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Reply to "PPP Loans"
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[quote=Anonymous][quote=Anonymous]For people asking where the money went, it was earmarked for salaries, though it was fungible in principle. Many schools faced a loss in revenue from no aftercare and no camps during covid. Additionally, many schools had to overhaul hvac systems, buy new equipment such as addition iPads and chrome books. The PPP money helped offset these other expenses because money budgeted for salaries could help cover new unexpected expenses. Some schools also modified there spaces to allow for additional classrooms. While some savings occurred, covid also created a lot of new expenses for schools. [/quote] Boo boo let’s ask for 5.2 million lol. Makes sense. I am sure school lost revenue in the millions please. Our private school packed kids in made hand over fist. [/quote]
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