Canoe Creek Charter Academy Actual vs. Budget vs. Forecast Variance Analysis For the Period Ended 12/31/2017

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Actual vs. vs. Forecast Analysis For the Period Ended /3/7 YTD Actual YTD % $ YTD Effect Explanation (5% and $,) ENROLLMENT (per school's record) 59 555 (6) -5% ENROLLMENT (per funding source) 53 555 (5) -9% RATE PER STUDENT $ 6,687 $ 6,677 $ % (84,) REVENUES Earned Capitation State/Local Per Student Funding $,769,8 $,85,938 $ (83,73) -5% Florida Teacher Lead Program 8,944-8,944 % School Recognition Bonus 54-54 % Title Grant Revenue - - Pre-K Revenue - Gov't 7,44 35,8 (7,577) -% ~ Based on revised funds allocation from FLDOE. Includes 4K Capital Outlay Funding 85,773 8,933 3,84 5% for HB769 Capital Outlay Class Size Reduction - - District Fee Refund [>5 students] 46,643 5,93 (4,7) -8% ~Reduction due to enrollment shortfall Total Earned Capitation,938,55,,8 (8,5) -4% Before and Aftercare Revenue,65,83 (,7) -% Interest Income - - Miscellaneous Income,94 7,4 4,54 6% TOTAL REVENUES,98,43,6,5 (79,88) -4% ~ $38. variance is due to year prior year adjustment ~ Unplanned funding ~ Actuals include Prior Year credit of 6.7K for Water & Sewer EXPENSES Cost of Compensation School Leadership 68,9 68,448 9 % ~ Savings due to budgeted SEA position forecasted to be filled in Administrative 6,83 77,869 5,786 % Feb Teachers 5,48 56,9 58,78 % ESE/Special Education 8,976 8,393 (583) -3% Resource Teachers,87,37 (5) -% Guidance 7,87 7,7 (557) -3% IT Support,55 9,999 (56) -% Daily Substitute Teachers,3,8 (43) -% Permanent Subs 97,4 - (97,4) -% Aides - Instructional 9,8 6,989 7,87 46% Aftercare 9,687 6,765 (,9) -43% Tutoring 5,58,56 (4,75) -7% Bonuses 54 38, 37,459 99% Stipends 9,9 7, (,7) -3% ~ Lower than budgeted due to less Teacher positions, Teachers hired at lower salary and late start ~ Actuals includes 5 Perm Subs ~ Lower than budgeted due to less position ~ Actuals running higher than planned ~ Tutoring need higher than planned Contracted SPED - Instruction 5,44,5 (3,94) -8% Total Taxes & Benefits 48, 64,39 6,89 % Total Cost of Compensation,7,357,5,477 4, %

Actual vs. vs. Forecast Analysis For the Period Ended /3/7 YTD Actual YTD % $ YTD Effect Explanation (5% and $,) Professional Services Legal Fees 39 98 56 57% Outside Staff Development 53,5 7 58% Support Center General Overhead 99,67 99,67 % Computer Service Fees 8,87 6,74 (,3) -8% Fee:County School Board 88,438 9,644 4,6 5% Professional Fees - Other 575 575 Advertising/Marketing Exp,949,,5 9% Staff Recruitment 44 83 (3) -6% 3 Total Professional Services 9,37 33,369 4,3 % Vendor Services Contracted Pupil Transportation 8,8 8,8 Extra-Curricular Activity Events - 9 9 % Background / Finger Printing - - Drug Testing Fees - 5 5 % Licenses & Permits 568 345 (3) -65% Bank Charges & Loan Fees,7,34 7 7% Contracted SPED - Non Instruction - - Contracted Custodial Services 57,395 57,395 4 Total Vendor Services 78,35 78,7 387 % Administrative Expenses Travel / Auto / Meals / Lodging/Airfare,44,9 459 4% Business Expense - Other 5,683 9,9 3,67 % Dues & Subscriptions,36,36 () -% Printing & Copying 56 449 () -5% Office Supplies,95,636 (35) -% Supplies - Aftercare - 5 5 % Medical Supplies 4 588 464 79% Student Uniform Expense - () -% In-house Food Service - 5 5 % 5 Total Administrative Services 3,88 36,69 4,8 %

