SECTION 1 : AGENDA CALIBER SCHOOLS BOARD OF DIRECTORS MEETING Monday, September 18, 2017 from 1:00 PM to 3:00 PM
1:00 PM
Call to Order • Establish quorum and meeting norms • Review and approve the agenda for the meeting
T. Adams
Public Comment
Open
Approval of Minutes from June 14, 2017 Meeting
T. Adams
Committee Reports • Governance Committee Report • Academic Affairs Committee Report • Finance Committee Report
R. Beller J. Lopez T. Adams
Consent Items • EPA Spending Plan – Beta Academy • EPA Spending Plan – ChangeMakers Academy
T. Adams
Discussion & Action Items • Action Item: Election of Jonathan Mariner to the Board T. Adams • Discussion Item: Reviewing 2016-17 Academic Performance J. Moses • Discussion Item: Reviewing 2016-17 Financial Results M. Mullarkey o Action Item: Caliber: Beta Academy Unaudited Actuals Report o Action Item: Caliber: ChangeMakers Academy Unaudited Actuals Report • Discussion Item: Facilities Update M. Mullarkey • Discussion Item: Strategic Planning Calendar for 2017-18 J. Moses 3:00 PM
Adjourn
T. Adams
MEETING DETAILS: Location:
Call In Number:
Caliber: %HWD Academy (#8 ) 4301 Berk Avenue Richmond, CA 94804 866-730-7514; Participant Pin 280163#
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JONATHAN D. MARINER Jonathan Mariner is a private investor, entrepreneur, and independent board member with more than two decades of experience working in major league sports. He’s the founder and president of TaxDay, LLC, a private software firm that helps users track their multi-state travel for tax purposes. Jonathan retired from Major League Baseball (MLB) in 2016. Prior to his retirement, he served as chief investment officer (CIO) for MLB for a year and a half, overseeing approximately $2 billion in combined league-wide pension assets and MLB’s strategic investment fund. He was also president of BASES, the league’s captive insurance company. BASES provides property and casualty insurance coverage to all 30 MLB teams and ballparks. Before serving as CIO, Jonathan spent more than 12 years as executive vice president and chief financial officer (CFO) of MLB. His responsibilities included overseeing MLB’s treasury, budgeting, league- and team-related financial reporting, and risk management activities. He also managed MLB’s $2 billion league-wide credit facility and provided quarterly updates at the MLB owner’s meetings on the industry’s financial health. His career in professional sports started in 1992, with a nine-year stint as executive vice president and CFO of the Florida Marlins Baseball Club. Jonathan concurrently served as vice president and CFO of the Florida Panthers Hockey Club for the team’s initial startup and inaugural seasons in 1993 and 1994, and as vice president and CFO for Pro Player Stadium, the multi-use sports complex that was home to both the Florida Marlins and Miami Dolphins at the time. Jonathan currently sits on the board of directors of McGraw-Hill Education; the Investor’s Exchange (IEX), the new SEC-approved public stock exchange featured in Michael Lewis’s book Flash Boys; and the publicly traded cloud-based HR and payroll company, Ultimate Software, Inc. He is active on a number of charitable, foundation, and advisory boards, including the University of Virginia’s Darden Graduate Business School Board of Trustees; Little League Baseball’s board of directors; and the Knight Commission on Intercollegiate Athletics. Jonathan graduated from the University of Virginia with a bachelor’s degree in accounting and received his MBA from Harvard Business School, and is a former Certified Public Accountant. He’s been featured on the cover of CFO Magazine, and made the top 10 in Sports Illustrated’s annual listing of the “101 Most Influential Minorities in Sports.” Jonathan has been a frequent public speaker on the topic of the business of professional sports, including participating in symposiums at Harvard Business School, the Yale School of Management, Wharton, Princeton, MIT’s Sloan School, NYU’s Stern School, Columbia, the Booth School at the University of Chicago, the Darden School at the University of Virginia, the CFO Forum and the GSV Pioneer Summit. Page #2
Dashboard Mixed / Other
Enrollment (Beta) Target: 812
Enrollment (CMA) Target: 495
Current: 767 Waitlist: 503
Current: 511 Waitlist: 779
Retention (Beta) Target: 80%
Retention (CMA) Target: 80%
Target: 25%
Target: 25%
* Data on FRL, ELL, SPED is still being collected
Hispanic
Asian or Pacific Islander
Beta
Beta
White
Black or African-American
CMA
CMA
SSO
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LCAP
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Met
LCAP Update: Beta Academy
Almost met Did not meet
Goal 1: Support teachers and staff in becoming effective educational leaders
Goal 2: foster and maintain a welcoming, safe and joyful space
Goal 3: ensure that all students are on grade level
2/4 metrics met
2/2 metrics met
2/2 metrics met
5/7 metrics met Goal 6: develop a positive student and school culture
2/2 metrics met
2/2 metrics met Goal 4: Partner with Families
Goal 5: Meet the English Language development needs of our EL students
Goal 7: develop critical thinking skills across multiple subjects
0/2 metrics met
Goal 8: SPED students will grow in the Caliber community
1/1 metrics met
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Beta: Details on goals we did not meet Did not meet
Almost met Targets
Actual
100% teachers credentialed Majority find PD useful
What we’re changing in 17-18 95% credentialed Changing recruiting procedures
▪
Based on feedback, changing Professional Development time to be centered around Professional Learning Communities
▪
Separate (and more age-appropriate) SEL systems for K-5 and 6-8
▪
Partnering with community organization Peacemakers for family outreach around absenteeism
▪
Revamped SARB process and attendance flagging
▪
RTI for academic/behavioral issues
35% found useful
<3% suspensions
3.3% suspensions (note: down from 4.7% last year
1% improvement in chronic absenteeism
2% increase in chronic absenteeism
Average 100 minutes of coding / science / social studies
Only 94 minutes for K-4 (111 minutes for 5-8)
Enrichment classes from 3:15-4:00
▪
Kindergarten released at 3:15 each day
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Met
LCAP Update: ChangeMakers Academy
Almost met Did not meet
Goal 1: Support teachers and staff in becoming effective educational leaders
Goal 2: foster and maintain a welcoming, safe and joyful space
Goal 3: ensure that all students are on grade level
3/4 metrics met
2/2 metrics met
1/2 metrics met
5/7 metrics met Goal 6: develop a positive student and school culture
2/2 metrics met
2/2 metrics met Goal 4: Partner with Families
Goal 5: Meet the English Language development needs of our EL students
Goal 7: develop critical thinking skills across multiple subjects
0/2 metrics met
Goal 8: SPED students will grow in the Caliber community
1/1 metrics met
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ChangeMakers: Details on goals we did not meet Did not meet
Almost met
Targets
Actual What we’re changing in 17-18
100% teachers credentialed
25% reclassification
95% attendance
82% credentialed ▪ 0% reclassification (Goal was set too high - reclassification is a lagging indicator for the previous year)
▪ ▪
Revamped SARB process and attendance flagging
▪
Revised enrichment targets to account for earlier release with younger students
▪
RTI for academic/behavioral issues
94.8% attendance
Average 100 minutes of coding / science / social studies
Only 94 minutes for K-4 (111 minutes for 5-8)
Enrichment classes from 3:15-4:00
Kindergarten released at 3:15 each day
Stronger follow up on absenteeism Revising recruiting process
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17-18 LCAP goals (1 of 2) Beta metrics Goal 1: Support teachers and staff in becoming effective educational leaders
Goal 2: foster and maintain a welcoming, safe and joyful space
Goal 3: ensure that all students are on grade level
Goal 4: Partner with Families
● ●
CMA metrics
65% teacher retention 100% certified or in process of receiving certification Majority find PD useful Biweekly observation & feedback
● ●
● ● ●
Facilities in good repair Facility is ADA compliant Stakeholder surveys show overall satisfaction with campus
● ● ●
Facilities in good repair Facility is ADA compliant Stakeholder surveys show overall satisfaction with campus
●
At least 5% of students who barely met standard or did not meet standard will meet or exceed standards Common core aligned curriculum
●
At least 5% of students who barely met standard or did not meet standard will meet or exceed standards Common core aligned curriculum
PLPs sent home 3x/year 20% of parents will complete 20 or more volunteer hours per year 80% of parents indicate they are satisfied with the school
● ●
● ●
●
● ● ●
● ●
●
●
75% teacher retention 100% certified or in process of receiving certification Majority find PD useful Biweekly observation & feedback
