Pinecrest Academy of Nevada

Transcription

1 NOTICE OF PUBLIC MEETING of the Board of Directors of Pinecrest Academy of Nevada Notice is hereby given that the Board of Directors of Pinecrest Academy of Nevada, a public charter school, will conduct a public meeting on April 10, 2018 at 5:30 p.m. at 2840 Via Contessa, Henderson NV The public is invited to attend. Attached hereto is an agenda of all items scheduled to be considered. Unless otherwise stated, the Board Chairperson may 1) take agenda items out of order; 2) combine two or more items for consideration; or 3) remove an item from the agenda or delay discussion related to an item. Reasonable efforts will be made to assist and accommodate physically handicapped persons desiring to attend or participate at the meeting. Any persons requiring assistance is asked to contact Dena Thompson at (702) (dena.thompson@academicanv.com) at least two days prior to the meeting so that arrangements may be conveniently made. Public comment may be limited to three minutes per person at the discretion of the Chairperson. 1

2 AGENDA April 10, 2018 Meeting of the Board of Directors of Pinecrest Academy of Nevada (Action may be taken on those items denoted For Possible Action ) 1. Call to Order and Roll Call (For Possible Action) 2. Public Comment and Discussion (No action may be taken on a matter raised under this item of the agenda until the matter itself has been specifically included on an agenda as an item upon which action will be taken.) 3. Consent Agenda (For Possible Action) a. Minutes from the February 20, 2018 Board Meeting b. Minutes from the March 15, 2108 Telephonic Board Meeting c. Approval of Recommendations from the Finance Committee: 1. School Financial Performance (Not for Action) 2. Approval of the Nevada Financial Framework Results 3. Approval of the Pinecrest Disclosure Policy 4. Approval of the Initial Budget for the 2018/2019 School Year 5. Approval of the Furniture, Fixture, and Equipment Funding Source for the 2018/2019 School Year 6. Approval of Renewing the Vended Meal Agreement with Three Square d. Approval of the Pinecrest Academy of Nevada s 2018/2019 School Calendar 4. Executive Director Update and Principal Reports (For Discussion) 5. Discussion Regarding Nevada School Performance Framework and the Bearing on Amendments and Expansion (For Discussion) 6. Discussion and Possible Action Regarding the Approval of Weighted Lottery Policy (For Possible Action) 7. Approval of the Executive Director s Off-Site Lease Agreement and Necessary Tenant Improvements (For Possible Action) 8. Discussion and Possible Action to Approve the Contract with Academica Nevada (For Possible Action) 2

3 9. Performance Review of Principal Lucy Keaton (For Possible Action) (As this agenda item pertains to personnel matters, the Presiding Board Officer may call for all or a portion of the discussion of this agenda item to be completed in closed session among Board members and requested parties) 10. Discussion and Action Regarding Organizational Structure, Culture, and Administrative Responsibilities within Pinecrest Academy of Nevada (For Possible Action) 11. Public comments and discussion (Action may not be taken on any matter brought up under public comment until scheduled on an agenda for possible action at a later meeting.) (For Discussion) 12. Adjournment (For Possible Action) This notice and agenda has been posted on or before 9 a.m. on the third working day before the meeting at the following locations: (1) Pinecrest Academy of Nevada Horizon 1360 S. Boulder Highway, Henderson, NV (2) Pinecrest Academy of Nevada St. Rose 1385 E. Cactus Ave., Henderson, NV (3) Pinecrest Academy of Nevada Inspirada 2840 Via Contessa, Henderson, NV (4) Pinecrest Academy of Nevada Cadence 225 Grand Cadence, Henderson, NV (5) Henderson City Hall 240 South Water Street, Henderson, NV (6) Las Vegas City Hall 495 S Main St., Las Vegas, NV (7) North Las Vegas City Hall 2250 Las Vegas Blvd. North, North Las Vegas, NV 3

4 PINECREST ACADEMY OF NEVADA Meeting Date: April 10, 2018 Agenda Item: 3 Consent Agenda Number of Enclosures: Supporting Document SUBJECT: Consent Agenda Action Appointments Approval X Consent Agenda Information Public Hearing Regular Adoption Presenter (s): Board Recommendation: Proposed wording for motion/action: Move to approve the items for action on the consent agenda Fiscal Impact: N/A Estimated Length of time for consideration (in minutes): 3-5 minutes Background: Support materials and/or background has been provided to the Board. All items on the Consent Agenda which are for action can be approved in one motion; however, individual items may be taken off the Consent Agenda if the Board deems that discussion is necessary. Submitted By: Staff 4

5 PINECREST ACADEMY OF NEVADA Supporting Document Meeting Date: April 10, 2018 Agenda Item: 3.a Review and Approval of the Minutes from the February 20, 2018 Board Meeting Number of Enclosures: 1 SUBJECT: Approval of Minutes Action Appointments Approval Consent Agenda X Information Public Hearing Regular Adoption Presenter (s): Board Recommendation: Proposed wording for motion/action: Consent Fiscal Impact: N/A Estimated Length of time for consideration (in minutes): 2 minutes Background: A Board meeting was held on February 20, As such, the minutes will need to be approved for this meeting. Submitted By: Staff 5

6 MINUTES of the meeting of the BOARD OF DIRECTORS of PINECREST ACADEMY OF NEVADA February 20, 2018 The Board of Directors of Pinecrest Academy of Nevada held a public meeting on February 20, 2018, at 5:30 pm at 1360 South Boulder Hwy, Henderson NV Call to order and roll call Member Walker called the meeting to order at 5:38 p.m. with a quorum present. In attendance were Board members Randall Walker, Marni Watkins, Travis Keys, Jeffery Cahill, Kacey Thomas, and Craig Seiden (via telephone at 5:41 p.m.). Member Kevin Smoot was not present at this meeting. Also present were Pinecrest Academy Executive Director Carrie Buck, Principals Jessica LeNeave, Lucy Keaton, and Lisa Satory, Assistant Principal Tiffany Bailey, Executive Program Coordinator Jessica Barr, Executive Instructional Coach Gema Liberty, Executive Instructional Coach Bridget Mecham, Executive Digital Coach Ralph Krauss, and Executive Literacy Strategist Tara Fitzgibbons; as well as Academica Representatives Melissa Fries, Arthur Ziev (via telephone), Kyle McOmber, and Trevor Goodsell. 2. Public Comment and Discussion Ms. Christina Reynoso addressed the Board and stated that she had four children who attended Pinecrest; adding that she was very pleased with their academic growth. Ms. Reynoso stated that she was concerned about the discipline policy regarding suspensions. 3. Approval of the Minutes from the January 4, 2018 Telephonic Board Meeting Member Watkins moved to approve the minutes from January 4, 2018, telephonic board meeting. Member Thomas seconded the motion, and the Board voted unanimously to approve. 4. Discussion and Recognition for Teachers Achieving Exceptional Student Growth in the Areas of Reading and Mathematics on the Winter Benchmark Assessment Executive Director Carrie Buck addressed the Board and stated that she was proud to recognize and award thirty-three teachers in the Pinecrest system who had achieved exceptional student growth on the winter benchmark assessments. Principals Jessica LeNeave, Lisa Satory, and Lucy Keaton, and Assistant Principal Tiffany Bailey addressed the Board to introduce the teachers from their campuses and present each with a certificate. Member Walker expressed his appreciation to the teachers on behalf of the Board. 6

7 5. Review of Schools Financial Performance Ms. Melissa Fries addressed the Board and reviewed the financial summary as presented in the support materials. Ms. Fries stated that the total additional revenue was $494,651. Member Watkins asked for clarification regarding the additional revenue. Ms. Fries stated that of the additional revenue, $42, was attributed to SPED Discretionary Units and $757, was attributed to full day kinder funding that was not budgeted for. Member Walker asked if the student enrollment was lower than what was budgeted. Mr. Trevor Goodsell addressed the Board and replied in the affirmative; adding that the decrease in student enrollment was mostly from the middle/high schools. Member Watkins asked if the budget would be tight if the kinder revenue were not available, to which Mr. Goodsell replied in the affirmative. Member Seiden asked if the kindergarten revenue would be a recurring item, to which Mr. Goodsell replied in the negative. Member Watkins asked how the budget could be changed to avoid a dramatic overage, to which Mr. Goodsell replied that it was a per-pupil enrollment issue. Discussion ensued in regards to items that were over and under-budget in the financial summary. Member Walker stated that he would like to see a decrease in the expenditures to create a budget that would be favorable in the financing process to purchase the school buildings. 6. Review and Approval of the Amendment to the Pinecrest Inspirada Lease Agreement This item was tabled. 7. Review and Approval of the Second Amendment to the Pinecrest St. Rose Lease and the Option Agreement for the Pinecrest St. Rose Campus Mr. Arthur Ziev addressed the Board and stated that the documents presented in the support materials were the final documents in addition to the original lease; adding that the purpose of this document was to complete the contract based on actual cost for the total project. Mr. Ziev stated that the project was approximately $10.9 million and the actual project cost was $10.2 million. As a result, the project came to $700,000 below budget. Mr. Ziev stated that a lower cost resulted in lower purchase price; adding that the original purchase price was at approximately $12,943,000 and the actual purchase price was dropped to $11, 871,913. Mr. Ziev further reviewed the second amendment to the Pinecrest St. Rose lease and the option agreement for the Pinecrest St. Rose Campus as presented in the support materials. Member Watkins moved to approve the second amendment to the Pinecrest St. Rose lease and the option agreement for the Pinecrest St. Rose Campus. Member Thomas seconded the motion, and the Board voted unanimously to approve. 8. Executive Director and Principal Reports Executive Director Buck reviewed her report as presented in the support materials. Member Watkins asked if the career day speakers could be available to other schools in the system. Mr. Ralph Krauss addressed the Board and stated that it was open to all campuses; however not all of the campuses signed up to participate. Ms. Bridget Mecham addressed the Board and reviewed the system-wide data as presented in the handout. Member Thomas stated that she had received positive feedback from teachers in regards to how the data was retrieved. Ms. Gema Liberty addressed the Board and reviewed the Master Teacher project as outlined in the handout. Ms. Tara Fitzgibbons addressed the Board and reviewed the Master Teacher Gala as outlined in the handout. Ms. Jessica Barr addressed the Board and reviewed Kindergarten gains as outlined in the handout. 7

8 Principals LeNeave, Keaton, and Satory reviewed the happenings at their campuses as outlined in the support materials. Assistant Principal Tiffany Bailey addressed the Board and reviewed the happenings at Inspirada as outlined in the handout. 9. Discussion and Approval of an Amendment to the Pinecrest Academy Charter to Include Distance Education Programs Mr. Kyle McOmber addressed the Board and stated that the application to provide the Distance Education Program had been submitted; adding that if the application was approved Pinecrest Academy would need to amend the Charter to include the Distance Education Programs. Member Thomas moved to approve Academica Nevada to amend the Pinecrest Academy Charter to include Distance Education Programs. Member Keys seconded the motion, and the Board voted unanimously to approve. 10. Review and Discussion of Revised Principal Evaluation This item was tabled 11. Member Comment Member Watkins stated that she would like to build off of what Inspirada was doing regarding fundraising; adding that the schools could possibly do an Olympic style fundraiser to involve ST Math, Blended Learning, and other competitive events. 12. Public Comment and Discussion There was no request for public comment. 13. Adjournment The meeting was adjourned at 7:15 p.m. Approved on: Secretary of the Board of Directors Pinecrest Academy of Nevada 8

9 PINECREST ACADEMY OF NEVADA Supporting Document Meeting Date: April 10, 2018 Agenda Item: 3.b Review and Approval of the Minutes from the March 15, 2018 Telephonic Board Meeting Number of Enclosures: 1 SUBJECT: Approval of Minutes Action Appointments Approval X Consent Agenda Information Public Hearing Regular Adoption Presenter (s): Board Recommendation: Proposed wording for motion/action: Consent Fiscal Impact: N/A Estimated Length of time for consideration (in minutes): 2 minutes Background: A telephonic Board meeting was held on March 15, As such, the minutes will need to be approved for this meeting. Submitted By: Staff 9

10 MINUTES of the meeting of the BOARD OF DIRECTORS of PINECREST ACADEMY OF NEVADA March 15, 2018 The Board of Directors of Pinecrest Academy of Nevada held a telephonic public meeting on September 11, 2017 at 4:00 p.m. 1. Call to order and roll call Board Secretary Marni Watkins called the meeting to order at 9:25 a.m. with a quorum present. In attendance were Marni Watkins, Travis Keys, Kevin Smoot and Jeff Cahill. Randall Walker, Kacey Thomas and Craig Seiden were not present. All present was Arthur Ziev. 2. Public Comment and Discussion There was no request for public comment. 3. Review and Approval of the Amendment to the Pinecrest Inspirada Lease Agreement Mr. Arthur Ziev addressed the Board and stated that this lease agreement provides for a reduction in the purchase price as a result of actual cost being lower than the projected cost of the building; adding that, if Pinecrest Academy of Nevada did not exercise the option to purchase, the support materials reflected the lower rent payments resulting from the lower lease amount. Member Keys moved to approve the Pinecrest Inspirada lease agreement. Member Smoot seconded the motion, and the Board voted unanimously to approve. 4. Review and Approval of the Amendment to the Pinecrest Cadence Lease Agreement Mr. Ziev stated that the original lease was for the elementary school and a larger middle school than was built pursuant to the approved Second Amendment, and that the actual cost of those two buildouts was $5,230,158 below budget. The Second amendment also included the first half of the high school wing. As a result of the savings and enrollment levels it is possible to complete the high school wing, MPR and Gym without affecting the overall lease as much as originally projected. Member Watkins expressed concern that the increase would affect the overall school budget by $5,000,000. Member Keys explained that the additional costs would be paid over time through the lease payments, and not a onetime budget item. Actual rent cost for year three would only increase by $306,000 and the increased students would add an additional $1,300,000 in revenue. Member Smoot stated that he was concerned that 10 1

11 more high schools were projected for the area and this might affect the number of students enrolling at the Cadence campus. Member Keys stated that he was comfortable that the projected enrollment revenue would be sufficient to cover the lease increase. Member Keys moved to approve the Pinecrest Cadence lease agreement. Member Smoot seconded the motion, and the Board voted unanimously to approve. 5. Public Comments and Discussion There was no request for public comment. 6. Adjournment The meeting was adjourned at 9:37 a.m. Approved on: Secretary of the Board of Directors Pinecrest Academy of Nevada 11 2

12 PINECREST ACADEMY OF NEVADA Supporting Document Meeting Date: April 10, 2018 Agenda Item: 3.c Approval of Recommendations from the Finance Committee Number of Enclosures: 0 SUBJECT: Finance Committee Recommendations Action Appointments Approval X Consent Agenda Information Public Hearing Regular Adoption Presenter (s): Board Recommendation: Proposed wording for motion/action: Fiscal Impact: N/A Estimated Length of time for consideration (in minutes): 0 minutes Background: The Finance Committee held a meeting on April 4, 2018 to discuss any items that impact Pinecrest financially. As a result, the Committee approved recommendations which will be documented as part of the background for each item, so that the Board might approve those items as part of the Consent Agenda if they so choose. Submitted By: Staff 12

13 PINECREST ACADEMY OF NEVADA Supporting Document Meeting Date: April 10, 2018 Agenda Item: 3.c.1 School Financial Performance Number of Enclosures: 3 SUBJECT: Financial Performance Action Appointments Approval X Consent Agenda Information Public Hearing Regular Adoption Presenter (s): Board Recommendation: Proposed wording for motion/action: Fiscal Impact: N/A Estimated Length of time for consideration (in minutes): 0 minutes Background: Review of financial review summary, balance sheet and profit and loss statements, which have been reviewed by the Finance Committee. Submitted By: Staff 13

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15 Database: YTD Comparative Income Statement P&L in Board Budget Format Page: Date: Time: 1 3/29/2018 5:55 PM Accrual Report includes an open period. Entries are not final. Thru: Year-To-Date Actual Budget Feb 2018 Feb 2018 Variance INCOME DSA REVENUE 18,046, ,173, (126,672.98) -0.70% SPED DISCRETIONARY UNIT 703, , , % STATE GRANTS , (136,666.67) % FULL DAY KINDER REVENUE 757, , % SPED PART B FUNDING 4, , (240,295.00) % TOTAL INCOME 19,512, ,124, , % EXPENSES SALARIES SALARIES TEACHERS 5,510, ,905, , % SALARIES OF LONG TERM SUBS 517, , (460,516.29) % CONTRACTED SUBSTITUTE SERVICE 218, , (67,363.01) % BONUSES TEACHERS 15, , , % BONUSES LONG TERM SUBS 2, (2,333.83) 0.00% BONUSES SPED TEACHERS (913.23) 0.00% SALARIES OF SUPPORT STAFF 822, , (626,398.69) % BONUSES SUPPORT STAFF 3, (3,521.47) 0.00% SALARIES OF GENERAL ADMIN 669, , (210,906.80) % BONUSES GENERAL ADMIN 2, (2,638.24) 0.00% SALARIES OF LICENSED ADMIN 867, , (50,014.78) -6.12% BONUSES LICENSED ADMIN 4, (4,236.45) 0.00% SALARIES OF CAMPUS MONITORS 1, , , % TOTAL SALARIES 8,636, ,911, (725,873.78) -9.18% BENEFITS CONTRACTED BENEFITS 51, (51,845.18) 0.00% INSURANCE TEACHERS 281, (281,543.73) 0.00% INSURANCE LONG TERM SUBS 23, (23,858.46) 0.00% FICA TEACHERS 3, (1,866.88) (5,721.35) % FICA LONG TERM SUBS (38.06) 0.00% 15

