Miles Ahead Charter School
2026–2027 Budget Presentation
FY27 Budget | Prepared May 2026
Toni Johnson
Enrollment | Revenue | Expenses | Year-over-Year Analysis
Contents
01
Enrollment Overview
Enrollment trends, grade-level breakdown, and demographics
03
Revenue Assumptions & Forecast
State, federal, and local funding sources — FY26 vs FY27
02
Budget Summary
Revenue vs. expenses summary and net income comparison
04
Expense Assumptions
Personnel, services, and supplies breakdown
05
Personnel Forecast
Staffing levels, FTEs, and salary changes
06
Services & Supplies
Non-personnel expense detail and year-over-year shifts
Enrollment Overview
320
FY27 Enrollment
↑ 39 students (+13.9%)
281
FY26 Enrollment
Prior year baseline
192
Free & Reduced
60.0% of enrollment
21
Special Education
6.6% of enrollment
Enrollment by Grade — FY26 vs FY27
Grade | FY26 | FY27 | Change |
Grade K | 64 | 66 | +2 |
Grade 1 | 61 | 66 | +5 |
Grade 2 | 67 | 60 | -7 |
Grade 3 | 38 | 42 | +4 |
Grade 4 | 30 | 42 | +12 |
Grade 5 | 21 | 22 | +1 |
Grade 6 | 0 | 22 | +22 |
TOTAL | 281 | 320 | +39 |
Enrollment by Band
New students in FY27: 39 | FTEs: 34.6 (FY27) vs 42.5 (FY26)
Budget Summary
| FY26 (2025-26) | FY27 (2026-27) | $ Change | % Change |
REVENUE | | | | |
Local Revenues | $553,418 | $334,091 | ($219,327) | -39.6% |
State Revenues | $4.18M | $4.43M | $257,542 | +6.2% |
Federal Revenues | $218,274 | $215,239 | ($3,035) | -1.4% |
Total Revenue | $4.95M | $4.98M | $35,180 | +0.7% |
EXPENSES | | | | |
Personnel | $2.49M | $2.06M | ($428,799) | -17.2% |
Benefits & Insurance | $738,703 | $639,019 | ($99,684) | -13.5% |
Prof. & Technical Services | $753,810 | $629,494 | ($124,316) | -16.5% |
Property Services | $603,867 | $534,494 | ($69,373) | -11.5% |
Other Purchased Services | $310,797 | $321,196 | $10,399 | +3.3% |
Supplies | $278,657 | $416,073 | $137,416 | +49.3% |
Property / Depreciation | $117,973 | $117,973 | $0 | 0.0% |
Other Expenses | $85,309 | $85,511 | $202 | +0.2% |
Total Expenses | $5.38M | $4.81M | ($574,155) | -10.7% |
NET INCOME (LOSS) | ($432,664) | $176,672 | $609,336 | Improved |
Revenue Per Student: $15,575 (FY27) vs $17,611 (FY26) | Expense Per Student: $15,023 (FY27) vs $19,151 (FY26) | Ending Fund Balance: ($367,345)
Revenue Assumptions and Forecast
281 → 320
Enrollment (+13.9%)
145 → 192
Free & Reduced (+32.4%)
24 → 21
Special Ed (-12.5%)
8 → 39
New Students (+387%)
Funding Sources
Funding Source | FY26 | FY27 | Change |
STATE REVENUES | | | |
QBE Formula Earnings | $1.93M | $2.01M | +4.1% |
State Categorical Grants | $2.51M | $2.83M | +12.6% |
QBE Contra (Local Five Mills) | ($426,223) | ($484,247) | -13.6% |
Other State Grants | $158,227 | $78,829 | -50.2% |
Subtotal – State | $4.18M | $4.43M | +6.2% |
FEDERAL REVENUES | | | |
Title I | $83,432 | $85,101 | +2.0% |
IDEA | $51,135 | $52,131 | +1.9% |
NSLP (Child Nutrition) | $68,500 | $78,007 | +13.9% |
Subtotal – Federal | $218,274 | $215,239 | -1.4% |
LOCAL REVENUES | | | |
Before & After Care | $120,000 | $139,388 | +16.2% |
Foundation / Grants | $350,000 | $71,233 | -79.6% |
Fundraising & Donations | $27,000 | $60,000 | +122.2% |
Meal Sales & Other | $56,418 | $63,470 | +12.5% |
Subtotal – Local | $553,418 | $334,091 | -39.6% |
TOTAL REVENUE | $4.95M | $4.98M | +0.7% |
* Note: Foundation/grants decline reflects one-time FY26 contribution of $350K. State revenues increase due to enrollment growth.
