Citizens of the World Los Angeles - Financial Dashboard (September 2014)

Transcription

1 Citizens of the World Los Angeles - Financial Dashboard (September 2014) Key Performance Indicators ADA vs. Budget 934 Cash on Hand 45 Net Income / (Loss) Year End Cash 374, ADA & Enrollment KEY POINTS CWC LA Enrollment/ADA: At the end Month 2, student enrollment was 984, 58 fewer than P2 budget (HW-0, SL -4, MV -54), and ADA% was 96.3%, 1.6% above budget. P2 ADA is projected to be 934.0, 52.5 under budget. CWC LA Net Income: FY net income is projected to be $374K, $64K under budget. Key drivers: CWC MV is underenrolled, ASP revenue at CWC SL and CWC MV is under budget (offset in part by less expenses), higher special education expenses at CWC SL, and investment to improve internet speed/quality. CWC School Net Income: CWC HW $273K (+$131K vs. Budget), CWC SL $21K (-$136K), CWC MV $21K (-$113K), and CWC RSO $60K (+$54K). Cash: CWC LA is projected to have positive cash throughout the year. CWC SL has two months of cash deficit in spring. Debt: CWC LA has total debt of $1.24 million and is projected to make principal payments of $315K by year-end. Enrollment Actual ADA Budget ADA Average ADA Category Actual through Month 2 ADA Analysis Forecasted P2 Budgeted P2 Better/(Worse) Prior Year P2 Enrollment ,042 (52) 337 ADA % 96.3% 94.9% 94.7% 0.2% 95.7% Average ADA (52.50) Revenue & Expenses per ADA Category Budget Forecast Revenue 10,981 11,000 Revenue w/o Fundraising 9,663 9,674 Expense 10,536 10,600 FY YTD Variance INCOME STATEMENT Actual YTD Budget YTD B/(W) Forecast FY Forecast Budget Variance B/(W) FY Actual LCFF 520, ,890 9,775 6,569,208 64% 6,979,414 64% (410,206) 4,505,989 60% Federal Revenue 44,104 24,135 19, ,918 9% 849,750 8% 30, ,844 10% State Revenue 72,454 71,253 1, ,650 9% 874,139 8% 35, ,788 9% Other Local Revenue 67, ,382 (40,589) 676,533 7% 828,732 8% (152,199) 524,456 7% Grants/Fundraising 207,886 97, ,413 1,238,575 12% 1,300,095 12% (61,520) 1,101,130 15% TOTAL REVENUE 912, , ,769 10,273,884 10,832,129 (558,245) 7,569,207 Certificated Salaries 526, ,135 52,871 3,439,218 35% 3,689,166 35% 249,948 2,799,185 39% Classified Salaries 334, ,479 29,329 1,913,422 19% 2,048,693 20% 135,271 1,241,119 17% Benefits 169, ,682 87,871 1,014,078 10% 1,118,061 11% 103, ,801 11% Student Supplies 90, , , ,562 7% 726,267 7% (15,295) 468,818 6% Operating Expenses 394, , ,504 2,668,688 27% 2,696,321 26% 27,633 1,902,670 26% Other 18,439 16,251 (2,188) 122,659 1% 114,917 1% (7,743) 69,740 1% TOTAL EXPENSES 1,533,751 2,042, ,144 9,899,628 10,393, ,797 7,251,333 INCOME / (LOSS) (620,849) (1,230,762) 609, , ,705 (64,449) 317,874 $2,000 $1,800 $1,600 $1,400 $1,200 Cash Balance (in $1,000's) Balance Sheet 6/30/2014 8/31/2014 9/30/2014 6/30/2015 Forecast Assets Cash 1,002,541 1,575,779 1,218, ,573 Accounts Receivable 1,290, ,193 75,224 1,215,444 Due From Others 5,528 35,297 22,209 20,289 Other Assets 69,117 12,839 12,839 95,395 Net Fixed Assets 93,197 96, ,457 80,508 Notes $1,000 $800 $600 $400 $200 $- Assets 2,460,686 1,849,274 1,450,741 2,178,210 Liabilities A/P & Payroll 273,901 55,206 21, ,843 Due to Others 115,078 2,326 3,126 0 Deferred Revenue 89,764 75,078 75,078 0 Debt 1,250,000 1,250,000 1,239, ,167 Liabilities 1,728,742 1,382,610 1,339,645 1,072,010 Actual and Projected Cash Budget (Approved) PY Cash Y/E Cash Balance Projected Budget Variance 766, ,887 8,686 Equity Beginning Fund Bal. 414, , , ,944 Net Income/(Loss) 317,874 (265,280) (620,847) 374,256 Equity 731, , ,096 1,106,200 Liabilities & Equity 2,460,686 1,849,274 1,450,741 2,178,210 Available Line of Credit Days Cash on Hand > 45 days is good Cash Reserve % 14% 16% 12% 8% 1

2 Citizens of the World Los Angeles Financial Analysis September 2014 Board Attention CWC SL and CWC MV are both projected to have large negative variances to budgeted net income. CWC MV s projected net income is $113K less than budget due to lower enrollment. CWC SL s projected net income is $136K less than budget due additional special education expenses, delay in offering ASP enrichment courses, and costs related to upgrading internet. Furthermore, CWC SL is projected to have negative cash balances within that will be funded through holding accounts payable and intra-company loan from CWC RSO. CWC SL may have cash flow issues in CWC SL and CWC MV should both take immediate steps to reduce expenditures. Net Income Citizens of the World Los Angeles is projected to achieve a net income of $374K in FY14-15 compared to $439K in the board approved budget. Reasons for this negative variance of $64K are explained below in the Income Statement section of this analysis. Balance Sheet As of September 30, 2014, the organization s cash balance was $1,218K. By June 30, 2015, the organization s cash balance is projected to be $767K. As of September 30, 2014, the Accounts Receivable balance was $75K. As of September 30, 2014, the Accounts Payable balance, including payroll liabilities, totaled $22K. As of September 30, 2014, CWC LA had a debt balance of $1,240K compared to $1,250K in the prior month. Income Statement Revenue revenue for FY14-15 was $10,274K, which is $558K or 5% under (i.e., worse than) budgeted revenue of $10,832K. The variance is explained by the following: Local Control Funding Formula is under budget by $410K due to lower enrollment at CWC MV and CWC SL Title I, A Basic Grants Low-Income is under budget by $23K due to 1) CWC MV where a low revenue estimate is used as school was not included in preliminary entitlement listing. Based on conversations with the California Department of Education, it is likely that CWC MV will receive Title I funds. 2) CWC SL whose Title I preliminary entitlement was lower than budget. This report will discuss revenue and expenditure variances from the Board-approved budget that are above $20,000 and 10%. 2

