Financial Month End Report May 31, 20XX Prepared and Presented by Charter School Success, LLC Table of Contents 1 Graphs: Enrollment, Attendance and Budgeted Revenue vs. Summary of Finance "SOF" 2 Graphs: Charter FIRST Net Asset, Days of Cash On Hand and Administrative Cost Ratio 3 Graphs: Charter FIRST Current, Long Term and Debt Service Coverage Ratios 4 Graphs: Charter FIRST Revenue vs. Expenditure, Monthly Revenue vs. Expenditure and Unrestricted Cash 5 Report Financial Trends 6 Report All Funds Budget to Actual Comparison 7 Report Special Program Allotment 8 Observations, Recommendations and Reminders Charter School Success, LLC 2016
Enrollment, Attendance & FSP Budget to Summary of Finance Graphs Average Student Enrollment 400 Current Year Prior Year Budgeted Enrollment" 375 380 378 382 381 377 378 376 380 378 376 350 333 333 332 331 330 334 333 329 328 328 328 325 300 275 250 Average Daily Attendance Current Year Prior Year Budgeted Attendance 100.0% 99.5% 99.6% 99.0% 98.5% 98.0% 97.5% 97.0% 97.5% 97.9% 97.1% 97.5% 97.6% 96.6% 97.1% 97.4% 97.4% 97.7% 96.5% 96.0% 95.5% 96% 95.9% 95.8% 96.0% 95.9% 95.4% 96.0% 95.9% 95.6% 95.0% 94.8% 94.5% 94.0% 93.5% Budgeted FSP Revenue vs. Current Summary of Finance Current Year Budget Summary of Finance Millions $2.5 $2.4 $2.40 $2.40 $2.46 $2.46 $2.46 $2.44 $2.44 $2.44 $2.44 $2.44 $2.44 $2.38 $2.38 $2.37 $2.38 $2.38 $2.3 $2.2 $2.11 $2.11 $2.1 $2.0 $1.9 Charter School Success, LLC 2016 Page 1
Charter FIRST Indicators #5, 6, & 11 Millions $4.0 $3.5 Net Assets Indicator #5 (10 Points >$0) Current Year Prior Year $3.7 $3.7 $3.4 $3.0 $2.9 $2.9 $2.9 $3.0 $3.0 $2.5 $2.0 $1.5 $2.1 $1.4 $1.3 $1.4 $1.4 $1.5 $1.5 $1.5 $1.7 $1.6 $1.9 $1.9 $1.8 $1.0 $0.5 $0.0 Days of Cash on Hand Indicator #6 (10 Points >60 days) Current Year Prior Year 10 Points 6 Points 2 Points 200 180 165 187 173 178 190 160 140 142 135 146 120 100 80 60 40 66 56 42 46 64 55 55 54 67 43 65 60 79 20 0 Administrative Cost Ratio Indicator #11 (10 Points < 0.265) Current Year Prior Year 10 Points 6 Points 2 Points 0.400 0.350 0.365 0.300 0.288 0.280 0.284 0.286 0.290 0.250 0.200 0.192 0.218 0.197 0.199 0.188 0.227 0.216 0.175 0.247 0.239 0.218 0.192 0.209 0.265 0.214 0.218 0.150 0.133 0.153 0.100 0.050 0.000 Charter School Success, LLC 2016 Page 2
