Table of Contents Business Plan narrative Page Section 1. Academic Capacity 1 Section 2. Operational Capacity 7 Section 3. Parent and Community Engagement and Support 12 Section 4. Economic Soundness 15 Apendix Attachment 1. Goal Template 20 Attachment 2. Decision-Making Authority between Management and Schools 23 Attachment 3. CMO and School Staffing Roll-out Plan 25 Attachment 4. New School Staffing Roll-out, from Opening to Full Capacity 26 Evidence of Site Secured 27 Resumes of Principal Candidates 28
Key Internal Control Description of control activity Central Office Responsibilities School Responsibilities follow up on exception Annual Planning Set budget parameters Project revenue, expenses and capital prepare analysis of required cash flows Update current year to date budget vs. actual differences and advise of major plan changes Iterative process to achieve balance; consultation with CEO and as needed Budget preparation and monthly comparison to actual Prepare full financial plan and monitor monthly Administer process, ensure parameters are met, review vs. monthly activity, assess balance sheet vs. plan Prepare budget, review monthly vs. actuals and respond to inquiries Re-project annual results, modify budget to achieve required cash flow Ensuring all expenditures are authorized Match invoices to supporting documents Administer all expenditures, CFO or Dir. of Finance signs checks Timely submission of required supporting docs Payment is held until authorization can be confirmed Segregation of duties No one person has full authority over cash Separate staff manage cash and AP; accountant reconciles bank accounts and controller reviews; minimal petty cash No check writing authority; misc. cash receipts deposited via secure service; minimal petty cash Monthly follow up as needed Capital planning and review Prepare and monitor capital spending plan Prepare plan, specify funded projects, compare actual spend to plan monthly; prepare supporting documentation for payments Coordinate with Operating Officer as needed Assess changes and modify as need be to manage capital outlays Compliance Calendar Designate reporting to outside entities Prepare necessary reports and secure CFO approval Coordinate as need be Secure extension of filing date as need be c. Fundraising Plan: What are the organization’s fundraising goals over the next 5 years? Please provide a development plan including staffing needs, demonstrating historical fundraising success and future likelihood of success. recently completed a $30M campaign after just two years. We have raised our goal over the next three years by $20M to a five-year $50 million capital campaign to support our expansion. Funds raised by this campaign will go to support capital improvements at all campuses included in
Attachment 1: Sample Goal Templates Noble Educational Goals Goal Metric Grades 2014- 15 2015- 16 2016- 17 2017- 18 2018- 19 EPAS Composite Growth Explore, Plan, ACT 9th-11th 6.0pts of three-year cohort growth 6.3 points 6.6 points 7.0 points 7.0 points EPAS Composite Growth (SpEd, ELL, African American, Hispanic) Explore, Plan, ACT 9th-11th 6.0pts of cohort growth 6.3 points 6.6 points 7.0 points 7.0 points EPAS Performance Explore, Plan, ACT 9th-11th ACT Composite = 21 21.4 21.7 ACT composite = 22 22 Early College/ Career Credit Passing grades in early college courses, AP exams, IB exams, career certifications 9th-12th N.A. N.A. N.A. 75% AP pass rate N.A. Freshman On-Track Rate Credits Earned 9th N.A. N.A. N.A. N.A. N.A. Dropout Rate Enrollment Status 9th-12th 0% 0% 0% 0% 0% Graduation Rate 4-Year Cohort Graduation 12th Grade 90% 91% 93% 94% 94% Attendance Rate Average Attendance 9th-12th 96% 96% 96% 96% 96% College Enrollment Determined National Student Clearing House data, enrollment records and our own individual student tracking 12th 92% 93% 94% 95% 95%
College Persistence Persistence determined using National Student Clearing House data and our own individual student tracking 12th 70% 74% 78% 80% 80% College Graduation Graduation determined using National Student Clearing House data 12th 35% 37% 45% 47% ~50% (building towards 75% in 2020 for class of 2014) 5 Essentials My Voice My School Survey5 9th-12th Achieve “strong” or very strong” on at least 3 of 5 areas. Achieve “strong” or very strong” on at least 3 of 5 areas. Achieve “strong” or very strong” on at 3 of 5 areas. Achieve “strong” or very strong” on at least 3 of 5 areas. Achieve “strong” or very strong” on at least 3 of 5 areas. PSAE Meet/Exceed PSAE exam 11th 50% 54% 58% 60% 60% Unique Educational Goal Financial and Operational Goals Goal Area Metric 2014 2015 2016 2017 2018 Fundraising Requirement Finance Financial Statements Complete $50M campaign N.A. N.A. N.A. N.A. Facility Occupancy Per Pupil Costs Finance Financial Statements $1,500 per pupil $1,500 per pupil $1,500 per pupil $1,500 per pupil $1,500 per Administration Fees or Costs Finance Financial Statements 8% of network revenue 8% of network revenue 8% of network revenue 8% of network revenue 8% of network revenue % of Teachers Retained from Prior Year Human Resources Signed Teacher Contracts 80% retention 80% retention 80% retention 80% retention 80% retention Teacher Satisfaction Rating Human Resources Teacher Survey Exceed 80% Exceed 80% Exceed 80% Exceed 80% Exceed 80% Student Demand Community Outreach # of Applicants Per Available Seat Demand exceeds enrollment Demand exceeds enrollment Demand exceeds enrollment Demand exceeds enrollment Demand exceeds
Parental Satisfaction Community Outreach My My School Survey Maintain “very strong” or “strong” rating for Involved Families Strong or strong” r Maintain “very strong” or “strong” rating for Involved Families Maintain “very strong” or “strong” rating for Involved Families Maintain “very strong” or “strong” rating for Involved Families Maintain “very strong” or “strong” rating for Involved Families Liquidity Finance Financial Statements Sustain current ratio (total current assets divided by current liabilities) greater than 1:3 Sustain current ratio (total current assets divided by current liabilities) greater than 1:3 Sustain current ratio (total current assets divided by current liabilities) greater than 1:3 Sustain current ratio (total current assets divided by current liabilities) greater than 1:3 Sustain current (total current assets divided by current liabilities) greater than 1:3 Net Asset Ratio Finance Financial Statements Sustain net assets greater than 30% of total Sustain net assets greater than 30% of total Sustain net assets greater than 30% of total Sustain net assets greater than 30% of Sustain net assets greater than 30% of total 5 For additional information on the My Voice My School Survey, please visit the following link: https://cps.5- essentials.org/201