3 Title V, B Charter Schools Grants is under budget by $31K due to fewer expenses at CWC MV to be reimbursed by PCSGP program. This number will fluctuate throughout the year as expenditures are allocated to PCSGP All Other Federal Revenue is over budget by $91K due to CWC HW receiving the Facilities Incentive Grant which is a federal program that can be used to reimburse schools for Prop. 39 rent expenses Special Ed - AB602 is under budget by $20K due to lower enrollment at CWC MV All Other State Revenues is over budget by $66K due to one -time mandated program passed in California s State Budget All Other Local Revenue is under budget by $148K due to 1) CWC MV which is modifying its after-school program and 2) CWC SL given revised assumptions of participation of students participating part-time in ASP, delay in offering enrichment courses, and lowering in pricing Fundraising is under budget by $62K due primarily to lower enrollment at CWC MV. Expenses expenses for FY14-15 are projected to be $9,900K, which is $494K or 5% under (i.e., better than) budgeted expenditures of $10,393K. The variance is explained by the following: Teachers' Salaries is under budget by $137K due to fewer teachers at CWC MV given the lower enrollment and the classification of intervention specialist positions at CWC SL as classified (2100 Instructional Aides) rather than certificated Stipends/Extra Duty is under budget by $28K due to the elimination of budgeted stipends at CWC SL and CWC MV and reclassification of CWC SL Instructional Coach to Certificated Supervisor (1300) Certificated Supervisor and Administrator Salaries is under budget by $65K due to postponement in hiring new CWC LA Executive Director until May 2015 but offset by reclassification of CWC SL Instructional Coach to 1300 Certificated Supervisor from Stipends Instructional Aide Salaries is over budget by $10K due to reclassification of Intervention Specialists for CWC HW and CWC SL as classified positions, additional special education support staff at CWC HW, and reduction of staff and costs at CWC MV Classified Supervisor and Administrator Salaries is under budget by $44K due to classification of one RSO position as certificated rather than classified and savings from open RSO positions Clerical/Technical/Office Staff Salaries is under budget by $28K primarily due to CWC HW given restructuring of office staff and reclassification of one position as classified instructional aide Other Classified Salaries (After School Program) is under budget by $74K due to CWC MV modifying after-school program Workers' Compensation is under budget by $78K due to actuals coming in under budget. This report will discuss revenue and expenditure variances from the Board-approved budget that are above $20,000 and 10%. 3

4 4400 Non Capitalized Equipment is over budget by $23K due primarily to additional expenses at CWC SL related to expenditures to improve internet network and additional computers (may be reimbursed by PCSGP) Rent is under budget by $153K due to lower rent expenses at CWC HW, CWC SL, and CWC MV and refund of CWC MV payment to LAUSD related to Prop Non Instructional Consultants is over budget by $48K due to consultant for Charter Renewal being more expensive and inclusion of additional process consultants Instructional Consultants is over budget by $69K due to 1) higher special education costs at CWC SL, 2) higher ASP enrichment consultant costs at CWC HW, 3) lower ASP enrichment costs at CWC SL and CWC MV given changes to these schools ASP programs Communications is over budget by $42K due to purchasing more expensive, higher quality internet/data service at each school site Indirect Costs. Given projected RSO savings, the indirect expenses each school pays to the RSO has been lowered as a percentage of state revenue (LCFF and State Lottery). ADA Budgeted average P-2 ADA for FY14-15 is based on an enrollment of 1,042 and a 94.7% attendance rate. The forecast assumes P-2 ADA of based on an enrollment of 990 and a 94.9% attendance rate. In Month 2, ADA was with 984 students enrolled at the end of the month and a 96.2% ADA rate. Average ADA for the year (through Month 2) is (and a 96.3% ADA rate for the year to date). This report will discuss revenue and expenditure variances from the Board-approved budget that are above $20,000 and 10%. 4

5 Citizens of the World Hollywood - Financial Dashboard (September 2014) Key Performance Indicators ADA vs. Budget 387 Cash on Hand 29 Net Income / (Loss) Year End Cash 273, ADA & Enrollment KEY POINTS Enrollment/ADA: At the end Month 2, student enrollment was 404, equal to budget, and ADA% was 96.8%, 0.3% above budget. P2 ADA is projected to be just under budget. Net Income: FY net income is projected to be $173K, $131K above budget. Items to note: 1) CWC HW has been awarded Facilities Incentive Grant, 2) Prop. 39 expenses are under budget, and 3) indirect expenses to CWC RSO are under budget. Cash: CWC HW is projected to have positive cash throughout the year.. Debt: CWC HW has no debt Enrollment Budget P-2 ADA Actual ADA Average ADA Category Actual through Month 2 ADA Analysis Forecasted P2 Budgeted P2 Better/(Worse) Prior Year P2 Enrollment ADA % 96.8% 96.0% 95.6% 0.3% 95.7% Average ADA (0.24) Revenue & Expenses per ADA Category Budget Forecast Revenue 10,068 10,427 Revenue w/o Fundraising 8,693 9,051 Expense 9,700 9,720 FY YTD Variance INCOME STATEMENT Actual YTD Budget YTD B/(W) Forecast FY Forecast Budget Variance B/(W) FY Actual LCFF 215, ,468 (5,748) 2,589,929 64% 2,591,144 66% (1,215) 1,860,069 60% Federal Revenue 20,639 10,650 9, ,370 7% 174,851 4% 95, ,420 5% State Revenue 32,014 31, ,548 8% 281,897 7% 24, ,080 9% Other Local Revenue 60,599 35,355 25, ,118 8% 317,637 8% 17, ,675 12% Grants/Fundraising 109,318 45,629 63, ,575 13% 532,575 14% 0 436,983 14% TOTAL REVENUE 438, ,543 93,747 4,034,540 3,898, ,436 3,087,227 Certificated Salaries 207, ,102 7,340 1,382,594 37% 1,391,348 37% 8,754 1,159,833 38% Classified Salaries 113, ,406 20, ,273 20% 730,413 19% (16,860) 562,006 18% Benefits 61,793 90,367 28, ,361 11% 395,716 11% (13,646) 331,876 11% Student Supplies 36,202 63,486 27, ,390 7% 243,308 6% (3,083) 158,878 5% Operating Expenses 35, ,169 74, ,426 17% 628,214 17% ,267 20% Other 86,818 87, ,041 9% 366,545 10% 18, ,917 8% TOTAL EXPENSES 541, , ,786 3,761,086 3,755,543 (5,543) 3,079,778 INCOME / (LOSS) (102,827) (355,360) 252, , , ,893 7,448 $450 $400 $350 $300 $250 $200 $150 $100 $50 Cash Balance (in $1,000's) Balance Sheet 6/30/2014 8/31/2014 9/30/2014 6/30/2015 Forecast Assets Cash 179, , , ,651 Accounts Receivable 420,900 61,089 28, ,555 Due From Others Other Assets 1, ,070 Net Fixed Assets ,408 3,962 Assets 602, , , ,238 Liabilities A/P & Payroll 92, (1,662) 53,321 Due to Others 56, ,206 0 Deferred Revenue 14, Debt Notes $- Liabilities 163, (456) 53,321 Actual and Projected Cash Budget (Approved) PY Cash Y/E Cash Balance Projected Budget Variance 234, ,796 3,856 Equity Beginning Fund Bal. 432, , , ,462 Net Income/(Loss) 7,448 (53,132) (102,828) 273,454 Equity 439, , , ,917 Liabilities & Equity 602, , , ,238 Available Line of Credit Days Cash on Hand > 45 days is good Cash Reserve % 6% 9% 8% 6% 5