PLPs sent home 3x/year 20% of parents will complete 20 or more volunteer hours per year 80% of parents indicate they are satisfied with the school Page #9
17-18 LCAP goals (2 of 2) Beta metrics Goal 5: Meet the English Language development needs of our EL students
Goal 6: develop a positive student and school culture
Goal 7: develop critical thinking skills across multiple subjects
● ●
10% of ELs reclassified 100% of reclassified students receive quarterly review
● ●
10% of ELs reclassified 100% of reclassified students receive quarterly review
● ● ● ● ●
95% attendance <3% suspension <1% expulsion <1% middle school drop-out rate 1% improvement in chronic absenteeism
● ● ● ● ●
95% attendance <3% suspension <1% expulsion <1% middle school drop-out rate 1% improvement in chronic absenteeism
●
180 minutes per week of coding, science, and social studies Set baseline for % students completing a coding project Set baseline for % of students completing 3+ writing tasks
●
180 minutes per week of coding, science, and social studies Set baseline for % students completing a coding project Set baseline for % of students completing 3+ writing tasks
Maintain rate of IEP goal completion at 85% or higher
●
● ●
●
Goal 8: SPED students will grow in the Caliber community
CMA metrics
● ●
Maintain rate of IEP goal completion at 85% or higher
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Results
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Caliber Schools Academic Results
National average: 50%
National average: 50%
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SBAC Results Since Launch
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MAP results since launch
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Culture
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Highlights from staff survey % of staff agreeing with each of the following statements
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Highlights from parent surveys % of parents agreeing with each of the following statements
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Student Surveys This year, as part of the New Schools cohort we administered surveys through Panorama Education in partnership with TransformEd. Students were asked to rate statements from 1-5 (where 3 is neutral), which were then summarized into broader categories. Below are the results from our two schools, benchmarked against the cohort average.
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What we are doing in 17-18
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We have continued on the priorities we identified last spring
• •
•
•
•
• • •
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3. Long-Term Planning Vision
Values
Model
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Click to edit Master title style
2016-17 Financial Update
Caliber Schools Board of Directors September 18, 2017
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Key Metrics ClickFinancial to edit Master title style
(*) CMA fundraising goal & actual exclude building fund efforts.
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Summary ofMaster Noteworthy Budget Items from 2016-17 Click to edit title style Beta Academy (Richmond) •
Non-meal revenue and expenses were both approximately 7% above budget.
•
Special Education expenses will exceed budget by more than 25% as a result of big variances in the areas of speech therapy and mental health services.
•
Our ending fund balance was roughly $1.5 million (2 months of OpEx), which is healthy for our scale and tenure.
ChangeMakers Academy (Vallejo) •
Non-meal revenue was 2% below budget as a result of slightly fewer students. Non-meal expenses were 4% below.
•
Special Education expenses will exceed budget by more than 50%. As above, speech therapy expenses were a big driver, as was the unexpected non-public school placement of one student.
•
Our ending fund balance was roughly $1.0 million, which is temporarily inflated as a result of roughly $535k in buildingrelated fundraising that will be spent in 2017-18.
School Support Organization (SSO) •
The SSO operating loss widened as a result of taking on some expenses that were originally planned to be spent at the schools, and as a result of increased fundraising and community engagement expenses.
•
The operating loss was more than offset by higher than expected fundraising; the ending balance was ~$1.5 million.
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Two Items ClickAdministrative to edit Master title style
2016-17 Unaudited Actuals Report • Charter Schools are required to submit a report of their unaudited financial results each September • We are finalizing our year end close now, and have prepared a report to submit • The two reports were included in the meeting packet for your approval today • We are have also been preparing for our annual fiscal auditor visit on 9/19, and will be able to provide an update on the outcome of the audit at our December meeting
EPA Spending Plan • Charter Schools are required to publicly adopt and subsequently publish a spending plan for the ”Education Protection Account” (EPA) funding they receive from the state each year • Schools are also required to publicly report on how EPA funds were spent • We have provided a proposed plan and expenditure report for each school in this meetings packet, which includes the following: • A report of how 2016-17 funds were spent (on salaries of non-administrative certificated classroom teachers) • A proposed plan for how 2017-18 funds will be spent (also on salaries of non-administrative certificated classroom teachers, which is consistent with what was approved at the June Board meeting when we adopted the 2017-18 budget)
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Click to edit Master title style
2017-18 Strategic Planning Calendar
Caliber Schools Board of Directors September 18, 2017
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0
2017-18 Strategic Click to edit MasterPlanning title styleDeliverables & Deadlines
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Network-wide Strategic Priorities Click to edit Master title style Current Planning Efforts Centered on Three Main Items •
Organization-wide Mission and Values Statements
•
What it Means to be a Caliber School
•
•
Prioritizing and refining the components of our network-wide school model
•
Focused on our TK-8 model first, but will eventually encompass HS as well
5 year plan for growth •
Developing a process that we can use to evaluate growth decisions on an annual basis
•
Evaluating our immediate growth priorities and anticipated timeline
We Plan to Bring an Update on These to the December Board Meeting
Alongside these three, we are continuing the equity work we began last year with the Senior Leadership Team, and throughout the organization
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Schools’ LCAP Processes Click to edit Master title style
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Improving Involvement in the LCAP Process Click to editStakeholder Master title style More opportunities for involvement •
Each school will hold a series of LCAP town hall meetings beginning in the fall and continuing through the winter and spring
•
The current plan calls for 6 meetings at each site, versus the 3 we held last year
•
Topics will align to the overall strategic planning calendar. For example: •
Fall: LCAP 101 + Review Goals for the Year (based on previously approved LCAP)
•
Winter: Needs Assessment + What's Working vs Not
•
Spring: Goals, Action Plan, & Budget for the Coming Year + Review Final LCAP
Accelerated schedule allows for iterative involvement and feedback •
Plan calls for draft goals and action plans to be ready for review by parents and the Board in April, allowing time for iterative refinement
•
Parents and other stakeholders will be able to review a draft of the full LCAP (including budget items) in May, so that feedback can be incorporated before final approval in June
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Anticipated Click to edit Items Masterfor titleBoard style Review December • • •
Update on network-wide strategic priorities (mission & values, model, growth) Update on schools’ progress towards their 2017-18 LCAP goals ChangeMakers ESSA Plan annual update (*) February • •
Update on schools’ progress towards their 2017-18 LCAP goals Preliminary evaluation of major initiatives in 2017-18 April • • •
Update on schools’ progress towards their 2017-18 LCAP goals Input on schools’ strategic plans Input on schools’ LCAP goals for 2018-19 June • • •
School LCAPs & budget for 2018-19 Beta Academy ESSA Plan annual update SSO budget for 2018-19
(*) CMA ESSA update is anticipated to occur earlier than usual this year as a result of an anticipated recommendation to utilize its Title I funding on a “Schoolwide Program” basis.