16 Database: YTD Comparative Income Statement P&L in Board Budget Format Page: Date: Time: 2 3/29/2018 5:55 PM Accrual Report includes an open period. Entries are not final. Thru: Year-To-Date Actual Budget Feb 2018 Feb 2018 Variance PERS TEACHERS 1,089, ,653, , % PERS LONG TERM SUBS 91, , (75,699.25) % MEDICARE TEACHERS 73, , , % MEDICARE LONG TERM SUBS 6, (6,163.71) % UNEMPLOYMENT TEACHERS 4, (4,951.14) 0.00% SUI TEACHERS 55, , , % FUTA TEACHERS 11, , , % WORKERS COMP TEACHERS 22, , , % WORKERS COMP LONG TERM SUBS 2, (2,254.04) % HEALTH BENEFITS TEACHERS 172, , , % UNEMPLOYMENT - LONG TERM SUBS (801.75) 0.00% HEALTH BENEFITS LONG TERM SUBS 17, , (12,169.11) % SUTA - LONG TERM SUBS 6, (6,518.62) 0.00% FUTA - LONG TERM SUBS 1, (1,346.86) 0.00% FICA SUPPORT STAFF 4, (4,982.92) 0.00% PERS SUPPORT STAFF 130, , (75,026.74) % MEDICARE SUPPORT STAFF 11, , (8,448.65) % SUI SUPPORT STAFF 14, , (8,634.75) % FUTA SUPPORT STAFF 2, , (1,242.32) % UNEMPLOYMENT SUPPORT STAFF 1, (1,642.04) 0.00% WORKERS COMP SUPPORT STAFF 4, , (2,981.67) % HEALTH BENEFITS SUPPORT STAFF 13, , , % INSURANCE GENERAL ADMIN 46, (46,798.30) 0.00% FICA GENERAL ADMIN (107.80) 0.00% PERS GENERAL ADMIN 150, , (21,833.27) % MEDICARE GENERAL ADMIN 9, , (2,739.90) % SUI GENERAL ADMIN 6, , , % FUTA GEN. ADMIN 1, , , % UNEMPLOYMENT GENERAL ADMIN (434.98) 0.00% WORKERS COMP GENERAL ADMIN 2, , % HEALTH BENEFITS GENERAL ADMIN 23, , , % INSURANCE LICENSED ADMIN 25, (25,509.78) 0.00% FICA LICENSED ADMIN , , % PERS LICENSED ADMIN 199, , , % MEDICARE LICENSED ADMIN 10, , , % SUI LICS. ADMIN 6, , , % FUTA LIC. ADMIN , , % UNEMPLOYMENT LICENSED ADMIN (242.38) 0.00% 16

17 Database: YTD Comparative Income Statement P&L in Board Budget Format Page: Date: Time: 3 3/29/2018 5:55 PM Accrual Report includes an open period. Entries are not final. Thru: Year-To-Date Actual Budget Feb 2018 Feb 2018 Variance WORKERS COMP LICENSED ADMIN 1, , , % HEALTH BENEFITS LICENSED ADMIN 14, , , % INSURANCE CAMPUS MONITORS (158.44) 0.00% FICA CAMPUS MONITORS (26.46) 0.00% PERS CAMPUS MONITORS , , % MEDICARE CAMPUS MONITORS , , % SUI CAMPUS MONITORS , , % FUTA CAMPUS MONITORS % WORKERS COMP CAMPUS MONITORS % HEALTH BENEFITS CAMPUS MONITORS , , % TOTAL BENEFITS 2,603, ,319, , % TUITION REIMBURSEMENT TUITION REIMBURSEMENT TEACHERS 4, , , % TUITION REIMBURSEMENT LICENSED ADMIN 4, (4,520.58) 0.00% TOTAL SALARIES AND BENEFITS 11,240, ,230, (10,380.07) -0.09% SPECIAL EDUCATION SPED TEACHER SALARIES 330, , , % SALARIES OF SUPPORT STAFF SPED 5, , , % BONUSES SPED TEACHERS (913.23) 0.00% INSURANCE SPED TEACHERS 14, (14,889.14) 0.00% FICA SPED TEACHERS (890.46) 0.00% PERS SPED TEACHERS 60, , , % PERS SUPPORT STAFF SPED , , % MEDICARE SPED TEACHERS 4, , , % MEDICARE SUPPORT STAFF SPED , , % UNEMPLOYMENT SPED TEACHERS (441.16) 0.00% SUI SPED 4, , , % FUTA SPED , , % WORKERS COMP SPED TEACHERS 1, , , % WORKERS COMP SUPPORT STAFF SPED , , % HEALTH BENEFITS SPED TEACHERS 10, , , % 17

18 Database: YTD Comparative Income Statement P&L in Board Budget Format Page: Date: Time: 4 3/29/2018 5:55 PM Accrual Report includes an open period. Entries are not final. Thru: Year-To-Date Actual Budget Feb 2018 Feb 2018 Variance HEALTH BENEFITS SUPPORT STAFF SPED , , % SPED CONTRACTED SERVICES 478, , (199,144.90) % TRAVEL SPED TEACHERS (844.84) 0.00% SPED SUPPLIES 4, , , % SPED ASSESSMENT AND TESTING MATERIALS 7, (7,947.05) 0.00% CONSUMABLES SPED (723.90) 0.00% TOTAL SPECIAL EDUCATION 928, ,328, , % FOOD SERVICES FOOD SERVICES FEDERAL PROGRAM 56, , (42,800.93) % FOOD SERVICES PRIVATE PROGRAM 1, (1,737.77) 0.00% TOTAL FOOD SERVICES 57, , (44,538.70) % INSTRUCTIONAL SUPPLIES GENERAL CLASSROOM SUPPLIES 37, , , % COPIER SUPPLIES 11, , , % ASSESSMENT AND TESTING MATERIALS 11, , (4,626.49) % INSTRUCTIONAL - FURNITURE AND EQUIPMENT PU 14, (14,200.74) 0.00% CONSUMABLES 53, , , % TEXTBOOKS / CURRICULUM 145, (145,458.17) 0.00% SOFTWARE 90, (90,886.67) 0.00% COMPUTER PURCHASES 24, (24,573.58) 0.00% IT SUPPLIES 11, (11,033.52) 0.00% POSTAGE 4, , (1,953.13) % OFFICE SUPPLIES 28, , , % NURSING SUPPLIES 4, , , % TOTAL INSTRUCTIONAL SUPPLIES 436, , (130,652.15) % TRAINING & DEVELOPMENT / TRAVEL AFFILIATION FEE - TRAINING 103, , (7,858.07) -8.21% TRAINING & DEVELOPMENT 30, (30,938.08) 0.00% 18

19 Database: YTD Comparative Income Statement P&L in Board Budget Format Page: Date: Time: 5 3/29/2018 5:55 PM Accrual Report includes an open period. Entries are not final. Thru: Year-To-Date Actual Budget Feb 2018 Feb 2018 Variance TRAVEL TEACHERS 9, (9,790.09) 0.00% TRAVEL SPED TEACHERS (844.84) 0.00% TRAVEL LICENSED ADMIN 1, , , % TOTAL TRAINING & DEVELOPMENT / TRAVEL 146, , (26,104.60) % CONTRACTED SERVICES COPIER FEES MONTHLY 121, , , % COPIER FEES OVERAGE 11, (11,806.86) 0.00% PAYROLL SERVICE FEES 61, , (8,944.30) % IT SERVICES MONTHLY 125, , (5,136.50) -4.27% IT SET UP FEES 8, , , % INFINITE CAMPUS , , % AUDIT AND TAX SERVICES 32, , (12,060.00) % LEGAL FEES 1, , , % PROFESSIONAL FEES 25, (25,072.00) 0.00% MANAGEMENT FEES 1,214, ,288, , % AFFILIATION FEE - INC. 95, , % STATE ADMINISTRATIVE FEES 270, , , % TOTAL CONTRACTED SERVICES 1,968, ,036, , % OTHER EXPENSES BACKGROUND/DRUG TEST 3, , % ADVERTISING/MARKETING 8, (8,408.16) 0.00% PRINTING AND BINDING EXPENSES 4, (4,267.41) 0.00% WEB SITE EXPENDITURES 7, , , % DUES AND FEES 15, , (1,930.51) % INTEREST EXPENSE 46, , (9,428.25) % BANK FEES (8.00) 0.00% ATHLETICS 12, , , % TOTAL OTHER EXPENSES 97, , (12,596.32) % FACILITY MAINTENANCE 19

20 Database: YTD Comparative Income Statement P&L in Board Budget Format Page: Date: Time: 6 3/29/2018 5:55 PM Accrual Report includes an open period. Entries are not final. Thru: Year-To-Date Actual Budget Feb 2018 Feb 2018 Variance IT REPAIRS AND MAINTENANCE 2, (2,825.92) 0.00% JANITORAL MONTHLY FEES 205, , (29,008.90) % JANITORAL ADDITIONAL SERVICES 10, (10,776.20) 0.00% REPAIRS AND MAINTENANCE 151, , (62,867.02) % AC REPAIRS AND MAINTENANCE 28, , , % LAWN CARE 39, , (15,864.00) % SUMMER MAINTENANCE 7, , , % CUSTODIAL SUPPLIES 63, , (4,530.58) -7.68% TOTAL FACILITY MAINTENANCE 508, , (81,620.81) % FACILITIES OPERATIONS PROPERTY INSURANCE 82, (82,724.38) 0.00% LIABILITY INSURANCE 10, , , % OTHER INSURANCES , , % RENT/LEASE PAYMENTS 2,485, ,486, % TOTAL FACILITIES OPERATIONS 2,579, ,635, , % UTILITIES AND SERVICES WATER 41, , (9,783.88) % SEWER 18, , , % GARBAGE/DISPOSAL/TRASH 45, , , % ALARM SERVICES 10, , (5,542.96) % FIRE SERVICES 14, , (10,137.06) % TELEPHONE 48, , (22,911.14) % INTERNET 12, , , % NATURAL GAS 3, (3,356.51) 0.00% ELECTRICITY 252, , (62,636.84) % TOTAL UTILITIES AND SERVICES 447, , (71,049.54) % ADJUSTING ENTRIES DEPRECIATION EXPENSE 575, , % 20

21 Database: YTD Comparative Income Statement P&L in Board Budget Format Page: Date: Time: 7 3/29/2018 5:55 PM Accrual Report includes an open period. Entries are not final. Thru: Year-To-Date Actual Budget Feb 2018 Feb 2018 Variance TOTAL ADJUSTING ENTRIES 575, , TOTAL EXPENSES 18,986, ,134, , % NET INCOME 526, (9,698.48) 535, % 21

22 Database: ENTITY: Accrual 002 YTD Comparative Income Statement P&L in Board Budget Format Pinecrest Academy of Nevada Horizon Campus Page: Date: Time: 1 3/29/2018 5:57 PM Report includes an open period. Entries are not final. Thru: Year-To-Date Actual Budget Feb 2018 Feb 2018 Variance INCOME DSA REVENUE 3,836, ,863, (26,924.94) -0.70% SPED DISCRETIONARY UNIT 149, , (26,406.34) % FULL DAY KINDER REVENUE 189, , % SPED PART B FUNDING 1, , (73,166.52) % TOTAL INCOME 4,176, ,113, , % EXPENSES SALARIES SALARIES TEACHERS 1,058, ,211, , % SALARIES OF LONG TERM SUBS 235, , (221,742.30) % CONTRACTED SUBSTITUTE SERVICE 49, , (19,421.50) % BONUSES TEACHERS 1, , , % BONUSES LONG TERM SUBS 1, (1,217.64) 0.00% BONUSES SPED TEACHERS (405.88) 0.00% SALARIES OF SUPPORT STAFF 144, , (101,484.46) % BONUSES SUPPORT STAFF (405.92) 0.00% SALARIES OF GENERAL ADMIN 119, , (33,184.55) % BONUSES GENERAL ADMIN (355.16) 0.00% SALARIES OF LICENSED ADMIN 167, , (3,609.67) -2.20% BONUSES LICENSED ADMIN 1, (1,014.72) 0.00% SALARIES OF CAMPUS MONITORS , , % TOTAL SALARIES 1,781, ,616, (164,878.42) % BENEFITS CONTRACTED BENEFITS 7, (7,654.47) 0.00% INSURANCE TEACHERS 58, (58,728.72) 0.00% INSURANCE LONG TERM SUBS 12, (12,389.45) 0.00% FICA TEACHERS (16,536.00) (17,146.51) % PERS TEACHERS 214, , , % PERS LONG TERM SUBS 47, , (43,906.58) % 22

23 Database: ENTITY: Accrual 002 YTD Comparative Income Statement P&L in Board Budget Format Pinecrest Academy of Nevada Horizon Campus Page: Date: Time: 2 3/29/2018 5:57 PM Report includes an open period. Entries are not final. Thru: Year-To-Date Actual Budget Feb 2018 Feb 2018 Variance MEDICARE TEACHERS 14, , , % MEDICARE LONG TERM SUBS 3, (3,108.29) % UNEMPLOYMENT TEACHERS 1, (1,064.66) 0.00% SUI TEACHERS 10, , , % FUTA TEACHERS 2, , , % WORKERS COMP TEACHERS 4, , , % WORKERS COMP LONG TERM SUBS 1, (1,140.64) % HEALTH BENEFITS TEACHERS 35, , , % UNEMPLOYMENT - LONG TERM SUBS (294.78) 0.00% HEALTH BENEFITS LONG TERM SUBS 7, , (6,349.92) % SUTA - LONG TERM SUBS 2, (2,601.62) 0.00% FUTA - LONG TERM SUBS (593.77) 0.00% PERS SUPPORT STAFF 22, , (10,555.59) % MEDICARE SUPPORT STAFF 1, (1,353.38) % SUI SUPPORT STAFF 3, , (1,874.00) % FUTA SUPPORT STAFF (141.49) % UNEMPLOYMENT SUPPORT STAFF (301.14) 0.00% WORKERS COMP SUPPORT STAFF (448.49) % HEALTH BENEFITS SUPPORT STAFF 1, , , % INSURANCE GENERAL ADMIN 18, (18,416.79) 0.00% PERS GENERAL ADMIN 18, , , % MEDICARE GENERAL ADMIN 1, , (432.99) % SUI GENERAL ADMIN 1, , , % FUTA GEN. ADMIN % UNEMPLOYMENT GENERAL ADMIN (96.25) 0.00% WORKERS COMP GENERAL ADMIN (246.12) % HEALTH BENEFITS GENERAL ADMIN 4, , , % INSURANCE LICENSED ADMIN 5, (5,646.83) 0.00% PERS LICENSED ADMIN 46, , (1,013.62) -2.21% MEDICARE LICENSED ADMIN 2, , % SUI LICS. ADMIN 1, , , % FUTA LIC. ADMIN % UNEMPLOYMENT LICENSED ADMIN (71.10) 0.00% WORKERS COMP LICENSED ADMIN , % HEALTH BENEFITS LICENSED ADMIN 2, , , % PERS CAMPUS MONITORS , , % MEDICARE CAMPUS MONITORS % SUI CAMPUS MONITORS % 23

24 Database: ENTITY: Accrual 002 YTD Comparative Income Statement P&L in Board Budget Format Pinecrest Academy of Nevada Horizon Campus Page: Date: Time: 3 3/29/2018 5:57 PM Report includes an open period. Entries are not final. Thru: Year-To-Date Actual Budget Feb 2018 Feb 2018 Variance FUTA CAMPUS MONITORS % WORKERS COMP CAMPUS MONITORS % HEALTH BENEFITS CAMPUS MONITORS % TOTAL BENEFITS 561, , , % TUITION REIMBURSEMENT TUITION REIMBURSEMENT TEACHERS , , % TUITION REIMBURSEMENT LICENSED ADMIN 1, (1,220.58) 0.00% TOTAL SALARIES AND BENEFITS 2,343, ,277, (65,333.64) -2.87% SPECIAL EDUCATION SPED TEACHER SALARIES 134, , (11,580.21) -9.45% SALARIES OF SUPPORT STAFF SPED , , % BONUSES SPED TEACHERS (405.88) 0.00% INSURANCE SPED TEACHERS 6, (6,172.48) 0.00% FICA SPED TEACHERS (228.84) 0.00% PERS SPED TEACHERS 21, , , % PERS SUPPORT STAFF SPED , , % MEDICARE SPED TEACHERS 1, , (109.66) -6.17% MEDICARE SUPPORT STAFF SPED % UNEMPLOYMENT SPED TEACHERS (187.83) 0.00% SUI SPED 2, , , % FUTA SPED % WORKERS COMP SPED TEACHERS % WORKERS COMP SUPPORT STAFF SPED % HEALTH BENEFITS SPED TEACHERS 2, , , % HEALTH BENEFITS SUPPORT STAFF SPED , , % SPED CONTRACTED SERVICES 121, , (58,755.51) % SPED SUPPLIES , , % SPED ASSESSMENT AND TESTING MATERIALS (788.84) 0.00% CONSUMABLES SPED (723.90) 0.00% TOTAL SPECIAL EDUCATION 293, , , % 24