Charter FIRST Indicators #7, 8 & 10 Current Ratio Charter FIRST Indicator #7 (10 Points >2.0) Current Year Prior Year 10 Points 2 Points 4 Points 14.0 12.0 12.8 11.7 12.2 10.0 8.5 8.0 6.0 6.1 6.4 6.0 4.3 4.2 6.2 5.2 6.9 4.4 4.4 4.4 4.9 4.4 5.8 4.0 2.8 3.6 2.9 2.0 2.0 1.0 0.0 Long Term Ratio Charter FIRST Indicator # 8 (10 Points <0.6) Current Year Prior Year 10 Points 2 Points 4 Points 1.10 1.0 0.90 0.70 0.6 0.50 0.30 0.36 0.36 0.35 0.34 0.34 0.33 0.30 0.32 0.31 0.31 0.25 0.26 0.26 0.28 0.20 0.20 0.20 0.19 0.28 0.28 0.29 0.10 0.10 15.0 Debt Service Coverage Ratio Indicator #10 (10 Points > 1.2) Current Year Prior Year 10.0 5.0 0.0 9.8 9.9 7.9 7.7 7.9 8.0 6.9 5.7 5.4 5.0 5.3 5.5 4.8 4.3 3.5 2.9 2.1 1.0 0.2 0.0 5.0 4.9 10.0 Charter School Success, LLC 2016 Page 3
Charter FIRST Indictor #9 Revenue vs. Expense & Cash Millions $2.5 $2.0 Year to Date Revenue vs. Expenses Indicator #9 (Revenue exceeds Expenses) Revenue Expenses $1.8 $1.8 $2.1 $2.1 $2.4 $2.3 $1.5 $1.0 $1.0 $0.9 $1.2 $1.2 $1.5 $1.5 $0.7 $0.7 $0.5 $0.5 $0.4 $0.2 $0.2 $0.0 Monthly Revenue vs. Expenses Revenue Expenses Thousands $400 $336 $358 $300 $248 $236 $250 $247 $279 $278 $270 $264 $262 $291 $258 $280 $246 $200 $209 $174 $194 $100 $0 Thousands $1,800 $1,600 $1,400 Unrestricted Cash Current Year Prior Year $1,484 $1,524 $1,462 $1,609 $1,200 $1,000 $1,088 $1,017 $1,030 $1,149 $800 $600 $400 $363 $315 $289 $310 $402 $353 $360 $367 $455 $290 $437 $407 $532 $200 Charter School Success, LLC 2016 Page 4
Current Year Financial Trend Analysis Percent of Year Completed 8% 17% 25% 33% 42% 50% 58% 67% 75% 83% 92% 100% Statement of Financial Position 30 31 30 31 31 29 31 30 31 30 31 31 Current Assets $ 742,715 $ 1,486,780 $ 1,414,816 $ 1,445,093 $ 1,559,634 $ 2,132,932 $ 2,810,562 $ 2,716,440 $ 2,707,940 Total Assets $ 3,093,754 $ 3,937,678 $ 3,874,984 $ 3,914,056 $ 4,028,598 $ 4,648,584 $ 5,331,178 $ 5,333,399 $ 4,980,429 Current Liabilities $ 264,056 $ 234,095 $ 237,515 $ 234,323 $ 227,193 $ 250,743 $ 220,317 $ 231,658 $ 222,696 Total Liabilities $ 1,040,383 $ 1,006,833 $ 1,006,663 $ 999,882 $ 989,164 $ 1,650,743 $ 1,620,317 $ 1,631,658 $ 1,622,696 Statement of Activities Total Revenue YTD $ 209,470 $ 457,583 $ 707,443 $ 986,923 $ 1,180,526 $ 1,516,330 $ 1,786,296 $ 2,077,137 $ 2,356,657 Total Expenses YTD $ 174,091 $ 409,778 $ 656,936 $ 935,337 $ 1,199,654 $ 1,462,053 $ 1,819,570 $ 2,077,232 $ 2,322,804 Statistics Total Monthly Revenue $ 209,470 $ 248,113 $ 249,860 $ 279,479 $ 193,603 $ 335,804 $ 269,966 $ 290,841 $ 279,520 Total Monthly Expenses $ 174,091 $ 235,687 $ 247,159 $ 278,400 $ 264,318 $ 262,398 $ 357,517 $ 257,662 $ 245,572 Unrestricted Cash $ 314,986 $ 1,088,451 $ 1,016,525 $ 1,029,728 $ 1,148,598 $ 1,484,317 $ 1,461,947 $ 1,524,332 $ 1,609,326 Cash Flow (Red if negative Green if Positive) $ (216,955) $ 773,465 $ (71,925) $ 13,202 $ 118,870 $ 335,720 $ (22,370) $ 62,385 $ 84,994 Enrollment and Attendance Enrollment for the Month Budget 378 380 382 