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Caliber Schools Minutes Board Meeting
Date and Time Wednesday June 14, 2017 at 3:00 PM Location Caliber: Beta Academy 4301 Berk Ave Richmond, CA
Board Members Present J. Lopez, J. Moses, T. Adams, V. Wu Board Members Absent D. Katzir, P. Briger, R. Beller Guests Present C. Gibson, E. Peterson, M. Mullarkey
I. Opening Items A. Call the Meeting to Order T. Adams called a meeting of the board of directors of Caliber Schools to order on Wednesday Jun 14, 2017 @ 3:04 PM at Caliber: Beta Academy 4301 Berk Ave Richmond, CA. B. Record Attendance and Guests Tony Adams did a roll call. C. Review and approve the agenda for the meeting J. Lopez made a motion to Move the consent calendar to the end of the meeting and otherwise approve the agenda as posted. J. Moses seconded the motion. The board VOTED unanimously to approve the motion.
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II. Public Comment A. Public Comments The following member of the public addressed the board: Abadesa Rolon
III. Approval of Minutes from April 17, 2017 Meeting A. Board votes to approve minutes from April 17, 2017 Board Meeting J. Lopez made a motion to approve the April 17, 2017 Board Minutes. J. Moses seconded the motion. The board VOTED to approve the motion. Roll Call V. Wu Abstain J. Moses Aye P. Briger Absent R. Beller Absent T. Adams Aye J. Lopez Aye D. Katzir Absent
IV. Committee Reports A. Governance Committee Report Jennifer Moses discussed school events and updates since last board meeting. Her update included the following items: 1) Ms. Moses updated the Board on fundraising efforts. 2) The Governance Committee is seeking to add members to the Caliber Schools Board. 3) The Governance Committee has one nomination at today's meeting and will continue the search for additional members. 4) The Governance Committee is recommending an amendment to the corporation's Bylaws to include a parent director on the Board.
B. Academic Affairs Committee Report Dr. Lopez gave an update on the Academic Affairs Meeting and discussed parent comments regarding achievement. C. Finance Committee Report Tony Adams provided an update on finances of the organization. He reported that the finance committee had reviewed the 2017-2018 proposed budget for both schools. Mr. Adams reported that the finance committee has discussed the organization's fiscal reserves, teacher salaries, and the ChangeMakers Academy facilities move in December.
V. Discussion & Action Items A. Action Item: Caliber Schools Bylaws Revisions Markus Mullarkey summarized the proposed amendments to the Caliber Schools Bylaws which were circulated prior to the meeting.
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Changes include (i) the mechanism by which the Governance Committee identifies, evaluates, and nominates potential new Board Members; (ii) the proposed addition of a parent to the Caliber Schools Board to represent the school communities served by Caliber, and (iii) various administrative updates. The following two members of the public made comments to the Board: Abadesa Rolon Fatima Alleyne J. Moses made a motion to approve bylaw adjustments. J. Lopez seconded the motion. The board VOTED unanimously to approve the motion. B. Action Item: Election of Dr. Margaret Harris to the Board The Governance Committee nominated Dr. Margaret Harris to join the Caliber Schools Board. J. Lopez made a motion to appoint Dr. Margaret Harris to the Caliber Schools Board. J. Moses seconded the motion. The board VOTED unanimously to approve the motion. C. Discussion Item: How We Developed the LCAP and Budget Ernest Peterson discussed the methods that were used to collect parent input for the 2017-2018 LCAPs for Caliber's two schools. Mr. Peterson also noted various considerations that factored into the development of the LCAPs and budgets for the schools, including: changes in salaries, changes of school hours, and parent engagement. The following three members of the public made comments to the Board: Fatima Alleyne Robin De Gracia Abadesa Rolon
D. Action Item: Caliber: Beta Academy LCAP Ernest Peterson presented the Caliber: Beta Academy LCAP. J. Moses made a motion to approve the Caliber: Beta Academy LCAP. V. Wu seconded the motion. The board VOTED unanimously to approve the motion. E. Action Item: Caliber: ChangeMakers Academy LCAP Ernest Peterson presented the Caliber:ChangeMakers LCAP. The following two memebrs of the public made comments to the Board: Abadesa Rolon Maria Soto J. Lopez made a motion to approve the Caliber: ChangeMakers Academy LCAP. J. Moses seconded the motion. The board VOTED unanimously to approve the motion. F. Discussion Item: Caliber Schools Budgets Markus Mullarkey presented a 2017-18 proposal prepared by staff. The proposal included a budget for each of Caliber's two schools, as well as a budget for the School Support Organization (formerly referred to as the CMO). The school
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budgets included a board-level summary as well as a copy of the detailed budget submission that would be made to the State in the CDE approved alternate reporting format for charter schools. The Board members asked various questions about the budget and how parents are educated about the budget process.