25 Database: ENTITY: Accrual 002 YTD Comparative Income Statement P&L in Board Budget Format Pinecrest Academy of Nevada Horizon Campus Page: Date: Time: 4 3/29/2018 5:57 PM Report includes an open period. Entries are not final. Thru: Year-To-Date Actual Budget Feb 2018 Feb 2018 Variance FOOD SERVICES FOOD SERVICES FEDERAL PROGRAM 23, , (20,106.20) % TOTAL FOOD SERVICES 23, , (20,106.20) % INSTRUCTIONAL SUPPLIES GENERAL CLASSROOM SUPPLIES 5, , , % COPIER SUPPLIES 3, , (834.32) % ASSESSMENT AND TESTING MATERIALS 2, , (1,513.27) % INSTRUCTIONAL - FURNITURE AND EQUIPMENT PU 4, (4,662.58) 0.00% CONSUMABLES , , % TEXTBOOKS / CURRICULUM 33, (33,814.51) 0.00% SOFTWARE 18, (18,364.66) 0.00% COMPUTER PURCHASES (47.47) 0.00% IT SUPPLIES 1, (1,006.11) 0.00% POSTAGE 2, (2,292.94) % OFFICE SUPPLIES 9, , (4,502.20) % NURSING SUPPLIES , % TOTAL INSTRUCTIONAL SUPPLIES 83, , (15,782.27) % TRAINING & DEVELOPMENT / TRAVEL AFFILIATION FEE - TRAINING 13, , , % TRAINING & DEVELOPMENT 3, (3,712.53) 0.00% TRAVEL TEACHERS 5, (5,980.15) 0.00% TRAVEL LICENSED ADMIN , , % TOTAL TRAINING & DEVELOPMENT / TRAVEL 23, , , % CONTRACTED SERVICES COPIER FEES MONTHLY 19, , , % COPIER FEES OVERAGE 11, (11,806.86) 0.00% PAYROLL SERVICE FEES 12, , (991.57) -8.44% 25

26 Database: ENTITY: Accrual 002 YTD Comparative Income Statement P&L in Board Budget Format Pinecrest Academy of Nevada Horizon Campus Page: Date: Time: 5 3/29/2018 5:57 PM Report includes an open period. Entries are not final. Thru: Year-To-Date Actual Budget Feb 2018 Feb 2018 Variance IT SERVICES MONTHLY 26, , (1,259.59) -4.93% IT SET UP FEES 1, , , % INFINITE CAMPUS , , % AUDIT AND TAX SERVICES 7, , (2,102.72) % LEGAL FEES , , % PROFESSIONAL FEES (54.00) 0.00% MANAGEMENT FEES 274, , (208.25) -0.08% AFFILIATION FEE - INC. 20, , % STATE ADMINISTRATIVE FEES 57, , , % TOTAL CONTRACTED SERVICES 430, , % OTHER EXPENSES BACKGROUND/DRUG TEST , % ADVERTISING/MARKETING (970.76) 0.00% PRINTING AND BINDING EXPENSES (85.00) 0.00% WEB SITE EXPENDITURES , , % DUES AND FEES 2, , % INTEREST EXPENSE 7, , , % ATHLETICS (103.99) 0.00% TOTAL OTHER EXPENSES 13, , , % FACILITY MAINTENANCE IT REPAIRS AND MAINTENANCE (410.12) 0.00% JANITORAL MONTHLY FEES 34, , (3,308.84) % JANITORAL ADDITIONAL SERVICES 2, (2,809.70) 0.00% REPAIRS AND MAINTENANCE 24, , , % AC REPAIRS AND MAINTENANCE 14, , (4,324.25) % LAWN CARE 7, , (1,964.00) % SUMMER MAINTENANCE 1, , , % CUSTODIAL SUPPLIES 15, , , % TOTAL FACILITY MAINTENANCE 102, , , % FACILITIES OPERATIONS 26

27 Database: ENTITY: Accrual 002 YTD Comparative Income Statement P&L in Board Budget Format Pinecrest Academy of Nevada Horizon Campus Page: Date: Time: 6 3/29/2018 5:57 PM Report includes an open period. Entries are not final. Thru: Year-To-Date Actual Budget Feb 2018 Feb 2018 Variance PROPERTY INSURANCE 15, (15,531.16) 0.00% LIABILITY INSURANCE 10, , , % OTHER INSURANCES , , % RENT/LEASE PAYMENTS 557, , , % TOTAL FACILITIES OPERATIONS 583, , , % UTILITIES AND SERVICES WATER 14, , (6,240.23) % SEWER , , % GARBAGE/DISPOSAL/TRASH 11, , , % ALARM SERVICES 1, , (187.00) % FIRE SERVICES 4, , (3,452.75) % TELEPHONE 10, , (4,517.87) % INTERNET (248.27) 6, , % NATURAL GAS 3, (3,356.51) 0.00% ELECTRICITY 76, , (28,023.44) % TOTAL UTILITIES AND SERVICES 121, , (27,224.53) % ADJUSTING ENTRIES DEPRECIATION EXPENSE 38, , % TOTAL ADJUSTING ENTRIES 38, , TOTAL EXPENSES 4,056, ,035, (21,827.92) -0.54% NET INCOME 119, , , % 27

28 Database: ENTITY: Accrual 002 YTD Comparative Income Statement P&L in Board Budget Format Pinecrest Academy of Nevada Horizon Campus Page: Date: Time: 7 3/29/2018 5:57 PM Report includes an open period. Entries are not final. Thru: Year-To-Date Actual Budget Feb 2018 Feb 2018 Variance 28

29 Database: ENTITY: Accrual 008 YTD Comparative Income Statement P&L in Board Budget Format Pinecrest Academy of Nevada St. Rose Campus Page: Date: Time: 8 3/29/2018 5:57 PM Report includes an open period. Entries are not final. Thru: Year-To-Date Actual Budget Feb 2018 Feb 2018 Variance INCOME DSA REVENUE 4,235, ,265, (29,729.15) -0.70% SPED DISCRETIONARY UNIT 165, , , % FULL DAY KINDER REVENUE 189, , % SPED PART B FUNDING 1, , (48,062.45) % TOTAL INCOME 4,591, ,419, , % EXPENSES SALARIES SALARIES TEACHERS 1,307, ,325, , % SALARIES OF LONG TERM SUBS 25, , (11,388.23) % CONTRACTED SUBSTITUTE SERVICE 50, , (17,649.50) % BONUSES TEACHERS 4, , , % BONUSES LONG TERM SUBS (152.21) 0.00% BONUSES SPED TEACHERS (304.41) 0.00% SALARIES OF SUPPORT STAFF 154, , (111,090.61) % BONUSES SUPPORT STAFF (666.44) 0.00% SALARIES OF GENERAL ADMIN 229, , (136,197.34) % BONUSES GENERAL ADMIN (887.87) 0.00% SALARIES OF LICENSED ADMIN 182, , , % BONUSES LICENSED ADMIN (761.04) 0.00% SALARIES OF CAMPUS MONITORS , , % TOTAL SALARIES 1,957, ,767, (190,177.04) % BENEFITS CONTRACTED BENEFITS 7, (7,337.07) 0.00% INSURANCE TEACHERS 61, (61,052.01) 0.00% INSURANCE LONG TERM SUBS (213.41) 0.00% FICA TEACHERS , , % PERS TEACHERS 250, , , % PERS LONG TERM SUBS 3, , % 29

30 Database: ENTITY: Accrual 008 YTD Comparative Income Statement P&L in Board Budget Format Pinecrest Academy of Nevada St. Rose Campus Page: Date: Time: 9 3/29/2018 5:57 PM Report includes an open period. Entries are not final. Thru: Year-To-Date Actual Budget Feb 2018 Feb 2018 Variance MEDICARE TEACHERS 18, , % MEDICARE LONG TERM SUBS (164.50) % UNEMPLOYMENT TEACHERS 1, (1,286.58) 0.00% SUI TEACHERS 12, , , % FUTA TEACHERS 2, , , % WORKERS COMP TEACHERS 5, , , % WORKERS COMP LONG TERM SUBS (29.44) % HEALTH BENEFITS TEACHERS 49, , , % UNEMPLOYMENT - LONG TERM SUBS (64.10) 0.00% HEALTH BENEFITS LONG TERM SUBS , % SUTA - LONG TERM SUBS (403.78) 0.00% FUTA - LONG TERM SUBS (119.18) 0.00% FICA SUPPORT STAFF (540.45) 0.00% PERS SUPPORT STAFF 23, , (10,668.17) % MEDICARE SUPPORT STAFF 2, (1,518.63) % SUI SUPPORT STAFF 2, , (1,386.47) % FUTA SUPPORT STAFF (100.67) % UNEMPLOYMENT SUPPORT STAFF (320.82) 0.00% WORKERS COMP SUPPORT STAFF (508.33) % HEALTH BENEFITS SUPPORT STAFF 3, , % INSURANCE GENERAL ADMIN 16, (16,304.21) 0.00% PERS GENERAL ADMIN 48, , (21,853.54) % MEDICARE GENERAL ADMIN 3, , (1,724.50) % SUI GENERAL ADMIN 1, , , % FUTA GEN. ADMIN % UNEMPLOYMENT GENERAL ADMIN (115.03) 0.00% WORKERS COMP GENERAL ADMIN (26.84) -3.57% HEALTH BENEFITS GENERAL ADMIN 10, , (892.24) -9.58% INSURANCE LICENSED ADMIN 4, (4,615.74) 0.00% FICA LICENSED ADMIN (552.66) 0.00% PERS LICENSED ADMIN 36, , , % MEDICARE LICENSED ADMIN 1, , % SUI LICS. ADMIN , , % FUTA LIC. ADMIN , , % WORKERS COMP LICENSED ADMIN , , % HEALTH BENEFITS LICENSED ADMIN 3, , , % PERS CAMPUS MONITORS , , % MEDICARE CAMPUS MONITORS % 30

31 Database: ENTITY: Accrual 008 YTD Comparative Income Statement P&L in Board Budget Format Pinecrest Academy of Nevada St. Rose Campus Page: Date: Time: 10 3/29/2018 5:57 PM Report includes an open period. Entries are not final. Thru: Year-To-Date Actual Budget Feb 2018 Feb 2018 Variance SUI CAMPUS MONITORS % FUTA CAMPUS MONITORS % WORKERS COMP CAMPUS MONITORS % HEALTH BENEFITS CAMPUS MONITORS % TOTAL BENEFITS 576, , , % TUITION REIMBURSEMENT TUITION REIMBURSEMENT TEACHERS 1, , , % TOTAL SALARIES AND BENEFITS 2,534, ,514, (19,992.23) -0.80% SPECIAL EDUCATION SPED TEACHER SALARIES 86, , , % SALARIES OF SUPPORT STAFF SPED , , % BONUSES SPED TEACHERS (304.41) 0.00% INSURANCE SPED TEACHERS 4, (4,679.98) 0.00% PERS SPED TEACHERS 18, , , % PERS SUPPORT STAFF SPED , , % MEDICARE SPED TEACHERS 1, , % MEDICARE SUPPORT STAFF SPED % UNEMPLOYMENT SPED TEACHERS (115.45) 0.00% SUI SPED 1, , , % FUTA SPED % WORKERS COMP SPED TEACHERS % WORKERS COMP SUPPORT STAFF SPED % HEALTH BENEFITS SPED TEACHERS 3, , , % HEALTH BENEFITS SUPPORT STAFF SPED , , % SPED CONTRACTED SERVICES 106, , (35,904.59) % SPED SUPPLIES 2, , , % SPED ASSESSMENT AND TESTING MATERIALS 3, (3,275.54) 0.00% TOTAL SPECIAL EDUCATION 229, , , % FOOD SERVICES 31

32 Database: ENTITY: Accrual 008 YTD Comparative Income Statement P&L in Board Budget Format Pinecrest Academy of Nevada St. Rose Campus Page: Date: Time: 11 3/29/2018 5:57 PM Report includes an open period. Entries are not final. Thru: Year-To-Date Actual Budget Feb 2018 Feb 2018 Variance FOOD SERVICES FEDERAL PROGRAM 13, , (10,061.73) % TOTAL FOOD SERVICES 13, , (10,061.73) % INSTRUCTIONAL SUPPLIES GENERAL CLASSROOM SUPPLIES 7, , , % COPIER SUPPLIES 3, , % ASSESSMENT AND TESTING MATERIALS 2, , (1,006.60) % INSTRUCTIONAL - FURNITURE AND EQUIPMENT PU (5,168.05) , % CONSUMABLES 4, , , % TEXTBOOKS / CURRICULUM 29, (29,397.85) 0.00% SOFTWARE 22, (22,380.13) 0.00% COMPUTER PURCHASES (302.55) 0.00% IT SUPPLIES 4, (4,256.19) 0.00% POSTAGE % OFFICE SUPPLIES 3, , , % NURSING SUPPLIES , % TOTAL INSTRUCTIONAL SUPPLIES 74, , , % TRAINING & DEVELOPMENT / TRAVEL AFFILIATION FEE - TRAINING 24, , (2,400.45) % TRAINING & DEVELOPMENT 9, (9,453.67) 0.00% TRAVEL TEACHERS (600.97) 0.00% TRAVEL LICENSED ADMIN , , % TOTAL TRAINING & DEVELOPMENT / TRAVEL 34, , (8,455.09) % CONTRACTED SERVICES COPIER FEES MONTHLY 22, , , % PAYROLL SERVICE FEES 12, , (394.21) -3.18% IT SERVICES MONTHLY 29, , (1,724.90) -6.11% IT SET UP FEES , , % INFINITE CAMPUS , , % 32

33 Database: ENTITY: Accrual 008 YTD Comparative Income Statement P&L in Board Budget Format Pinecrest Academy of Nevada St. Rose Campus Page: Date: Time: 12 3/29/2018 5:57 PM Report includes an open period. Entries are not final. Thru: Year-To-Date Actual Budget Feb 2018 Feb 2018 Variance AUDIT AND TAX SERVICES 7, , (2,959.10) % LEGAL FEES 1, , , % PROFESSIONAL FEES 2, (2,850.00) 0.00% MANAGEMENT FEES 309, , (7,448.05) -2.46% AFFILIATION FEE - INC. 22, , % STATE ADMINISTRATIVE FEES 63, , , % TOTAL CONTRACTED SERVICES 473, , (1,292.63) -0.27% OTHER EXPENSES BACKGROUND/DRUG TEST , % ADVERTISING/MARKETING 3, (3,577.28) 0.00% PRINTING AND BINDING EXPENSES (946.45) 0.00% WEB SITE EXPENDITURES , , % DUES AND FEES 3, , (377.14) % INTEREST EXPENSE 13, (13,248.02) 0.00% TOTAL OTHER EXPENSES 22, , (14,393.48) % FACILITY MAINTENANCE IT REPAIRS AND MAINTENANCE (44.02) 0.00% JANITORAL MONTHLY FEES 46, , (7,813.20) % JANITORAL ADDITIONAL SERVICES 2, (2,406.87) 0.00% REPAIRS AND MAINTENANCE 32, , (15,522.11) % AC REPAIRS AND MAINTENANCE 4, , , % LAWN CARE 8, , (2,764.00) % SUMMER MAINTENANCE , , % CUSTODIAL SUPPLIES 10, , (1,885.43) % TOTAL FACILITY MAINTENANCE 104, , (15,134.13) % FACILITIES OPERATIONS PROPERTY INSURANCE 18, (18,176.61) 0.00% LIABILITY INSURANCE , , % 33

34 Database: ENTITY: Accrual 008 YTD Comparative Income Statement P&L in Board Budget Format Pinecrest Academy of Nevada St. Rose Campus Page: Date: Time: 13 3/29/2018 5:57 PM Report includes an open period. Entries are not final. Thru: Year-To-Date Actual Budget Feb 2018 Feb 2018 Variance OTHER INSURANCES , , % RENT/LEASE PAYMENTS 571, , (8,194.78) -1.45% TOTAL FACILITIES OPERATIONS 590, , , % UTILITIES AND SERVICES WATER 12, , (5,517.84) % SEWER 16, , (9,649.17) % GARBAGE/DISPOSAL/TRASH 9, , , % ALARM SERVICES , % FIRE SERVICES , % TELEPHONE 11, , (4,948.99) % INTERNET (32.38) 6, , % ELECTRICITY 46, , (2,253.44) -5.12% TOTAL UTILITIES AND SERVICES 97, , (9,931.21) % ADJUSTING ENTRIES DEPRECIATION EXPENSE 171, , % TOTAL ADJUSTING ENTRIES 171, , TOTAL EXPENSES 4,346, ,324, (21,771.10) -0.50% NET INCOME 244, , , % 34

