Avon Grove Charter School Finance Committee Meeting
The committee reviewed April 2025 financial statements, noting revenues exceeded budget projections due to student population shifts, while expenditures remained lower than anticipated. Discussions included committed facilities fund activity, student enrollment figures, the successful renewal of the Truist Bank Line of Credit, and a resolution for fund balance reallocation. The committee also received updates on ongoing billing disputes with the Coatesville Area School District, the employee benefits plan audit, and upcoming procedural updates regarding the Pennsylvania Department of Education budget and audit committee requirements. Additionally, the committee addressed miscellaneous items, including the status of money market accounts and preparation for the upcoming fiscal year bank signature requirements.