6 Citizens of the World Hollywood Financial Analysis September 2014 Net Income Citizens of the World Hollywood is projected to achieve a net income of $273K in FY14-15 compared to $143K in the board approved budget. Reasons for this positive variance of $131K are explained below in the Income Statement section of this analysis. Balance Sheet As of September 30, 2014, the school s cash balance was $296K. By June 30, 2015, the school s cash balance is projected to be $235K. As of September 30, 2014, the Accounts Receivable balance was $28K. As of September 30, 2014, the Accounts Payable balance, including payroll liabilities, totaled $-2K. As of September 30, 2014, CWC HW had a debt balance of $0K. Income Statement Revenue revenue for FY14-15 was $4,035K, which is $136K or 4% over (i.e., better than) budgeted revenue of $3,898K. The variance is explained by the following: All Other Federal Revenue is over budget by $91K due to CWC HW receiving the Facilities Incentive Grant which is a federal program that can be used to reimburse schools for Prop. 39 rent expenses All Other State Revenues is over budget by $21K due to one -time mandated program passed in California s State Budget All Other Local Revenue is over budget by $17K due to Summer Camp generating more revenue than budged. Expenses expenses for FY14-15 are projected to be $3,761K, which is $6K or 0% over (i.e., worse than) budgeted expenditures of $3,756K. The variance is explained by the following: 2100 Instructional Aide Salaries is over budget by $33K due to reclassification of Intervention Specialists and hiring of one additional Special Education staff Clerical/Technical/Office Staff Salaries is under budget by $24K due to restructuring of office staff and reclassification of one position as classified instructional aide Health & Welfare is over budget by $36K due to additional staff members receiving health benefits Workers' Compensation is under budget by $23K reflecting actuals. This report will discuss revenue and expenditure variances from the Board-approved budget that are above $12,000 and 10%. 6

7 Instructional Consultants is over budget by $21K due to afterschool enrichment course providers being more expensive than budgeted for Trimester # Indirect Costs is under budget by $18K as the RSO has pushed savings to the schools. ADA Budgeted average P-2 ADA for FY14-15 is based on an enrollment of 404 and a 95.6% attendance rate. The forecast assumes P-2 ADA of based on an enrollment of 404 and a 96.0% attendance rate. In Month 2, ADA was with 404 students enrolled at the end of the month and a 96.8% ADA rate. Average ADA for the year (through Month 2) is (and a 96.8% ADA rate for the year to date). This report will discuss revenue and expenditure variances from the Board-approved budget that are above $12,000 and 10%. 7

8 Citizens of the World Silverlake - Financial Dashboard (September 2014) Key Performance Indicators ADA vs. Budget 350 Cash on Hand 25 Net Income / (Loss) 20,521 Year End Cash ADA & Enrollment KEY POINTS Enrollment/ADA: At the end Month 2, student enrollment was 373, 4 fewer than budget, and average ADA% was 95.7%, 2.1% above budget. Net Income: FY net income is projected to be $21K, $136K less than budget. Items to note: 1) ASP revenue is less than budget due to delay in launching enrichment courses and lower assumption of days of participation for part-time students, 2) Special Education expenses are above budget reflecting additional services and projected IEP assessments, and 3) Internet upgraded - increased bandwidth, equipment, and fees to LAUSD to separate network. Cash: CWC SL is projected to have negative cash in the spring that will require borrowing from RSO and accounts payables to be held. Debt: CWC SL has $540K in debt and is scheduled to make $142K of principal payments by end of fiscal year. CWC SL should take action to reduce expenditures. 330 Enrollment Actual ADA Budget ADA Average ADA ADA Analysis Category Actual through Forecasted P2 Month 2 Budgeted P2 Better/(Worse) Prior Year P2 Enrollment (1) 284 ADA % 95.7% 93.7% 93.6% 0.1% 93.7% Average ADA (3.43) Revenue & Expenses per ADA Category Budget Forecast Revenue 10,892 10,853 Revenue w/o Fundraising 9,511 9,477 Expense 10,448 10,795 FY YTD Variance INCOME STATEMENT Actual YTD Budget YTD B/(W) Forecast FY Forecast Budget Variance B/(W) FY Actual LCFF 181, ,605 (2,498) 2,389,082 63% 2,404,565 63% (15,482) 1,554,145 55% Federal Revenue 18,524 8,827 9, ,560 6% 228,103 6% (3,543) 369,760 13% State Revenue 26,517 26, ,698 12% 414,044 11% 34, ,835 10% Other Local Revenue 7,195 50,408 (43,213) 252,158 7% 312,076 8% (59,918) 113,206 4% Grants/Fundraising 77,480 27,868 49, ,280 13% 487,680 13% (6,400) 492,695 17% TOTAL REVENUE 310, ,770 14,053 3,795,778 3,846,467 (50,689) 2,823,641 Certificated Salaries 187, ,345 4,606 1,197,346 32% 1,234,325 33% 36, ,145 35% Classified Salaries 111, ,746 (9,945) 653,671 17% 621,099 17% (32,572) 357,855 13% Benefits 61,147 83,660 22, ,205 9% 366,588 10% 29, ,655 9% Student Supplies 36,183 47,490 11, ,472 6% 210,452 6% (28,020) 163,450 6% Operating Expenses 155, ,787 30,093 1,007,153 27% 908,357 25% (98,796) 756,337 28% Other 86,485 83,009 (3,476) 341,410 9% 348,884 9% 7, ,467 9% TOTAL EXPENSES 638, ,037 55,098 3,775,257 3,689,705 (85,552) 2,696,908 INCOME / (LOSS) (328,116) (397,267) 69,151 20, ,762 (136,240) 126,733 $600 Cash Balance (in $1,000's) Balance Sheet 6/30/2014 8/31/2014 9/30/2014 6/30/2015 Forecast Assets Notes $500 $400 $300 Cash 357, , ,575 68,783 Accounts Receivable 368,942 35,239 20, ,293 Due From Others 1,043 1, Other Assets 16,628 12,839 12,839 50,040 Net Fixed Assets 88,089 85,184 85,084 63,341 $200 $100 $- Assets 831, , , ,457 Liabilities A/P & Payroll 90,201 26,400 20,014 51,921 Due to Others 52,597 1,920 1,920 0 Deferred Revenue 35,601 35,601 35,601 0 Debt 550, , , ,500 $(100) Liabilities 728, , , ,421 $(200) Actual and Projected Cash Budget (Approved) PY Cash Y/E Cash Balance Projected Budget Variance 68, ,902 (64,119) 8 Equity Beginning Fund Bal. (23,218) 103, , ,515 Net Income/(Loss) 126,733 (143,482) (328,116) 20,521 Equity 103,515 (39,967) (224,601) 124,036 Liabilities & Equity 831, , , ,457 Available Line of Credit Days Cash on Hand > 45 days is good Cash Reserve % 13% 12% 7% 2%

