Motion to adjourn
By: Chris Tuten Seconded by: Jessica Weissinger
There was no notable discussion on the motion.
| Name | Status | Arrival Time | Departure Time |
|---|---|---|---|
| Chris Tuten | present member | On Time | At Adjournment |
| Pamela Tanner | present secretary | On Time | At Adjournment |
| Jessica Weissinger | present chair | On Time | At Adjournment |
Finished the month of August 2026 above budget expectations monthly by 36K MTD and 98K YTD
Why?
MTD After School Fees collected 24K more than budgeted. Interest on cash and investments 14k; Lunch Fees 9K.
YTD After school fees collections 17K more than Budgeted. Interest earned on cash and investments 19K; Reserve allocation 68K
Title 1: Quarterly submission will be 9/30 31K YTD
All Federal monies spent as of June 30, 2026 for FY 2026
Investments: As of August 2026, our market value on investments is 999,251 on a 1,000,000 investment.
Transfer 43K realized gain for the year to operating. Gain in market value for the month 5K
Accounts Receivable:
Cash Position: As of July 2027, we are projecting a cash balance of 3.4 million, net of cash reserves 2 million.
Cash reserves should represent approximately three months of operating expenses.
Facility Grant of 100K . Backup and supporting documentation has been submitted to APS
Presently we have 3.8 million in money market.
Audit Fieldwork for FYE June 30, 2026, has been completed and awaiting follow up.
End of the year reports due to APS,( DE46 EOY Actual and adjusted budget, have been submitted and accepted. 27’ Budget due September 17th.
The meeting adjourned at approximately 8:05 am
Motion to adjourn
By: Chris Tuten Seconded by: Jessica Weissinger
There was no notable discussion on the motion.