Expense Assumptions
Expense Drivers
| FY26 | FY27 |
Total FTEs | 42.5 | 34.6 |
Teachers (FTE) | 18.6 | 16.0 |
Pay Increase (Teachers) | 2.0% | 0.0% |
Pay Increase (Other) | 2.0% | 0.0% |
Expense Inflation | — | 2.0% |
Key Non-Personnel Expenses
FY27 Expense Composition
Expense | FY26 | FY27 |
Purchased Professional Services | | |
Professional Development | $96,250 | $110,683 |
SPED Contractors | $175,000 | $150,000 |
Contracted Teachers | $143,000 | $70,000 |
Tech / IT Services | $88,740 | $80,400 |
Security Services | $47,124 | $48,066 |
Property | | |
Rent | $450,000 | $394,000 |
Depreciation | $117,973 | $117,973 |
Other Purchased Services | | |
Food Service Management | $185,000 | $186,240 |
Field Trips / Marketing | $54,430 | $50,880 |
Supplies | | |
Instructional + Tech Supplies | $60,088 | $69,280 |
Textbooks (Digital + Print) | $65,653 | $116,909 |
Student Computers | $2,693 | $25,000 |
Personnel Forecast
Staff Category | FTE (FY26) | Salaries (FY26) | FTE (FY27) | Salaries (FY27) | $ Change |
110 — Teachers (Core) | 18.6 | $1.07M | 16.0 | $910,073 | ($163,538) |
113 — Substitutes | — | $29,232 | — | $37,125 | $7,893 |
118 — Art, Music, PE | — | $70,000 | — | $70,000 | $0 |
140 — Aides & Paraprofessionals | — | $304,435 | — | $285,655 | ($18,780) |
140.3 — Aftercare Aides | — | $67,162 | — | $12,987 | ($54,175) |
174 — Nurse | — | $25,200 | — | $25,200 | $0 |
179 — Scholar Support | — | $147,700 | — | $104,740 | ($42,960) |
186 — Custodial Personnel | — | $64,000 | — | $64,000 | $0 |
190 — Executive Director | — | $115,000 | — | $185,380 | $70,380 |
190.3 — Operations & Finance | — | $322,693 | — | $238,900 | ($83,793) |
199 — Other Salaries & Compensation | — | $114,507 | — | $129,500 | $14,993 |
TOTAL PERSONNEL | 42.5 | $2.49M | 34.6 | $2.06M | ($428,799) |
BENEFITS & INSURANCES | | $738,703 | | $639,019 | ($99,684) |
TOTAL PERSONNEL + BENEFITS | | $3.23M | | $2.70M | ($528,483) |
Note: FY27 pay increase is 0% for both teachers and other staff. Personnel costs decline primarily due to reduced FTEs (42.5 → 34.6).
Services and Supplies Forecast
Non-Personnel Expenses | FY26 | FY27 |
Purchased Professional Services | | |
Professional Development | $96,250 | $110,683 |
SPED Contractors | $175,000 | $150,000 |
Contracted Teachers | $143,000 | $70,000 |
Contracted Security | $47,124 | $48,066 |
Business & Legal Services | $149,050 | $161,450 |
Purchased Property Services | | |
Rent / Facility Lease | $450,000 | $394,000 |
Repair & Maintenance | $27,500 | $25,000 |
Security / Safety | $20,000 | $8,500 |
Other Purchased Services | | |
Food Service Management | $185,000 | $186,240 |
Insurance | $46,512 | $47,442 |
Field Trips | $32,000 | $29,120 |
Supplies | | |
Instructional Supplies | $12,000 | $20,000 |
Textbooks (Digital + Print) | $65,653 | $116,909 |
Technology / IT Supplies | $48,088 | $49,280 |
Student Computers | $2,693 | $25,000 |
Copier Lease | $35,700 | $36,414 |
Uniforms + Extracurricular | $13,584 | $14,662 |
Other Expenses | | |
Interest | $61,666 | $74,899 |
Memberships & Dues | $10,404 | $10,612 |
Year-over-Year Comparison
Key Shifts in FY27
↑ Supplies
+$137K | Textbooks & student computers
↓ Prof Svcs
-$124K | Fewer contracted teachers
↓ Property Svcs
-$69K | Lower rent ($394K vs $450K)
↑ Other Purch
+$10K | Food service & marketing
Supplies increase driven by textbook adoption (+$51K) and student computer refresh ($0 → $25K). Rent reduction reflects renegotiated facility lease.