To: Asha Riley, Superintendent
From: Stacy Brown, Director of Business Services
Date: September 20, 2024
RE: Financial and Enrollment Report
I have the August Budget Status reports somewhat ready. These reports represent the revenues and expenditures through 8/31/24. They do not include the year-end revenue and expenditure accruals and all of the year-end entries. The report shows expenditures greater than revenues of $364,000. I expect this number to be smaller once all of the year-end entries are entered. I project the loss to fund balance to be closer to $250,000. The year-end report (which includes August) will be presented in November.
I have attached the enrollment reports for September. The September FTE count is 5.33 below budget. Deena has enrolled a large number of kids since the September count date, and I expect the October count to be ten or more greater than the budget. This is great news as the basic education enrollment affects so many of our revenues. I did not include the Special Education numbers since the average calculation for special education is October through May. I will have numbers for these next month.
Please let me know if you have any questions!