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Charter reports $3.2 million positive variance in unaudited 2024-25 results
Summary
School leadership told the governing board the unaudited 2024-25 financials show a $3.2 million positive variance driven by higher enrollment-driven revenue, interest income and expense savings from vacancies; auditors will issue a formal report in December.
Good news greeted the governing board when school staff presented unaudited financial results for the 2024-25 fiscal year, reporting a $3,200,000 positive variance compared with earlier projections.
The school’s finance presenter told the board that stronger-than-expected average daily attendance, higher interest earnings on reserves and increased facility rental income were the largest revenue drivers. "Good news. We have a $3,200,000 variance in our budget on the positive side," the presenter said, noting that some one-time grant…
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