NOTICE IS HEREBY GIVEN, that Idaho Novus Classical Academy, LEA 639, Ada County, Idaho will hold a public hearing to approve the 2024-2025 Amended Budget and 2025-2026 Proposed Budget at the regular meeting on Wednesday, June 25th, 2025 at 7:00 PM at 19255 N. McLeod Way, Boise, ID 83714. Copies of the proposed budgets are available at https://idahonovus.org/ and will remain available until the regular meeting, as provided by law. SUMMARY STATEMENT 2025 - 2026 SCHOOL BUDGET ALL FUNDS Idaho Novus Classical Academy GENERAL M & O FUND ALL OTHER FUNDS Prior Year Prior Year Prior Year Proposed Prior Year Prior Year Prior Year Proposed Actual Actual Actual/Budget Budget Actual Actual Actual/Budget Budget REVENUES 2022-2023 2023-2024 2024-2025 2025-2026 2022-2023 2023-2024 2024-2025 2025-2026 Beginning Balances $ - $ - $ - $ 86,731.00 $ - $ - $ $ 56,625.00 Local Tax Revenue $ - $ - $ 1,234,717.00 $ 527,687.00 $ - $ - $ 99,267.00 $ 121,459.00 Other Local $ - $ - $ - $ - $ - $ - $ - $ - County Revenue $ - $ - $ - $ - $ - $ - $ - State Revenue $ - $ - $ 2,520,916.00 $ 3,593,374.00 $ - $ - $ 70,625.00 $ 82,477.00 Federal Revenue $ - $ - $ 12,000.00 $ 12,360.00 $ - $ - $ 94,506.00 $ 133,911.00 Other Sources $ - $ - $ - $ - $ - $ - $ - $ - Totals $0.00 $0.00 $3,767,633.00 $4,220,152.00 $0.00 $0.00 $264,398.00 $394,472.00 Prior Year Prior Year Prior Year Proposed Prior Year Prior Year Prior Year Proposed Actual Actual Actual/Budget Budget Actual Actual Actual/Budget Budget EXPENDITURES 2022-2023 2023-2024 2024-2025 2025-2026 2022-2023 2023-2024 2024-2025 2025-2026 Salaries $ - $ - $ 1,853,850.00 $ 2,188,197.00 $ - $ - $ 102,489.00 $ 46,400.00 Benefits $ - $ - $ 604,740.00 $ 723,617.00 $ - $ - $ 10,495.00 $ 11,225.00 Purchased Services $ - $ - $ 817,892.00 $ 937,514.00 $ - $ - $ 92,789.00 $ 113,017.00 Supplies & Materials $ - $ - $ 370,024.00 $ 223,405.00 $ - $ - $ 2,000.00 $ 18,218.00 Capital Outlay $ - $ - $ - $ - $ - $ - $ - $ - Debt Retirement $ - $ - $ 500.00 $ 900.00 $ - $ - $ - $ - Insurance & Judgments $ - $ - $ 33,896.00 $ 55,049.00 $ - $ - $ - $ - Transfers (net) $ - $ - $ - $ - $ - $ - $ - $ - Contingency Reserve $ - $ - $ - $ - Unappropriated Balances $ - $ - $ 86,731.00 $ 91,470.00 $ - $ - $ 56,625.00 $ 205,612.00 Totals $0.00 $0.00 $3,767,633.00 $4,220,152.00 $0.00 $0.00 $264,398.00 $394,472.00 A copy of the Charter School Budget is available for public inspection at the Charter's Administrative or Clerk's Office.