Actual vs. vs. Forecast Analysis For the Period Ended /3/7 YTD Actual YTD % $ YTD Effect Explanation (5% and $,) Instruction Expense Textbooks 4,375 3,95 9,54 69% ~ Based on School needs Instructional Licenses 57,3 46,69 (,86) -3% ~ Based on School needs Consumable Instr. Supplies & Equip.-Students,8,58 9,49 8% ~ Based on School needs Consumable Instr. Supplies & Equip.-Teachers - - Testing Materials 65 3 (6) -6% Instructional Supplies - Florida Lead Teacher Program 8,944 - (8,944) -% ~ Offset by Revenue 6 Total Instruction Expense 7,643 7,85 (838) -% Other Operating Expenses Telephone/Internet/Cable/Satellite 3,43 4,435 (7,996) -33% Postage & Express Mail - % Electricity & Natural Gas 64,773 7,49 5,646 8% Water & Sewer 5,89 34,388 9,99 56% Waste Disposal 3,6 3,9 (5) -% Pest Control,9,3 9% Maintenance & Cleaning Supplies 5, 3,887 (,34) -34% Building Repairs & Maintenance 59,97 75,896 5,969 % Equipment Repairs & Maintenance 364 3,996 3,63 9% Personal Property Tax 555 - (555) -% Miscellaneous Expenses - 8 8 % 7 Total Other Operating Expenses 8,59 7,539 34,949 6% ~ Usage/Rate higher than planned ~ Primarily due to lower rates and prior year credit Fixed Expenses Office Equipment - Leasing Expense 8,8 9,5,69 % Property & Liability Insurance 5,75 34,685 9,4 7% Rent Expense 8,633 3,994,36 7% 8 Total Fixed Expenses 33,989 344,89 3,84 9% ~ Savings due to lower insurance premium than budgeted 9 TOTAL EXPENSES,936,9,33,99 97,77 5% Operating Surplus/(Deficit) 44,94 7,35 7,889 66% Non-Operating Expenses Capital Expenditures (NonCap) 4,86 - (4,86) -% ~ Offset in capitalized expenditures Capital Expenditures (Capitalized) 85,364,963 7,599 7% CHANGE IN FUND BALANCE (55,3) (75,98),68 7%

Review at Osceola County, FL Fiscal Year 7-8 Narrative Assumptions:. Revenue Enrollment: First Count of 59 vs of 555 Rate per Student: $6,687 vs of $6,677 FEFP increase of % for Canoe Creek Include Title Revenue of $44,6 Includes HB 769 Revenue of $4,63 Capital Outlay Revenue reduction of $5,69. Compensation 9 Teachers, amended budget of 7 including a Title Position and positions filled by Permanent Subs includes 5 permanent subs Guidance includes additional position that will be funded by Tile Grant Bonus budget decrease of $5, due to enrollment Shortfall Stipends mitigated by $5,65 3. Professional Services Fee to County School Board and Computer Service fees reduced due to lower enrollment 4. Instructional Expense Overall Reduction of $3,36 5. Other Operating Expense Overall Reduction of $36,768 primarily due to Water & Sewer costs 6. Fixed Expenses Property & Liability Insurance savings of $8,67 due to revised rates 7. Capital Expenditures Overall Savings of $37,46 primarily due to mitigation of Computer Hardware costs

