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Elite Public Schools reports grants and budget adjustments as enrollment rebounds slightly
Summary
An EdTech Online presenter told the county board Elite saw enrollment/ADA declines last year, used grant funding and expense cuts to stabilize, and projects modest enrollment growth supported by a $500,000 teacher residency grant and a SB740 rent reimbursement award.
An EdTech Online consultant reviewed Elite Public Schools' fiscal solvency at the Solano County Board of Education meeting, saying the charter experienced lower‑than‑projected enrollment this year, made expense reductions and used grant awards to restore near‑term stability.
"We actually did see some growth in enrollment from that P1 report to the P2 report," Sam Leonard said. He explained that even a small change in average daily attendance can materially affect revenue; in Elite’s case a P1‑to‑P2 ADA change produced an estimated revenue impact of about $30,000. Leonard said the school adjusted expenses and sought additional local grants to balance the budget.
Leonard listed grant sources that have helped: a teacher residency grant of about $500,000, an SB740 rent reimbursement grant for new sites (roughly $60,000–$65,000), and a pending restorative‑practices grant application for $100,000 covering two years. He said those awards — plus modest projected enrollment gains and higher per‑student rates for TK under the May revised state budget — underpin a forecast that shows a healthier ending fund balance for the coming year.
Trustees asked for more detail about grant line items and budget transparency. Leonard acknowledged some grants were embedded in other state‑revenue lines and said staff will break them out in future reports to improve clarity.
Why it matters: Charter solvency affects students and district authorizers; Elite’s grant receipts and conservative projections make a near‑term financial recovery plausible, but the board flagged the importance of clearer line‑item reporting and the longer‑term audit resolution with the California Department of Education.