35 Database: ENTITY: Accrual 009 YTD Comparative Income Statement P&L in Board Budget Format Pinecrest Academy of Nevada Inspirada Campus Page: Date: Time: 14 3/29/2018 5:57 PM Report includes an open period. Entries are not final. Thru: Year-To-Date Actual Budget Feb 2018 Feb 2018 Variance INCOME DSA REVENUE 4,491, ,523, (31,530.85) -0.70% SPED DISCRETIONARY UNIT 175, , , % FULL DAY KINDER REVENUE 189, , % SPED PART B FUNDING 1, , (45,495.62) % TOTAL INCOME 4,857, ,680, , % EXPENSES SALARIES SALARIES TEACHERS 1,373, ,409, , % SALARIES OF LONG TERM SUBS 76, , (62,496.04) % CONTRACTED SUBSTITUTE SERVICE 63, , (27,727.51) % BONUSES TEACHERS 3, , , % BONUSES LONG TERM SUBS (152.22) 0.00% BONUSES SPED TEACHERS (202.94) 0.00% SALARIES OF SUPPORT STAFF 127, , (83,891.69) % BONUSES SUPPORT STAFF (507.40) 0.00% SALARIES OF GENERAL ADMIN 116, , (24,766.22) % BONUSES GENERAL ADMIN (481.98) 0.00% SALARIES OF LICENSED ADMIN 204, , (4,204.26) -2.10% BONUSES LICENSED ADMIN (507.36) 0.00% SALARIES OF CAMPUS MONITORS 1, , , % TOTAL SALARIES 1,969, ,867, (102,116.13) -5.47% BENEFITS CONTRACTED BENEFITS 17, (17,191.41) 0.00% INSURANCE TEACHERS 78, (78,618.41) 0.00% INSURANCE LONG TERM SUBS (136.21) 0.00% FICA TEACHERS 1, , , % FICA LONG TERM SUBS (38.06) 0.00% PERS TEACHERS 283, , , % 35

36 Database: ENTITY: Accrual 009 YTD Comparative Income Statement P&L in Board Budget Format Pinecrest Academy of Nevada Inspirada Campus Page: Date: Time: 15 3/29/2018 5:57 PM Report includes an open period. Entries are not final. Thru: Year-To-Date Actual Budget Feb 2018 Feb 2018 Variance PERS LONG TERM SUBS 8, , (4,481.01) % MEDICARE TEACHERS 17, , , % MEDICARE LONG TERM SUBS (582.01) % UNEMPLOYMENT TEACHERS 1, (1,161.76) 0.00% SUI TEACHERS 14, , , % FUTA TEACHERS 3, , , % WORKERS COMP TEACHERS 5, , , % WORKERS COMP LONG TERM SUBS (197.44) % HEALTH BENEFITS TEACHERS 39, , , % UNEMPLOYMENT - LONG TERM SUBS (131.08) 0.00% HEALTH BENEFITS LONG TERM SUBS , , % SUTA - LONG TERM SUBS (877.58) 0.00% FUTA - LONG TERM SUBS (211.88) 0.00% FICA SUPPORT STAFF (903.19) 0.00% PERS SUPPORT STAFF 23, , (11,015.95) % MEDICARE SUPPORT STAFF 1, (1,003.89) % SUI SUPPORT STAFF 1, , (530.57) % FUTA SUPPORT STAFF (124.39) % UNEMPLOYMENT SUPPORT STAFF (219.16) 0.00% WORKERS COMP SUPPORT STAFF (247.58) % HEALTH BENEFITS SUPPORT STAFF 2, , , % INSURANCE GENERAL ADMIN 5, (5,486.70) 0.00% FICA GENERAL ADMIN (107.80) 0.00% PERS GENERAL ADMIN 25, , % MEDICARE GENERAL ADMIN 1, , (135.57) % SUI GENERAL ADMIN 1, , , % FUTA GEN. ADMIN % UNEMPLOYMENT GENERAL ADMIN (52.15) 0.00% WORKERS COMP GENERAL ADMIN % HEALTH BENEFITS GENERAL ADMIN 2, , , % INSURANCE LICENSED ADMIN 3, (3,773.19) 0.00% FICA LICENSED ADMIN (99.47) 0.00% PERS LICENSED ADMIN 31, , , % MEDICARE LICENSED ADMIN 1, , , % SUI LICS. ADMIN 1, , , % FUTA LIC. ADMIN , , % UNEMPLOYMENT LICENSED ADMIN (72.52) 0.00% WORKERS COMP LICENSED ADMIN , , % 36

37 Database: ENTITY: Accrual 009 YTD Comparative Income Statement P&L in Board Budget Format Pinecrest Academy of Nevada Inspirada Campus Page: Date: Time: 16 3/29/2018 5:57 PM Report includes an open period. Entries are not final. Thru: Year-To-Date Actual Budget Feb 2018 Feb 2018 Variance HEALTH BENEFITS LICENSED ADMIN 1, , , % INSURANCE CAMPUS MONITORS (158.44) 0.00% FICA CAMPUS MONITORS (26.46) 0.00% PERS CAMPUS MONITORS , , % MEDICARE CAMPUS MONITORS % SUI CAMPUS MONITORS % FUTA CAMPUS MONITORS % WORKERS COMP CAMPUS MONITORS % HEALTH BENEFITS CAMPUS MONITORS % TOTAL BENEFITS 582, , , % TUITION REIMBURSEMENT TUITION REIMBURSEMENT TEACHERS 2, , % TOTAL SALARIES AND BENEFITS 2,551, ,655, , % SPECIAL EDUCATION SPED TEACHER SALARIES 82, , , % SALARIES OF SUPPORT STAFF SPED 5, , , % BONUSES SPED TEACHERS (202.94) 0.00% INSURANCE SPED TEACHERS 3, (3,976.82) 0.00% FICA SPED TEACHERS (661.62) 0.00% PERS SPED TEACHERS 13, , , % PERS SUPPORT STAFF SPED , , % MEDICARE SPED TEACHERS 1, , % MEDICARE SUPPORT STAFF SPED % UNEMPLOYMENT SPED TEACHERS (108.31) 0.00% SUI SPED 1, , , % FUTA SPED % WORKERS COMP SPED TEACHERS % WORKERS COMP SUPPORT STAFF SPED % HEALTH BENEFITS SPED TEACHERS 3, , , % HEALTH BENEFITS SUPPORT STAFF SPED , , % 37

38 Database: ENTITY: Accrual 009 YTD Comparative Income Statement P&L in Board Budget Format Pinecrest Academy of Nevada Inspirada Campus Page: Date: Time: 17 3/29/2018 5:57 PM Report includes an open period. Entries are not final. Thru: Year-To-Date Actual Budget Feb 2018 Feb 2018 Variance SPED CONTRACTED SERVICES 169, , (97,301.97) % SPED SUPPLIES , , % SPED ASSESSMENT AND TESTING MATERIALS 1, (1,951.83) 0.00% TOTAL SPECIAL EDUCATION 286, , (8,686.21) -3.13% FOOD SERVICES FOOD SERVICES FEDERAL PROGRAM 8, , (7,324.75) % FOOD SERVICES PRIVATE PROGRAM 1, (1,331.56) 0.00% TOTAL FOOD SERVICES 10, , (8,656.31) % INSTRUCTIONAL SUPPLIES GENERAL CLASSROOM SUPPLIES 12, , (3,791.17) % COPIER SUPPLIES 3, , (876.86) % ASSESSMENT AND TESTING MATERIALS 2, , (1,207.58) % INSTRUCTIONAL - FURNITURE AND EQUIPMENT PU 13, (13,372.08) 0.00% CONSUMABLES 2, , , % TEXTBOOKS / CURRICULUM 27, (27,421.87) 0.00% SOFTWARE 24, (24,085.21) 0.00% IT SUPPLIES 4, (4,107.76) 0.00% POSTAGE % OFFICE SUPPLIES 1, , , % NURSING SUPPLIES , % TOTAL INSTRUCTIONAL SUPPLIES 93, , (21,284.17) % TRAINING & DEVELOPMENT / TRAVEL AFFILIATION FEE - TRAINING 28, , (4,196.36) % TRAINING & DEVELOPMENT 5, (5,849.98) 0.00% TRAVEL LICENSED ADMIN , , % TOTAL TRAINING & DEVELOPMENT / TRAVEL 33, , (6,710.34) % CONTRACTED SERVICES 38

39 Database: ENTITY: Accrual 009 YTD Comparative Income Statement P&L in Board Budget Format Pinecrest Academy of Nevada Inspirada Campus Page: Date: Time: 18 3/29/2018 5:57 PM Report includes an open period. Entries are not final. Thru: Year-To-Date Actual Budget Feb 2018 Feb 2018 Variance COPIER FEES MONTHLY 33, , % PAYROLL SERVICE FEES 14, , (2,268.40) % IT SERVICES MONTHLY 36, , (6,301.47) % IT SET UP FEES 1, , , % INFINITE CAMPUS , , % AUDIT AND TAX SERVICES 8, , (3,658.24) % LEGAL FEES , , % PROFESSIONAL FEES 3, (3,400.00) 0.00% MANAGEMENT FEES 312, , , % AFFILIATION FEE - INC. 23, , % STATE ADMINISTRATIVE FEES 67, , , % TOTAL CONTRACTED SERVICES 502, , , % OTHER EXPENSES BACKGROUND/DRUG TEST , % ADVERTISING/MARKETING (9.41) 0.00% WEB SITE EXPENDITURES 1, , , % DUES AND FEES 2, , % INTEREST EXPENSE 6, (6,602.53) 0.00% TOTAL OTHER EXPENSES 10, , (2,393.19) % FACILITY MAINTENANCE IT REPAIRS AND MAINTENANCE 2, (2,371.78) 0.00% JANITORAL MONTHLY FEES 51, , (5,311.71) % JANITORAL ADDITIONAL SERVICES 3, (3,988.45) 0.00% REPAIRS AND MAINTENANCE 33, , (15,490.09) % AC REPAIRS AND MAINTENANCE 5, , , % LAWN CARE 11, , (7,181.00) % SUMMER MAINTENANCE 4, , , % CUSTODIAL SUPPLIES 12, , (4,707.00) % TOTAL FACILITY MAINTENANCE 126, , (30,249.18) % 39

40 Database: ENTITY: Accrual 009 YTD Comparative Income Statement P&L in Board Budget Format Pinecrest Academy of Nevada Inspirada Campus Page: Date: Time: 19 3/29/2018 5:57 PM Report includes an open period. Entries are not final. Thru: Year-To-Date Actual Budget Feb 2018 Feb 2018 Variance FACILITIES OPERATIONS PROPERTY INSURANCE 17, (17,820.43) 0.00% LIABILITY INSURANCE , , % OTHER INSURANCES , , % RENT/LEASE PAYMENTS 667, , (13,685.43) -2.09% TOTAL FACILITIES OPERATIONS 685, , , % UTILITIES AND SERVICES WATER 5, , , % SEWER , , % GARBAGE/DISPOSAL/TRASH 11, , , % ALARM SERVICES , % FIRE SERVICES 3, , (2,791.31) % TELEPHONE 11, , (5,073.57) % INTERNET , , % ELECTRICITY 48, , , % TOTAL UTILITIES AND SERVICES 82, , , % ADJUSTING ENTRIES DEPRECIATION EXPENSE 168, , % TOTAL ADJUSTING ENTRIES 168, , TOTAL EXPENSES 4,550, ,607, , % NET INCOME 306, , , % 40

41 Database: ENTITY: Accrual 009 YTD Comparative Income Statement P&L in Board Budget Format Pinecrest Academy of Nevada Inspirada Campus Page: Date: Time: 20 3/29/2018 5:57 PM Report includes an open period. Entries are not final. Thru: Year-To-Date Actual Budget Feb 2018 Feb 2018 Variance 41

42 Database: ENTITY: Accrual 010 YTD Comparative Income Statement P&L in Board Budget Format Pinecrest Academy of Nevada Cadence Campus Page: Date: Time: 21 3/29/2018 5:57 PM Report includes an open period. Entries are not final. Thru: Year-To-Date Actual Budget Feb 2018 Feb 2018 Variance INCOME DSA REVENUE 5,483, ,521, (38,488.04) -0.70% SPED DISCRETIONARY UNIT 213, , , % FULL DAY KINDER REVENUE 189, , % SPED PART B FUNDING 1, , (73,570.42) % TOTAL INCOME 5,887, ,774, , % EXPENSES SALARIES SALARIES TEACHERS 1,753, ,842, , % SALARIES OF LONG TERM SUBS 179, , (164,889.72) % CONTRACTED SUBSTITUTE SERVICE 55, , (2,564.50) -4.86% BONUSES TEACHERS 5, , , % BONUSES LONG TERM SUBS (811.76) 0.00% SALARIES OF SUPPORT STAFF 396, , (342,598.60) % BONUSES SUPPORT STAFF 1, (1,941.71) 0.00% SALARIES OF GENERAL ADMIN 160, , (13,021.04) -8.84% BONUSES GENERAL ADMIN (481.98) 0.00% SALARIES OF LICENSED ADMIN 206, , (37,016.88) % BONUSES LICENSED ADMIN 1, (1,445.97) 0.00% SALARIES OF CAMPUS MONITORS , , % TOTAL SALARIES 2,760, ,383, (377,117.76) % BENEFITS CONTRACTED BENEFITS 19, (19,662.23) 0.00% INSURANCE TEACHERS 78, (78,412.03) 0.00% INSURANCE LONG TERM SUBS 11, (11,119.39) 0.00% FICA TEACHERS 1, , , % PERS TEACHERS 328, , , % PERS LONG TERM SUBS 31, , (27,462.32) % MEDICARE TEACHERS 22, , , % 42

43 Database: ENTITY: Accrual 010 YTD Comparative Income Statement P&L in Board Budget Format Pinecrest Academy of Nevada Cadence Campus Page: Date: Time: 22 3/29/2018 5:57 PM Report includes an open period. Entries are not final. Thru: Year-To-Date Actual Budget Feb 2018 Feb 2018 Variance MEDICARE LONG TERM SUBS 2, (2,308.91) % UNEMPLOYMENT TEACHERS 1, (1,404.34) 0.00% SUI TEACHERS 16, , , % FUTA TEACHERS 3, , , % WORKERS COMP TEACHERS 7, , , % WORKERS COMP LONG TERM SUBS (886.52) % HEALTH BENEFITS TEACHERS 47, , , % UNEMPLOYMENT - LONG TERM SUBS (311.79) 0.00% HEALTH BENEFITS LONG TERM SUBS 9, , (7,836.85) % SUTA - LONG TERM SUBS 2, (2,635.64) 0.00% FUTA - LONG TERM SUBS (422.03) 0.00% FICA SUPPORT STAFF 3, (3,539.28) 0.00% PERS SUPPORT STAFF 61, , (46,333.70) % MEDICARE SUPPORT STAFF 5, (4,756.42) % SUI SUPPORT STAFF 6, , (5,249.04) % FUTA SUPPORT STAFF 1, (951.77) % UNEMPLOYMENT SUPPORT STAFF (800.92) 0.00% WORKERS COMP SUPPORT STAFF 2, (1,878.60) % HEALTH BENEFITS SUPPORT STAFF 5, , (603.28) % INSURANCE GENERAL ADMIN 5, (5,933.62) 0.00% PERS GENERAL ADMIN 40, , , % MEDICARE GENERAL ADMIN 2, , (60.90) -2.85% SUI GENERAL ADMIN 1, , , % FUTA GEN. ADMIN % UNEMPLOYMENT GENERAL ADMIN (148.37) 0.00% WORKERS COMP GENERAL ADMIN , % HEALTH BENEFITS GENERAL ADMIN 4, , , % INSURANCE LICENSED ADMIN 9, (9,791.26) 0.00% FICA LICENSED ADMIN , , % PERS LICENSED ADMIN 55, , (8,178.95) % MEDICARE LICENSED ADMIN 2, , (428.16) % SUI LICS. ADMIN 1, , , % FUTA LIC. ADMIN , % UNEMPLOYMENT LICENSED ADMIN (96.10) 0.00% WORKERS COMP LICENSED ADMIN , % HEALTH BENEFITS LICENSED ADMIN 5, , , % PERS CAMPUS MONITORS , , % MEDICARE CAMPUS MONITORS % 43