Consolidated -CCCA FY 7-8 % Highlights Enrollment 59 555 (6) -5% Rate per student 6,687 6,677 % Square footage 45,97 45,97 Revenues State Capitation / Student $ 3,537,5 $ 3,75,736 (68,3) -5% ~Reduction due to enrollment shortfall Florida Teacher Lead Program 8,944-8,944 School Recognition Bonus Income 54-54 Title Grant Revenue 44,6-44,6 Pre-K Revenue - Gov't 83,488 83,488 Capital Outlay Revenue 9,456 45,47 (5,69) -% ~ Based on revised funds allocation from FLDOE Local Capital Outlay Funding 4,63 ~ HB 769 Board Fee Refund 93,74,84 (8,55) -8% ~Reduction due to enrollment shortfall Total State Funded Revenue 4,38,448 4,36,95 $,53 % Before and Aftercare Revenue 45, 5,57 (6,35) -% Interest Revenue 96 96 Miscellaneous Income 48,79 4,6 6,764 6% Total Other Revenue 93,97 93,79 $ 69 % ~ Actuals include Prior Year credit of 6.7K for Water & Sewer Revenue Total $ 4,3,355 $ 4,9,474 $,88 % Expenses School Leadership $ 36,6 $ 36,896 95 % Administrative-Salaried 89,595 5,93 5,598 5% ~ Savings due to budgeted SEA position forecasted to be filled in Feb Teachers,,663,3,49,755 % ~ Lower than budgeted due to less Teacher positions, Teachers hired at lower salary and late start ESE/Special Education 4,7 4,464 (,88) -4% Resource Teachers 45,5 46,897,386 3% Guidance 88,98 37,995 (5,3) -3% ~ Includes Add'l position for Title Interventionist Permanent Subs 3,373 - (3,373) ~ Actuals includes 5 Perm Subs IT Support,54, (53) -% Total Salaries $,737,468 $,69,864 $ (7,63) -7% Administrative-Hourly $ 48,698 $ 5,54,844 4% Aides - Instructional 8,57 33,976 5,449 45% ~ Lower than budgeted due to less position Aftercare 6,64 4,88 (,76) -% ~ Actuals running higher than planned Daily Substitute Teachers 6,43 55,44 (5,99) -% Tutoring 6, 6, Total Hourly Wages $ 6,499 $ 7,4 $ 9,54 6% Bonuses 53,875 58,875 5, 8% ~Reduction due to enrollment shortfall Stipends 6,,65 5,65 6% ~Stipend Mitigation Taxes & Benefits Group Insurance & Other $ 53,87 $ 47,85 (5,337) -4% Workers' Compensation 8,77 3,94 4,377 9% Payroll Taxes 74,693 69,393 (5,3) -3% Total Taxes & Benefits $ 346,597 $ 34,337 $ (6,6) -% Total Cost Of Compensation $,35,439 $,,767 $ (3,67) -5% Professional Services Legal Fees - Independent Counsel $, $, Accounting Services - Audit,, Outside Staff Development 4,4, (,4) -67% ~ Increase due to Title Support Center General Overhead 93,49 98,35 4,64 % Computer Service Fees 53,933 53,486 (448) -% Fee to County School Board 76,853 85,87 8,434 5% ~Reduction due to enrollment shortfall Professional Fees - Other,79,79 Advertising/Marketing Exp 38, 5, 4, 7% ~Reduction due to Mitigation Staff Recruitment 7 7 Total Professional Services $ 5,98 $ 54,786 $ 4,489 3% Vendor Services Contracted Pupil Transportation $ 36,358 $ 36,358 Extra-Curricular Activity Events 375 375 Background / Finger Printing 5 5

Consolidated -CCCA FY 7-8 % Drug Testing Fees 5 5 Licenses & Permits 568 5 (68) -4% Bank Charges & Loan Fees 4,4 4,68 6 6% Contracted SPED - Non Instruction - 5 5 % Contracted Custodial Services 4,79 4,79 Total Vendor Services $ 57,63 $ 57,955 $ 69 % Highlights Administrative Expenses Travel / Auto / Airfare/Meals / Lodging $ 4,3 $ 4,3 Business Expense - Other 49,8 49,8 Dues & Subscriptions,6,6 Printing & Copying 974 974 Office Supplies 5,94 5,94 Aftercare Supplies 96 96 Medical Supplies,4,4 Student Uniform Expense In-house Food Service 5 5 Total Administrative Expenses $ 63,58 $ 63,58 $ - % Instruction Expense Textbooks $, $ 8,4 8,49 65% ~ Based on School needs Consumable Instr Supplies $ Equip - Students, 3,879 3,879 58% ~ Based on School needs Consumable Instr Supplies $ Equip - Teachers 5,,5 5,5 5% ~ Based on School needs Testing Materials,, Instructional Supplies - Florida Lead Teacher Program 8,944 - (8,944) ~ Offset by Grant Revenue Instructional Licenses 57,3 5,96 (6,69) -% ~ Based on School needs Contracted SPED - Instruction 56,37 56,37 Total Instruction Expenses $ 59,39 $ 8,78 $,686 % Other Operating Expense Telephone & Internet $ 68,43 $ 56,838 (,594) -% ~ Usage/Rate higher than planned Postage / Express Mail 385 385 Electricity 9,573 43,39 3,746 % ~ Usage/Rate higher than planned Water & Sewer 3,79 65,35 35,7 54% ~ Primarily due to lower rates and prior year credit Waste Disposal 6,8 6,8 Pest Control,6,6 Maintenance & Cleaning Supplies,78,78 Building Repairs & Maintenance 6,686 6,686 Equipment Repairs & Maintenance 5,946 5,946 Personal Property Tax 555 - (555) Miscellaneous Expenses 3 3 Total Other Operating Expense $ 47,393 $ 454,6 $ 36,769 8% Fixed Expenses Office Equipment - Leasing Expense $ 6,787 $ 8,3,53 8% Property & Liability Insurance 46,6 54,73 8,67 6% Depreciation 7,9 68,57 6,48 36% Total Fixed Expenses $ 69,939 $ 4,6 $ 7,663 3% ~ Savings due to lower insurance premium than budge Total Expenses $ 3,783,3 $ 3,85,858 $ 4,66 % Operating Cash Surplus/(Deficit) 349,3 33,66 45,57 5% Rent Expense 6,994 6,994 Surplus/(Deficit) Before Capex (5,87) (97,378) 45,57-5% Capital Expenditures (NonCap) Furniture, Fixture & Equipment (NonCap) $ 6,94 $ - (6,94) ~ Offset in Capitalized Expenditures Computer Hardware (NonCap) 5,987 - (5,987) ~ Offset in Capitalized Expenditures Computer Software (NonCap),779 - (,779) ~ Offset in Capitalized Expenditures Total Capital Expenditures (NonCap) $ 4,86 $ - $ (4,86) Capital Expenditures (Capitalized) Computers - Hardware $ 3,557 $ 79,5 46,943 59% ~Reduction due to Mitigation Computer - Software 8,6,95,779 5% IT Infrastructure 8,5 8,5 Audio Visual Equipment 6, - (6,) Furniture, Fixture & Equipment 5,6,5 7,84 58% Smart Boards 6,74 8,,6 7% Total Capital Expenditures (Capitalized) $ 87,39 $ 39,45 $ 5,66 37% Surplus/(Deficit) After Capital Expenses (353,87) (436,783) 8,94-9%

