State of the Charter Schools Andrea Cooper Gatewood Charter Schools Board Work Session January 10, 2017
Overview • FCS Charter Portfolio • Update on New Charters • Charter Performance • Next Steps 2
Ten Independent Charter Schools 3
New Start-Up Charters Fulton Academy of Science and Skyview High School Technology (FAST) Focus: Design thinking and problem-solving Focus: Supporting at-risk students with with an emphasis on Science, Technology, obtaining High School diploma Engineering and Mathematics (STEM) Current enrollment is 257 students Current enrollment is 463 students K-6 Average Enrollment Age: 17 years old Singapore Math Average HS Credits: 8 FOSS science 90% are off track to graduate Computer Science and Coding Innovation Hour Key Challenges and Opportunities Key Challenges and Opportunities Robust enrollment Construction delay Strong referrals from FCS high schools Traffic impact on community Enrollment Board leadership transition One day closure 4
Charter Performance • Academic Performance • Financial Performance 5
CCRPI Elementary Schools 100.0 80.0 75.4 73.3 72.8 % Developing Learners and Above 70.0 68.7 68.3 61.2 60.0 40.0 20.0 0.0 FCS Schools FCS GA Charters All FCS Elementary Schools All Georgia Elementary Schools All Fulton Elementary Charter Schools Traditional Comparison Schools The Main Street Academy Chattahoochee Hills Charter KIPP South Fulton Academy Amana Academy 6
CCRPI Middle Schools 100.0 90.6 84.9 80.3 80.0 74.3 72.1 % Developing Learners and Above 70.8 67.9 64.0 57.9 60.0 40.0 20.0 0.0 FCS Schools FCS GA Charters 7
CCRPI High Schools CCRPI - High Schools 100 79.5 % Developing Learners and Above 75.7 80 60 55.5 40 20 0 FCS GA Schools All FCS High Schools All Georgia Elementary Schools Hapeville Charter Career Academy Traditional Comparison Schools 8
Financial Performance Sustainability Ratio Liquidity Ratio Occupancy Expense Ratio Debts to Assets Ratio All schools have an annual independent audit conducted All schools receive Agreed Upon Procedures Audit 9
Financial Stability Sustainability Ratio KIPP Latin Chatt South Main Latin College Year Amana Hills Hapeville Fulton Street Grammar * Prep * 2016 -.58 1.17 4.51 1.00 .91 3.86 2.26 The number of months total unrestricted net assets could cover average monthly expenses. Two months is the recommendation by most analysts. Liquidity Ratio KIPP Latin Chatt South Main Latin College Year Amana Hills Hapeville Fulton Street Grammar * Prep * 2016 -1.0 .17 .92 .84 .09 .32 .20 A higher liquidity ratio measures the ability to repay short-term creditors (liabilities) from cash and other liquid assets (assets). *Latin Grammar and Latin College Prep SY 2015/16 first year operation 10
Financial Stability Occupancy Expenses Ratio KIPP Latin Chatt South Main Latin College Year Amana Hills Hapeville Fulton Street Grammar * Prep * 2016 16% 12% 11% 5% 2% 10% 3% Indicates the percentage of the charter school total revenue that goes to facility costs. National average is between 15 and 20%. Debt to Assets Ratio KIPP Latin Chatt South Main Latin College Year Amana Hills Hapeville Fulton Street Grammar * Prep * 2016 .91 0 .48 0 0 0 .46 Measures relationship of total debt (liabilities) to total assets. Debt ratios greater than 1 indicate the charter has more debt than assets. The higher the ratio, the higher the degree of financial risk. *Latin Grammar and Latin College Prep SY 2015/16 first year operation 11
What’s Next? Petitions are due January 20 th We Believe Charter Schools Must: Add value and address needs not already being met by local schools or the school district Provide program offerings that are unique and not already provided within the school system Show ability for financial stability and sustainability Be community-driven and involve parents rather than for-profit organizations Provide a process to learn from past successes and challenges Performance Framework and Communication Protocol Interim Compliance and Customer Service Data to Inform SY 17/18 12
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