Resurgence Hall Charter School: Presentation includes monthly financial presentation, balance sheet, budget vs. actuals, cash flow, income statement, YTD credit card register, financial workbook, September financials, September bank reconciliations and registers -which includes all banking accounts, credit cards, and checks. Review of FY23 Balance Sheet.
- $56K decrease in operating income vs budget
- The allocation of staff needs to be reviewed
Resurgence Hall Middle Academy: Presentation includes monthly financial presentation, balance sheet, budget vs. actuals, cash flow, income statement, YTD credit card register, financial workbook, September financials, September bank reconciliations and registers -which includes all banking accounts, credit cards, and checks. Review of FY23 Balance Sheet.
- $1.1M increase to projected operating income vs budget
- Projecting $453K COH throughout FY23
- SCSC Financial Performance Indicators- 70/100 due to not processing CSP yet, project to end the year with 95/100 points
Items for Review:
- FY22 Audit Review
- Single audit
- 3 level audit
- 2 balance sheetsÂ
- Answered no to low-risk audit due to it being the first audit