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DC Public and Public Charter Schools
Reply to "Harmony requests to relocate to Hope Tolson building"
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[quote=Anonymous]In the 2023 FAR (and shame on the PCSB for taking two full years to publish anything updated), it says: "The LEA’s lease agreement is expected to expire in July 2026 with extension options through FY 2034, which the LEA plans to exercise. The FCAP’s short-term goal was to leverage the school’s philanthropic funding to increase its financial sustainability and liquidity through the grade expansion to PK. The long-term goal was for the school to reduce or eliminate its reliance on philanthropic funding to carry out its operations. In FY 2023, the LEA was on track achieving the FCAP long-term goal, as it reduced its private contributions from $400K in FY 2022 to $23K in FY 2023. Subject to confirmation of the financial information in the FY 2024 audit, the LEA is expected to have complied with all FCAP requirements through FYE 2024, the final FCAP target date." https://dcpcsb.egnyte.com/dl/b6jMdBmyQ8/FY_2023_Financial_Analysis_Report.pdf_[/quote]
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