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DPSCD OFFICE OF CHARTER SCHOOLS | ANNUAL REPORT | 1
DPSCD OFFICE OF CHARTER SCHOOLS ANNUAL REPORT
2016-2017
DETROIT PUBLIC SCHOOLS COMMUNITY DISTRICT
GEE WHITE ACADEMY
DPSCD OFFICE OF CHARTER SCHOOLS | ANNUAL REPORT | 2
LETTER FROM THE DIRECTOR
The 2016-17 school year was one that saw the Detroit Public Schools Community District Office of Charter Schools offering more opportunities for professional development, oversight and support to board members and school personnel than ever before. The office focused on its mission to support, develop, and hold charter schools accountable, so that they can
prepare Detroit children for future opportunities. The information contained in this annual report represents data from July 1, 2016 through June 30, 2017. It offers a snapshot of the students served, as well as how the school performed on a variety of important measures.
During the 2016-17 year, DPSCD welcomed a new Board of Education. The seven-member board reauthorized three of our charter schools, Capstone Academy, MacDowell Preparatory Academy, and Rutherford-Winans Academy. We also added
to our portfolio the Michigan Educational Choice Center (MECC) charter schools, Murphy Academy, Stewart Academy, and Trix Academy, formerly authorized by the Educational Achievement Authority (EAA).
In addition to increasing our portfolio, our office experienced a reorganization that reflects the direction of the new Superintendent, Dr. Nikolai Vitti. The previous Director, Kisha Verdusco transitioned to a new role in the district. The office is now composed of me as the new Senior Deputy Executive Director, Anna Nowinski is the Operations Manager and Jacqueline Sims serves as the Compliance Specialist. On the governance side, we welcomed new board liaisons Ellyse Campbell and Troia Gulley, who are our representatives at
charter school board meetings. Our team continues to assess our charter schools by using multiple sources of data and identifying deficiencies that need to be improved. In addition, we will continue to build capacity in all DPSCD charter schools by providing professional development and rigorous classroom observations to improve student achievement.
In order to map our path to success, we must collectively take stock of where we are and how far we have to go. We hope this report will assist in that effort.
We are honored to work with dedicated school board members, principals, teachers and a host of other personnel who impact children daily.
Thank you for partnering with our team as we strive to be a High Quality Authorizer!
Jendayi Gardner, Ph.D., Senior Deputy Executive Director of Charter SchoolsDetroit Public Schools Community District
DPSCD OFFICE OF CHARTER SCHOOLS | ANNUAL REPORT | 3
GEE WHITE ACADEMY
SPECIAL PROGRAMSSpecialize in English Learning Populations, 21st Century Afterschool Program, Athletics, Performing Arts, and Partnerships with Wayne State University Code Blue, Michigan State University, Gleaner’s Food Bank, St. John’s Health System, Fifth Third Bank, Detroit Re-Entry Center, Motivity, Better Made Chips, and US Ecology.
STUDENT SUCCESSGEE White Students earned top award at Eastern Michigan University Charter School Math Facts Challenge
POINT OF PRIDEGEE White Academy was removed from the Michigan Department of Education’s Priority School List.
OUR MISSIONGEE White Academy will promote lifelong learning through dilivery of strong instructional practices understanding that every child has the ability to learn. We are focused on making a difference in the lives of our students through the guidance of leaders with integrity. We are committed to an appreciation of cultures, equality, and facilitating partnerships within our community.
ADDRESS: 5161 Charles, Detroit, MI 48212
PHONE: (313) 866-3595
PRINCIPAL: Thomas Talmadge
GRADES: K-8
YEAR OPENED: 2011
MANAGEMENT: Global Educational Excellence
ENROLLMENT: 450 students
FREE OR REDUCED LUNCH: 100%
SPECIAL EDUCATION: 10%
ENGLISH LANGUAGE LEARNERS: 30%
BOARD OF DIRECTORSJackqueline LindseyAlicia MerkersonMatiur KhanSam NoorAntonio Hitchcock
ENROLLMENT DEMOGRAPHICSAsian ............................................................ 19.3%Black ........................................................... 63.9%Pacific Islander ........................................... 1.1%White ........................................................... 16.8%Hispanic ...................................................... 0.2%
DPSCD OFFICE OF CHARTER SCHOOLS | ANNUAL REPORT | 4
Dr. Jendayi Gardner Director of Charter Schools
Office (313) 873-7927
Mobile (313) 515-4962
Jacqueline SimsCompliance Specialist
Direct Dial: (313) 873-7929
Main Line: (313 873-7927
Anna Nowinski Operations Manager
Office (313) 873-7927
Mobile (313) 506-5640
DPSCD OFFICE OF CHARTER SCHOOLS STAFF DIRECTORY
3011 W. Grand Blvd.Fisher Building, 9th Floor
Detroit, MI 48202Office (313) 873-7927
Fax (313) [email protected]
Detroitk12.org/charters
DPSCD OFFICE OF CHARTER SCHOOLS | ANNUAL REPORT | 5
STAFF DIRECTORY
Real Estate Lease Agreements and Services
Felicia VenableExecutive Director- Operations
Office (313) 873-6532
Mobile (313) 218-2876
Support Services Complex, Building C
1601 Farnsworth
Detroit, Michigan 48211
Food ServiceSidney Vinson
Office of School Nutrition
(313) 578-7220
Student Record KeepingDarreaux Waddell
Office of Student Records and
Transcripts
Office (313) 578-7311
Mobile (313) 719-0563
Information Technology ServicesChristine Burkette
Executive Director of Technology
and Accountability
Office (313) 873-7445
Student TransportationOffice of Student Transportation
Aaron [email protected]
Office (313) 216-5844
Mobile (313) 505-9598
Enrollment: 8th Grade Matriculation & Selective High
School TestingKisha Verdusco
Executive Director of Enrollment
(313) 421-8651
School SecurityPolice Response/General
InformationCommand Center Open 24 hrs/7
days/365 day a year
(313) 748-6000
Chief Stacy Brackens(313) 748-6020
Assistant Chief Craig Schwartz(313) 748-6012
Vanessa Gulley Board Liaison
Office (248) 905-5992 ext. 101
Fax (248) 232-1523
Alma Hollins
Board Liaison
Office (248) 905-5992 ext. 107
Fax (248) 513-8834
Ellyse Campbell Board Liaison
Office (248) 905-5992 ext. 106
Fax (248) 513-8833
Latrecia Scott Board Liaison
Office (248) 905-5992 ext. 108
Fax (248) 232-1523
Troia Gulley
Board Liaison
Office (248) 905-5992 ext. 105
Fax (248) 513-8833