Consolidated -CCCA FY 7-8 % Highlights Add back Depreciation and Amortization 7,9 68,57 (6,48) -36% Net Change in Fund Balance $ (46,778) $ (68,) $,434-8% Beginning Fund Balance 486,69 (46,778) 39,49 Cumulative Committed Funds 99, Committed Funds 33, Cumulative Committed Funds 3, Unrestricted Fund Balance 7,49

Operating -CCCA FY 7-8 % Highlights Enrollment 59 555 (6) -5% Rate per student 6,687 6,677 % Square footage 45,97 45,97 Revenues State Capitation / Student $ 3,537,5 $ 3,75,736 (68,3) -5% ~Reduction due to enrollment shortfall Florida Teacher Lead Program 8,944-8,944 School Recognition Bonus Income 54-54 Pre-K Revenue - Gov't 83,488 83,488 Capital Outlay Revenue 9,456 45,47 (5,69) -% ~ Based on revised funds allocation from FLDOE Local Capital Outlay Funding 4,63 ~ HB 769 Board Fee Refund 93,74,84 (8,55) -8% ~Reduction due to enrollment shortfall Total State Funded Revenue 3,893,848 4,36,95 $ (4,347) -4% Before and Aftercare Revenue 45, 5,57 (6,35) -% Interest Revenue 96 96 Miscellaneous Income 48,79 4,6 6,764 6% Total Other Revenue 93,97 93,79 $ 69 % ~ Actuals include Prior Year credit of 6.7K for Water & Sewer Revenue Total $ 3,987,755 $ 4,9,474 $ (4,79) -3% Expenses School Leadership $ 36,6 $ 36,896 95 % Administrative-Salaried 89,595 5,93 5,598 5% ~ Savings due to budgeted SEA position forecasted to be filled in Feb Teachers,65,63,3,49 67,355 4% ESE/Special Education 4,7 4,464 (,88) -4% Resource Teachers 45,5 46,897,386 3% Guidance 4,598 37,995 (3,63) -9% Permanent Subs 3,373 - (3,373) ~ Actuals includes 5 Perm Subs IT Support,54, (53) -% Total Salaries $,644,68 $,69,864 $ (4,43) -% Administrative-Hourly $ 48,698 $ 5,54,844 4% Aides - Instructional 8,57 33,976 5,449 45% Aftercare 6,64 4,88 (,76) -% Daily Substitute Teachers 6,43 55,44 (5,99) -% Tutoring 6, 6, Total Hourly Wages $ 6,499 $ 7,4 $ 9,54 6% Bonuses 53,875 58,875 5, 8% ~Reduction due to enrollment shortfall Stipends 6,,65 5,65 6% ~Stipend Mitigation Taxes & Benefits Group Insurance & Other $ 6,387 $ 47,85,463 5% Workers' Compensation 8,77 3,94 4,377 9% Payroll Taxes 74,693 69,393 (5,99) -3% Total Taxes & Benefits $ 39,797 $ 34,337 $,54 6% Total Cost Of Compensation $,95,439 $,,767 $ 6,38 % Professional Services Legal Fees - Independent Counsel $, $, Accounting Services - Audit,, Outside Staff Development,, % ~ Coverd under Title Support Center General Overhead 93,49 98,35 4,64 % ~Reduction due to enrollment shortfall Computer Service Fees 53,933 53,486 (448) -% Fee to County School Board 76,853 85,87 8,434 5% ~Reduction due to enrollment shortfall Professional Fees - Other,79,79 Advertising/Marketing Exp 38, 5, 4, 7% ~Reduction due to Mitigation Staff Recruitment 7 7 Total Professional Services $ 486,58 $ 54,786 $ 8,69 6% Vendor Services Contracted Pupil Transportation $ 36,358 $ 36,358 Extra-Curricular Activity Events 375 375 Background / Finger Printing 5 5 Drug Testing Fees 5 5 Licenses & Permits 568 5 (68) -4% Bank Charges & Loan Fees 4,4 4,68 6 6%