44 Database: ENTITY: Accrual 010 YTD Comparative Income Statement P&L in Board Budget Format Pinecrest Academy of Nevada Cadence Campus Page: Date: Time: 23 3/29/2018 5:57 PM Report includes an open period. Entries are not final. Thru: Year-To-Date Actual Budget Feb 2018 Feb 2018 Variance SUI CAMPUS MONITORS % FUTA CAMPUS MONITORS % WORKERS COMP CAMPUS MONITORS % HEALTH BENEFITS CAMPUS MONITORS , , % TOTAL BENEFITS 806, ,003, , % TUITION REIMBURSEMENT TUITION REIMBURSEMENT TEACHERS , , % TUITION REIMBURSEMENT LICENSED ADMIN 1, (1,500.00) 0.00% TOTAL SALARIES AND BENEFITS 3,567, ,387, (179,785.06) -5.31% SPECIAL EDUCATION SPED TEACHER SALARIES 27, , , % SALARIES OF SUPPORT STAFF SPED , , % INSURANCE SPED TEACHERS (59.86) 0.00% PERS SPED TEACHERS 6, , , % PERS SUPPORT STAFF SPED , , % MEDICARE SPED TEACHERS , , % MEDICARE SUPPORT STAFF SPED % UNEMPLOYMENT SPED TEACHERS (29.57) 0.00% SUI SPED , , % FUTA SPED , , % WORKERS COMP SPED TEACHERS , , % WORKERS COMP SUPPORT STAFF SPED % HEALTH BENEFITS SPED TEACHERS 1, , , % HEALTH BENEFITS SUPPORT STAFF SPED , , % SPED CONTRACTED SERVICES 79, , (7,182.82) -9.88% TRAVEL SPED TEACHERS (844.84) 0.00% SPED SUPPLIES , , % SPED ASSESSMENT AND TESTING MATERIALS 1, (1,930.84) 0.00% TOTAL SPECIAL EDUCATION 119, , , % 44

45 Database: ENTITY: Accrual 010 YTD Comparative Income Statement P&L in Board Budget Format Pinecrest Academy of Nevada Cadence Campus Page: Date: Time: 24 3/29/2018 5:57 PM Report includes an open period. Entries are not final. Thru: Year-To-Date Actual Budget Feb 2018 Feb 2018 Variance FOOD SERVICES FOOD SERVICES FEDERAL PROGRAM 10, , (5,308.25) % FOOD SERVICES PRIVATE PROGRAM (406.21) 0.00% TOTAL FOOD SERVICES 10, , (5,714.46) % INSTRUCTIONAL SUPPLIES GENERAL CLASSROOM SUPPLIES 11, , , % COPIER SUPPLIES 1, , , % ASSESSMENT AND TESTING MATERIALS 2, , % INSTRUCTIONAL - FURNITURE AND EQUIPMENT PU 1, (1,334.13) 0.00% CONSUMABLES 44, , , % TEXTBOOKS / CURRICULUM 54, (54,823.94) 0.00% SOFTWARE 26, (26,056.67) 0.00% COMPUTER PURCHASES 24, (24,223.56) 0.00% IT SUPPLIES 1, (1,663.46) 0.00% POSTAGE 1, (563.95) % OFFICE SUPPLIES 12, , (2,289.34) % NURSING SUPPLIES 1, , % TOTAL INSTRUCTIONAL SUPPLIES 183, , (95,266.39) % TRAINING & DEVELOPMENT / TRAVEL AFFILIATION FEE - TRAINING 31, , (2,600.98) -8.95% TRAINING & DEVELOPMENT 8, (8,071.90) 0.00% TRAVEL TEACHERS 3, (3,208.97) 0.00% TRAVEL SPED TEACHERS (844.84) 0.00% TRAVEL LICENSED ADMIN , , % TOTAL TRAINING & DEVELOPMENT / TRAVEL 43, , (10,917.69) % CONTRACTED SERVICES 45

46 Database: ENTITY: Accrual 010 YTD Comparative Income Statement P&L in Board Budget Format Pinecrest Academy of Nevada Cadence Campus Page: Date: Time: 25 3/29/2018 5:57 PM Report includes an open period. Entries are not final. Thru: Year-To-Date Actual Budget Feb 2018 Feb 2018 Variance COPIER FEES MONTHLY 45, , (11,275.01) % PAYROLL SERVICE FEES 19, , (4,059.12) % IT SERVICES MONTHLY 32, , , % IT SET UP FEES 5, , , % INFINITE CAMPUS , , % AUDIT AND TAX SERVICES 8, , (3,339.94) % LEGAL FEES , , % PROFESSIONAL FEES 15, (15,640.00) 0.00% MANAGEMENT FEES 317, , , % AFFILIATION FEE - INC. 29, , % STATE ADMINISTRATIVE FEES 82, , , % TOTAL CONTRACTED SERVICES 556, , , % OTHER EXPENSES BACKGROUND/DRUG TEST 1, , (162.00) % ADVERTISING/MARKETING 3, (3,850.71) 0.00% PRINTING AND BINDING EXPENSES 2, (2,015.96) 0.00% WEB SITE EXPENDITURES 4, , (367.08) -8.88% DUES AND FEES 6, , (2,739.18) % INTEREST EXPENSE 18, (18,579.69) 0.00% ATHLETICS 12, , , % TOTAL OTHER EXPENSES 49, , (26,223.09) % FACILITY MAINTENANCE JANITORAL MONTHLY FEES 71, , (12,575.15) % JANITORAL ADDITIONAL SERVICES 1, (1,571.18) 0.00% REPAIRS AND MAINTENANCE 60, , (37,098.09) % AC REPAIRS AND MAINTENANCE 3, , , % LAWN CARE 11, , (3,955.00) % SUMMER MAINTENANCE 1, , , % CUSTODIAL SUPPLIES 24, , (12,009.26) % TOTAL FACILITY MAINTENANCE 174, , (51,643.86) % 46

47 Database: ENTITY: Accrual 010 YTD Comparative Income Statement P&L in Board Budget Format Pinecrest Academy of Nevada Cadence Campus Page: Date: Time: 26 3/29/2018 5:57 PM Report includes an open period. Entries are not final. Thru: Year-To-Date Actual Budget Feb 2018 Feb 2018 Variance FACILITIES OPERATIONS PROPERTY INSURANCE 31, (31,196.18) 0.00% LIABILITY INSURANCE , , % OTHER INSURANCES , , % RENT/LEASE PAYMENTS 689, , (9,828.53) -1.45% TOTAL FACILITIES OPERATIONS 720, , (3,024.71) -0.42% UTILITIES AND SERVICES WATER 9, , (1,029.85) % SEWER , , % GARBAGE/DISPOSAL/TRASH 13, , , % ALARM SERVICES 7, , (6,246.96) % FIRE SERVICES 5, , (4,256.00) % TELEPHONE 15, , (8,340.08) % INTERNET 12, , (5,901.61) % ELECTRICITY 81, , (33,996.04) % TOTAL UTILITIES AND SERVICES 145, , (49,703.18) % ADJUSTING ENTRIES DEPRECIATION EXPENSE 197, , % TOTAL ADJUSTING ENTRIES 197, , TOTAL EXPENSES 5,769, ,752, (16,512.43) -0.29% NET INCOME 118, , , % 47

48 Database: ENTITY: Accrual 010 YTD Comparative Income Statement P&L in Board Budget Format Pinecrest Academy of Nevada Cadence Campus Page: Date: Time: 27 3/29/2018 5:57 PM Report includes an open period. Entries are not final. Thru: Year-To-Date Actual Budget Feb 2018 Feb 2018 Variance 48

49 Database: ENTITY: Accrual 022 YTD Comparative Income Statement P&L in Board Budget Format Pinecrest Academy of Nevada Executive Director Page: Date: Time: 28 3/29/2018 5:57 PM Report includes an open period. Entries are not final. Thru: Year-To-Date Actual Budget Feb 2018 Feb 2018 Variance INCOME STATE GRANTS , (136,666.67) % TOTAL INCOME , (136,666.67) % EXPENSES SALARIES SALARIES TEACHERS 18, , , % BONUSES TEACHERS , , % SALARIES OF SUPPORT STAFF , , % SALARIES OF GENERAL ADMIN 42, , (3,737.65) -9.61% BONUSES GENERAL ADMIN (431.25) 0.00% SALARIES OF LICENSED ADMIN 105, , (8,289.65) -8.51% BONUSES LICENSED ADMIN (507.36) 0.00% TOTAL SALARIES 167, , , % BENEFITS INSURANCE TEACHERS 4, (4,732.56) 0.00% FICA TEACHERS , , % PERS TEACHERS 11, , , % MEDICARE TEACHERS , , % UNEMPLOYMENT TEACHERS (33.80) 0.00% SUI TEACHERS 1, , , % FUTA TEACHERS % WORKERS COMP TEACHERS % HEALTH BENEFITS TEACHERS , , % PERS SUPPORT STAFF , , % MEDICARE SUPPORT STAFF % SUI SUPPORT STAFF % FUTA SUPPORT STAFF % WORKERS COMP SUPPORT STAFF % HEALTH BENEFITS SUPPORT STAFF , , % 49

50 Database: ENTITY: Accrual 022 YTD Comparative Income Statement P&L in Board Budget Format Pinecrest Academy of Nevada Executive Director Page: Date: Time: 29 3/29/2018 5:57 PM Report includes an open period. Entries are not final. Thru: Year-To-Date Actual Budget Feb 2018 Feb 2018 Variance INSURANCE GENERAL ADMIN (656.98) 0.00% PERS GENERAL ADMIN 18, , (7,252.62) % MEDICARE GENERAL ADMIN (385.94) % SUI GENERAL ADMIN , % FUTA GEN. ADMIN % UNEMPLOYMENT GENERAL ADMIN (23.18) 0.00% WORKERS COMP GENERAL ADMIN % HEALTH BENEFITS GENERAL ADMIN 1, , , % INSURANCE LICENSED ADMIN 1, (1,682.76) 0.00% PERS LICENSED ADMIN 28, , (1,621.11) -5.94% MEDICARE LICENSED ADMIN 1, , (76.77) -5.43% SUI LICS. ADMIN , , % FUTA LIC. ADMIN % UNEMPLOYMENT LICENSED ADMIN (2.66) 0.00% WORKERS COMP LICENSED ADMIN % HEALTH BENEFITS LICENSED ADMIN 1, , , % TOTAL BENEFITS 75, , , % TUITION REIMBURSEMENT TUITION REIMBURSEMENT LICENSED ADMIN 1, (1,800.00) 0.00% TOTAL SALARIES AND BENEFITS 243, , , % SPECIAL EDUCATION TOTAL SPECIAL EDUCATION FOOD SERVICES TOTAL FOOD SERVICES INSTRUCTIONAL SUPPLIES 50

51 Database: ENTITY: Accrual 022 YTD Comparative Income Statement P&L in Board Budget Format Pinecrest Academy of Nevada Executive Director Page: Date: Time: 30 3/29/2018 5:57 PM Report includes an open period. Entries are not final. Thru: Year-To-Date Actual Budget Feb 2018 Feb 2018 Variance COPIER SUPPLIES (346.39) 0.00% ASSESSMENT AND TESTING MATERIALS (939.96) 0.00% OFFICE SUPPLIES , , % TOTAL INSTRUCTIONAL SUPPLIES 2, , % TRAINING & DEVELOPMENT / TRAVEL AFFILIATION FEE - TRAINING 5, (5,788.00) 0.00% TRAINING & DEVELOPMENT 3, (3,850.00) 0.00% TRAVEL LICENSED ADMIN , , % TOTAL TRAINING & DEVELOPMENT / TRAVEL 10, , (1,241.56) % CONTRACTED SERVICES COPIER FEES MONTHLY , , % PAYROLL SERVICE FEES 1, (1,231.00) 0.00% IT SET UP FEES (50.00) 0.00% PROFESSIONAL FEES 3, (3,128.00) 0.00% TOTAL CONTRACTED SERVICES 4, , , % OTHER EXPENSES BACKGROUND/DRUG TEST (162.00) 0.00% PRINTING AND BINDING EXPENSES 1, (1,220.00) 0.00% DUES AND FEES (357.61) % BANK FEES (8.00) 0.00% TOTAL OTHER EXPENSES 2, (1,747.61) % FACILITY MAINTENANCE REPAIRS AND MAINTENANCE (0.04) 0.00% TOTAL FACILITY MAINTENANCE (0.04) 51

52 Database: ENTITY: Accrual 022 YTD Comparative Income Statement P&L in Board Budget Format Pinecrest Academy of Nevada Executive Director Page: Date: Time: 31 3/29/2018 5:57 PM Report includes an open period. Entries are not final. Thru: Year-To-Date Actual Budget Feb 2018 Feb 2018 Variance FACILITIES OPERATIONS TOTAL FACILITIES OPERATIONS UTILITIES AND SERVICES TELEPHONE (30.63) 0.00% TOTAL UTILITIES AND SERVICES (30.63) ADJUSTING ENTRIES TOTAL ADJUSTING ENTRIES TOTAL EXPENSES 263, , , % NET INCOME (263,165.85) (277,862.00) 14, % 52

53 PINECREST ACADEMY OF NEVADA Supporting Document Meeting Date: April 10, 2018 Agenda Item: 3.c.2 Approval of the Nevada Financial Framework Results Number of Enclosures: 1 SUBJECT: Nevada Financial Framework Results Action Appointments Approval X Consent Agenda Information Public Hearing Regular Adoption Presenter (s): Board Recommendation: Proposed wording for motion/action: Consent Fiscal Impact: N/A Estimated Length of time for consideration (in minutes): 0 minutes Background: Results have been received regarding Pinecrest s Nevada Financial Framework, which have been reviewed by the Finance Committee. Submitted By: Staff 53

54 Nevada State Public Charter School Authority Financial Performance Framework Calculations Workbook School Pinecrest Academy of Nevada FY 2017 ***Standards for a school beyond the first two years of operation are being applied*** Near Term Measure 1 Current Ratio Purpose: The current ratio depicts the relationship between a school s current assets and current liabilities. In addition, the current ratio is a financial ratio that measures whether or not a school has enough resources to pay its debts over the next 12 months. It compares a school's current assets to its current liabilities. Data Source: Statement of Net Position Current Ratio = One Year Trend = Total Current Assets Total Current Liabilities 2017 Current Ratio 2016 Current Ratio = $5,288, $2,917, = = 0.01 Total Current Assets $ 5,288, X Meets Standard: Is 1.1 or greater Total Current Liabilities $ 2,917, Meets Standard: Between 1.0 and 1.1 and one year trend is positive Current Ratio 1.81 Does Not Meet Standard: Between 0.9 and.99 One Year Trend 0.01 Does Not Meet Standard: Falls Far Below Standard: Between 1.0 and 1.1 and one year trend is negative Less Than 0.9 Purpose: The unrestricted days cash on hand indicates how many days a school can pay its operating expenses without an inflow of cash. National standards state cash on hand is considered a model practice. Data Source: Statement of Net Position; Statement of Revenues, Expenditures and Changes in Fund Balance; Notes to the Financial Statements Average Daily Expenses = Annual Expense Annual Depreciation 365 Days = Unrestricted Days of Unrestricted Cash and Equivalents $2,521, = Cash on Hand = Average Daily Expenses $74, = 33.6 One Year Trend = 2017 Cash on Hand 2016 Cash on Hand = = 9.9 Annual Expense $ 28,082, Meets Standard: 60 days of cash or more Annual Depreciation $ 722, Total $ 27,360, X Meets Standard: Between 30 and 60 and one year trend is positive Days 365 Does Not Meet Standard: Days of cash between 15 and 29 Unrestricted Cash and Equivalents $ 2,521, Does Not Meet Standard: Between 30 and 60 and one year trend is negative Average Daily Expenses $ 74, Falls Far Below Standard: Less than 15 days of cash Days of Cash On Hand One Year Trend Measure 3 Enrollment Forecast Accuracy Purpose: Enrollment forecast accuracy tells sponsors whether or not the school is meeting its enrollment projections, thereby generating sufficient revenue to fund ongoing operations. Data Source: Actual Enrollment = certified validation day numbers; Projected Enrollment = charter school board approved budgeted enrollment 2017 Forecast Actual Enrollment 3701 = Accuracy = Projected Enrollment Forecast Actual Enrollment 2341 = Accuracy = Projected Enrollment Forecast Actual Enrollment 937 = Accuracy = Projected Enrollment 915 = 103.6% = 98.3% = 102.4% Actual Enrollment Projected Enrollment 3701 X Meets Standard: 3573 Enrollment forecast accuracy equals or exceeds 95% in the most recent year and equals or exceeds 95% of each the last three years Current Year Forecast Accuracy 103.6% Does Not Meet Standard: Enrollment forecast accuracy is between 85% and 94% in the most Previous Year Forecast Accuracy 2015 Forecast Accuracy 98.3% 102.4% Does Not Meet Standard: recent year Enrollment forecast accuracy is 95% or greater in the most recent year but does not equal or exceed 95% or greater each of the last three years Falls Far Below Standard: Enrollment forecast accuracy is less than 85% in the most recent year = 1.81 Measure 2 Unrestricted Days of Cash on Hand $28,082, $722, = $74, Purpose: The debt default indicator addresses whether or not a school is meeting its loan obligations and/or is delinquent with its debt service payments. Notes from the audited financial statements are used as the source of data. In most cases this will not be applicable for charter schools that do not have outstanding loan. Data Source: Notes to the Financial Statements Measure 4 Debt Default Sponsors may consider a school in default only when the charter school is not making payments on its debt, or when it is out of compliance with other requirements in its debt covenants. Does the school have an outstanding loan? Is the school in default of loan covenants? Yes No X Meets Standard: Meets Standard: School is not in default of loan covenant(s) and is not delinquent with debt service payments School does not have an outstanding loan Falls Far Below Standard: School is in default of loan covenant(s) and is not delinquent with debt service payments 54 1 of 4