381 377 378 376 380 378 376 Percent Attendance 96% 97.5% 97.9% 97.5% 97.6% 95.9% 95.8% 96.0% 95.4% 97.4% Enrollment Budget to Actual 4 3 (1) 0 2 2 0 2 Charter First Indicators Indicator #5, Net Asset Balance $ 2,053,371 $ 2,930,845 $ 2,868,320 $ 2,914,174 $ 3,039,434 $ 2,997,841 $ 3,710,861 $ 3,701,741 $ 3,357,733 Indicator #6, Days of Cash on Hand 56.1 164.7 142.4 135.4 146.5 186.8 172.7 178.3 189.8 Indicator #7, Current Ratio 2.81 6.35 5.96 6.17 6.86 8.51 12.76 11.73 12.16 Indicator #8, Long Term Ratio 0.25 0.20 0.20 0.20 0.19 0.30 0.26 0.26 0.28 Indicator #9, Revenue vs. Expenses $ 35,379 $ 47,805 $ 50,507 $ 51,586 $ (19,128) $ 54,278 $ (33,274) $ (95) $ 33,853 Indicator #10, Debt Service Coverage Ratio 7.9 5.7 4.3 3.5 0.2 2.9 0.0 1.0 5.4 Indicator #11, Administrative Cost Ratio<500 Students 0.1917 0.1335 0.1992 0.2270 0.2160 0.2876 0.2799 0.2844 0.2864 Green would receive 80 100% of the total points Yellow would receive 40 60% of the total points Red would receive less than 40% of total points Federal Funds Revenue Fund 211 Title I NOGA $55,624 0.00% 0.00% 0.00% 21.79% 21.79% 21.79% 21.79% 21.79% 82.65% Expense Fund 211 Title I NOGA $55,624 0.00% 10.65% 21.79% 32.90% 44.10% 55.32% 66.43% 77.28% 88.29% Revenue Fund 224 IDEA B NOGA $43,194 0.00% 0.00% 0.00% 16.59% 16.59% 33.73% 33.73% 42.11% 63.03% Expense Fund 224 IDEA B NOGA $43,194 0.00% 11.26% 16.59% 24.89% 33.73% 42.11% 50.50% 58.78% 67.27% Revenue Fund 225 IDEA B Presch NOGA $991 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% Expense Fund 225 IDEA B Presch NOGA $991 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% Revenue Fund 255 Title II NOGA $18,994 0.00% 1.05% 1.05% 13.40% 13.40% 50.00% 50.00% 50.00% 62.14% Expense Fund 255 Title II NOGA $18,994 0.00% 0.00% 12.35% 12.35% 18.27% 54.09% 51.91% 62.14% 62.14% Fund 240 Child Nutrition (Budget $108,132), Received 2,493 3,169 17,859 20,211 32,201 38,122 38,535 39,020 Fund 240 Child Nutrition (Budget $108,132), Expended 1,770 3,326 4,688 16,957 23,879 35,935 57,223 69,257 81,157 Net Income (Loss) (1,770) (832) (1,518) 902 (3,667) (3,734) (19,101) (30,722) (42,137) Charter School Success, LLC 2016 Page 5
All Funds Budget to Actual Report 5/31/20XX Fiscal Year 75% Complete Original Revised % of Actual Revenues Budget Budget Revised Total Local Funds $ 1,536,891 $ 1,380,470 $ 962,897 69.8% Total State Funds 2,457,250 2,428,847 $ 1,821,515 75.0% Total Federal Funds 165,594 167,425 $ 122,245 73.0% Total $ 4,159,735 $ 3,976,742 $ 2,906,657 73.09% Expenses 11 Instruction $ 1,640,833 $ 1,705,151 $ 1,258,796 73.8% 13 Curriculum and Staff Development 36,000 47,408 $ 