The following three members of the public made comments to the Board: Fatima Alleyne Abadesa Rolon Robin DeGracia
G. Action Item: Caliber: Beta Academy 2017-18 Budget J. Lopez made a motion to approve the Caliber: Beta Academy 2017-2018 budget. J. Moses seconded the motion. The board VOTED unanimously to approve the motion. H. Action Item: Caliber: ChangeMakers Academy 2017-18 Budget J. Lopez made a motion to approve the Caliber: ChangeMakers Academy 2017-2018 budget. J. Moses seconded the motion. The board VOTED unanimously to approve the motion. I. Acton Item: Caliber Schools SSO Budget J. Lopez made a motion to approve the Caliber Schools School Support Organization budget. J. Moses seconded the motion. The board VOTED unanimously to approve the motion. J. Action Item: Statement of Support for Transgender Rights Jennifer Moses reported that Caliber would like to make a public commitment to our transgender community reaffirming our commitment to keeping Caliber a safe space for LGBT students. Dr. Lopez requested that commitment letter sent to Betsy Devos. The following two members of the public made comments to the Board: Fatima Alleyne Abadesa Rolon J. Lopez made a motion to accept the Statement of Support for Transgender rights. T. Adams seconded the motion. The board VOTED unanimously to approve the motion.
VI. Consent Items A. Vote on items included in the consent calendar The following items were included on the list of consent items originally circulated to the Board:
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• • • • •
Fiscal Policies & Procedures Family Handbook Staff Handbook WCCUSD In Lieu Facilities Agreement VCUSD In Lieu Facilities Agreement
The following additional items were provided to the Board prior to the meeting and summarized by Mr. Mullarkey at the meeting: • Preferred Meals Contract Renewal (Beta) • Health Benefit Provider Contract Renewals Staff also requested Board input on the process for approving the following contracts that are likely to be ready for approval in July and will need to be approved in advance of the next Board Meeting: • • • • • • •
Beta Academy Custodial Services ChangeMakers Academy Custodial Services After School Provider at Beta Academy ChangeMakers Academy Meal Vendor Speech Pathology Group ChangeMakers Academy Classroom and Office Furniture Procurement Borrowing Agreement with Charter School Growth Fund
The Board discussed various options for reviewing and approving the latter items, including (a) scheduling a special Board meeting in advance of the next regularly scheduled meeting, (b) delegating the authority to approve the contracts to a sub-group of the Board, and (c) delegating the authority to approve the contracts to staff. The following two members of the public made a comment to the Board: Fatima Alleyne Abadesa Rolon J. Moses made a motion to approve the Preferred Meals contract for Caliber: Beta Academy and the renewal of Caliber's contracts with its employee benefits providers. J. Lopez seconded the motion. The board VOTED unanimously to approve the motion. J. Lopez made a motion to delegate to the Finance Committee on a one-time basis the authority to review and approve any or all of following contracts: (i) Beta Academy Custodial Services, (ii) ChangeMakers Academy Custodial Services, (iii) After School Provider at Beta Academy, (iv) ChangeMakers Academy Meal Vendor, (v) Speech Pathology Group, (vi) ChangeMakers Academy Classroom and Office Furniture Procurement, and (vii) Borrowing Agreement with Charter School Growth Fund. J. Moses seconded the motion. The board VOTED unanimously to approve the motion. J. Moses made a motion to approve the items included in the original consent calendar. V. Wu seconded the motion. The board VOTED unanimously to approve the motion.
VII. Closing Items A. Adjourn Meeting
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There being no further business to be transacted, and upon motion duly made, seconded and approved, the meeting was adjourned at 5:50 PM. Respectfully Submitted, T. Adams
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CHARTER SCHOOL UNAUDITED ACTUALS FINANCIAL REPORT -- ALTERNATIVE FORM July 1, 2016 to June 30, 2017 Charter School Name: Caliber: Beta Academy CDS #: 07100740129528 Charter Approving Entity: Contra Costa County Office of Education County: Contra Costa Charter #: 1622 This charter school uses the following basis of accounting: (Please enter an "X" in the applicable box below; check only one box) X Accrual Basis (Applicable Capital Assets/Interest on Long-Term Debt/Long-Term Liabilities/Net Position objects are 6900, 7438, 9400-9489, 9660-9669, 9796, and 9797) Modified Accrual Basis (Applicable Capital Outlay/Debt Service/Fund Balance objects are 6100-6170, 6200-6500, 7438, 7439, and 9711-9789) Description A. REVENUES 1. LCFF Sources State Aid - Current Year Education Protection Account State Aid - Current Year State Aid - Prior Years Transfers to Charter Schools in Lieu of Property Taxes Other LCFF Transfers Total, LCFF Sources 2. Federal Revenues (see NOTE in Section L) No Child Left Behind/Every Student Succeeds Act Special Education - Federal Child Nutrition - Federal Donated Food Commodities Other Federal Revenues Total, Federal Revenues
Object Code
8011 8012 8019 8096 8091, 8097
4. Other Local Revenues All Other Local Revenues Total, Local Revenues
LocalRevAO
5. TOTAL REVENUES
2. Noncertificated Salaries Noncertificated Instructional Salaries Noncertificated Support Salaries Noncertificated Supervisors' and Administrators' Salaries Clerical and Office Salaries Other Noncertificated Salaries Total, Noncertificated Salaries Description 3. Employee Benefits STRS PERS OASDI / Medicare / Alternative Health and Welfare Benefits Unemployment Insurance Workers' Compensation Insurance OPEB, Allocated OPEB, Active Employees Other Employee Benefits Total, Employee Benefits California Department of Education Charter School Financial Report Certification Form (Revised 04/2017)
1,875,560.56
8290 8181, 8182 8220 8221 8110, 8260-8299
StateRevSE StateRevAO