9 Citizens of the World Silverlake Financial Analysis September 2014 Board Attention CWC SL s projected net income is $136K less than budget due additional special education expenses, delay in offering ASP enrichment courses, and costs related to upgrading internet. Furthermore, CWC SL is projected to have negative cash balances within that will be funded through holding accounts payable and intra-company loan from CWC RSO. CWC SL may have cash flow issues in CWC SL should both take immediate steps to reduce expenditures. Net Income Citizens of the World Silverlake is projected to achieve a net income of $21K in FY14-15 compared to $157K in the board approved budget. Reasons for this negative variance of $136K are explained below in the Income Statement section of this analysis. Balance Sheet As of September 30, 2014, the organization s cash balance was $255K. By June 30, 2015, the organization s cash balance is projected to be $69K. As of September 30, 2014, the Accounts Receivable balance was $20K. As of September 30, 2014, the Accounts Payable balance, including payroll liabilities, totaled $20K. As of September 30, 2014, CWC SL had a debt balance of $540K compared to $550K in the prior month. Income Statement Revenue revenue for FY14-15 was $3,796K, which is $51K or 1% under (i.e., worse than) budgeted revenue of $3,846K. The variance is explained by the following: Expenses Local Control Funding Formula is under budget by $15K due to lower enrollment at CWC SL Title I, A Basic Grants Low-Income is under budget by $10K due preliminary entitlement being was lower than budget All Other State Revenues is over budget by $36K primarily due to one -time mandated program passed in California s State Budget All Other Local Revenue is under budget by $59K due to revised assumptions of participation of part-time students in after-school program, delay in offering enrichment courses, and lower prices than budgeted. This report will discuss revenue and expenditure variances from the Board-approved budget that are above $12,000 and 10%. 9

10 expenses for FY14-15 are projected to be $3,775K, which is $86K or 2% over (i.e., worse than) budgeted expenditures of $3,690K. The variance is explained by the following: Teachers' Salaries is under budget by $41K due to classification of intervention specialist positions as classified (2100 Instructional Aides) rather than certificated Stipends/Extra Duty is under budget by $13K due to the elimination of budgeted stipends and reclassification of Instructional Coach to Certificated Supervisor (1300) Certificated Supervisor and Administrator Salaries is over budget by $24K due to reclassification of CWC SL Instructional Coach to 1300 Certificated Supervisor from Stipends Instructional Aide Salaries is over budget by $45K due to reclassification of Intervention Specialists as classified positions Workers' Compensation is under budget by $26K due to actuals coming in under budget Non Capitalized Equipment is over budget by $20K due to additional expenditures to improve internet network (may be capitalized) and additional computers (may be reimbursed by PCSGP) Rent is under budget by $27K due to lower rent expenses at CWC SL and classification of RSO fees for use of Assistance League building to 5610 Rent rather than 5500 Operations Instructional Consultants is over budget by $86K due to higher special education costs offset by lower ASP enrichment costs Communications is over budget by $22K due to purchasing more expensive, higher quality internet/data service Indirect Costs. Given projected RSO savings, the indirect expenses each school pays to the RSO has been lowered as a percentage of state revenue (LCFF and State Lottery). ADA Budgeted average P-2 ADA for FY14-15 is based on an enrollment of 377 and a 93.6% attendance rate. The forecast assumes P-2 ADA of based on an enrollment of 376 and a 93.7% attendance rate. In Month 2, ADA was with 373 students enrolled at the end of the month and a 95.8% ADA rate. Average ADA for the year (through Month 2) is (and a 95.7% ADA rate for the year to date). This report will discuss revenue and expenditure variances from the Board-approved budget that are above $12,000 and 10%. 10

11 Citizens of the World Mar Vista - Financial Dashboard (September 2014) Key Performance Indicators ADA vs. Budget 197 Cash on Hand 91 Net Income / (Loss) 20,597 Year End Cash ADA & Enrollment Enrollment Actual ADA Budget ADA Average ADA KEY POINTS Enrollment/ADA: At the end Month 2, student enrollment was 207, 54 fewer than budget, and ADA% was 96.6%, 2.3% above budget. P2 ADA is projected to be 197, 49 fewer than budget. Net Income: FY net income is projected to be $21K, $113K less than budget. Items to note: 1) ADA is below budget due to one fewer classroom and under enrollment, 2) PCSGP projected to be under budget, 3) ASP revenue decreased due to ASP regular transitioning to outsourced provider and school offering fewer enrichment courses, 4) decreased fundraising revenue given fewer students, 5) reduction in staff given fewer students, 6) reduction in rent, 7) reduction in ASP enrichment consultants (instructional consultants), and 8) reduction in indirect expenses. Cash: CWC MV is projected to have positive cash throughout the year. Debt: CWC MV has $700K in debt and is scheduled to make $173K of principal payments by end of fiscal year. CWC MV should take action to reduce expenditures. Category Actual through Month 2 ADA Analysis Forecasted P2 Budgeted P2 Better/(Worse) Prior Year P2 Enrollment (51) 163 ADA % 96.6% 94.9% 94.3% 0.6% 94.3% Average ADA (48.83) Revenue & Expenses per ADA Category Budget Forecast Revenue 12,544 12,235 Revenue w/o Fundraising 11,407 11,097 Expense 11,999 12,131 FY YTD Variance INCOME STATEMENT Actual YTD Budget YTD B/(W) Forecast FY Forecast Budget Variance B/(W) FY Actual LCFF 123, ,817 18,021 1,590,197 66% 1,983,705 64% (393,508) 1,091,775 66% Federal Revenue 4,942 4, ,988 16% 446,795 14% (61,808) 251,664 15% State Revenue 13,923 13, ,403 6% 178,198 6% (23,795) 98,873 6% Other Local Revenue 0 22,619 (22,619) 59,851 2% 199,020 6% (139,169) 44,575 3% Grants/Fundraising 21,089 23,976 (2,887) 224,720 9% 279,840 9% (55,120) 170,452 10% TOTAL REVENUE 163, ,821 (7,029) 2,414,159 3,087,558 (673,399) 1,657,340 Certificated Salaries 129, ,548 12, ,061 33% 907,171 31% 113, ,556 38% Classified Salaries 75,893 81,670 5, ,145 14% 476,467 16% 132, ,173 16% Benefits 38,755 59,844 21, ,221 9% 263,891 9% 46, ,789 9% Student Supplies 16, ,363 88, ,949 10% 261,307 9% 18, ,920 9% Operating Expenses 98, ,373 79, ,962 24% 758,761 26% 185, ,911 18% Other 66,734 67, ,223 9% 285,879 10% 63, ,297 9% TOTAL EXPENSES 425, , ,674 2,393,562 2,953, ,913 1,473,646 INCOME / (LOSS) (261,799) (462,444) 200,645 20, ,082 (113,486) 183,693 $1,000 $900 $800 $700 $600 Cash Balance (in $1,000's) Balance Sheet 6/30/2014 8/31/2014 9/30/2014 6/30/2015 Forecast Assets Cash 421, , , ,656 Accounts Receivable 500,461 32,865 27, ,244 Due From Others 4,486 33,557 22,209 20,289 Other Assets 50, ,539 Net Fixed Assets 4,823 10,737 24,965 13,205 Notes $500 $400 $300 $200 $100 $- Assets 981, , , ,935 Liabilities A/P & Payroll 47,394 14,433 1,375 5,705 Due to Others 6,049 (0) (0) 0 Deferred Revenue 39,477 39,477 39,477 0 Debt 700, , , ,667 Liabilities 792, , , ,372 Actual and Projected Cash Budget (Approved) PY Cash Y/E Cash Balance Projected Budget Variance 376, ,514 3,142 Equity Beginning Fund Bal. 5, , , ,966 Net Income/(Loss) 183,693 (115,225) (261,800) 20,597 Equity 188,966 73,741 (72,833) 209,563 Liabilities & Equity 981, , , ,935 Available Line of Credit Days Cash on Hand > 45 days is good Cash Reserve % 29% 31% 25% 16% 11

