• Legislature tells the commission how much money they have an allotment for the school year. In total $694,000 dollars allowed in account to do extra things with. 
• FY24 will encumber $678,000 leaving $71,000 for everything else.
• Formal document to budget office to request x amount of dollars for funds that go over allotted amount (carryover) with an explanations of use of funds to be approved. This goes to budgeting office on 24th of this month.
• March 11th when funds would be available if approved.

• Received 6 of 9 FY23 audits with extensions on three, last one will be submitted by end of March.
• CRCS submitted FY22 restated balance sheet in FY23 submission. Restatements restored unreported debt and other assets.
• Resulting change in net assets from the restatements was made to balance sheet and modest besides the FY22 changes where net assets were increased to $151k. 

• Three schools with higher risk scores. (CRCS, FSAS, MeAA)
• Four schools with FY23 deficits. (CRCS, FSAS, MEANS, MeAA)
• No schools reporting a default. 

• FY24 Year to Date Expenditures. Shows breakdown of all spending. Spent/paid vs. still processing. 
• For spending report all money MCSC pays out to per diem, contracts, services listed with all details.
• MDOE figures match what MCSC has recorded.

• MEANS charter amendment to decreased contracted student enrollment. 
• Benefit is for budget and staffing. 
• Haven't reached yet 200, but contracted to have continued growth of students but no longer wants to reach those goals of increasing. 
• Will be voted on at School Performance Meeting to bring to Commission Meeting.

None.

None.

February 8, 2024 @ 12pm-1pm via Zoom.