1100 1200 1300 1900
2100 2200 2300 2400 2900 Object Code 3101-3102 3201-3202 3301-3302 3401-3402 3501-3502 3601-3602 3701-3702 3751-3752 3901-3902
Restricted
4,574,097.56 143,368.00
6,593,026.12
3. Other State Revenues Special Education - State All Other State Revenues Total, Other State Revenues
B. EXPENDITURES (see NOTE in Section L) 1. Certificated Salaries Certificated Teachers' Salaries Certificated Pupil Support Salaries Certificated Supervisors' and Administrators' Salaries Other Certificated Salaries Total, Certificated Salaries
Unrestricted
0.00 230,540.73 99,742.00 604,636.10
Total
4,574,097.56 143,368.00 0.00 1,875,560.56 0.00 6,593,026.12
0.00
934,918.83
230,540.73 99,742.00 604,636.10 0.00 0.00 934,918.83
241,306.67 241,306.67
466,371.00 177,110.57 643,481.57
466,371.00 418,417.24 884,788.24
25,203.13 25,203.13
106,965.68 106,965.68
132,168.81 132,168.81
6,859,535.92
1,685,366.08
8,544,902.00
2,034,342.30
122,379.30
2,156,721.60 0.00 220,165.99 0.00 2,376,887.59
220,165.99 2,254,508.29
122,379.30
328,568.45 345,134.46 133,630.55 85,096.00
361,194.14 86,421.19
892,429.46 Unrestricted
447,615.33 Restricted
244,354.31 330,103.65 21,099.79 50,010.53
43,603.97 72,453.54 4,284.98 2,212.51
72,292.62 717,860.90
11,874.12 134,429.12
689,762.59 431,555.65 133,630.55 85,096.00 0.00 1,340,044.79 Total 0.00 0.00 287,958.28 402,557.19 25,384.77 52,223.04 0.00 0.00 84,166.74 852,290.02
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CHARTER SCHOOL UNAUDITED ACTUALS FINANCIAL REPORT -- ALTERNATIVE FORM July 1, 2016 to June 30, 2017 Charter School Name: Caliber: Beta Academy CDS #: 07100740129528 4. Books and Supplies Approved Textbooks and Core Curricula Materials Books and Other Reference Materials Materials and Supplies Noncapitalized Equipment Food Total, Books and Supplies 5. Services and Other Operating Expenditures Subagreements for Services Travel and Conferences Dues and Memberships Insurance Operations and Housekeeping Services Rentals, Leases, Repairs, and Noncap. Improvements Transfers of Direct Costs Professional/Consulting Services and Operating Expend. Communications Total, Services and Other Operating Expenditures 6. Capital Outlay (Objects 6100-6170, 6200-6500 modified accrual basis only) Land and Land Improvements Buildings and Improvements of Buildings Books and Media for New School Libraries or Major Expansion of School Libraries Equipment Equipment Replacement Depreciation Expense (accrual basis only) Total, Capital Outlay 7. Other Outgo Tuition to Other Schools Transfers of Pass-Through Revenues to Other LEAs Transfers of Apportionments to Other LEAs - Spec. Ed. Transfers of Apportionments to Other LEAs - All Other All Other Transfers Transfers of Indirect Costs Debt Service: Interest Principal (for modified accrual basis only) Total Debt Service Total, Other Outgo 8. TOTAL EXPENDITURES Description C. EXCESS (DEFICIENCY) OF REVENUES OVER EXPENDITURES BEFORE OTHER FINANCING SOURCES AND USES (A5-B8) D. OTHER FINANCING SOURCES / USES 1. Other Sources 2. Less: Other Uses 3. Contributions Between Unrestricted and Restricted Accounts (must net to zero)
4100 4200 4300 4400 4700
137,047.40 15,864.69 341,026.16 108,083.51 129,018.56 731,040.32
5100 5200 5300 5400 5500 5600 5700-5799 5800 5900
87,317.53 63,670.54 60.00 19,451.10 215,987.98 289,355.41
15,427.30
1,372,525.83 37,148.74 2,085,517.13
274,574.38
2,465.98 9,099.00 607,693.25 652,533.65
290,001.68
6100-6170 6200 6300 6400 6500 6900
7110-7143 7211-7213 7221-7223SE 7221-7223AO 7281-7299 7300-7399
4,053.60 4,053.60
(10,129.00)
102,744.83 63,670.54 60.00 19,451.10 215,987.98 289,355.41 0.00 1,647,100.21 37,148.74 2,375,518.81
0.00
10,129.00
0.00 0.00 0.00 4,053.60 4,053.60 0.00 0.00 0.00 0.00 0.00 0.00
0.00 10,129.00
0.00 0.00 0.00 0.00
6,675,280.70 Unrestricted
1,657,088.08 Restricted
8,332,368.78 Total
184,255.22
28,278.00
212,533.22
0.00 (10,129.00) Object Code
170,322.82 15,864.69 343,492.14 117,182.51 736,711.81 1,383,573.97
0.00 0.00
7438 7439
8930-8979 7630-7699
0.00 0.00
8980-8999
0.00
4. TOTAL OTHER FINANCING SOURCES / USES E. NET INCREASE (DECREASE) IN FUND BALANCE /NET POSITION (C+D4) F. FUND BALANCE / NET POSITION 1. Beginning Fund Balance/Net Position a. As of July 1 b. Adjustments/Restatements c. Adjusted Beginning Fund Balance /Net Position 2. Ending Fund Balance /Net Position, June 30 (E+F1c) Components of Ending Fund Balance (Modified Accrual Basis only) a. Nonspendable California Department of Education 1. Charter Revolving Cash (equals School Financial Report Object 9130) 2. Certification Stores (equals Form (Revised Object 04/2017) 9320)
33,275.42
9791 9793, 9795
Page 2 of9711 4
9712
0.00
0.00
0.00
184,255.22
28,278.00
212,533.22
0.00 28,278.00
1,219,252.89 15,616.11 1,234,869.00 1,447,402.22
1,219,252.89 15,616.11 1,234,869.00 1,419,124.22
0.00 9/14/170.00 10:34 PM
Page #39
CHARTER SCHOOL UNAUDITED ACTUALS FINANCIAL REPORT -- ALTERNATIVE FORM July 1, 2016 to June 30, 2017 Charter School Name: Caliber: Beta Academy 3. Prepaid Expenditures (equals Object 9330) 4. All Others b. Restricted c. Committed Committed 1. Stabilization Arrangements 2. Other Commitments d. Assigned e. Unassigned/Unappropriated 1. Reserve for Economic Uncertainties 2. Unassigned/Unappropriated Amount 3. Components of Ending Net Position (Accrual Basis only) a. Net Investment in Capital Assets b. Restricted Net Position c. Unrestricted Net Position Description G. ASSETS 1. Cash In County Treasury Fair Value Adjustment to Cash in County Treasury In Banks In Revolving Fund With Fiscal Agent/Trustee Collections Awaiting Deposit 2. Investments 3. Accounts Receivable 4. Due from Grantor Governments 5. Stores 6. Prepaid Expenditures (Expenses) 7. Other Current Assets 8. Capital Assets (accrual basis only)
CDS #: 07100740129528 9713 9719 9740 9750 9760 9780
0.00 0.00 0.00 0.00 0.00 0.00
9789 9790M
9796 9797 9790A Object Code
9,539.13
28,278.00
37,817.13 0.00
1,409,585.09 Unrestricted
0.00 Restricted
1,409,585.09 Total
9,539.13
28,278.00
0.00 0.00 858,862.39 0.00 0.00 217.05 0.00 106,809.93 987,730.14 0.00 132,599.34 0.00 37,817.13