Operating -CCCA Contracted SPED - Non Instruction - 5 5 % Contracted Custodial Services 4,79 4,79 Total Vendor Services $ 57,63 $ 57,955 $ 69 % Administrative Expenses Travel / Auto / Airfare/Meals / Lodging $ 4,3 $ 4,3 Business Expense - Other 49,8 49,8 Dues & Subscriptions,6,6 Printing & Copying 974 974 Office Supplies 5,94 5,94 Aftercare Supplies 96 96 Medical Supplies,4,4 Student Uniform Expense In-house Food Service 5 5 Total Administrative Expenses $ 63,58 $ 63,58 $ - % FY 7-8 % Highlights Instruction Expense Textbooks $, $ 8,4 8,49 65% ~ Based on School needs Consumable Instr Supplies $ Equip - Students 6,4 3,879 7,839 75% ~ Based on School needs Consumable Instr Supplies $ Equip - Teachers 5,,5 5,5 5% ~ Based on School needs Testing Materials,, Instructional Supplies - Florida Lead Teacher Program 8,944 - (8,944) ~ Offset by Grant Revenue Instructional Licenses 5,63 5,96 33 % Contracted SPED - Instruction 56,37 56,37 Total Instruction Expenses $ 48,93 $ 8,78 $ 33,46 8% Other Operating Expense Telephone & Internet $ 68,43 $ 56,839 (,593) -% ~ Usage/Rate higher than planned Postage / Express Mail 385 385 Electricity 9,573 43,39 3,747 % ~ Usage/Rate higher than planned ~ Primarily due to lower rates and prior year credit Water & Sewer 3,79 65,35 35,7 54% Waste Disposal 6,8 6,8 Pest Control,6,6 Maintenance & Cleaning Supplies,78,78 Building Repairs & Maintenance 6,686 6,686 Equipment Repairs & Maintenance 5,946 5,946 Personal Property Tax 555 - (555) Miscellaneous Expenses 3 3 Total Other Operating Expense $ 47,393 $ 454,6 $ 36,769 8% Fixed Expenses Office Equipment - Leasing Expense $ 6,787 $ 8,3,53 8% Property & Liability Insurance 46,6 54,73 8,67 6% Depreciation 7,9 68,57 6,48 36% Total Fixed Expenses $ 69,939 $ 4,6 $ 7,663 3% ~ Savings due to lower insurance premium than budge Total Expenses $ 3,638,63 $ 3,85,859 $ 87,7 5% Operating Cash Surplus/(Deficit) 349,3 33,65 45,58 5% Rent Expense 6,994 6,994 Surplus/(Deficit) Before Capex (5,87) (97,379) 45,58-5% Capital Expenditures (NonCap) Furniture, Fixture & Equipment (NonCap) $ 6,94 $ - (6,94) ~ Offset in Capitalized Expenditures Computer Hardware (NonCap) 5,987 - (5,987) ~ Offset in Capitalized Expenditures Computer Software (NonCap),779 - (,779) ~ Offset in Capitalized Expenditures Total Capital Expenditures (NonCap) $ 4,86 $ - $ (4,86) Capital Expenditures (Capitalized) Computers - Hardware $ 3,557 $ 79,5 46,943 59% ~Reduction due to Mitigation Computer - Software 8,6,95,779 5% IT Infrastructure 8,5 8,5 Audio Visual Equipment 6, - (6,) Furniture, Fixture & Equipment 5,6,5 7,84 58% Smart Boards 6,74 8,,6 7% Total Capital Expenditures (Capitalized) $ 87,39 $ 39,45 $ 5,66 37% Surplus/(Deficit) After Capital Expenses (353,87) (436,784) 8,94-9%

