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FY2023 Summary Budget
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The 2022-2023 MHSA budget is a provisional budget, which means this is an interim document for the fiscal year 2022-2023. The new Executive Board requires a working budget as we take office, and we have created a budget that reflects our key priorities, with some flexibility to refine these as we grow in our positions this term. Please note the current Executive Board is still working on financial policy but will be requiring expenses over $500 to obtain pre-approval.

The budget was unanimoulsy approved by the HSA Board on November 20, 2022, following the Open Budget Meeting on November 14, 2022 with an open written comment period through November 18, 2022.
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Proposed
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11/14/22
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INCOME:$
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Net Auction Income(In person)$90,000
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Membership/Year End/Annual Fund(Combined)$50,000
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Misc$10,000
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Total Income$150,000
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EXPENSES:$% to Total
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Grants:
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- Teacher/Staff Support Grants (60pp @$300 each)
$18,000
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- Department Grants (9 @$2500 each)$22,500
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- Grade-Level Grants (8 grades @$3000 each)
$24,000
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- Club Grants$11,000
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Subtotal$75,50036%
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Committee Initiatives:
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- Building & Grounds $15,000
Includes Beautification & Rooftop/Open Spaces
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- Outreach & Community Support$24,000
Includes Academic Affairs & Wellness, DEIAR, Library, Middle School Liaison, High School Liaison, Orientation and Graduation Receptions
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- Social $13,000
Includes Staff appreciation, Hospitality, Family Dinner, & Rooftop Social
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Subtotal$52,00025%
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Direct School Support:
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- Security Guard Coverage$15,000
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- School Musical (Director)$4,000
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- Philadelphia Young Playwrights (6th grade)
$4,000
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- Take the Lead Project (11th grade)$3,000
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- Major Projects TBD$50,000
Major projects will be aprpoved subject to board approval.
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Subtotal$76,00036%
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HSA Admin:
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Subtotal$6,5003%
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Total Expenses$210,000100%
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Profit/(Loss)-$60,000
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HSA Cash Balance
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General FundRooftopTotal
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Current Cash on Hand
$288,869$39,019$327,888
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2022-23 Projected Income:
$150,000$0$150,000
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2022-23 Projected Expenses
-$200,000-$10,000-$210,000
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Year End Cash on Hand:
$238,869$29,019$267,888
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Checking status on these items:
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-Extracurricular contribution 2019-2020 to SDP of $26,824.02 is a credit available to the school.
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-Technology contribution 2019-2020 to SDP of $6,530.48 is a credit available to the school.
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