Submitted by admin on January 28, 2010 - 9:38pm
in
Situation:

• The school will face a $960,000 cash flow shortfall March through June due to holdbacks
• Annualized Revenue = $2.4 million ($10,000/ADM) with 200 ADM
• 40% Holdback = $960,000

Challenge:

• The school will receive 60% of its annual revenue in 16 payments, July through February ($1,440,000.)
• The Schools needs to continue to operate and pay it's bills March through June while receiving NO payments from MDE.
• The School needs a plan.

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The Situation:
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The school will face a $960,000 cash flow shortfall due to holdbacks
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Relevant to State: 
Alabama