Operating -CCCA Add back Depreciation and Amortization 7,9 68,57 (6,48) -36% FY 7-8 % Highlights Net Change in Fund Balance $ (46,778) $ (68,) $,434-8%

Grants -CCCA Title I Enrollment 59 555 (6) -5% Rate per student - - - Square footage 45,97 45,97 Revenues Title Grant Revenue 44,6-44,6 Total State Funded Revenue 44,6 - $ 44,6 Revenue Total $ 44,6 $ - $ 44,6 Expenses Teachers 46,6 - (46,6) Guidance 46,6 - (46,6) Total Salaries $ 93, $ - $ (93,) Total Hourly Wages $ - $ - $ - FY 7-8 % Highlights Taxes & Benefits Group Insurance & Other $ 6,8 $ - (6,8) Total Taxes & Benefits $ 6,8 $ - $ (6,8) Total Cost Of Compensation $, $ - $ (,) Professional Services Outside Staff Development 4,4 - (4,4) Total Professional Services $ 4,4 $ - $ (4,4) Instruction Expense Consumable Instr Supplies $ Equip - Students 3,96 - (3,96) Instructional Licenses 6,5 - (6,5) Total Instruction Expenses $,46 $ - $ (,46) Total Expenses $ 44,6 $ - $ (44,6) Net Change in Fund Balance $ - $ - $ -

Consolidated (Including HVAC)-CCCA FY 7-8 % Highlights Enrollment 59 555 (6) -5% Rate per student 6,687 6,677 % Square footage 45,97 45,97 Revenues State Capitation / Student $ 3,537,5 $ 3,75,736 (68,3) -5% ~Reduction due to enrollment shortfall Florida Teacher Lead Program 8,944-8,944 School Recognition Bonus Income 54-54 Title Grant Revenue 44,6-44,6 Pre-K Revenue - Gov't 83,488 83,488 Capital Outlay Revenue 9,456 45,47 (5,69) -% ~ Based on revised funds allocation from FLDOE Local Capital Outlay Funding 4,63 4,63 ~ HB 769 Board Fee Refund 93,74,84 (8,55) -8% ~Reduction due to enrollment shortfall Total State Funded Revenue 4,38,448 4,36,95 $,53 % Before and Aftercare Revenue 45, 5,57 (6,35) -% Interest Revenue 96 96 Miscellaneous Income 48,79 4,6 6,764 6% Total Other Revenue 93,97 93,79 $ 69 % ~ Actuals include Prior Year credit of 6.7K for Water & Sewer Revenue Total $ 4,3,355 $ 4,9,474 $,88 % Expenses School Leadership $ 36,6 $ 36,896 95 % Administrative-Salaried 89,595 5,93 5,598 5% ~ Savings due to budgeted SEA position forecasted to be filled in Feb Teachers,,663,3,49,755 % ~ Lower than budgeted due to less Teacher positions, Teachers hired at lower salary and late start ESE/Special Education 4,7 4,464 (,88) -4% Resource Teachers 45,5 46,897,386 3% Guidance 88,98 37,995 (5,3) -3% ~ Includes Add'l position for Title Interventionist Permanent Subs 3,373 - (3,373) ~ Actuals includes 5 Perm Subs IT Support,54, (53) -% Total Salaries $,737,468 $,69,864 $ (7,63) -7% Administrative-Hourly $ 48,698 $ 5,54,844 4% Aides - Instructional 8,57 33,976 5,449 45% ~ Lower than budgeted due to less position Aftercare 6,64 4,88 (,76) -% ~ Actuals running higher than planned Daily Substitute Teachers 6,43 55,44 (5,99) -% Tutoring 6, 6, Total Hourly Wages $ 6,499 $ 7,4 $ 9,54 6% Bonuses 53,875 58,875 5, 8% ~Reduction due to enrollment shortfall Stipends 6,,65 5,65 6% ~Stipend Mitigation Taxes & Benefits Group Insurance & Other $ 53,87 $ 47,85 (5,337) -4% Workers' Compensation 8,77 3,94 4,377 9% Payroll Taxes 74,693 69,393 (5,3) -3% Total Taxes & Benefits $ 346,597 $ 34,337 $ (6,6) -% Total Cost Of Compensation $,35,439 $,,767 $ (3,67) -5% Professional Services Legal Fees - Independent Counsel $, $, Accounting Services - Audit,, Outside Staff Development 4,4, (,4) -67% ~Increase due to Title Support Center General Overhead 93,49 98,35 4,64 % Computer Service Fees 53,933 53,486 (448) -% Fee to County School Board 76,853 85,87 8,434 5% ~Reduction due to enrollment shortfall Professional Fees - Other,79,79 Advertising/Marketing Exp 38, 5, 4, 7% ~Reduction due to Mitigation Staff Recruitment 7 7 Total Professional Services $ 5,98 $ 54,786 $ 4,489 3% Vendor Services Contracted Pupil Transportation $ 36,358 $ 36,358