12 Citizens of the World Mar Vista Financial Analysis September 2014 Board Attention CWC MV s projected net income is $113K less than budget due to lower enrollment. CWC MV should both take immediate steps to reduce expenditures. Net Income Citizens of the World Mar Vista is projected to achieve a net income of $21K in FY14-15 compared to $134K in the board approved budget. Reasons for this negative variance of $113K are explained below in the Income Statement section of this analysis. Balance Sheet As of September 30, 2014, the organization s cash balance was $594K. By June 30, 2015, the organization s cash balance is projected to be $377K. As of September 30, 2014, the Accounts Receivable balance was $27K. As of September 30, 2014, the Accounts Payable balance, including payroll liabilities, totaled $1K. As of September 30, 2014, CWC MV had a debt balance of $700K compared to $700K in the prior month. Income Statement Revenue revenue for FY14-15 was $2,414K, which is $673K or 22% under (i.e., worse than) budgeted revenue of $3,088K. The variance is explained by the following: Local Control Funding Formula is under budget by $394K due to lower enrollment Title I, A Basic Grants Low-Income is under budget by $12K due to a low revenue estimate which is being used as school was not included in preliminary entitlement listing. Based on conversations with the California Department of Education, CWC MV is expected to receive Title I funds Title V, B Charter Schools Grants is under budget by $35K due to fewer expenses at CWC MV to be reimbursed by PCSGP program. This number will fluctuate throughout the year as expenditures are allocated to PCSGP Special Ed - AB602 is under budget by $25K due to lower enrollment at CWC MV All Other Local Revenue is under budget by $135K due to school modifying its after-school program Fundraising is under budget by $55K due to lower enrollment. This report will discuss revenue and expenditure variances from the Board-approved budget that are above $12,000 and 10%. 12

13 Expenses expenses for FY14-15 are projected to be $2,394K, which is $560K or 19% under (i.e., better than) budgeted expenditures of $2,953K. The variance is explained by the following: Teachers' Salaries is under budget by $96K due to fewer teachers at CWC MV given the lower enrollment Stipends/Extra Duty is under budget by $12K due to the elimination of budgeted stipends Instructional Aide Salaries is under budget by $68K due to reduction of staff and costs at CWC MV Other Classified Salaries (After School Program) is under budget by $72K due to modifications in after-school program Workers' Compensation is under budget by $18K due to actuals coming in under budget Rent is under budget by $110K due to lower rent expenses and refund of payment to LAUSD related to Prop Instructional Consultants is under budget by $38K due to lower ASP enrichment costs given changes to the after-school program Indirect Costs. Given projected RSO savings, the indirect expenses each school pays to the RSO has been lowered as a percentage of state revenue (LCFF and State Lottery). ADA Budgeted average P-2 ADA for FY14-15 is based on an enrollment of 261 and a 94.3% attendance rate. The forecast assumes P-2 ADA of based on an enrollment of 210 and a 94.9% attendance rate. In Month 2, ADA was with 207 students enrolled at the end of the month and a 95.7% ADA rate. Average ADA for the year (through Month 2) is (and a 96.6% ADA rate for the year to date). This report will discuss revenue and expenditure variances from the Board-approved budget that are above $12,000 and 10%. 13

14 Citizens of the World Regional Support Office - Financial Dashboard (September 2014) 2 1 Key Performance Indicators ADA vs. Budget #N/A Cash on Hand 0 Net Income / (Loss) Year End Cash 59, ADA & Enrollment KEY POINTS Net Income: FY net income is projected to be $59K, $53K more than budget. Items to note: 1) Certificated salaries are less than budget as Interim ED is not projected to be hired until May 2015, 2) Operating expenses are above budget due to hiring various consultants - renewal, CALPADS support, and 3) CWC RSO has reduced indirect expenses charged to schools. Cash: CWC RSO is projected to have positive cash throughout the year. Debt: CWC RSO has no debt Enrollment Actual ADA Budget ADA Average ADA ADA Analysis FY YTD FY Forecast Revenue & Expenses per ADA Actual Variance Variance INCOME Actual through Category STATEMENT Forecasted P2 Budgeted P2 Better/(Worse) Prior Year P2 Month Actual 0 YTD Budget YTD B/(W) Forecast Category Budget B/(W) Budget Forecast LCFFEnrollment 0 #N/A 0 #N/A 0 #N/A Revenue 0 #N/A 0 #N/A 0 Federal ADA Revenue % 0.0% #N/A 0 #N/A 0 #N/A 0 0.0% 0 Revenue w/o Fundraising 0 #N/A 0 #N/A 0 State Revenue Average ADA 0.00 #N/A #N/A #N/A 0.00 Expense #N/A 0 #N/A 0 Other Local Revenue , ,407 0 Grants/Fundraising ,000 TOTAL REVENUE , ,407 1,000 Certificated Salaries 1,525 30,141 28,616 65, ,321 91, ,650 Classified Salaries 33,253 46,657 13, , ,714 52,380 88,085 Benefits 8,116 23,811 15,695 50,291 91,867 41,576 44,481 Student Supplies 1,558 9,175 7,617 13,750 11,200 (2,550) 6,570 Operating Expenses 105, ,507 22, , ,989 (60,158) 260,156 Other (221,598) (221,598) 0 (789,015) (886,391) (97,376) (551,942) TOTAL EXPENSES (71,896) 15,693 87,589 (30,277) (5,300) 24,977 1,000 INCOME / (LOSS) 71,896 (15,693) 87,589 59,684 5,300 54,384 0 $200 $180 $160 $140 $120 Cash Balance (in $1,000's) Balance Sheet 6/30/2014 8/31/2014 9/30/2014 6/30/2015 Forecast Assets Cash 43,890 60,741 74,026 86,482 Accounts Receivable ,352 Due From Others Other Assets ,747 Net Fixed Assets Notes $100 $80 $60 $40 $20 $- Assets 43,943 60,741 74,026 96,580 Liabilities A/P & Payroll 43,943 14,181 2,131 36,896 Due to Others Deferred Revenue Debt Liabilities 43,943 14,181 2,131 36,896 Actual and Projected Cash Budget (Approved) PY Cash Equity Beginning Fund Bal Net Income/(Loss) 0 46,559 71,896 59,684 Equity 0 46,559 71,896 59,684 Y/E Cash Balance Projected Budget Variance 86,482 20,675 65,807 Liabilities & Equity 43,943 60,741 74,026 96,580 Available Line of Credit Days Cash on Hand Cash Reserve % 14

