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MP3 charters report stable enrollment, healthy reserves; unduplicated counts climb
Summary
District fiscal staff said MP3 elementary, middle and high schools are projected to maintain positive certifications for 2025–26 with stable enrollment, rising unduplicated pupil percentages (elementary/middle/high reported in the 40–48% range) and reserves adequate to cover near-term needs.
Nicole Perrine, Director of Fiscal Services, presented financial overviews for MP3 Elementary, MP3 Middle and MP3 High, reporting projected enrollments (elementary ~503, middle ~518, high ~634) and average daily attendance figures. Perrine said LCFF remains the primary revenue source, with salary and benefits representing the largest ongoing expenditures and that all three schools are projected to end 2025–26 in a positive financial position.
Perrine highlighted that the unduplicated pupil percentage increased across sites (for example, MP3 Elementary's unduplicated percent rose to about 48.51% in the current report), improving supplemental LCFF funding. Trustees asked about reserves and cash flow; presenters said the MP3 schools maintained strong cash positions (the presentation cited roughly six months of reserves at the district-favored sites) and expected positive certifications despite anticipated salary and pension cost increases.
