1. Financial Presentation
NOCCS Charter School
Financial Presentation
Rationale for this topic
Introduce speakers
Bryce Fleming
August 16, 2017

2. Financial Presentation
Agenda
Tonight’s Meeting Topics
Year End Financial Update
Cash Flow
Budget Update

3. Current Financials

4. Year End Forecast Update
Projected operating income increased by $66K since previous month to $190K ($143K without the Prop 39 Energy project)
Revenues increased by $28K due to increase in collections of after school program revenues and fundraising
Expenses decreased by $38K
Compensation and benefits decreased by $9K, largely due to lower than anticipated unemployment insurance
Books and Supplies decreased by $9K, small savings in several areas
Services and Operating decreased $20K – many changes in both directions with largest reductions coming in fundraising expenses, travel and conferences 3

5. Year End Forecast Update
Projected operating income increased by $66K since previous month to $190K ($143K without the Prop 39 Energy project) 3

6. Year end cash balance of $408K
Cash Flow
Year end cash balance of $408K
PEC Grant

7. Budget

8. Operating income has increased by $49K from June budget approval
NOCCS Changes
Operating income has increased by $49K from June budget approval
Revenues – Increase of $48K
Majority of the increase ($46K) comes from changes in SB-740
SB 740 reimbursement rate has officially increased to $1,117/ADA
CSFA believes that the program will be oversubscribed and is recommending a discount of 15% - effective rate is $949/ADA
Result is a $200 increase per ADA from last year’s $750/ADA
Increase of $2K from increase in Mandate Grants
Minimal changes to rates for LCFF and Lottery
Expenses- No meaningful changes ($1K decrease total) – additional changes will be evaluated over the next month

9. Budget Update