Financial Statements 

• Monthly Income is $1,062,282, Budget was $950,683 
• Monthly Expense is $834,249, Budget was $932,977 
• Monthly surplus is $228,033; Budget surplus was $17,705

Budget

• Budget for March was $17,705 actual is $228,033, this is a surplus of $210,328
• Budget for FYTD was $152,854; actual is $1,194,832, this is a surplus of $1,041,978

Cash on Hand = 109 

Eric presented the FY2025 Budget Amendment Form

• Adjusted the revenue and expenditures for additional revenues and for savings in expenses during the FY25. 
• Dr Owes requested that the amount allocated for Building Improvement be removed since we already had planned projects for the summer and would be spending those funds. 
• The amended budget was no longer balanced so we tabled the vote. 

• No PTO Report - Will aim to have it before the full board meeting next week.
• HVAC Lease Paid Off (De Lage Laden Financial Services)
  • Total was $1,053,252
  • Monthly was $12,839
• Employee Benefits is moving to Anthem BCBS plan
  • 6 different plan options
  • Savings for the school and the employees
• Annual Innovation Fund - as of May 2025 $37,300
  • Includes Golf Tournament but not the property sale
• Facilities Summer Projects

• Currently waiting to have the promissory release by Fulton County. Was never done when the property was paid off.

• Requested that Dr. Owes present a detailed report of the Golf Tournament (Amount Raised and Expenses). This will help with turning it over to the board next year.

• Shameka outlined the duties and responsibility of the treasurer for existing committee members to think on prior to officer vote next week.