55 Nevada State Public Charter School Authority Financial Performance Framework Calculations Workbook School Pinecrest Academy of Nevada FY 2017 ***Standards for a school beyond the first two years of operation are being applied*** Sustainability Measure 1 Total Margin Purpose: Total margin measures the deficit or surplus a school yields out of its total revenues, which indicates whether or not the school is operating within its available resources. The measurement looks at the most recent 3 years. Data Source: Statement of Revenues, Expenditures and Changes in Fund Balance Total Revenues Total Expenditures $29,305, $28,082, Total Margin = = = 4.2% Total Revenues $29,305, Total Revenues Total Expenditures $17,665, $17,098, Total Margin = = = 3.2% Total Revenues $17,665, Total Margin = Aggregated Total Margin = Data Source: Statement of Net Position Debt to Asset Ratio = Total Revenues Total Expenditures $6,700, $6,989, = Total Revenues $6,700, Years Total Revenues 3 Years Total ($29,305,075 + $17,665,570 + $6,700,349) Expenditures = ($28,082,477 + $17,098,333 + $6,989,444) = 2.8% 3 Years Total Revenues ($29,305,075 + $17,665,570 + $6,700,349) 2017 Total Revenue $ 29,305, X Meets Standard: Aggregated three year total margin is positive and the most recent 2017 Total Expenditures $ 28,082, year total margin is positive Net Surplus $ 1,222, Does Not Meet Standard: Aggregated three year total margin is negative or the most recent year Current Year Total Margin Previous Year Current Margin 4.2% 3.2% Falls Far Below Standard: total margin is negative Aggregated three year total margin is negative and the most recent 2015 Total Margin Three Year Net Surplus $ 4.3% 1,500, year total margin is negative Three Year Revenues Aggregated Total Margin $ 53,670, % Measure 2 Debt to Asset Ratio Purpose: The debt to asset ratio measures the amount of debt a school owes versus the assets they own; in other words, it measures the extent to which the school relies on borrowed funds to finance its operations. A debt to asset ratio greater than 1.0 is a generally accepted indicator of potential long term financial issues, as the organization owes more than it owns, reflecting a risky financial position. A ratio less than 0.9 indicates a financially healthy balance sheet, both in the assets and liabilities, and the implied balance in the equity account. Total Liabilities* Total Assets * PERS pension liability is excluded from Total Liabilities Total Assets Total Liabilities Debt to Asset Ratio = $4,388, $7,578, ,578,291 X Meets Standard: 4,388,221 Does Not Meet Standard: 0.58 Falls Far Below Standard: Measure 3 Cash Flow Is less than 0.9 Is greater than or equal to 0.90 and less than or equal to 1.0 Is greater than 1.0 Purpose: The cash flow measure indicates a school s change in cash balance from one period to another. This measure includes restricted and unrestricted funds. The measurement looks at the most recent 3 years. Data Source: Statement of Net Position 2017 Cash Flow = 2017 Total Cash 2016 Total Cash = $2,521, $1,083, = $1,437, Cash Flow = 2016 Total Cash 2015 Total Cash = $1,083, $1,161, = $(78,315.00) 2015 Cash Flow = Multi Year Cash Flow = 2015 Total Cash 2014 Total Cash 2017 Total Cash 2015 Total Cash = = $1,161, $1,622, $2,521, $1,161, = $(460,432.00) = $1,359, Cash $ 2,521, X Meets Standard: Multi year cumulative cash flow is positive and the most recent year 2016 Cash $ 1,083, cash flow is positive 2015 Cash $ 1,161, Does Not Meet Standard: Multi year cumulative cash flow is negative or the most recent year Current Year Cash Flow $ 1,437, cash flow is negative Previous Year Cash Flow $ (78,315.00) Falls Far Below Standard: Multi year cumulative cash flow is negative and the most year recent 2015 Cash Flow $ (460,432.00) cash flow is negative Multi Year Cash Flow $ 1,359, = 0.58 = 4.3% 55 2 of 4

56 Nevada State Public Charter School Authority Financial Performance Framework Calculations Workbook School Pinecrest Academy of Nevada FY 2017 ***Standards for a school beyond the first two years of operation are being applied*** Measure 4 Debt Service Coverage Ratio Purpose: The debt service coverage ratio indicates a school s ability to cover its debt obligations in the current year. In most cases this will not be applicable for charter schools that do not have an outstanding loan. This ratio measures whether or not a school can pay the principal and interest due on its debt based on the current year s net income. Depreciation expense is added back to the net income because it is a non cash transaction and does not actually cost the school money. The interest expense is added back to the net income because it is one of the expenses an entity is trying to pay, which is why it is included in the denominator. Data Source: Statement of Revenues, Expenditures and Changes in Fund Balance; Notes to the Financial Statements Debt Service Coverage Ratio = Net Income + Depreciation Expense + Interest Expense Annual Principal + Interest Payments = $1,222, $722, $63, = 2.87 $637, $63, Does the school have an outstanding loan? Yes X Meets Standard: Is equal to or exceeds 1.10 Net Income $ 1,222, Meets Standard: School does not have an outstanding loan Depreciation Expense $ 722, Does Not Meet Standard: Less than 1.10 Interest Expense $ 63, Total $ 2,007, Annual Principal $ 637, Interest Payments $ 63, Total $ 700, Debt Service Current Ratio of 4

57 PINECREST ACADEMY OF NEVADA Supporting Document Meeting Date: April 10, 2018 Agenda Item: 3.c.3 Approval of the Pinecrest Disclosure Policy Number of Enclosures: 1 SUBJECT: Pinecrest Disclosure Policy Action Appointments Approval X Consent Agenda Information Public Hearing Regular Adoption Presenter (s): Board Recommendation: Proposed wording for motion/action: Consent Fiscal Impact: N/A Estimated Length of time for consideration (in minutes): 0 minutes Background: Board approval is needed for the Pinecrest Disclosure Policy, which has been reviewed by the Finance Committee. This policy will be added to the Pinecrest Financial Policies and Procedures Manual. Submitted By: Staff 57

58 CONTINUING DISCLOSURE POLICY AND PROCEDURES 1. Purpose. These Disclosure Procedures are designed to (a) ensure the completeness and accuracy of the disclosure made by Pinecrest Academy of Nevada (the Charter School ) in connection with bonds issued on behalf of the Charter School ( Bonds ); (b) assist the Charter School s Board of Directors (the Board ) and management personnel in complying with all applicable federal and state securities laws and disclosure undertakings entered into with respect to outstanding Bonds, including continuing disclosure filings; and (c) promote best practices regarding disclosure disseminated to investors and the municipal securities markets by the Charter School. 2. Disclosure. The controls and procedures set forth herein shall apply to all Disclosure disseminated or communicated by the Charter School. Disclosure includes any information or communications reasonably likely to reach investors or the securities markets, such as preliminary and final official statements relating to bonds issued for the benefit of the Charter School, filings made by the Charter School with the Municipal Securities Rulemaking Board or other national repositories (whether required by contract or made voluntarily), press releases which could reasonably be construed as intended for the financial markets, investor calls, rating agency presentations and other communications, and certain postings on the Charter School s website. 3. Oversight Officer. The Charter School is currently managed by Academica Nevada LLC (the Manager ) pursuant to a Charter School Services and Support Agreement. The Chief Financial Officer of the Manager or his or her designee (the Oversight Officer ) shall be responsible for (i) overseeing the compilation of both the preliminary official statement ( POS ) and the final Official Statement (or comparable offering documents, individually referred to herein as an Official Statement and collectively, the Official Statements ) used in connection with the offering and sale of Bonds, (ii) ensuring filing of required continuing disclosure filings, and (iii) reviewing other disclosure obligations of the Charter School. In carrying out these responsibilities, the Oversight Officer shall seek assistance from other professionals hired or employed by the Charter School or the Manager for such purpose, including, but not limited to, the Charter School s legal counsel and the Charter School s accountant, as requested by the Charter School. 4. Disclosure Issuance of Bonds. a. Responsibilities of the Oversight Officer. The Oversight Officer shall be responsible for the following in connection with the issuance of Bonds: i. Developing a checklist or similar outline for the Charter School s Official Statements listing the categories of information required in the applicable Official Statement and identifying the person or persons (whether internal to the Charter School or a third-party consultant to the Charter School) responsible for reviewing or contributing the information in each portion of the Official Statement (a Contributor )

59 ii. Ensuring that each Contributor receives a copy of each draft of the Official Statement and the checklist indicating his or her responsibilities with sufficient time to permit such Contributor to perform a thoughtful and thorough review or preparation of information for the applicable portion of the Official Statement and gathering such applicable information and comments from each Contributor. iii. Providing information and comments submitted by Contributors to Disclosure Counsel for purposes of preparing the Official Statement on behalf of the Charter School. iv. Distributing applicable sections of the Official Statement, as revised, to the respective Contributors for further review and comment. Documenting confirmation by each Contributor that the information provided by such Contributor has been properly incorporated in such Official Statement draft and is accurate and complete as so incorporated. Contributor confirmation may be provided by means of indications on checklist. v. Scheduling and conducting periodic internal and external meetings of Contributors, either in groups or individually for the purpose of discussing the Charter School s financial status generally and its annual audited financial statements, its related programs, the industry and other issues affecting the Charter School and the Bonds that may be material to investors. vi. Reviewing all continuing disclosure obligations in connection with the Bonds. b. Responsibilities of Contributors. All Contributors to the Charter School s Official Statements shall be responsible for the following: i. Delivering and reviewing comments and information as requested (by means of a checklist or otherwise) for purposes of inclusion in the Official Statement. ii. Reviewing applicable portions of the revised Official Statement and providing confirmation (which may be provided by means of indications on a checklist) that the information provided by such Contributor has been incorporated correctly and, as so incorporated, such portions of the Official Statement present accurate and complete information to investors about the items covered by such portions. iii. Attending periodic meetings (as necessary) to discuss broad issues concerning the Charter School and its Official Statements. iv. In the case of third-party or expert Contributors, providing certifications and opinions relating to their contributions to Official Statements as appropriate

60 5. Disclosure Outstanding Bonds. a. Continuing Disclosure Obligations. The Oversight Officer shall be responsible for overseeing compliance by the Charter School with its continuing disclosure obligations, including but not limited to the compilation and filing of all annual and quarterly financial and operating data reports and filing of all annual audited financial statements and operating data of the Charter School on EMMA, as applicable. The Oversight Officer shall also consult with the dissemination agent appointed in connection with the applicable Bond issue (the Dissemination Agent ), and the Charter School s counsel to identify material events and determine whether an event notice is required to be filed under the circumstances. If a determination is made that an event is material and a notice is required, the Oversight Officer shall work with the Dissemination Agent to prepare a draft of such notice in a timely manner and shall provide such draft notice to the Charter School s counsel for review and comment. The Dissemination Agent shall be directed to file such notice with EMMA and any other required repositories once the notice has been approved by the Charter School and the Charter School s counsel. Generally, the process for the preparation of the financial information and operating data filings shall follow the guidelines set forth for disclosure made in connection with the issuance of bonds as set forth in Section 3 of these procedures. If the Oversight Officer discovers that any required continuing disclosure filings have not been made or are incomplete, the Oversight Officer shall work with the Dissemination Agent to file a Failure to File Notice as soon as possible and to file any missing information. b. Voluntary Filings. The Oversight Officer shall evaluate whether an event is appropriate for disclosure by the Charter School on a voluntary basis, based on investor demand or otherwise. Upon a determination that a voluntary notice should be filed, the Oversight Officer shall work with the Dissemination Agent and the Charter School s counsel to prepare a draft of such notice. The Dissemination Agent shall be directed to file such voluntary notice with EMMA and any other required repositories once such notice has been approved by the Oversight Officer and the Charter School s counsel. c. Investor Communications. The Oversight Officer shall be responsible for overseeing the responses to all telephone, and other inquiries from existing and potential investors in the Bonds and providing any information supplied to one investor or potential investor to all investors by way of the Dissemination Agent. d. Rating Agency Communications. All information provided by the Charter School or for the Charter School at its direction to any rating agency providing a rating for the Bonds shall be reviewed to accuracy and completeness and approved by the Oversight Officer. 5. Training. The Oversight Officer, in consultation with the Charter School s counsel, shall be responsible for coordinating regular training sessions for Charter School staff and Board members about their obligations under the Federal securities laws and regulations and other Federal and state laws affecting the issuance of Bonds. Training shall be provided for general background and overview purposes and, as applicable, to update Charter School staff and Board members concerning recent changes in applicable laws or regulations

61 PINECREST ACADEMY OF NEVADA Supporting Document Meeting Date: April 10, 2018 Agenda Item: 3.d.4 Approval of the Initial Budget for the 2018/2019 School Year Number of Enclosures: 1 SUBJECT: Initial Budget for the 2018/2019 School Year Action Appointments Approval X Consent Agenda Information Public Hearing Regular Adoption Presenter (s): Board Recommendation: Proposed wording for motion/action: Consent Fiscal Impact: N/A Estimated Length of time for consideration (in minutes): 0 minutes Background: Prior to submission to the State, Board approval is needed for the initial budget for the 2018/2019 school year, which has been reviewed by the Finance Committee. Submitted By: Staff 61

62 Horizon Cadence St. Rose Inspirada ED Pinecrest WFTE Gross Value $ 6,730 $ 6,730 $ 6,730 $ 6,730 $ - $ 6,730 Total Students (FTEs) 793 1,757 1,008 1,137-4,695 Kinder st Grade nd Grade rd Grade th Grade th Grade th Grade th Grade th Grade th Grade th Grade th Grade th Grade Total Students (FTEs) 793 1,757 1,008 1,137-4,695 Prior Year (October 1) SPED Count Juanuary 22nd SPED Juanuary 22nd SPED - speech only TEACHING STAFF Classroom Teachers SPED Teachers Art Teacher Music PE Teacher Dance Technology (STEM) Theatre Spanish / Language Additional Elective Teachers Total Teaching Staff ADMIN & SUPPORT Executive Director & Assistant Principal Assistant Principal Lead Teacher(s) Counselor/ Student Support Advocate Curriculum Coach Office Manager Registrar Clinic Aide/ FASA Receptionist Teacher Assistants Campus Monitor/Custodian Cafeterial Manager SPED Facilitator Speech Pathologist School Psychologist School Nurse Gate Teacher Total Admin & Support Total # Teachers Total # Admin & Support Total Staff Total Salaries & Benefits as % of Expenses 60% 63% 63% 62% 92% 63% Instruction Salaries as % of Total Salaries 72% 71% 70% 74% #REF! 70% Admin & Support Salaries as % of Total Salaries 27% 29% 30% 26% 100% 30% Rent as % of Expenses 17.19% 12.43% 14.06% 14.62% 0.00% 13.94% REVENUE (@ 95%) Budget Revenue 5,070,046 11,233,380 6,444,648 7,269,410-30,017,483 NLSP 25,000 20,000 45,000 Special Ed Funding (Part B) 112, ,750 81, , ,250 SPED Discretionary Unit 266, , , ,360-1,115,920 Total Revenues 5,473,946 11,804,890 6,718,298 7,652,520-31,649,653 Actual Revenue 5,336,890 11,824,610 6,783,840 7,652,010-31,597,350 NLSP 25,000 20, ,000 Special Ed Funding (Part B) 112, ,750 81, , ,250 SPED Discretionary Unit 266, , , ,360-1,115,920 Total Actual Revenues: 5,740,790 12,396,120 7,057,490 8,035,120-33,229,520 62

