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Natomas Charter reports healthy reserves; finance director Anita Schwab to retire
Summary
Natomas Charter presented its 2nd interim showing a projected ending balance of about $24.2 million, positive certification, and plans tied to a $30 million state facilities grant; presenter Anita Schwab said this was her final presentation before retirement.
Natomas Charter School staff reported a positive 2nd interim financial certification and a projected ending fund balance near $24.2 million. Presenters noted P2 attendance and LCFF averages (reported average LCFF roughly $12,481) and said conservative budgeting and use of the alternative income form contributed to an unduplicated pupil percentage increase.
Anita Schwab, who delivers the fiscal presentation, said the school was working with the district on a $30 million state facilities grant that requires a 50/50 match and estimated the charter's share at $15 million; she also noted planned set‑asides for facilities, technology, special education and operating reserves. Schwab's remarks included a personal note: she is retiring and this was her last presentation to the board. Trustees asked questions about unduplicated counts, reserve months, and special education set‑asides; presenters said operating reserves currently cover roughly three months and the board's goal is to move toward six months over five years.
