July 2026 P&L
There was a delay in the ESA funding due to the increased number of new students in the program. This caused delays in the funding from many of our new students.
- Full-time tuition took a hit due to funding delays.
- Part-time tuition for homeschool students does not start until September.
- We continue to seek sponsors and fundraising opportunities (this is new for the business this fiscal year).
- Staff wages are paid on a 12-month cycle.
Risk to the business:
Typically, July and August are months when Academy 48 can get ahead and fund technology for the upcoming year, but funding delays put the business slightly behind, forcing it to draw on reserves to cover operating costs.
– Depending on the August outlook, we will need to delay the purchase of some new technology until the funding is back on track, as the reserves have dwindled.
– All paid marketing activities have been put on hold.
Outlook:
Once the ESA funding is caught up and cash flow normalizes, Academy 48 will be in a strong financial situation.
|
Revenue In
|
Actual | Expected | |
| Full-Time | $4,950.00 | $10,075.00 | |
| Part-Time | $0.00 | $0.00 | |
| Sponsorship | $0.00 | $0.00 | |
| Other | $1,079.00 | $1,000.00 | |
| $6,029.00 | |||
| COGS (Cost of Goods Sold) | $488.00 | ||
| Gross Profit | $5,541.00 | ||
|
Liabilities
|
|||
| Lease | $2,500.00 | ||
| Staff Wages | $6,500.00 | ||
| Contractor Labor | $1,500.00 | ||
| Marketing | $19.41 | ||
| Software & Apps | $382.81 | ||
| Curriculumn | 0 | ||
| Athletic Fees | $170.00 | ||
| $11,072.22 | |||
|
Net Revenue
|
-$5,531.22 |