63 EXPENSES Personnel Costs Horizon Cadence St. Rose Inspirada ED Pinecrest Executive Director - 147, ,000 Principal 104, , , , ,180 Assistant Principal(s) 71, , , , ,352 Lead Teacher Curriculum Coach 58, , ,000 63,395 56, ,395 Counselor / Student Support Advocate 56, ,500 57,750 52, ,250 Teachers Salaries 1,445,000 3,123,750 1,827,500 2,167,500-8,563,750 SPED Teachers 127, , , , ,500 Office Manager/ Registrar / Banker 81, ,000 88,500 82,000 56, ,000 Secretary & FASA 39,520 79,040 44,500 39, ,140 Teacher Assistants (including SPED) 103, , , ,960 18, ,800 Campus Monitors 46,080 92,160 51,500 38, ,778 Cafeteria Manager ,280 18,000-35,280 Unrestricted Salaries 2,132,780 4,667,650 2,715,490 3,062, ,000 12,856,425 Restricted Salaries SPED Facilitator - 60,000 30,000 30, ,000 Speech Pathologist - 40, ,000 School Psychologist 20,000 20,000 30,000 30, ,000 School Nurse - 45,000 22,500 22,500-90,000 Cafeteria Manager 17,280 17,280 34,560 On Campus Sub Total Salaries and Wages 2,170,060 4,849,930 2,797,990 3,145, ,000 13,240,985 PERS 601,541 1,357, , ,795 77,840 3,684,759 Insurances/Employment Taxes/Other Benefits 352, , , ,063 45,175 2,151,660 Incentives / Bonuses - - Tuition Reimbursements 5,000 7,000 5,000 5,000-22,000 Subst. Teachers (10 days/teacher) 55, ,750 69,000 82, ,750 Total Payroll / Benefits and Related 3,184,735 7,123,774 4,102,266 4,615, ,015 19,427,154 Operations Horizon Cadence St. Rose Inspirada ED Pinecrest Consumables 71, ,130 90, , ,550 Zion's FFE Lease - payments 35, , , , ,500 Office Supplies 10,309 21,084 12,096 14,781 4,000 62,270 Classroom Supplies 21,411 43,925 25,200 30, ,235 Copier Supplies 3,172 7,028 4,032 4,548-18,780 Nursing Supplies 2,379 5,271 3,024 3,411-14,085 SPED Supplies 10,800 14,410 7,150 10,920-43,280 Athletics - 30, ,000 Dues and Fees 2,000 3,500 2,000 2, ,000 Lunch Program 1,000 1,000-1,000-3,000 Travel Reimbursement 3,500 6,000 3,500 3,500 13,500 30,000 Special Education Contracted Services 105,000 75,000 80, , ,000 Management Fee 356, , , ,650-2,112,750 Payroll Services 14,560 30,920 17,200 18, ,380 Audit/Tax 10,000 10,000 10,000 6,250-36,250 Legal Fees 5,500 7,000 5,500 6,000-24,000 IT Services - Monthly 33,306 73,794 42,336 47, ,190 IT Set-up Fees 4,000 10,000 4,000 4,500-22,500 Website 3,000 3,500 3,000 3,000-12,500 Copier / Printing 55, ,000 56,000 65,000 12, ,500 Infinite Campus 2,000 2,000 2,000 2,000-8,000 State Administrative Fee (1.5%) 80, , , , ,960 Affiliation Fee - Inc. (1/2 of 1%) 26,684 59,123 33,919 38, ,987 Affiliation Fee - Professional Development (1/2 of 1%) 26,684 59,123 33,919 38, ,987 Affiliation Fee - Battle of the Books Phone and Communications (with E-rate discount) 16,600 35,600 12,800 16,600-81,600 Postage 1,250 3,000 1,250 1,250-6,750 Background and Fingerprinting 900 2, ,500 Facility and School Insurances 16,500 33,000 22,000 24,200-95,700 Loan payments 60, ,000 Other Purchases 1,500 2,500 1,500 1,500 2,000 9,000 Total 980,329 2,217,827 1,254,104 1,438,673 33,320 5,924,254 Facilities Public Utilities 105, , , , ,000 Fire and Security alarms 7,210 15,210 7,210 12,000-41,630 Contracted Janitorial 54, ,265 72,654 84, ,993 Custodial Supplies 11,895 26,355 15,120 17,055-70,425 Facility Maintenance 15,000 47,500 25,000 25, ,500 Summer Maintenance 9,000 20,000 15,000 15,000-59,000 Lawn Care 9,565 13,765 9,565 9,265-42,160 AC Maintenance & Repair 14,000 28,000 14,000 18,000-74,000 Total 226, , , ,638-1,339,708 Total Expenses 4,391,491 9,860,697 5,624,919 6,379, ,335 26,691,116 Scheduled Lease Payment 911,538 1,400, ,000 1,092,500-4,324,038 Scheduled Bond Payment Assessments Surplus (Revenues-Total Expenses-Lease-Bond) 170, , , ,345 (434,335) 634, % 4.6% 2.6% 2.4% 2.0% Horizon Cadence St. Rose Inspirada ED Pinecrest 63

64 PINECREST ACADEMY OF NEVADA Supporting Document Meeting Date: April 10, 2018 Agenda Item: 3.c.5 Approval of the Furniture, Fixture and Equipment Funding Source for the 2018/2109 School Year Number of Enclosures: 1 SUBJECT: Furniture, Fixture and Equipment Funding Source Action Appointments Approval X Consent Agenda Information Public Hearing Regular Adoption Presenter (s): Board Recommendation: Proposed wording for motion/action: Consent Fiscal Impact: N/A Estimated Length of time for consideration (in minutes): 0 minutes Background: With the new school year approaching, planning needs to be put in place for the purchasing of furniture, fixtures and equipment. Before purchasing the necessary items, the Board will need to approve the funding source that has been identified, which has been reviewed by the Finance Committee. Submitted By: Staff 64

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67 PINECREST ACADEMY OF NEVADA Supporting Document Meeting Date: April 10, 2018 Agenda Item: 3.c.6 Approval of Renewing the Vended Meal Agreement with Three Square Number of Enclosures: 3 SUBJECT: Renewal of Vended Meal Agreement with Three Square Action Appointments Approval X Consent Agenda Information Public Hearing Regular Adoption Presenter (s): Board Recommendation: Consent Proposed wording for motion/action: Fiscal Impact: N/A Estimated Length of time for consideration (in minutes): 0 minutes Background: The agreement with Three Square to the NSLP vendor for the 2017/2018 school year included an option to extend each year for up to four years. By extending the existing agreement Pinecrest will be locked in at the price agreed upon in the original agreement. This renewal has been reviewed by the Finance Committee. Submitted By: Staff 67

68 Vendor 2-Three Square 68

69 PINECREST ACADEMY OF NEVADA 225 GRAND CADENCE DRIVE HENDERSON, NV Meal Vendor Agreement Amendment Page 1 of 1 1. AGREEMENT NUMBER: 2. AMENDMENT 3. START DATE: NUMBER: AMENDMENT 1 JULY 1, MEAL VENDOR NAME & ADDRESS: THREE SQUARE 4190 N. PECOS ROAD LAS VEGAS, NV AUTHORITY FOR AMENDMENT: Per Contract Option (2) (items a-c) on page 8 (210.16(d)), the option states the contract must be one year with the option to have four additional one-year extensions. The entire duration of the agreement shall not exceed five (5) years. 6. PURPOSE OF AMENDMENT: To extend the contract up to an additional 12 months and retain the fixed price per meal. 7. THE ABOVE REFERENCED AGREEMENT IS HEREBY MODIFIED AS FOLLOWS: A. In accordance with the provisions of the contract, the contract must be one year with the option to have four additional one-year extensions, for the total duration of this Contract, including the exercise of any options under this provision, shall not exceed five (5) years. Pinecrest Academy of Nevada is exercising its option at this time to extend the terms of the contract up to an additional 12 months. The contract now ends on June 30, B. The Fixed Fee Pricing Summary per Attachment 2.1, of the original contract is retained for the 2018/19 school year. 8. EXCEPT AS PROVIDED FOR HEREIN, ALL TERMS AND CONDITIONS OF THE ORIGINAL CONTRACT/AGREEMENT NOT HERETOFORE CHANGED AND/OR MODIFIED REMAIN UNCHANGED AND IN FULL EFFECT. THREE SQUARE IN WITNESS THEREOF THE PARTIES HERETO SIGN THEIR NAMES IN AGREEMENT. PINECREST ACADEMY OF NEVADA SIGNATURE OF AUTHORIZED INDIVIDUAL: SIGNATURE: TYPED NAME: TITLE: DATE: TYPED NAME: TITLE: DATE: State Agency Approval Use DO NOT OFFER AWARD UNTIL STATE AGENCY APPROVAL Date Received: Action Required: Yes No Comments: State Agency Reviewer Signature Date Approved 03/06/

70 PINECREST ACADEMY OF NEVADA Supporting Document Meeting Date: April 10, 2018 Agenda Item: 3.d Approval of the Pinecrest Academy of Nevada s 2018/2019 School Calendar Number of Enclosures: 1 SUBJECT: Pinecrest 2108/2019 School Calendar Action Appointments Approval X Consent Agenda Information Public Hearing Regular Adoption Presenter (s): Board Recommendation: Proposed wording for motion/action: Consent Fiscal Impact: N/A Estimated Length of time for consideration (in minutes): 0 minutes Background: Each year the State requires that an academic calendar be submitted with the Board s approval. The 2018/2109 proposed Academic Calendar is provided as part of the support materials for the Board s review and possible approval. Submitted By: Staff 70

71 **SUBJECT TO CHANGE PENDING RELEASE OF CCSD FINAL CALENDAR** Pinecrest Academy of Nevada School Calendar Monday, August 13 Monday, September 3 Friday, September 14 Friday, October 12 Friday, October 19 Friday, October 26 Thursday, November 1 Friday, November 9 Monday, November 12 November Friday, December 21 Friday, December 21 December 22 January Monday, January 7 Friday, January 18 Monday, January 21 Friday, February 15 Monday, February 18 Friday, March 8 Friday, March 15 Friday, March 22 Friday, April 12 April 13 April 22 Tuesday, April 23 Friday, May 24 Monday, May 27 May May 29 Classes begin Labor Day (No School) Data Day (Minimum Attendance Day Dismissal at 11:30 am Cadence Middle/High School Dismissal 11 am) End of First Grading Period (44 Days) Data Day (Minimum Attendance Day Dismissal at 11:30 am Cadence Middle/High School Dismissal 11 am) Nevada Day Observed (No School) Parent Teacher Conferences (No School for Students) Data Day (Minimum Attendance Day Dismissal at 11:30 am Cadence Middle/High School Dismissal 11 am) Veterans Day Observed (No School) Thanksgiving Break (No School) Data Day (Minimum Attendance Day Dismissal at 11:30 am Cadence Middle/High School Dismissal 11 am) End of Second Grading Period (43 Days) End of First Semester (87 Days) Winter Break Begins End of School Winter Break (No School) Classes Resume Second Semester Begins Data Day (Minimum Attendance Day Dismissal at 11:30 am Cadence Middle/High School Dismissal 11 am) Martin Luther King Jr. Day Observed (No School) Data Day (Minimum Attendance Day Dismissal at 11:30 am Cadence Middle/High School Dismissal 11 am) Presidents Day observed (No School) Professional Development Day (No School for Students) End of Third Grading Period (47 Days) Data Day (Minimum Attendance Day Dismissal at 11:30 am Cadence Middle/High School Dismissal 11 am) Spring Break Begins End of Day Spring Break (No School) Classes Resume Last Day of School for Students Memorial Day Observed (No School for Staff) Professional Development Day (No School for Students) End of Fourth Grading Period (46 Days) End of Second Semester (93 Days) End of School Year (180 Days) Second Semester Report Cards Distributed Check Out (Staff Only) 71

72 PINECREST ACADEMY OF NEVADA Supporting Document Meeting Date: April 10, 2018 Agenda Item: 4 Executive Director Update and Principal Reports Number of Enclosures: 6 SUBJECT: Executive Director and Principal Reports Action Appointments Approval Consent Agenda X Information Public Hearing Regular Adoption Presenter (s): Executive Director Buck and Pinecrest Principals Recommendation: Proposed wording for motion/action: Fiscal Impact: N/A Estimated Length of time for consideration (in minutes): minutes Background: Executive Director and Principals report on school happenings. Submitted By: Staff 72

73 PINECREST ACADEMY OF NEVADA Executive Office Memorandum Executive Director Report April 10, 2018 Highlights Ø Academic Highlights o Cadence: Since baseline, Cadence has brought 136 students from non- proficient to proficient in Math, and 134 students to proficiency in Reading! o Horizon: Since baseline, Horizon has brought 130 students from non- proficient to proficient in Math, and 90 students to proficiency in Reading! o Inspirada: Since baseline, Inspirada has brought 84 students from non- proficient to proficient in Math, and 85 students to proficiency in Reading! o St. Rose: Since baseline, St. Rose has brought 73 students from non- proficient to proficient in Math, and 73 students to proficiency in Reading! Ø Gate Numbers GATE testing has concluded for grades 2 4 and we officially have 195 students who qualify across all 4 campuses (see attached for breakdown by campus) Ø Governor s STEM School Designation Pinecrest is thrilled to be in the final stage of consideration for the Governor s prestigious STEM designation. Currently, only 8 schools hold this title in all of Nevada. If awarded, we would be the first Charter school to receive this status. Ø Distance Education Approval Pinecrest received official notification that the Department of Education has approved our Distance Education status (See attached) Ø Leadership Institute Pinecrest is proud to have 8 teachers and administrators who were accepted into the Doral Leadership Academy! Ø National Charter School Conference 2018 A proposal submitted by Jessica Barr, Tara Fitzgibbons, and Ralph Krauss was accepted to be presented at the NCSC in Austin June 17th-20th. The following administrators will be attending NCSC and participating in the presentation as well: Jon Haskel, Cynthia Altemara, Flynn Stern, Kristin Crawford, and Bruno Espey. We invite you all to join us! Session Details: o Title: Techno-Palooza: Technology Unites Us All o Description: It s all the rave! Come to our Edutainment Digital Carnival (EDC) and join this exclusive RAVE technology session! Let us inspire you to design an innovative tech integration model, thoughtfully curate lesson collections, and provide students with a way to showcase their personal flair. As we share the passion for preparing students for the Digital Jobs (DJ) of the future, we answer the ultimate question: What technological abilities do your students need to be competitive? Updates Ø Land for West Henderson K-12 Ø State Assessments Beginning We are about to embark on annual Spring testing! All of our campuses have exciting test-a-palooza events to kick start the testing season and inspire their students Ø Grants Update Currently we have submitted and are awaiting notification on our CTE grant. We are also working on the following grants (all to be submitted by April 30th): Read by Grade 3, College and Career, Computer Science, and Financial Literacy. Ø Gala Update Ø Edutainment Update 73

74 Spring Current Status: School: 3rd 4th Total St. Rose GATE Tested Cadence GATE Tested Horizon GATE Tested Inspirada GATE Tested All Academies 85 Tested GATE 351 Tested 74

75 BRIAN SANDOV AL Gosiernor STEVE CANAVERO, Pli.D. Sitperintendent ofpublic Instruction ST ATE OF NEVADA SOUTHERN NEVADA OFFICE 9890S. Maryland Parkivay, Suite221 Las Vegas, Nevada (702) Fax: (702) iviviv.doe.nv.gov/educatorlicensure DEPARTMENT OF EDUCATION 700 E. Fifth Street Carson City, Nevada (775) afax: (775) March 27, 2018 Dr. Carrie Buck, Executive'Director PinecrestAcademy of Nevada 255 Grarid Cadence Dr. Henderson, NV Dear Dr. Buck: A thoroughreviewof thepinecrestacademyof Nevadaapplicationto conducta distanceeducationprogrmn hasbeencompleted.pleaseacceptthis as official notification that The PinecrestAcademyof Nevadais approved to operate the distance education program as submitted to the Deparhnent of Education. All coursesincludedin tlie applicationareapprovedfor use.approvalof the programwill befor the period beginningjuly1, 2018,throughJune30,2021.ApprovedDistanceEducationprogramsarein effectfor three y. If your district makessigruficantchangeswithin your DistanceEducationprograms,revisionsto the currentlyapprovedplanwill berequired. As a point of information,all coursesthat havebeenapprovedaspart of a distanceeducationprogramin Nevadaareto beincludedonthe"state Approved"list of distanceeducationcourses. If youhaveanyquestionsregardingtheimplementationof theprogramasit relatesto statutoiyor regulatory requirements,or if you haveanyquestionsor concerns,pleasefeel free to contactmeat(775) Sincerely, Tracy Moore DistanceEdricationPrograrnsProfessional TA/I/kjw CC: JenniferRanney,SchoolResourceDevelopment,AcademicaNevada Patick Gavui,Dtrector,StatePublic CharterSchoolAuthority KristineNelson,Director,Officeof CareerReadiness, Adult Learning& EducationOptions Michael Shafer, Chief Auditor 75

76 PINECREST ACADEMY OF NEVADA Cadence Campus Principal s Report: Tuesday, April 10, 2018 Location: Pinecrest Academy Inspirada Upcoming Dates: Enrollment see chart below STAR Data Highlights Since Baseline, Cadence has brought 40 students from non-proficient to proficient in math! Cadence has also brought 121 students from non-proficient to proficient in Reading. Most teachers are already exceeding a year of growth with their students in math, with some teachers as high as 3.0 years of growth on average. Kindergarten is exceeding expectations with Reading in Motion and working well with implementation. Elementary Reading and Math are showing proficiency increases from baseline. STAR Data Areas for Growth Pockets of teachers in elementary are working with Instructional Coach for implementation help and jackpot standard focuses. Secondary Literacy continues to be a focus for improvement. Teachers are working together across the system for consistency in the focus for curriculum. Teachers are also working more with the system ED Instructional Coach for instructional tips and lesson modeling. Reading has increased but the AR Series Reading needs to continue to be fine-tuned. Writing is improving with a more systematic approach. Dual Enrollment CSN is ready to enter a MOU with Pinecrest and we are working through the details of this. Grants and additional funding will need to be sought for sustainability. Communication Truancy Diversion Program o Hearings at School Cougar Column Faculty Focus Parent IMPACT Meeting Community & Partnership Updates Fox 5 and Channel 13 Vegas Strong Reports 10th Grade COH Trip 8th Grade Finance Park Trip Drone Technology is Coming to Pinecrest High! Industry Tech Certifications are coming to Pinecrest High! Apr Book Fair room Apr Chik fila Night! Ongoing Field Trips 76