15 Citizens of the World Regional Support Office Financial Analysis September 2014 Net Income Citizens of the World Regional Support Office is projected to achieve a net income of $60K in FY14-15 compared to $5K in the board approved budget. Reasons for this positive variance of $54K are explained below in the Income Statement section of this analysis. Balance Sheet As of September 30, 2014, the organization s cash balance was $74K. By June 30, 2015, the organization s cash balance is projected to be $86K. As of September 30, 2014, the Accounts Receivable balance was $0K. As of September 30, 2014, the Accounts Payable balance, including payroll liabilities, totaled $2K. As of September 30, 2014, CWC RSO had a debt balance of $0K compared to $0K in the prior month. Income Statement Revenue revenue for FY14-15 was $29K, which is $29K over (i.e., better than) budgeted revenue of $0K. The variance is explained by the following: 8690 All Other Local Revenue is over budget by $29K due to fees CWC LA earns from providing services to CWCS. Expenses expenses for FY14-15 are projected to be $-30K, which is $25K under (i.e., better than) budgeted expenditures of $-5K. The variance is explained by the following: Certificated Supervisor and Administrator Salaries is under budget by $91K due to postponement in hiring new CWC LA Executive Director until May 2015 and not hiring part-time English Language Development Director. Savings offset by reclassification of position to this object code from 2300-Classified Supervisor Classified Supervisor and Administrator Salaries is under budget by $44K due to classification of one position as certificated rather than classified and savings from open RSO positions H&W - Health & Welfare is under budget by $15K due to reduction in number of staff benefited Workers' Compensation is under budget by $12K due to actuals coming in under budget. This report will discuss revenue and expenditure variances from the Board-approved budget that are above $12,000 and 10%. 15

16 5610 Rent is over budget by $18K due to classification of charges to use Assistance League space being charge to rent rather than Operations (5500) Non Instructional Consultants is over budget by $38K due to consultant for Charter Renewal being more expensive and inclusion of additional process consultants ExED is over budget by $18K due to ExED providing CALPADS reporting service Indirect Costs. Given projected RSO savings, the indirect expenses each school pays to the RSO has been lowered as a percentage of state revenue (LCFF and State Lottery). This report will discuss revenue and expenditure variances from the Board-approved budget that are above $12,000 and 10%. 16

17 Citizens of the World Charter Schools - Los Angeles Check Register For the Month Ending September 30th, 2014 Location Check # Check Date Payee Description Amount HW 09/07/14 - ED 9/7/2014 AT&T UVERSE /14/14-09/13/14 INTERNET SERVICE HW 09/15/14 - ED 9/15/2014 CANON FINANCIAL SERVICES 08/21-09/19/14 - COPIER LEASE # HW 09/19/14 - ED 1 9/19/2014 LOS ANGELES COUNTY OFFICE OF EDUCATION 08/14 - FY14/15 - UNPAID STRS BALANCE 1, HW 09/25/14 - ED 9/25/2014 AT&T /28-08/27/14 - PHONE SERVICE HW 09/26/14 - DEP 1 9/9/2014 AT&T UVERSE /14-10/13/14 - INTERNET SERVICE HW 09/26/14 - DEP 1 9/30/2014 AT&T UVERSE /14-10/13/14 - INTERNET SERVICE (75.00) HW 09/26/14 - DEP 3 9/26/2014 AT&T U-VERSE 09/14 - INTERNET HW 09/26/14 - DEP 4 9/26/2014 ATT U-VERSE /14 - INTERNET HW 09/29/14 - ED 3 9/29/2014 CALIFORNIA CREDIT UNION-5253 TO PAY CCU# 5253 BALANCE 2, HW 09/29/14 - ED 4 9/29/2014 LOS ANGELES COUNTY OFFICE OF EDUCATION 09/14 - FY14/15 - STRS PAYMENT 21, HW /17/2014 BERTA MORENO REIMBURSEMENT (89.33) HW /17/2014 BERTA MORENO REIMBURSEMENT (54.56) HW /2/2014 AFFORDABLE PRODUCTS OFFICE EQUIPMENT 17, HW /2/2014 JAIME SERRANO NETWORK SECURITY DEVICE 1, HW /2/2014 TEACHER 2 TEACHER LLC PROFESSIONAL DEVELOPMENT 1, HW /3/2014 LOS ANGELES UNIFIED SCHOOL DISTRICT LE CONTE MS - CLASSROOM RENOVATION 10, HW /3/2014 CARMEN D WURGEL 08/21/14 - COUNCIL FACILITATOR 1, HW /5/2014 STEPHANIE AMESOLA NARANJO 08/29 - PAYROLL HW /5/2014 SHINQUELL GREEN 08/29 PR : FINAL CHECK HW /5/2014 DANIEL IMOESIRI 08/29 - PAYROLL HW /5/2014 THE CLICK SOURCE INC BOOK SETS HW /5/2014 KONICA MINOLTA 07/14 - COPIER MAINTENANCE HW /9/2014 KONICA MINOLTA 09/14 - COPIER MAINTENANCE HW /9/2014 REALLY GOOD STUFF SWAP ON CHAIR GLIDES HW /9/2014 S & S WORLDWIDE, INC. SPEED ROPE, CONES, DODGEBALLS HW /12/2014 CHARTER SAFE FY WORKERS COMPENSATION 1, HW /12/2014 S & S WORLDWIDE, INC. CARD GAME, GLUE, CRAYOLA BOARD HW /12/2014 STAPLES ADVANTAGE CRATE ON WHEELS, WIPES, SANITIZIER HW /15/2014 ASHLEY GRAY 09/15 - PAYROLL HW /17/2014 BERTA MORENO REIMBURSEMENT HW /17/2014 BERTA MORENO REIMBURSEMENT HW /19/2014 CCSA EMPLOYEE WELFARE BENEFIT TRUST 08/14 - HEALTH INSURANCE 1, HW /19/2014 CCSA EMPLOYEE WELFARE BENEFIT TRUST 09/14 - HEALTH INSURANCE 1, HW /23/2014 AMPLIFY EDUCATION INC AQUATIC ECOSYSTEMS: COMPLETE UNIT - TOTAL PRICE INCLUDES S&H 1, HW /23/2014 DELTA EDUCATION LIVING SYSTEMS MODULE (GRADE 5) 1, HW /23/2014 DELTA EDUCATION SOLID EARTH - REFILL KIT CA EDITION HW /23/2014 EXCELLENT EDUCATION DEVELOPMENT EXED MANAGEMENT CONTRACT FEE HW /23/2014 HEINEMANN LEARNING SET, TOOLKIT 1, HW /23/2014 LAN CLEANING SERVICE LLC 08/14 - CLEANING SERVICE - EXTRA HOURS HW /23/2014 LAN CLEANING SERVICE LLC 09/14 - CLEANING SERVICE HW /23/2014 MCGRAW-HILL SCHOOL EDUCATION, LLC GRADE 5: BASIC CLASSROOM MANIP KIT 1, HW /23/2014 S & S WORLDWIDE, INC. SOCCER SET, FOAM FOOTBALL, GOLF SET HW 71,