2,095,757.98
28,278.00
2,124,035.98
9110 9111 9120 9130 9135 9140 9150 9200 9290 9320 9330 9340 9400-9489
9. TOTAL ASSETS H. DEFERRED OUTFLOWS OF RESOURCES 1. Deferred Outflows of Resources
0.00 0.00 0.00
858,862.39
217.05 106,809.93 987,730.14 132,599.34
9490
0.00
2. TOTAL DEFERRED OUTFLOWS I.
LIABILITIES 1. Accounts Payable 2. Due to Grantor Governments 3. Current Loans 4. Unearned Revenue 5. Long-Term Liabilities (accrual basis only)
0.00
9500 9590 9640 9650 9660-9669
676,633.76
6. TOTAL LIABILITIES J. DEFERRED INFLOWS OF RESOURCES 1. Deferred Inflows of Resources
0.00
676,633.76 0.00 0.00 0.00 0.00
676,633.76
0.00
9690
676,633.76
0.00
2. TOTAL DEFERRED INFLOWS K. FUND BALANCE /NET POSITION Ending Fund Balance /Net Position, June 30 (G9 + H2) - (I6 + J2) (must agree with Line F2)
0.00
0.00
0.00
0.00
1,419,124.22
28,278.00
1,447,402.22
L. FEDERAL EVERY STUDENT SUCCEEDS ACT (ESSA) MAINTENANCE OF EFFORT REQUIREMENT NOTE: IF YOUR CHARTER SCHOOL RECEIVED FEDERAL FUNDING, AS REPORTED IN SECTION A2, THE FOLLOWING ADDITIONAL INFORMATION MUST BE PROVIDED IN ORDER FOR THE CDE TO CALCULATE COMPLIANCE WITH THE FEDERAL EVERY STUDENT SUCCEEDS ACT (ESSA) MAINTENANCE OF EFFORT REQUIREMENT: 1. Federal Revenue Used for Capital Outlay and Debt Service Included California in the Department CapitalofOutlay Educationand Debt Service expenditures reported in sections B6 and B7 are Charter School Financialpaid Report Page 3 of 4 the following amounts out of federal funds: Certification Form (Revised 04/2017)
9/14/17 10:34 PM
Page #40
CHARTER SCHOOL UNAUDITED ACTUALS FINANCIAL REPORT -- ALTERNATIVE FORM July 1, 2016 to June 30, 2017 Charter School Name: Caliber: Beta Academy CDS #: 07100740129528 Federal Program Name (If no amounts, indicate "NONE")
Capital Outlay
a. NSLP Equipment Grant - Purchase of Oven & Warmer b. c. d. e. f. g. h. i. j.
$
Debt Service
28,278.00
28,278.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
28,278.00
TOTAL FEDERAL REVENUES USED FOR CAPITAL OUTLAY AND DEBT SERVICE
Total
0.00
28,278.00
2. Community Services Expenditures Provide the amount of State and Local funds reported in Section B that were expended for Community Services Activities: Amount (Enter "0.00" if none)
Objects of Expenditures a. b. c. d. e.
Certificated Salaries Noncertificated Salaries Employee Benefits Books and Supplies Services and Other Operating Expenditures
1000-1999 2000-2999 3000-3999 4000-4999 5000-5999
0.00 0.00 0.00 0.00 0.00
TOTAL COMMUNITY SERVICES EXPENDITURES
0.00
3. State and Local Expenditures to be Used for ESSA Annual Maintenance of Effort Calculation: Results of this calculation will be used for comparison with 2015-16 expenditures. Failure to maintain the required 90 percent expenditure level on either an aggregate or per capita expenditure basis will result in reduction to allocations for covered programs in 2018-19. a. Total Expenditures (B8)
8,332,368.78
b. Less Federal Expenditures (Total A2) [Revenues are used as proxy for expenditures because most federal revenues are normally recognized in the period that qualifying expenditures are incurred]
934,918.83
c. Subtotal of State & Local Expenditures [a minus b]
7,397,449.95
d. Less Community Services [L2 Total]
0.00
e. Less Capital Outlay & Debt Service [Total B6 plus objects 7438 and 7439, less L1 Total]
(24,224.40)
TOTAL STATE & LOCAL EXPENDITURES SUBJECT TO MOE [c minus d minus e]
California Department of Education Charter School Financial Report Certification Form (Revised 04/2017)
$
7,421,674.35
Page 4 of 4 9/14/17 10:34 PM
Page #41
CHARTER SCHOOL UNAUDITED ACTUALS FINANCIAL REPORT -- ALTERNATIVE FORM July 1, 2016 to June 30, 2017 Charter School Name: Caliber: ChangeMakers Academy CDS #: 48705810134262 Charter Approving Entity: Vallejo City Unified School District County: Solano Charter #: 1779 This charter school uses the following basis of accounting: (Please enter an "X" in the applicable box below; check only one box) X Accrual Basis (Applicable Capital Assets/Interest on Long-Term Debt/Long-Term Liabilities/Net Position objects are 6900, 7438, 9400-9489, 9660-9669, 9796, and 9797) Modified Accrual Basis (Applicable Capital Outlay/Debt Service/Fund Balance objects are 6100-6170, 6200-6500, 7438, 7439, and 9711-9789) Description A. REVENUES 1. LCFF Sources State Aid - Current Year Education Protection Account State Aid - Current Year State Aid - Prior Years Transfers to Charter Schools in Lieu of Property Taxes Other LCFF Transfers Total, LCFF Sources 2. Federal Revenues (see NOTE in Section L) No Child Left Behind/Every Student Succeeds Act Special Education - Federal Child Nutrition - Federal Donated Food Commodities Other Federal Revenues Total, Federal Revenues
Object Code
8011 8012 8019 8096 8091, 8097
4. Other Local Revenues All Other Local Revenues Total, Local Revenues
LocalRevAO
5. TOTAL REVENUES
2. Noncertificated Salaries Noncertificated Instructional Salaries Noncertificated Support Salaries Noncertificated Supervisors' and Administrators' Salaries Clerical and Office Salaries Other Noncertificated Salaries Total, Noncertificated Salaries Description 3. Employee Benefits STRS PERS OASDI / Medicare / Alternative Health and Welfare Benefits Unemployment Insurance Workers' Compensation Insurance OPEB, Allocated OPEB, Active Employees Other Employee Benefits Total, Employee Benefits California Department of Education Charter School Financial Report Certification Form (Revised 04/2017)
543,256.00
8290 8181, 8182 8220 8221 8110, 8260-8299
StateRevSE StateRevAO
1100 1200 1300 1900
2100 2200 2300 2400 2900 Object Code 3101-3102 3201-3202 3301-3302 3401-3402 3501-3502 3601-3602 3701-3702 3751-3752 3901-3902
Restricted
2,045,172.00 55,754.00
2,644,182.00
3. Other State Revenues Special Education - State All Other State Revenues Total, Other State Revenues
B. EXPENDITURES (see NOTE in Section L) 1. Certificated Salaries Certificated Teachers' Salaries Certificated Pupil Support Salaries Certificated Supervisors' and Administrators' Salaries Other Certificated Salaries Total, Certificated Salaries
