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DC Public and Public Charter Schools
Reply to "DCPCSB Quarterly Finance and Operations Update?"
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[quote=Anonymous]This is the first time I've seen a quarterly finance and operations update on the DCPCSB calendar-- have they instituted that in recent months to project financial failures of schools before it gets dire? I'm surprised to see Stokes on the financial watch list, but assume it is frontloading costs for their opening a new campus? From tonight's summary: "For school finance oversight, the committee reviewed an update on the status of Monument Academy Public Charter School (PCS). The DC PCSB staff has begun conversations with Monument Academy PCS’s leadership regarding the school’s enrollment and status of philanthropic funding to ensure that staff is effectively monitoring the school’s financial health. Richard Wright PCS and Harmony PCS have been subject to a Financial Corrective Action Plan (FCAP), for which the Board will receive an update in December 2019 for Richard Wright PCS and August 2020 for Harmony PCS, according to the approved FCAP timeline for each school. In addition to the schools mentioned above, the committee discussed the financial status of the following schools, each of which is either a new local education agency (LEA), has had one or more financial performance indicators below the established floors on the most recent Financial Analysis Report (FAR), or has warranted elevated financial oversight after review of the school’s most recent financial statement submission: Breakthrough Montessori PCS, Cesar Chavez PCS, Creative Minds International PCS, Democracy Prep PCS1, Digital Pioneers Academy PCS, Elsie Whitlow Stokes PCS Ideal Academy PCS1 , Rocketship PCS, Shining Stars Montessori Academy PCS, Somerset Preparatory Academy PCS1 , Statesmen College Prep Academy for Boys PCS, and The Children’s Guild PCS. Based on the committee’s review, the committee approved removing the following schools from elevated oversight: Academy of Hope Adult PCS, Hope Community PCS, Latin American Montessori Bilingual PCS, Maya Angelou PCS, Sela PCS, and The Family Place PCS"[/quote]
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