18 Citizens of the World Charter Schools - Los Angeles Check Register For the Month Ending September 30th, 2014 Location Check # Check Date Payee Description Amount MV 09/19/14 - ED 1 9/19/2014 LOS ANGELES COUNTY OFFICE OF EDUCATION 08/14 - FY14/15 - UNPAID STRS BALANCE MV 09/24/14 - ED 9/24/2014 APPLE STORE 4 MACBOOKS 4, MV 09/29/14 - ED 9/29/2014 CALIFORNIA CREDIT UNION-1765 TO PAY CCU#1765 BALANCE 2, MV 09/29/14 - ED 4 9/29/2014 LOS ANGELES COUNTY OFFICE OF EDUCATION 09/14 - FY14/15 - STRS PAYMENT 13, MV /2/2014 CM BUILT INC WALL CONSTRUCTION 7, MV /2/2014 MICHAEL GOMEZ 08/14 - REIMNURSEMENTS MV /4/2014 MICHAEL GOMEZ 07/01-08/15/14 - FY14-15 PAYROLL RATE ADJUSTMENT MV /5/2014 KATE GUSCOTT 08/29/14 - PAYROLL MV /5/2014 CANON SOLUTIONS AMERICA 08/31-11/29/14 - COPIER MAINTENANCE # MV /5/2014 CANON SOLUTIONS AMERICA 08/31-11/29/14 - COPIER MAINTENANCE # MV /5/2014 THE CLICK SOURCE INC BOOK SETS MV /9/2014 CANON SOLUTIONS AMERICA 08/14 - INSTALLATION SERVICE CHARGE MV /9/2014 JANA REED SDR - MOVING SERVICES 5, MV /11/2014 ZELINA MUNOZ FRIEDMAN LAST CHECK 09/15/14 4, MV /18/2014 ZELINA MUNOZ FRIEDMAN LAST CHECK 09/15/14 (4,237.54) MV /12/2014 CHARTER SAFE FY WORKERS COMPENSATION MV /12/2014 LINDA SCHAEFER 05/14 - IEP ASSESSMENT MV /12/2014 ST JOAN OF ARC CHURCH 09/15-10/14/ RENT 16, MV /15/2014 GERTRUDE BARNES FINAL CHECK MV /17/2014 ADRIANA BEISCHL HOOKS, PRONG ROBE, PLYWOOD 2, MV /17/2014 SHARON COX PASTA, MARSHMELLOWS MV /17/2014 DEMCO BOOK JACKET COVER, GLOSS FINISH, MV /17/2014 KATE GUSCOTT MICHAELS- ART SUPPLIES MV /17/2014 KATE GUSCOTT CHENILLE, WATER COLORS, ART SUPPLIES MV /17/2014 JULIA HISER RUG, PASTA, MARKERS,LAMP, CALENDAR MV /17/2014 LARISA MILLER SNUGPLUG, PAINT, MOVING FEE MV /17/2014 ZELINA MUNOZ FRIEDMAN CURTAINS, CARDS, BOOKS, TENSION ROD MV /17/2014 BRIAN O'BYRNE BIG LOTS- SHELVES MV /17/2014 JACQUELINE RAYMUNDO VERIZON- SUMMER 13' HOT SPOTS MV /17/2014 HAYLEY ROBERTS STICKS, POCKETS MV /17/2014 TRISTA STONE BAGS, GRAPES MV /17/2014 TRISTA STONE SUMMER PROGRAM SUPPLEIS MV /17/2014 ERICK STREET THE HOME DEPOT- PE SHED MV /17/2014 TOM TATSUI LOCK & KEYS, DISPENSERS MV /17/2014 TOM TATSUI REGULATOR, PIPE SUPPLY MV /18/2014 CLAIRE BUTTERWORTH 911 DUMPSTER RENTAL MV /18/2014 DCS TESTING & EQUIPMENT INC ANNUAL FIRE ALARM INSPECTION MV /18/2014 LADWP ACCT# /06/14-09/05/14 - ELECTRIC, WATER, FIRE CHARGES MV /18/2014 SARA LEV COTTON TAPE, FABRIC, GAME CARDS MV /18/2014 REALLY GOOD STUFF ZENERGY CHIME TRIO MV /18/2014 REVOLUTION FOODS, INC. 08/14 - STUDENT LUNCHES 1, MV /18/2014 DEAN SCHINNERER CONSTRUCTION MANAGEMENT INVIDEO DOOR STATION 3, MV /18/2014 SCHOLASTIC INC MINDUP CURRICULUM MV /18/2014 TIME WARNER CABLE 08/12-09/11/14 - INTERNET SERVICES MV /18/2014 TIME WARNER CABLE 09/12-10/11/14 - INTERNET SERVICE MV /18/2014 ULINE TOILET TISSUE, TOWELS, COVER, PREP PADS MV /18/2014 ZELINA MUNOZ FRIEDMAN 08/15/14 - PAYROLL 2, MV /18/2014 ZELINA MUNOZ FRIEDMAN FINAL CHECK 2, MV /19/2014 CCSA EMPLOYEE WELFARE BENEFIT TRUST 10/14 - HEALTH INSURANCE MV /19/2014 KAITLIN SAMPLE 09/15/14 - PAYROLL MV /23/2014 CITIZENS OF THE WORLD CHARTER SCHOOLS 06/14 - JUNE LICENSING FEE 10, MV /23/2014 MAXCLEAN CLEANING SERVICES 09/02-09/12/14 CLEANING SERVICES 2, MV /23/2014 TOTAL EDUCATION SOLUTIONS 06/14 - SPECIAL ED SERVICE 5, MV /25/2014 TOTAL EDUCATION SOLUTIONS 08/14 - SPECIAL ED SERVICES & ASSESSMENT MV 94,