35,777 75.5% 23 School Leadership 888,696 795,748 $ 567,890 71.4% 31 Guidance and Counseling 56,000 64,435 $ 50,008 77.6% 33 Health Services 600 600 $ 450 75.0% 35 Food Service 108,731 108,731 $ 81,157 74.6% 36 Cocurricular/Extracurricular Activities 33,191 32,691 $ 27,244 83.3% 41 General Administration 749,922 467,078 $ 430,938 92.3% 51 Plant Maintenance & Operations 340,331 344,231 $ 230,334 66.9% 52 Security Monitoring 1,000 1,100 $ 800 72.7% 53 Data Processing Services 14,300 14,200 $ 10,788 76.0% 61 Community Services 92,396 86,980 $ 67,705 77.8% 71 Debt Services 26,000 26,000 $ 20,000 76.9% 81 Fundraising 6,050 2,650 $ 1,042 39.3% Total $ 3,994,050 $ 3,697,003 $ 2,782,929 75.28% Change in net assets $ 165,685 $ 279,739 $ 123,728 Net Assets, beginning of year $ 2,043,543 $ 2,043,543 $ 2,043,543 Net Assets, ending of year $ 2,209,228 $ 2,323,282 $ 2,167,271 $ Charter School Success, LLC 2016 Page 6
Sept Oct Nov Dec Jan Feb Mar Apr May June July Aug Percent of Year Completed 8% 17% 25% 33% 42% 50% 58% 67% 75% 83% 92% 100% Special Education Allotment 1 2 3 4 5 6 7 8 8 8 8 8 23 Special Education Adjusted Allotment (spend 52% of amount) $ 106,180 $ 106,180 $ 108,276 $ 108,292 $ 108,292 $ 149,924 $ 143,837 $ 155,382 $ 155,382 52% of Allotment 55,214 55,214 56,304 56,312 56,312 77,960 74,795 80,799 80,799 YTD Total Expenses Fund 199/420 PIC 23, 33 $ 5,504 $ 18,120 $ 38,347 $ 51,257 $ 69,283 $ 93,246 $ 111,579 $ 124,858 $ 146,520 State Compensatory Education Allotment 1 2 3 4 5 6 7 8 8 8 8 8 24 Compensatory Education Allotment (spend 52% of amount) $ 170,506 $ 170,506 $ 195,243 $ 195,273 $ 195,273 $ 195,273 $ 195,243 $ 194,881 $ 203,050 52% of Allotment 88,663 88,663 101,526 101,542 101,542 101,542 101,526 101,338 105,586 YTD Total Expenses Fund 199/420 PIC 24, 30 $ $ 11,171 $ 22,519 $ 33,540 $ 44,317 $ 54,879 $ 65,494 $ 76,249 $ 86,333 Bilingual Education Allotment 1 2 3 4 5 6 7 8 8 8 8 8 25 Bilingual Education Allotment (spend 52% of amount) $ 42,468 $ 42,468 $ 41,583 $ 41,589 $ 41,589 $ 46,458 $ 45,908 $ 46,139 $ 46,139 52% of Allotment 22,083 22,083 21,623 21,626 21,626 24,158 23,872 23,992 23,992 YTD Total Expenses Fund 199/420 PIC 25, 35 $ 5,357 $ 11,086 $ 17,111 $ 23,069 $ 28,570 $ 33,911 $ 43,636 $ 44,939 $ 46,242 Projected Compliant Projected Non Compliant Compliant Current Year Special Program Intent Allotment
Observations: Observations, Recommendations and Reminders 5/31/20XX Produced and Presented by Charter School Success, LLC Overall 1 2 3 Cash 4 5 6 Charter FIRST 7 8 9 Budget 10 11 12 Federal Grants 13 14 15 Reminders: 1 2 3 4 5 Charter School Success, LLC 2016 Page 9