State of the Charter Schools Andrea Cooper Gatewood Charter - - PowerPoint PPT Presentation

State of the Charter Schools

Andrea Cooper Gatewood Charter Schools Board Work Session January 10, 2017

• FCS Charter Portfolio
• Update on New Charters
• Charter Performance
• Next Steps

Overview

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Ten Independent Charter Schools

Fulton Academy of Science and Technology (FAST)

Focus: Design thinking and problem-solving with an emphasis on Science, Technology, Engineering and Mathematics (STEM)  Current enrollment is 463 students K-6  Singapore Math  FOSS science  Computer Science and Coding  Innovation Hour Key Challenges and Opportunities

• Construction delay
• Traffic impact on community
• Enrollment
• Board leadership transition
• One day closure

Skyview High School

Focus: Supporting at-risk students with

• btaining High School diploma

 Current enrollment is 257 students  Average Enrollment Age: 17 years old  Average HS Credits: 8  90% are off track to graduate Key Challenges and Opportunities

• Robust enrollment
• Strong referrals from FCS high schools

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New Start-Up Charters

• Academic Performance
• Financial Performance

Charter Performance

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CCRPI Elementary Schools

73.3 72.8 68.7 61.2 68.3 70.0 75.4 0.0 20.0 40.0 60.0 80.0 100.0

% Developing Learners and Above Schools GA FCS Charters FCS

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All FCS Elementary Schools All Georgia Elementary Schools All Fulton Elementary Charter Schools Traditional Comparison Schools The Main Street Academy Chattahoochee Hills Charter KIPP South Fulton Academy Amana Academy

CCRPI Middle Schools

70.8 72.1 74.3 57.9 64.0 67.9 80.3 84.9 90.6 0.0 20.0 40.0 60.0 80.0 100.0

% Developing Learners and Above Schools

FCS GA

FCS Charters

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CCRPI High Schools

79.5 75.7 55.5 20 40 60 80 100

% Developing Learners and Above Schools

CCRPI - High Schools

FCS GA

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All FCS High Schools All Georgia Elementary Schools Hapeville Charter Career Academy Traditional Comparison Schools

• Sustainability Ratio
• Liquidity Ratio
• Occupancy Expense Ratio
• Debts to Assets Ratio

Financial Performance

 All schools have an annual independent audit conducted  All schools receive Agreed Upon Procedures Audit

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Financial Stability

Sustainability Ratio

Year Amana Chatt Hills Hapeville KIPP South Fulton

Latin Grammar* Latin College Prep*

Main Street 2016

• .58

1.17 4.51 1.00 .91 3.86 2.26 The number of months total unrestricted net assets could cover average monthly

• expenses. Two months is the recommendation by most analysts.

Liquidity Ratio

A higher liquidity ratio measures the ability to repay short-term creditors (liabilities) from cash and other liquid assets (assets). Year Amana Chatt Hills Hapeville KIPP South Fulton

Latin Grammar* Latin College Prep*

Main Street 2016

• 1.0

.17 .92 .84 .09 .32 .20

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*Latin Grammar and Latin College Prep SY 2015/16 first year operation

Financial Stability

Occupancy Expenses Ratio

Year Amana Chatt Hills Hapeville KIPP South Fulton

Latin Grammar* Latin College Prep*

Main Street 2016 16% 12% 11% 5% 3% 2% 10% Indicates the percentage of the charter school total revenue that goes to facility costs. National average is between 15 and 20%.

Debt to Assets Ratio

Measures relationship of total debt (liabilities) to total assets. Debt ratios greater than 1 indicate the charter has more debt than assets. The higher the ratio, the higher the degree of financial risk. Year Amana Chatt Hills Hapeville KIPP South Fulton

Latin Grammar* Latin College Prep*

Main Street 2016 .91 .48 .46

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*Latin Grammar and Latin College Prep SY 2015/16 first year operation

 Petitions are due January 20th We Believe Charter Schools Must:  Add value and address needs not already being met by local schools or the school district  Provide program offerings that are unique and not already provided within the school system  Show ability for financial stability and sustainability  Be community-driven and involve parents rather than for-profit

• rganizations

 Provide a process to learn from past successes and challenges  Performance Framework and Communication Protocol  Interim Compliance and Customer Service Data to Inform SY 17/18

What’s Next?

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