Unrestricted
0.00 579,211.39
Total
2,045,172.00 55,754.00 0.00 543,256.00 0.00 2,644,182.00
0.00
733,112.22
579,211.39 0.00 153,900.83 0.00 0.00 733,112.22
41,558.50 41,558.50
141,336.00 21,615.05 162,951.05
141,336.00 63,173.55 204,509.55
416,360.67 416,360.67
536,375.00 536,375.00
952,735.67 952,735.67
3,102,101.17
1,432,438.27
4,534,539.44
845,649.16
76,704.53
168,576.23
23,750.00
1,014,225.39
100,454.53
922,353.69 0.00 192,326.23 0.00 1,114,679.92
341,242.49 176,109.55 57,145.76 53,899.55
82,386.83
628,397.35 Unrestricted
95,689.83 Restricted
153,900.83
8,125.00 5,178.00
126,630.51 148,443.88 14,664.16 8,173.09
14,874.09 13,156.66 1,486.27 727.00
46,316.54 344,228.18
2,250.00 32,494.02
423,629.32 176,109.55 65,270.76 59,077.55 0.00 724,087.18 Total 0.00 0.00 141,504.60 161,600.54 16,150.43 8,900.09 0.00 0.00 48,566.54 376,722.20
Page 1 of 4 9/14/17 10:35 PM
Page #42
CHARTER SCHOOL UNAUDITED ACTUALS FINANCIAL REPORT -- ALTERNATIVE FORM July 1, 2016 to June 30, 2017 Charter School Name: Caliber: ChangeMakers Academy CDS #: 48705810134262 4. Books and Supplies Approved Textbooks and Core Curricula Materials Books and Other Reference Materials Materials and Supplies Noncapitalized Equipment Food Total, Books and Supplies 5. Services and Other Operating Expenditures Subagreements for Services Travel and Conferences Dues and Memberships Insurance Operations and Housekeeping Services Rentals, Leases, Repairs, and Noncap. Improvements Transfers of Direct Costs Professional/Consulting Services and Operating Expend. Communications Total, Services and Other Operating Expenditures 6. Capital Outlay (Objects 6100-6170, 6200-6500 modified accrual basis only) Land and Land Improvements Buildings and Improvements of Buildings Books and Media for New School Libraries or Major Expansion of School Libraries Equipment Equipment Replacement Depreciation Expense (accrual basis only) Total, Capital Outlay 7. Other Outgo Tuition to Other Schools Transfers of Pass-Through Revenues to Other LEAs Transfers of Apportionments to Other LEAs - Spec. Ed. Transfers of Apportionments to Other LEAs - All Other All Other Transfers Transfers of Indirect Costs Debt Service: Interest Principal (for modified accrual basis only) Total Debt Service Total, Other Outgo 8. TOTAL EXPENDITURES Description C. EXCESS (DEFICIENCY) OF REVENUES OVER EXPENDITURES BEFORE OTHER FINANCING SOURCES AND USES (A5-B8) D. OTHER FINANCING SOURCES / USES 1. Other Sources 2. Less: Other Uses 3. Contributions Between Unrestricted and Restricted Accounts (must net to zero)
4100 4200 4300 4400 4700
20,065.74 3,012.66 77,951.76 14,619.84 81,948.93 197,598.93
5100 5200 5300 5400 5500 5600 5700-5799 5800 5900
15,584.58 27,463.91 2,105.07 7,294.17 96,472.00 71,694.49 66,604.93 66,604.93
114,441.85 12,826.27 206,733.14 219,924.52 244,493.11 798,418.89 15,584.58 27,463.91 2,105.07 7,294.17 96,472.00 71,694.49 0.00 552,824.67 19,584.17 793,023.06
6100-6170 6200
0.00 0.00
6300 6400 6500 6900
0.00 0.00 0.00 0.00 0.00
0.00
0.00
7110-7143 7211-7213 7221-7223SE 7221-7223AO 7281-7299 7300-7399 7438 7439
Object Code
0.00 0.00 0.00 0.00 0.00 0.00 229.68 229.68 229.68
0.00 0.00
229.68 0.00 229.68 229.68
2,911,097.66 Unrestricted
896,063.27 Restricted
3,807,160.93 Total
191,003.51
536,375.00
727,378.51
8930-8979 7630-7699
0.00 0.00
8980-8999
0.00
4. TOTAL OTHER FINANCING SOURCES / USES E. NET INCREASE (DECREASE) IN FUND BALANCE /NET POSITION (C+D4) F. FUND BALANCE / NET POSITION 1. Beginning Fund Balance/Net Position a. As of July 1 b. Adjustments/Restatements c. Adjusted Beginning Fund Balance /Net Position 2. Ending Fund Balance /Net Position, June 30 (E+F1c) Components of Ending Fund Balance (Modified Accrual Basis only) a. Nonspendable California Department of Education 1. Charter Revolving Cash (equals School Financial Report Object 9130) 2. Certification Stores (equals Form (Revised Object 04/2017) 9320)
486,219.74 19,584.17 726,418.13
94,376.11 9,813.61 128,781.38 205,304.68 162,544.18 600,819.96
9791 9793, 9795
Page 2 of9711 4
9712
0.00
0.00
0.00
191,003.51
536,375.00
727,378.51
0.00 536,375.00
0.00 246,358.00 246,358.00 973,736.51
246,358.00 246,358.00 437,361.51
0.00 9/14/170.00 10:35 PM
Page #43
CHARTER SCHOOL UNAUDITED ACTUALS FINANCIAL REPORT -- ALTERNATIVE FORM July 1, 2016 to June 30, 2017 Charter School Name: Caliber: ChangeMakers Academy 3. Prepaid Expenditures (equals Object 9330) 4. All Others b. Restricted c. Committed Committed 1. Stabilization Arrangements 2. Other Commitments d. Assigned e. Unassigned/Unappropriated 1. Reserve for Economic Uncertainties 2. Unassigned/Unappropriated Amount 3. Components of Ending Net Position (Accrual Basis only) a. Net Investment in Capital Assets b. Restricted Net Position c. Unrestricted Net Position Description G. ASSETS 1. Cash In County Treasury Fair Value Adjustment to Cash in County Treasury In Banks In Revolving Fund With Fiscal Agent/Trustee Collections Awaiting Deposit 2. Investments 3. Accounts Receivable 4. Due from Grantor Governments 5. Stores 6. Prepaid Expenditures (Expenses) 7. Other Current Assets 8. Capital Assets (accrual basis only)
CDS #: 48705810134262 9713 9719 9740
0.00 0.00 0.00
9750 9760 9780
0.00 0.00 0.00 0.00 0.00 0.00
9789 9790M
9796 9797 9790A Object Code
437,361.51 Unrestricted
9110 9111 9120 9130 9135 9140 9150 9200 9290 9320 9330 9340 9400-9489
9. TOTAL ASSETS H. DEFERRED OUTFLOWS OF RESOURCES 1. Deferred Outflows of Resources
LIABILITIES 1. Accounts Payable 2. Due to Grantor Governments 3. Current Loans 4. Unearned Revenue 5. Long-Term Liabilities (accrual basis only)
0.00 Restricted
437,361.51 Total
(606,801.70)
536,375.00
183.50 4,374.67 801,777.85 60,793.87
536,375.00
9490
9500 9590 9640 9650 9660-9669
0.00
214,111.27
0.00
9690
K. FUND BALANCE /NET POSITION Ending Fund Balance /Net Position, June 30 (G9 + H2) - (I6 + J2) (must agree with Line F2)
1,187,847.78
0.00
214,111.27 0.00 0.00 0.00 0.00
214,111.27
2. TOTAL DEFERRED INFLOWS
391,144.59 0.00 (70,426.70) 0.00 0.00 183.50 0.00 4,374.67 801,777.85 0.00 60,793.87 0.00 0.00