19 Citizens of the World Charter Schools - Los Angeles Check Register For the Month Ending September 30th, 2014 Location Check # Check Date Payee Description Amount RSO 09/29/14 - ED 9/29/2014 AT&T # /14 - PHONE SERVICE RSO 09/29/14 - ED 1 9/29/2014 CALIFORNIA CREDIT UNION-5261 TO PAY CCU#5261 BALANCE RSO /9/2014 KRISTOFFER HAINES CHARTER PETITION RENEWAL - 2ND INSTALLMENT 7, RSO /12/2014 CHARTER SAFE FY WORKERS COMPENSATION 5, RSO /12/2014 JANA REED 48'' ROUND TABLE RSO /19/2014 CCSA EMPLOYEE WELFARE BENEFIT TRUST 08/14 - HEALTH INSURANCE 5.36 RSO /19/2014 CCSA EMPLOYEE WELFARE BENEFIT TRUST 09/14 - HEALTH INSURANCE 5.36 RSO /23/2014 EXCELLENT EDUCATION DEVELOPMENT EXED MANAGEMENT CONTRACT FEE 15, RSO 27, SL 07/16/14 - ED 9/18/2014 AT&T UVERSE /08-08/07/14 INTERNET SERVICE (127.00) SL 07/16/14 - ED 9/18/2014 AT&T UVERSE /08-08/07/14 INTERNET SERVICE SL 08/29/14 - ED 9/2/2014 LADWP /17/14-08/14/14 WATER & FIRE CHARGES SL 08/29/14 - ED2 9/2/2014 LADWP /17/14-08/15/14 FIRE SERVICE CHRAGES SL 08/29/14 - ED3 9/2/2014 LADWP /17/14-08/14/14 ELECTRICAL CHARGES 4, SL 09/02/14 - ED 9/12/2014 AT&T UVERSE /08/14-09/07/14 INTERNET SERVICE SL 09/02/14 - ED 2 9/2/2014 AT&T /12-09/11/14 - PHONE SERVICE SL 09/05/14 - ED 9/5/2014 CALIFORNIA CREDIT UNION-7218 TO PAY CCU#7218 BALANCE 1, SL 09/10/14 - ED 9/10/2014 AT&T /10/14-08/09/14 - PHONE SERVICE SL 09/19/14 - ED 1 9/19/2014 LOS ANGELES COUNTY OFFICE OF EDUCATION 08/14 - FY14/15 - UNPAID STRS BALANCE 1, SL 09/22/14 - DEP 1 9/22/2014 CANON FINANCIAL SERVICES 08/20-09/19/14 - CONTRACT CHARGE# SL 09/22/14 - DEP 2 9/22/2014 CANON FINANCIAL SERVICES 08/20-09/19/14 - CONTRACT CHARGE# SL 09/22/14 - ED 9/22/2014 THE GAS COMPANY GAS SERVICE SL 09/22/14 - ED 9/22/2014 THE GAS COMPANY GAS SERVICE SL 09/26/14 - DEP 2 9/26/2014 AT&T /14 - INTERNET SERVICE SL 09/29/14 - ED 2 9/29/2014 CALIFORNIA CREDIT UNION-7200 TO PAY CCU# 7200 BALANCE SL 09/29/14 - ED 4 9/29/2014 LOS ANGELES COUNTY OFFICE OF EDUCATION 09/14 - FY14/15 - STRS PAYMENT 19, SL 09/30/14 - ED 9/30/2014 AT&T /12-10/11/14 - PHONE SERVICE SL /2/2014 JAIME SERRANO SUPPLIES AND SERVICES 2, SL /2/2014 JAIME SERRANO NETWORK SECURITY DEVICE 1, SL /2/2014 TEACHER 2 TEACHER LLC PROFESSIONAL DEVELOPMENT SL /5/2014 ATHENS SERVICES 08/14 - WASTE MANAGEMENT FEE SL /5/2014 BLICK ART MATERIALS BRUSHES, PUMP KIT, CONSTRUCTION PAPER 1, SL /5/2014 THE CLICK SOURCE INC BOOK SETS SL /5/2014 LAKESHORE LEARNING MATERIALS COLORED BUTCHER PAPER ROLL - BLUE 1, SL /5/2014 MISSION VALLEY SANITATION 08/14 - PORTABLE TOILETS RENTAL SL /5/2014 SCHOOL SPECIALTY/CLASSROOM DIRECT DRY ERASE BOARD, TAPE, CHART 1, SL /5/2014 SCHOOL SPECIALTY/CLASSROOM DIRECT PENS, TONER CARTRIDGE, POST-IT'S SL /5/2014 STAPLES ADVANTAGE EPSON DC-06 DOCUMENT CAMERA 1, SL /5/2014 STAPLES ADVANTAGE BROTHER TONER CARTRIDGE, TN-420, BLACK SL /5/2014 TRUE BEAUTY UNLIMITED, INC 08/14 - SPEECH THERAPY SL /9/2014 CARLIN BELL SOUTHWEST AIRLINES - FLIGHT TO LA SL /9/2014 TINA BLACK SHUTTERFLY-YEARBOOK INSERTS 1, SL /9/2014 CANON SOLUTIONS AMERICA 05/31/ /30/14 - COPIER MAINTENANCE # SL /9/2014 CANON SOLUTIONS AMERICA 05/31/14-08/30/14 - COPIER MAINTENANCE # SL /9/2014 KIM DIAZ REIMBURSEMENTS- JOB POSTING SL /9/2014 OFFICE360 TRANSPARENT THREE POCKET PANEL WALL ORGANIZERS, LETTER, CLEA SL /9/2014 SPARKLETTS 08/28/14 - WATER SL /12/2014 CHARTER SAFE FY WORKERS COMPENSATION 1, SL /12/2014 PACIFIC MECHANICAL CONTRACTORS AC SERVICE & REPAIR SL /12/2014 OFFICE360 ELECTRONIC LOCK/CARD SWIPE SECURITY SAFE, 0.4 FT3, 15W X 11D SL /12/2014 OFFICE360 MAX ALKALINE BATTERIES, AAA, 12 BATTERIES/PACK 9.50 SL /12/2014 SCHOOL SPECIALTY/CLASSROOM DIRECT ENVELOPES - 4 3/8 X 5 3/4 WHITE INVITE-QUA PK SL /12/2014 STAPLES ADVANTAGE PROJECTOR, LASER PRINTER 1, SL /15/2014 AT&T 3396 ATT PHONE/INTERNET SERVICE SL /15/2014 AT&T /16-09/02/14 - PHONE SERVICE SL /15/2014 SSD SYSTEMS 06/01/14-08/31/14 BURGLAR & FIRE ALARM SERVICES SL /15/2014 ASSISTANCE LEAGUE OF SOUTHERN CALIFORNIA 09/20/14-10/19/2014 RENT 23, SL /16/2014 ANA MARIA ROSALES 09/15 - PAYROLL SL /18/2014 AQUALITY POOL & SPA CARE INC 08/14 - POOL MAINTENANCE SL /18/2014 ATHENS SERVICES 09/14 - WASTE MANAGEMENT FEE SL /18/2014 HEINEMANN INFORMATION SYSTEM 1, SL /18/2014 ADOLPHO MENDEZ 03/14-07/14 - FACILITY REPAIRS 1, SL /18/2014 GWENDOLYN OLICKER 08/14 - THERAPY SERVICES SL /18/2014 WILSON LANGUAGE TRAINING CORP LETTER BOARDS 2, SL /19/2014 CCSA EMPLOYEE WELFARE BENEFIT TRUST 09/14 - HEALTH INSURANCE, 07/14 LATE FEE SL /23/2014 ACCREDITING COMMISSION FOR SCHOOLS FY14-15 ANNUAL INSTALLMENT OF ACCREDITING SL /23/2014 AFFORDABLE PRODUCTS CHROMEBOOKS, SHIPPING, RECYCLING 18, SL /23/2014 CITIZENS OF THE WORLD CHARTER SCHOOLS 06/14 - JUNE LICENSING FEE 6, SL /23/2014 DEWEY PEST CONTROL 09/14 - PEST CONTROL SERVICE SL /23/2014 EXCELLENT EDUCATION DEVELOPMENT EXED MANAGEMENT CONTRACT FEE 9.54 SL /23/2014 PACIFIC MECHANICAL CONTRACTORS 08/14 - AC REPAIRS SL /23/2014 SCHOOL PATHWAYS LLC 08/14 - ONLINE STUDENT FEES SL /29/2014 LOS ANGELES UNIFIED SCHOOL DISTRICT 07/14-10/14 RENT - GRANT ELEMENTARY SITE 19, SL 123, Report 318,