I. Finances (Overview PowerPoint)

A. Financial Summary      Watch Video Here

          1. Budget Summary

2. Transaction Breakdown

3. Financial Ratios

a) Debt-Service Coverage

(1) Net Income / Debt Service

(2) Example Click Here

b) Operating Margin

(1) Total Revenue – Total Expenses / Total Revenue

(2) Example Click Here

c) Building Cost % of Budget

(1) Building Cost / Total Expenses

(2) Example Click Here

d) Days Cash on Hand

(1) Total Expenses / 365 = Per Day Then Total Cash / Per Day

(2) Example Click Here

4. Expense vs. Revenue

  B. Budget Detail      Watch Video Here

         1.  YTD (Year To Date)

          2.  Approved Budget

          3.  Forecast Budget

          4.  % of Target (# of months completed / 12)

          5.  % of Forecast (YTD / Forecast budget)

II. Required Trainings

    A. Open Public Meeting Law

III. Executive Administrator Evaluation

IV. Governance and Policies

    A. Committee Structure

    B. Board Meetings

V.  Board Calendar Timelines

1. July
2. August
   1. Board Retreat Training
   2. Background checks done
   3. Appoint and review members of the LEA Curriculum Committee
   4. Approve staff
   5. Review school policy schedule
   6. UCAP website
   7. Review School Improvement Plan
3. September
   1. Approve Early Literacy Plan
   2. Review school fees and fundraisers
   3. Review school data
4. October
   1. Annual Assurances of Compliance
   2. Approve federal and state plans in UCA
   3. Review Open Public Meeting Law
5. November
   1. Management Response Letters Submitted
6. December
   1. Review of Financials and reports
      1. Federal reimbursements
      2. Special Education reimbursements
7. January
   1. Open board elections
   2. Approve school calendar for upcoming year
   3. Approve school fee schedulue for upcoming year
8. Feburary
   1. Close board elections on last Friday
9. March
   1. Review Open Public Meeting Law
10. April
    1. Land trust plan and progress report due
    2. Update and approve school fee policy and schedule
    3. Director evaluation
11. May
12. June 
    1. Approve current budget
    2. Approve upcoming school year budget