Consolidated (Including HVAC)-CCCA FY 7-8 % Extra-Curricular Activity Events 375 375 Background / Finger Printing 5 5 Drug Testing Fees 5 5 Licenses & Permits 568 5 (68) -4% Bank Charges & Loan Fees 4,4 4,68 6 6% Contracted SPED - Non Instruction - 5 5 % Contracted Custodial Services 4,79 4,79 Total Vendor Services $ 57,63 $ 57,955 $ 69 % Highlights Administrative Expenses Travel / Auto / Airfare/Meals / Lodging $ 4,3 $ 4,3 Business Expense - Other 49,8 49,8 Dues & Subscriptions,6,6 Printing & Copying 974 974 Office Supplies 5,94 5,94 Aftercare Supplies 96 96 Medical Supplies,4,4 Student Uniform Expense In-house Food Service 5 5 Total Administrative Expenses $ 63,58 $ 63,58 $ - % Instruction Expense Textbooks $, $ 8,4 8,49 65% ~ Based on School needs Consumable Instr Supplies $ Equip - Students, 3,879 3,879 58% ~ Based on School needs Consumable Instr Supplies $ Equip - Teachers 5,,5 5,5 5% ~ Based on School needs Testing Materials,, Instructional Supplies - Florida Lead Teacher Program 8,944 - (8,944) ~ Offset by Grant Revenue Instructional Licenses 57,3 5,96 (6,69) -% ~ Based on School needs Contracted SPED - Instruction 56,37 56,37 Total Instruction Expenses $ 59,39 $ 8,78 $,686 % Other Operating Expense Telephone & Internet $ 68,43 $ 56,838 (,594) -% ~ Usage/Rate higher than planned Postage / Express Mail 385 385 Electricity 9,573 43,39 3,746 % ~ Usage/Rate higher than planned Water & Sewer 3,79 65,35 35,7 54% ~ Primarily due to lower rates and prior year credit Waste Disposal 6,8 6,8 Pest Control,6,6 Maintenance & Cleaning Supplies,78,78 Building Repairs & Maintenance 6,686 6,686 Equipment Repairs & Maintenance 5,946 5,946 Personal Property Tax 555 - (555) Miscellaneous Expenses 3 3 Total Other Operating Expense $ 47,393 $ 454,6 $ 36,769 8% Fixed Expenses Office Equipment - Leasing Expense $ 6,787 $ 8,3,53 8% Property & Liability Insurance 46,6 54,73 8,67 6% Depreciation 7,9 68,57 6,48 36% Total Fixed Expenses $ 69,939 $ 4,6 $ 7,663 3% ~ Savings due to lower insurance premium than budge Total Expenses $ 3,783,3 $ 3,85,858 $ 4,66 % Operating Cash Surplus/(Deficit) 349,3 33,66 45,57 5% Rent Expense 6,994 6,994 Surplus/(Deficit) Before Capex (5,87) (97,378) 45,57-5% Capital Expenditures (NonCap) Furniture, Fixture & Equipment (NonCap) $ 6,94 $ - (6,94) ~ Offset in Capitalized Expenditures Computer Hardware (NonCap) 5,987 - (5,987) ~ Offset in Capitalized Expenditures Computer Software (NonCap),779 - (,779) ~ Offset in Capitalized Expenditures Total Capital Expenditures (NonCap) $ 4,86 $ - $ (4,86) Capital Expenditures (Capitalized) Computers - Hardware $ 3,557 $ 79,5 46,943 59% ~Reduction due to Mitigation Computer - Software 8,6,95,779 5% IT Infrastructure 8,5 8,5 Audio Visual Equipment 6, - (6,) Furniture, Fixture & Equipment 5,6,5 7,84 58%

