To: Michael Green, Superintendent
From: Stacy Brown, Director of Business Services
Date: January 22, 2024
Subject: Financial/Enrollment Report
I am working on January month-end and the full review of projections for the year, but with the Auditors here and finishing up payroll, I haven’t had the time to put into the process that I really want to provide numbers that I am confident are accurate (well, as accurate as can be when making projections). The transportation allocation should be out soon, and since the March business meeting is early next month, I will have all of that information for you next month.
Enrollment
The first enrollment document (page 1) shows a comparison of average FTE compared to budgeted FTE. Funding is based on FTE (not headcount), so this is an important document. Funding is based on our average annual FTE (which includes September through February at this time). For February, we are 36.17 below budget, and the average for the year is 25.18 below budget. The decrease between January and February was only .86 FTE. The February count of 2,271.83 is 10.99 FTE below the average. With the change in the semester, I am hopeful that enrollment has settled down and will continue to be constant or increase. Even if enrollment stabilizes through the remainder of the year, we will end the year at approximately 30 FTE below budget. This will definitely have a negative effect on the ending fund balances. You also see the Special Education enrollment numbers and how they compare to the budget. Special Education enrollment average is figured October through May. The numbers you see here are for 5 months, and we are 2.8 over at Pk and just 3.20 below budget at K-21. I will let you know how this affects the district projections through January data next month.
The second document (page 2) is a summary by headcount for February, with a comparison to January. The counts by grade level include the Yale, LRA, and TEAM High numbers (all totals for the district). The section below shows the total February headcount for those buildings compared with the previous month's headcount. Overall, we are down 2 students from January. We normally see decreases at the secondary level this time of year with mid-year graduations and semester changes. However, one thing I noticed (and double-checked with Deena) is that we had 6 first graders enroll this month! Sure enough, 4 at CES and 2 at NFES.
Please let me know if you have any questions.