Jun 16, 2025BoardMeeting
BoardBoard Financial Audit Committee Meeting Minutes
The committee reviewed the 2024 audit, noting a decrease in the school's total net position by $565,350 in 2023-24. The general fund balance as of June 30, 2024, was reported at $164,696, reflecting a decrease of $393,495 from the previous year. The deficit for 2024-25 is projected to be $127,000, with an anticipated fund balance of approximately $40,000 for 2025-26. The budget for 2025-26 is expected to have a surplus of $47,698, based on an enrollment of 235 students, while the school currently has 253 students enrolled. The school maintains a line of credit but has not needed to utilize it, and the auditor noted no other subsequent events.