By Richard Bammer
The second interim 2017-18 budget report, an open enrollment update, and the setting aside of $750,000 for future facilities and land purchases are on the agenda when the Kairos Public School Vacaville Academy leaders meet tonight in Vacaville.
By law, California public school districts — and Kairos, as an independent TK-8 charter, is essentially its own school district — are required to present annually two interim budget reports, typically one by mid-December, the other by mid-March, to declare whether or not a district can pay its bills.
The school’s executive director, Jared Austin will tell the governing board of directors that the Elm Street school has increased its operating surplus by nearly $180,000 since the first interim budget report and estimates are that revenues exceed expenses by $306,000. The school will have an operating surplus for the next two academic years, Austin, who has led Kairos since its founding four years ago, will tell the directors.
The budget report also will serve as something of a statistical snapshot of the school: Enrollment is nearly 560 for the current year and will be the same for the next two. Gov. Jerry Brown’s Local Control Funding Formula will be fully funded two years ahead of schedule, Austin will note, adding that cost-of-living adjustments will be 1.56 percent this year and 2.51 and 2.41 for the two outlying years, respectively.