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Charter leaders present finances; Natomas Charter cites $30M Black Rock facilities grant
Summary
Leaders from Natomas Charter, Natomas Pacific Pathways Prep and Westlake Charter presented second‑interim financial reports showing positive certifications, multi‑year projections and facility plans; Natomas Charter described a state facilities grant of about $30 million for its Black Rock campus and projected reserves of roughly $21.6 million.
Three charter operators presented annual financial oversight reports to the board.
Joe Wood, executive director of Natomas Charter School, said the school's enrollment was 1,855 with a projected ADA of 1,762.25 and that a planned deficit of about $3.3 million primarily reflected facility spending tied to a state facilities grant. "We got approved for a state facilities grant of about $30,000,000 project on our BlackRock campus," Wood said; Anita Schwab, Natomas Charter's budget and finance director, said the school is projecting a healthy fund balance of about $21.6 million and that roughly $7 million was already committed for construction planning.
Cher Macchini presented Natomas Pacific Pathways Prep (MP3) financial highlights across elementary, middle and high levels and said the schools were in sound financial shape, though many numbers were based on the district’s January second interim and the May revise had just been released. Steve Corvink, Westlake Charter’s CBO, presented Westlake’s second interim (enrollment 1,490; ADA ~94%), and said budgets reflect full STRS and PERS obligations and positive cash‑flow projections.
Trustees asked clarifying questions about attendance assumptions (the presenters used a conservative 95% attendance projection in multi‑year forecasts) and unduplicated pupil counts. Presenters said staffing is the largest expenditure category and highlighted work on facilities and accreditation.