Consolidated (Including HVAC)-CCCA FY 7-8 % Smart Boards 6,74 8,,6 7% HVAC and Chillers 33, (33,) Total Capital Expenditures (Capitalized) $ 4,39 $ 39,45 $ (6,734) -87% Highlights Surplus/(Deficit) After Capital Expenses (666,87) (436,783) (3,86) 53% Add back Depreciation and Amortization 7,9 68,57 (6,48) -36% Net Change in Fund Balance $ (559,778) $ (68,) $ (9,566) 9% Beginning Fund Balance 486,69 (559,778) (73,59) Cumulative Committed Funds 99, Committed Funds 33, Cumulative Committed Funds 3, Unrestricted Fund Balance (5,59)

Capacity Attending OpenSeats Pipeline* WaitList School-wide PreK K 3 4 5 6 7 8 5 7 565 59 5 4-9 3 6 59 6 6 73 6 6 65 9 37 63 63 63 63 63 63 63 74 4 CCCA-EnrolmentSummaryReport Pipeline:Offered+Accepted+ConfirmationPending.8.8

est.9 CCCA FRL% PK-8 93% Minority% 73% 5-6 6-7 SchoolGrade D B Createrigorousmathinstruction Customizemarketingstrategies Enhancedatadrivenscienceinstruction EnhanceELARtI EnhancemathRtI End-of-YearOutcomes 7-8 CanoeCreekCharterAcademyDashboard StrategicInitiativeslinkedtoKIOs KIOs A.,...8.5,.6,.7.,.3,.4 Implementprofessionallearningcommunity 3.,4.,4.3,4.4 ProgressTowardsKIOs Monitoring In-ProcessMeasures Diff.from KIO LastUpdate:/9/8 Legend Monitoring ProjectedtomeetKIO ProjectedtonotmeetKIO MostrecentIn-ProcessMeasures* ( % or % changefrom lasttime) % AboveKIO % WithinKIO % Below KIO Differencefrom KIO. Points 4% 6% 63% Current&NextUpdates StudentSuccess StateAccountability. MathProficiency.3 MathLearning Gains.4 MathLearning Gains-Lowest5%.5 ELAProficiency.6 ELALearningGains.7 ELALearningGains Low 5%.8 ScienceProficiency 44% 46% 44% 43% 35% 7% 38% 5% 63% 5% 57% 7% 64% 5% 55% 66% 55% 6% 73% 67% 56% 5% ( %) 49% ( %) -4% -% NWEA *Projectedproficiency CurrentUpdate Nov/Dec:NWEAFalProjection* (ComparedtoLastFal's) NextUpdates Feb/Mar:NWEAWinterProjection* (comparedtofal) Jul/Aug:NWEASpringProjection* (comparedtowinter) Enrolment.9 SocialStudies 56% 69% 7% CurrentUpdate. MSAccelerated Performance 4% 6% 65% January(//8)Enrolment (ComparedtoDecember's) CustomerFocus MaximizedResources WorldClassTeam &Culture. Enrolment. Recommit% 3. Safe/Orderly Environment 3. SchoolLevel Factors 4. Marzano (Leadership) SA TA SA TA SA TA 4. ParentLoyalty SA TA 4.3 Staff Loyalty SA 4.4 Workforce Engagement TA SA TA 4.5 Staff Particip.N. 4.6 ParentPartici.N. 576 4% N/A 97% 39% 9% % 68% 45% 89% 6% 68% 5% 75% 68 4% 93% 36% 89% 9% 67% 4% 86% 4% 7% 6% 74% 67% % 3% 7% 77% 9% RefertotheFinancialReportforfinancialupdates 55 536( -) -6 45% 94% 39% 9% % 7% 45% 88% 7% 7% 3% 77% 75% 5% 48% (%) 94% ( -%) 43% ( %) 93% ( -%) 5% ( 39%) 89% ( %) 49% ( -6%) 93% ( %) 48% ( 38%) 8% ( %) 46% ( 6%) 87% ( 9%) % ( 9%) 3% ( -3%) 3% % 4% % 8% 9% 4% 5% % 9% 5% % 5% -% NextUpdates FebruaryEnrolment (ComparedtoJanuary's) Survey CurrentUpdate Nov/Dec:FalStaff &Parent Survey (ComparedtolastFal's) NextUpdates May/Jun:FalStaff &ParentSurvey (ComparedtolastFal's) Cumulative ed VacantPositions InstructionalStaff Projected NonInstructionalStaff QFundBalance