I. Finances (Overview PowerPoint)
A. Financial Summary Watch Video Here
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
b) Operating Margin
(1) Total Revenue – Total Expenses / Total Revenue
c) Building Cost % of Budget
(1) Building Cost / Total Expenses
d) Days Cash on Hand
(1) Total Expenses / 365 = Per Day Then Total Cash / Per Day
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
III. Executive Administrator Evaluation
IV. Governance and Policies
B. Board Meetings
V. Board Calendar Timelines
July
August
Board Retreat Training
Background checks done
Appoint and review members of the LEA Curriculum Committee
Review the School Improvement Plan
Approve Early Literacy Plan
September
Review school fees and fundraisers
Review school data
Review 5-year strategic plan and update
Review Grants and Process for Measuring and Approve Plans
October
Annual Assurances of Compliance
Approve federal and state plans in UCA
Review of Open Public Meeting Law
Review and approve Final Results from previous school land trust
November
Management Response Letters Submitted
Review of the financial audit by auditors
December
Review of Financials and reports
Federal reimbursements
Special Education reimbursements
January
Open board elections--Parent signatures begin
Approve school calendar for the upcoming year
Approve school fee schedule for upcoming year
Review of Financial Procedure Policy -- 503
Review fee spend plan and proposed fees
February
Close board elections on last Friday--Parent signatures end
Approve school fees for upcoming year and submit to the state
March
Review of Open Public Meeting Law
Approve school fees for upcoming year and submit to the state
April
Land trust plan and progress report due
Update and approve school fee policy and schedule
Director evaluation
May
Review data from TSSA plan and make adjustments
Review fee spend plan to make needed adjustments to school fee schedule
June
Approve current budget
Approve upcoming school year budget
Approve TSSA Plan
Approve Counselor Report