Welcome and Call to Order

The meeting will be called to the order at 6:33 pm.

Discussion RE: FY25 Budget

Fiscal Updates

$2500 increase in salary base for teachers and increase in state health benefit

No facilities grant for state-chartered school; $100K for local charters

FY26: addition of principal for k-8 per 300 students

$108M for school safety- unclear requirements for distribution 

Quality Basic Education: Funding Calculation

QBE funding is driven by # of students in each instructional program (early intervention, special ed, gifted, etc.)

RHPA FY25 Budget Summary

Key Assumptions

Enrollment: 420 k-4

Same demographics

No ESSER funds

No facilities grant

Outdoor space capital project

Interest expense split 65/35

HVAC deferred maintenance

Expense growth in line with enrollment and 1.5% COLA

Projected Budget

Revenue 6,541,152

Expenses 6,175,770

Operating Income 365,382

Ending Fund Balance (incl. Depreciation) 4,306,213

Ending Fund Balance as % of Expenses 69.7%

Review revenue comparison 23-24 and 24-25

Review expense comparison- staffing an increasing percentage of expenses 23-24 and 24-25

Would like to review 22-23 years as well

RHMA FY25 Budget Summary

Key Assumptions

Enrollment: 230, 5th-7th

Demographics- same as FY24

No CSP or startup funds

No facilities grant

Proportional sharing 

Revenue comparison 

Expense comparison- staffing an increasing percentage of expenses as start-up costs decline

Public Comment

Our Public Comment period is for members of the public to address the board. Each member of the public may sign up to comment at the meeting, and will be allotted two minutes. The board will listen, but may not directly respond to any comments. Our meetings are open to the public and public record. As such, if your comment is about a private matter, please contact the board via email, or speak to the board chair privately.

No public in attendance.

Adjournment

End of meeting.

The Meeting was Adjourned

The meeting adjourned at approximately 7:04 pm