77 PINECREST ACADEMY OF NEVADA Cadence Campus Seventh is the only grade level with no wait list. It is a bit of a fluke if you consider surrounding wait list. Nevertheless, there are 14 open spots. We are projecting 10 of the spots to go to retained students. Every other grade level is full with a wait list as illustrated in the Applied line. 77

78 PINECREST ACADEMY OF NEVADA Horizon Campus April 10, :30 pm Location: Inspirada Principal s Report: Lisa Satory Highlights We will be offering Pre-K and daycare services next year. We are currently in negotiations. GATE Kickoff for 2nd, 3rd, and 4th grades Genius Hour, Passion Projects, Inquiry Based Learning Spring Fundraiser Partnering with Nothing Bundt cakes, last year we raised +$7k for the school. All proceeds going to classroom technology sets; chromebooks and ipads. Book Fair! PTO donated $80 to every teacher for books in the classroom. Student Council sponsored food drive Collected enough shelf stable food for 360 lunches for homeless teens. Talent Show We had a great night of Talent. Cadence was gracious enough to let us use their stage. Google Expedition came and had each student experience Virtual Reality while the homeroom teachers taught a companion lesson. Testing Incentives- I Believe in my Selfie Fear Factor Challenge, Minute to Win in games, raffles, performances Special guest on April 30 after Opening Ceremonies Staffing Almost staffed for next year. One kinder, three second grade, and a music teacher remaining. Attending hiring fair in Minnesota. Registration 13 seats available. We have waitlists in every grade, although the waitlist in 1st and 3rd are less than 5. 5th grade also has a relatively short waitlist. Planning spring and summer marketing campaigns. Star Benchmark Data Since Baseline, Horizon has brought 58 students from non-proficient to proficient in math! Horizon has also brought 80 students from non-proficient to proficient in Reading! Average growth in 8th grade math is 4.2 grade equivalency. 2nd grade math has reached 87% proficiency Kindergarten baseline was 38% proficient and is now 75% proficient. Whole school, we have increased 12 percentage points in reading proficiency Whole school, we have increased 14 percentage points in math to 70% proficient. Plans for improvement After school tutoring offered at all grade levels Focus on reading interventions in 4th, 6th, and 7th. Provide additional staff support to those grade levels. Supplementing math fact fluency in 5th grade. Upcoming Dates 4/13 Middle School Dance at Legacy Golf Course 4/20/18 Field Day starting at 8:05am 5/4-5/5 5th Grade - Zion Trip 5/7-5/11 Teacher Appreciation Week 5/11 3rd Grade - Sea World Trip 5/ th Grade -Universal Studios Trip 5/ th/8th Grade -Disneyland Trip 5/16 Kindergarten Graduation 5/24 8th Grade Recognition 78

79 Pinecrest Inspirada Board Report April 10, 2018 I. Vacancies: As of April 02, 2018, we have three openings for the school year. We still need a fourth grade teacher, a music teacher and a Special Education Teacher. II. III. IV. STAR Update a. Every teacher at every grade level in grades 1-8 grew a full year or more in math from baseline to March (7 months). Special shout out to 7 th Grade as a whole as they grew by 3.2 years. b. In Reading, All grades grew by 7 months or more from baseline to March. Special shout out to eighth grade for growing 1.9 years. c. We have the most area of need in Reading, specifically understanding key details in a text. This is strand, RI.1. This is a low point in all grade levels. Working with more informational text in the classroom will help support growth in this area. Pinecrest Spelling Bee a. K-2 Division first place went to Ayaan Patel, a second grader at Inspirada b. 3-5 Division first place went to Arvin Rajkumar, a third grader at Inspirada c. Middle School Division contest to be held on March 05, 2018 Upcoming Events a. April 20 Career Day b. April 25 Fourth Grade day trip to Carson City c. April Fifth Grade field trip to Grand Canyon d. May th and 8 th Grade Oceanography trip e. May Third Grade field trips to Mt. Charleston Pioneering our Future... One Child at a Time! 79

80 PINECREST ACADEMY OF NEVADA St. Rose Campus School Board Meeting April 2018 Principal Report The following items have been implemented successfully since our last Board Meeting: 1582 kids are on the wait list for school year. Elementary is at full capacity and we are short 3 students in 6 th, 7 th, and 8 th grades. This is 197 more students than last month. All of our teacher positions are filled except for a 5 th grade vacancy. Our teachers have exceeded our Donor s Choose goal by almost $2,000 - raising close to $30, this year. ALL Middle School Academic Plans have been completed. These plans were completed in class with help from Ms. Garcia and Mrs. Moreno. Teachers and admin met with each family to review student goals and obtain parent signatures. Test-a-palooza Assemblies will be taking place on April 4 th and 5 th. Our theme this year is Glow Up. Our astrology elective has been a great success this semester. We expect lots of students to apply for it next year. Middle School semi-formal dance will be April 24 th from 6-8pm at the Revere Golf Course. Our Cookie Dough sales brought in $11,000 in fundraising. The Talent Show will be April 19 th. We are partnering with a conversational English class at a school in the Dominican Republic, Hogar de Nino. Our conversational Spanish students will be meeting weekly with them digitally to practice dialogue and learn about each other s culture. 80

81 PINECREST ACADEMY OF NEVADA St. Rose Campus The Student Staff Basketball Game was March 2 nd. Our Staff took home the win for the third year in a row! St. Rose took 30 Science Experiments and Inventions to the UNLV Science Fair this month. Our students have read over 45,000 books so far this year, which has earned us over 65,000 AR Points. 81

82 PINECREST ACADEMY OF NEVADA Supporting Document Meeting Date: April 10, 2018 Agenda Item: 5 Discussion Regarding Nevada School Performance Framework and the Bearing on Amendments and Expansion Number of Enclosures: SUBJECT: Nevada School Performance Framework Action Appointments Approval Consent Agenda X Information Public Hearing Regular Adoption Presenter (s): Ryan Reeves Recommendation: Proposed wording for motion/action: Fiscal Impact: N/A Estimated Length of time for consideration (in minutes): 7-9 minutes Background: Submitted By: Staff 82

83 PINECREST ACADEMY OF NEVADA Supporting Document Meeting Date: April 10, 2018 Agenda Item: 6 Discussion and Possible Action Regarding the Approval of the Weighted Lottery Policy Number of Enclosures: 1 SUBJECT: Weighted Lottery Policy X Action Appointments Approval Consent Agenda Information Public Hearing Regular Adoption Presenter (s): Colin Bringhurst Recommendation: Proposed wording for motion/action: Move to approve the Weighted Lottery Policy Fiscal Impact: N/A Estimated Length of time for consideration (in minutes): 5-7 minutes Background: Under the direction of the SPCSA, staff is proposing that we adopt the Weighted Lottery Policy, pursuant to the Nevada Department of Education Regulation R Sec. 12 and described in the attached policy. Submitted By: Staff 83

84 Weighted Lottery Policy Pursuant to the Nevada Department of Education Regulation R Sec. 12, Pinecrest Academy of Nevada adopts this policy to ensure that the student populations of Pinecrest Academy schools will closely resemble the student populations of the community where the school is located. Pinecrest Academy will accomplish this by giving a weighted preference of 1.25 in its enrollment lotteries to students who qualify for free and reduced lunch. The weighted lottery will take place only if it is determined that the percentage of students at the Pinecrest Academy campus who qualify for free and reduced lunch is more than or equal to ten percent (10%) below the average of the three closest Clark County School District attendance zoned middle and elementary schools. The process for the weighted lottery will be as follows: 1) Prior to the enrollment lottery at each Pinecrest campus, Pinecrest will calculate the average percentage of students who qualify for free and reduced lunch at the three closest middle and elementary schools ( FRL Comparison %). The closest schools will be determined by distance between the Pinecrest campus and the other school on Google Maps. The free and reduced lunch percentages will be taken from 2) The FRL Comparison % will then be compared to the free and reduced lunch percentage at the Pinecrest campus ( Pinecrest FRL %). 3) If the FRL Comparison % is more than or equal to ten percent (10%) greater than that of the Pinecrest campus, the weighted lottery will apply. If the FRL Comparison % is less than ten percent (10%) greater than that of the Pinecrest campus, the weighted lottery will not apply. Example #1: if the FRL Comparison % is 50% and the Pinecrest FRL % is 40%, the weighted lottery will apply. Example #2: if the FRL Comparison % is 50% and the Pinecrest FRL % is 41%, the weighted lottery will not apply. 4) If the weighted lottery is applied, a weight of 1.25 will be added to each applicant who qualifies for free and reduced lunch. 5) Pinecrest Academy s enrollment application will be revised to request that applying students inform Pinecrest Academy whether they are: a. Eligible for TAF b. Qualified for a free or reduced price lunch at their previous school, or c. Are eligible to receive a free or reduced price lunch 6) Any student who is accepted for enrollment based upon the weighted lottery system will be asked to provide a signed application for the Free and Reduced Lunch program as part of their enrollment process. Any refusal to provide the signed application or other 84

85 documentation necessary to validate eligibility for the weighted lottery enrollment which has been awarded will result in the student being reentered into the enrollment lottery. 85

86 PINECREST ACADEMY OF NEVADA Supporting Document Meeting Date: April 10, 2018 Agenda Item: 7 Approval of the Executive Director s Off-Site Lease Agreement and Necessary Improvements Number of Enclosures: 2 SUBJECT: Executive Director s Office Lease Action Appointments Approval X Consent Agenda Information Public Hearing Regular Adoption Presenter (s): Executive Director Buck Recommendation: Proposed wording for motion/action: Move to approve the Executive Director s off-site lease agreement and necessary improvements. Fiscal Impact: N/A Estimated Length of time for consideration (in minutes): 7-10 minutes Background: To alleviate the impact the Executive Director s office has on the campus where it resides, while providing the necessary space, other solutions were explored. The Board is being asked to approve an off-site lease and the necessary improvements for the proposed Executive Director s office. Submitted By: Staff 86

87 April 6, 2018 Laramie R Bracken Gatski Commercial Re: Letter of Intent to Lease at Foothills Plaza Dear Laramie: On behalf of Pinecrest Academy, (Tenant), please see the following terms as an offer to Lease space at 1450 Horizon Ridge Parkway, Suite C-208 & 210, Henderson, NV 89012: PROJECT: PREMISES: TENANT: PERSONAL GUARANTOR: LEASE TERM: OCCUPANCY DATE: RENT COMMENCEMENT: BASE RENT: ANNUAL INCREASES: Foothills Plaza 1450 Horizon Ridge Parkway Suite C-208 & 210, consisting of approximately 2,105 rentable square feet of retail space. Pinecrest Academy TBD Forty-eight (48) Months from the Rent Commencement Date. Upon full execution of the lease Upon the earlier of One hundred twenty (120) days after the Occupancy Date or the Tenant opening for business. The period between the Occupancy Date and The Rent Commencement Date shall be considered a fixturization period to complete Tenants work and the Tenant shall not be subject to base rent. The monthly base rent shall be calculated at $1.10 per square foot on a NNN basis and equal to Two thousand three hundred fifteen and 50/100 Dollars ($2,315.50) for the first twelve months of the lease. The base rent shall increase per the following rent schedule: Months $2, p/m ($1.15 psf) Months $2, p/m ($1.20 psf) Months $2, p/m ($1.25 psf) ADDITIONAL RENT NNN/CAM: The Tenant shall pay its proportionate share of the projects NNN/CAM fees currently estimated to be $0.33 psf and equal to $ O F DEAN MARTIN DRIVE LAS VEGAS NV

88 USE: TENANT IMPROVEMENTS: The Tenant shall use the premises as corporate offices for a charter school. The Landlord shall be responsible to warranty the good working condition of the existing mechanical, electrical, plumbing, and HVAC systems prior to possession of the unit by Tenant. The Tenant shall be responsible for the HVAC system per the lease language. At any time during the lease should the HVAC require repair or replacement in excess of $1, during any lease year the Landlord shall be responsible for 100% of the cost in excess of $1, The Tenant shall be responsible for its own improvements and shall accept the premises in as-is condition except for those items specifically listed above. SIGNAGE: PAYMENTS UPON EXECUTION: FINANCIALS AND REFERENCES: AGENCY DISCLOSURE: The Tenant shall be permitted to install exterior signage on the building per the signage criteria at the center and shall have pylon signage installed by the Tenant at no additional monthly cost. The Tenant shall upon execution of the lease submit funds equal to the first month s rent, estimated CAM/NNN fees, and a security deposit equal to the last month s rent and estimated CAM/NNN fees. The terms of this Letter of Intent are subject to final review and approval Tenant s financials and references, which shall take place prior to execution of a Lease. Both parties acknowledge that Laramie Bracken of Gatski Commercial represents the Landlord, and Brenda Olson of Gatski Commercial represents the Tenant. We look forward to receipt of your acceptance of this proposal in the very near future. Please be advised that this proposal shall not constitute or represent a legally binding agreement but only an expression of the parameters for discussion by the parties, and is subject to the negotiation, review and approval and execution of a formal Lease by appropriate representatives of both parties. The Tenant respectfully requests that the Landlord respond to this Letter of Intent by no later than 5:00 pm on April 13, Sincerely, Brenda Olson Gatski Commercial O F DEAN MARTIN DRIVE LAS VEGAS NV

89 AGREED TO AND ACCEPTED: Dated this day of 2018 LANDLORD: Foothills Nevada, LLC a Nevada limited liability company Corona Capo Nevada, LLC a Nevada limited liability company, and RSM Arbours, L.P., a California limited partnership, as Tenants in Common TENANT: Pinecrest Academy By: Jeffrey D Parker Attorney in Fact, Manager, and Agent for Landlord By: Print: Title: O F DEAN MARTIN DRIVE LAS VEGAS NV

90 February 22, 2018 Gatski Commercial Real Estate 4755 Dean Martin Drive Las Vegas, NV Attn: Laramie Bracken RE: Foothills Plaza Suite 180 TI Bid Dear Laramie, We appreciate the opportunity to provide a proposal on the Tenant Improvement at Foothills Plaza, Suite 180. Our proposal is based on the following assumptions, conditions, and clarifications. General Construction 1. We have included supervision as needed to insure schedule, safety and quality. 2. We have included an allowance for permits and fees on this project. 3. We have not included any costs for architectural drawings in this proposal. 4. Construction insurance will include general liability insurance. We have not included builder s risk insurance in this proposal. 5. Work was calculated during normal business hours. Demolition 1. Demolition to include removal of slot panels in open office area, as well as removing security doors and sheetrock covering storefront. Framing / Drywall / Acoustical / Painting 1. We have included all framing, drywall, and painting to accomplish new floor plan. 2. Framing to include steel studs to the deck at 16 feet for two new front offices & conference room. 3. Drywall to include 5/8 type x standard drywall to match existing. 4. We have included painting of all interior office walls. Flooring 1. Flooring to include installation of new carpet and vinyl cove base as needed to accomplish new floor plan. Carpet to be Shaw Patcraft or equal Wagon Trail Avenue Las Vegas, Nevada Tel: Fax: License #

91 Foothills Plaza, Suite 180 February 22nd, 2018 Page 2 Doors & Hardware 1. We have included installation of 2 new doors to accomplish new floor plan, to match existing as close as possible. Fire Sprinklers 1. We have included adding of chrome, semi-recessed sprinklers as needed per code. Mechanical 1. We have included 2 new supply air diffusers and return air grilles as needed. Electrical 1. We have included 2x4 fixtures to match existing and all material to provide a complete and operable electrical system as required for the new energy code. 2. We have included relocation of 1 horn strobe. Due to the extreme volatility in all material prices, NGC can only hold pricing for this proposal for (25) days. If NGC has not received a letter of intent or a contract within (25) days of the date of this proposal, we reserve the right to modify this proposal. The total proposed for the above described work is FIFTY THOUSAND, ONE HUNDRED AND SEVENTY-FOUR DOLLARS, $50, Thank you again for the opportunity to provide a proposal on your project. We look forward to the opportunity of working with you on your new development. If we can be of any further assistance or help answer any questions or comments, you may contact me at (702) Yours truly, Mike DiFabbio Nevada General Construction 91

92 PINECREST OFFICES & COLLABORATION SPACE Q & A 92

93 C A M P U S P R O X I M I T Y 5 miles 6 miles 6 miles 10 miles 93

94 94