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1
Student Enrollment
0
2
3
Planning YearAssumptions
4
REVENUE
FY23, FY24
5
4
Tuition ($8900 per student)
 Planning budget is based on 18 students
6
5
Private Grants and Donations
7
6
Activity Fees
8
7
In-kind revenue (Admin assistance)
  
9
8
Other Government Funding
 
10
9
Other income
 
11
10
Private donations
  
12
11
TOTAL REVENUES
 -
13
14
FUNCTIONAL EXPENSES
15
Personnel Salaries and Benefits
  
16
11
Site Leaders 1
17
 
Site Leader 2
 
18
 
Site Leader 3
 
19
14
Learning Guide Salaries
1,000
June only; buy time for participation in upcoming events, professional development
20
 
Learning Guide Salaries
21
 
Learning Guide Salaries
22
17
Special Education Salaries
 -
23
18
Other Education Professionals Salaries
24
19
Business/Operations Salaries
 -
25
20
Administrative Asst Contractor
-
26
14
Admissions: Spring 2023
  
27
22
Employee Benefits and Payroll Taxes
28
23
Subtotal: Personnel Expense
1,000 -
29
  
30
Direct Student Expense
31
24
Educational Technology
32
25
Student Assessment Materials/Program Evaluation
 -
33
26
Contracted Student Services
  
34
27
Food Service
 -
35
28
Educational Supplies and Textbooks
8,000
Core, Site and Studio, 1 time resources ($6,500); other ed resources, puzzles, manipulatives, legos ($1,500)
36
29
Subtotal: Direct Student Expense
8,000 -
37
  
38
Occupancy Expenses
39
30Rent
40
31
Depreciation (facilities only)
 -  
41
32
Interest (facilities only)
 -  
42
33
Building Maintenance and Repairs
43
34
Contracted Building Services
8,000Zoning fees, other contractor services
44
35
Other Occupancy Expenses
2,500Contractor analysis $2,500
45
36
Subtotal: Occupancy Expenses
10,500
46
47
General and Administrative Expenses
48
37
Office Supplies and Materials
1,000$250 per staff member (2); $500 for printer/copier
49
38
Furniture and fixtures
5,000
50
39
Telephone/Telecommunications (internet)
3,000Network set-up, one location
51
40LegalCost assumed in Elevate Planning Year and Yr 1 operations
52
41
Liability and Property Insurance
Cost assumed in Elevate Planning Year and Yr 1 operations
53
42
Marketing/Outreach
4,000
54
43
Professional Development
3,200$900 Redbird Math Training; $2,000 Learnfully; other
55
44
School Growth Fund
 
56
45
Financial Aid
  
57
46
Management Fee
 
58
47
Accounting and Payroll Services
Cost assumed in Elevate Planning Year and Yr 1 operations
59
48
Tech and software
3,710
SIS set-up ($800); 1 staff ($600) and 7 student devices at ($1,750), device cases and accessories ($560)
60
40Postage  
61
50Utilities  
62
51
Other General Expense
  Bank fees; waived
63
52
Subtotal: General Expenses
19,910 -
64
65
53
TOTAL EXPENSES
39,410
66
Operating Revenue/Expense
  The remainder would be saved into reserves
67
68
CASH FLOWS
69
Operating Activities
70
54
Change in Net Assets
 The remainder would be saved into reserves
71
55Adjustments
to reconcile change in net assets to change in net cash		   
72
56
(Increase)/Decrease in Current Assets
  
73
57
Increase/(Decrease) in Current Liabilities
  
74
58
Cash Flows from Operations
 -
75
76
Investing Activities
77
59
Purchase of property, plant and equipment
  
78
60
Purchase of investment securities
  
79
61
Other investing activities
  
80
62
Cash Flows from Investing
 -
81
82
Financing Activities
83
63
Proceeds from loans
  
84
64
Repayment of loans
  
85
65
Other financing activities
  
86
66
Cash Flows from Investing
 - -
87
88
NET CHANGE IN CASH
 -
89
90
Cash, Beginning Balance
 -  
91
Cash, Ending Balance
 -
92
Total Per Student Cost
93
94
Projected Cash Reserves (as a % of target)
95
96
3-months cash reserves
97
98
99
100