Motion to adjourn
By: Jessica Weissinger Seconded by: Chris Tuten
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 |
| Douglas McRae | present member | On Time | At Adjournment |
| Jessica Weissinger | present chair | On Time | At Adjournment |
Finished the month of November 2024 above budget expectations by 38K MTD and 200K above budget expectations YTD. MTD 14K unrealized gain on cash and investment accounts ; under budget in staff development 15K and repairs and maintenance 9K, (timing differences); YTD Interest earned an unrealized gain on investments 39K Annual giving 15K. Charter school supplement 41K. Salaries absorbed by Title 1 27K and security grant funds of 47K; 17K ahead in after school fees.
Title 1 submission: 27K 1st quarter Investments: As of November 2024, our market value on investments is 1,010,928K on a 1,000,000 investment. Gain of 14K for the month. Gain of 39K YTD.
Also discussed: water bill adjustments, adjusted QBE Allocation resulting in a reduction of monthly payments to us by APS by $16K per month ($110K deficit for the remainder of the year) - including how we have adjusted the budget to account for less funds.
Also discussed Douglas McRae rolling off the finance committee as of 12/31/2024.
The meeting adjourned at approximately 7:45 AM
Motion to adjourn
By: Jessica Weissinger Seconded by: Chris Tuten
There was no notable discussion on the motion.