0.00 0.00
6. TOTAL LIABILITIES J. DEFERRED INFLOWS OF RESOURCES 1. Deferred Inflows of Resources
0.00 536,375.00
391,144.59
651,472.78
2. TOTAL DEFERRED OUTFLOWS I.
536,375.00
214,111.27
0.00 0.00
0.00
0.00
437,361.51
536,375.00
973,736.51
L. FEDERAL EVERY STUDENT SUCCEEDS ACT (ESSA) MAINTENANCE OF EFFORT REQUIREMENT NOTE: IF YOUR CHARTER SCHOOL RECEIVED FEDERAL FUNDING, AS REPORTED IN SECTION A2, THE FOLLOWING ADDITIONAL INFORMATION MUST BE PROVIDED IN ORDER FOR THE CDE TO CALCULATE COMPLIANCE WITH THE FEDERAL EVERY STUDENT SUCCEEDS ACT (ESSA) MAINTENANCE OF EFFORT REQUIREMENT: 1. Federal Revenue Used for Capital Outlay and Debt Service Included California in the Department CapitalofOutlay Educationand Debt Service expenditures reported in sections B6 and B7 are Charter School Financialpaid Report Page 3 of 4 the following amounts out of federal funds: Certification Form (Revised 04/2017)
9/14/17 10:35 PM
Page #44
CHARTER SCHOOL UNAUDITED ACTUALS FINANCIAL REPORT -- ALTERNATIVE FORM July 1, 2016 to June 30, 2017 Charter School Name: Caliber: ChangeMakers Academy CDS #: 48705810134262 Federal Program Name (If no amounts, indicate "NONE")
Capital Outlay
a. NONE b. c. d. e. f. g. h. i. j.
Debt Service
$
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
TOTAL FEDERAL REVENUES USED FOR CAPITAL OUTLAY AND DEBT SERVICE
Total
0.00
0.00
2. Community Services Expenditures Provide the amount of State and Local funds reported in Section B that were expended for Community Services Activities: Amount (Enter "0.00" if none)
Objects of Expenditures a. b. c. d. e.
Certificated Salaries Noncertificated Salaries Employee Benefits Books and Supplies Services and Other Operating Expenditures
1000-1999 2000-2999 3000-3999 4000-4999 5000-5999
0.00 0.00 0.00 0.00 0.00
TOTAL COMMUNITY SERVICES EXPENDITURES
0.00
3. State and Local Expenditures to be Used for ESSA Annual Maintenance of Effort Calculation: Results of this calculation will be used for comparison with 2015-16 expenditures. Failure to maintain the required 90 percent expenditure level on either an aggregate or per capita expenditure basis will result in reduction to allocations for covered programs in 2018-19. a. Total Expenditures (B8)
3,807,160.93
b. Less Federal Expenditures (Total A2) [Revenues are used as proxy for expenditures because most federal revenues are normally recognized in the period that qualifying expenditures are incurred]
733,112.22
c. Subtotal of State & Local Expenditures [a minus b]
3,074,048.71
d. Less Community Services [L2 Total]
0.00
e. Less Capital Outlay & Debt Service [Total B6 plus objects 7438 and 7439, less L1 Total]
229.68
TOTAL STATE & LOCAL EXPENDITURES SUBJECT TO MOE [c minus d minus e]
California Department of Education Charter School Financial Report Certification Form (Revised 04/2017)
$
3,073,819.03
Page 4 of 4 9/14/17 10:35 PM
Page #45
Caliber:Beta Academy Education Protection Account (EPA) Spending Plan Proposition 30, “The Schools and Local Public Safety Protection Act of 2012,” temporarily increased the state sales tax rate for all taxpayers and the personal income tax rates for upperincome taxpayers. The new revenues generated from Proposition 30 are deposited into an account called the Education Protection Account (EPA). Charter schools such as Caliber:Beta Academy receive funds from the EPA based on their proportionate share of the statewide revenue limit amount. Proposition 30 provides that governing boards of local agencies such as Caliber:Beta Academy have the sole authority to determine how they spend EPA funds, provided that the spending plan must be approved during a public meeting of the governing board. EPA funds cannot be used for the salaries or benefits of administrators or any other administrative costs. Each year, the local agency must publish on its Website an accounting of how much money was received from the EPA and how the funds were expended. The estimated EPA entitlement for Caliber:Beta Academy is as follows: 2014-15 School Year (actual) $ 55,814 2015-16 School Year (actual) $ 113,840 2016-17 School Year (unaudited) $ 143,368 2017-18 School Year (projected) $ 146,566 EPA funds have been and will be used to cover salaries of certain non-administrative certificated classroom teachers. This plan will be updated to reflect the actual amount of EPA funds received each year. Additional information will also be available in Caliber Schools’ annual financial report.
Page #46
Caliber:ChangeMakers Academy Education Protection Account (EPA) Spending Plan Proposition 30, “The Schools and Local Public Safety Protection Act of 2012,” temporarily increased the state sales tax rate for all taxpayers and the personal income tax rates for upperincome taxpayers. The new revenues generated from Proposition 30 are deposited into an account called the Education Protection Account (EPA). Charter schools such as Caliber:ChangeMakers Academy receive funds from the EPA based on their proportionate share of the statewide revenue limit amount. Proposition 30 provides that governing boards of local agencies such as Caliber: ChangeMakers Academy have the sole authority to determine how they spend EPA funds, provided that the spending plan must be approved during a public meeting of the governing board. EPA funds cannot be used for the salaries or benefits of administrators or any other administrative costs. Each year, the local agency must publish on its Website an accounting of how much money was received from the EPA and how the funds were expended. The estimated EPA entitlement for Caliber:ChangeMakers Academy is as follows: 2016-17 School Year (unaudited) $ 55,754 2017-18 School Year (projected) $ 89,348 EPA funds will be used to cover salaries of certain non-administrative certificated classroom teachers. This plan will be updated to reflect the actual amount of EPA funds received each year. Additional information will also be available in Caliber Schools’ annual financial report.
Page #47
