In its April 25 meeting, the Academy board reviewed financials and approved a budget resolution.
Year-to-date projections were adjusted, with revised documents shipped off to Patrick Sweeney at the Academy's accounting firm, Rochester-based Crosskey Lanni. Pending Sweeney's review, the financials will be delivered to the hot hands of a loan officer at Traverse City State Bank.
Here are the numbers:
Looking at this year's numbers, it's hard to see how another $360,000 could be squeezed out of next year's to make lease payments — even with an increase in student population.
So why did the school go forward with a March 18 ceremonial ground breaking, three days after a whistle blower's email revealed to the entire Grand Traverse Academy board and key charter office personnel at Lake Superior State University the $12,500 monthly wire transfers Noss had made to Steven Ingersoll, beginning April 2014?
My guess?
Those Oreo cookie-dirt encrusted cupcakes weren't going to eat themselves!