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Elite Public Schools fiscal update: enrollment below budget projections, ADA down to 521
Summary
Financial presenter Sam Leonard told trustees Elite's P1 report shows enrollment of 573 and ADA of 521 versus the approved budget enrollment (665) and ADA (625); trustees pressed on how projections tied to facility growth will affect revenue assumptions.
Sam Leonard presented Elite Public Schools' fiscal update and noted that actual P1 numbers are lower than what was included in the approved budget. He described the budget projection (approved in June) showing an enrollment assumption of 665 and an ADA of 625, then said the P1 report shows enrollment of 573 students and ADA of 521 as of the midyear report.
"Of course statewide, we are seeing enrollment decline," Leonard said, explaining that multi-year projections assumed facility expansion connected to a Prop 2 application and that revenues and expenses will be adjusted to match actual enrollment. Trustees asked how the budget models would respond if enrollment does not meet the projected growth; Leonard said the district models multiple scenarios and will reduce expenditures where necessary to maintain stability while preserving programs.
Trustees pressed for more specifics on the assumptions behind later-year revenue increases and whether projected facility openings are firm enough to justify increased revenue in multi-year projections; staff said projections will be revised as facility plans and state budget details are clarified.