Matthew Sam
School Building Inspections
Industrial Hygienist, Environmental Health & Safety
Office (313) 578-7431
Ken Tesauro
Staffing Audits Consultant
Quality Resource Performance Group
(989) 326-2902
DPSCD CONTACTS
DPSCD OFFICE OF CHARTER SCHOOLS | ANNUAL REPORT | 6
SCHOOL AND BOARD GOVERNANCE OFFERINGS 2016-17
The DPSCD Office of Charter Schools mission is to support, develop and hold accountable high-performing charter schools that prepare Detroit children for college and careers. The following listing represents some of the support options made available to authorized schools during the 2016-17 school year. This list does not reflect individual school support that was provided.
Strategic Planning................................................................................................................July 23, 2016 New Board Member Training..............................................................................................August 1, 2016 An Evening at Camp Burt Shurly ........................................................................ August 4, 2016 Epicenter New Users Training .............................................................................. August 11, 2016 Epicenter Experienced Users Training ............................................................. August 11, 2016 NWEA MAP Data Training .........................................................................................October 7, 2016 SAT Training ....................................................................................................................October 19, 2016 PSA Quarterly Leadership Meeting.....................................................................October 19, 2016 Mandatory New Board Member Training.........................................................October 22, 2016 Charter Legal Update .........................................................................................November 3, 2016 2016 Conference on School Climate and Culture .....................................November 8, 2016 Network after Work ..................................................................................................December 1, 2016 Hour of Code and Essay Contest ......................................................................December 9, 2016 Accountability Scorecard and M-STEP Training ......................................December 14, 2016 Project Safe Campus Training ................................................................................January 24, 2017 Criminal History Record Information Training ...............................................January 28, 2017 School Accountability Scorecard Training ......................................................February 2, 2017 Student Growth Training ....................................................................................... February 28, 2017 PSA Quarterly Leadership Meeting ........................................................................... March 1, 2017 CPI Nonviolent Crisis Intervention Training .......................................................... March 17, 2017 5th Annual Boards of Directors Conference ......................................................March 25, 2017 All Schools S.T.E.A.M.y Showcase .............................................................................April 2, 2017 CPI Certification Refresher Training .............................................................................April 5, 2017 Shell Eco Marathon Make the Future Detroit ........................................................April 27, 2017 Mining the Data Training ................................................................................................ April 26, 2017 PSA Quarterly Leadership Meeting.............................................................................May 24, 2017 Network after Work...............................................................................................................June 1, 2017
KEY Board Governance School leaders, teachers and other personnel Students
Other Benefits & Opportunities for DPS-authorized charter schools Camp Burt Shurly: DPSCD-authorized charter schools may send students to a
one-week, science-themed residential summer camp situated on more than 200 lakefront acres in rural southwest Michigan.
Detroit Children’s Museum: DPSCD-authorized charter schools may utilize the Detroit Children’s Museum for field trips, classroom outreach and facility rental. Operated and accessible only to the Detroit Public Schools Community District, the Detroit Children’s Museum is a hands-on museum with more than 2 million artifacts. All student experiences are connected to what they are learning in school and are tailored by professional educators.
For more information, visit the DPSCD Office of Charter Schools online at: detroitk12.org/charters
DPSCD OFFICE OF CHARTER SCHOOLS | ANNUAL REPORT | 7
COLLEGE READINESS ANALYSIS | SPRING 2017
The Detroit Public Schools Community District Office of Charter Schools mission is to support, develop and hold accountable high-performing charter schools that prepare Detroit children for college and careers. In accordance with this mission, the Office of Charter Schools has established academic targets that require each general-admission academy to close the college readiness gap by 70 percent at each grade level, as measured by the NWEA Measures of Academic Progress assessment each year. The goal is for each academy to demonstrate that it is preparing students for college. Students are considered college ready when they can earn a composite score of 21 on the ACT by the 11th grade. The NWEA MAP is a computer-adaptive test that allow us to measure student progress toward a score of 21 on the ACT beginning as early as the second grade. Each year, DPSCD provides its authorized academies with grade-level goals based on student performance on the fall assessment. The enclosed report shows how your academy performed relative to its spring 2017 goal, which requires closing the gap between actual fall performance and the national college readiness standard by 70 percent.* The enclosed results are based on results of the assessments that were administered between April 24 and June 9, 2017. Since 2012, each DPSCD-authorized academy has been required to test all children in grades 2-8 in the fall and spring, with an optional winter testing window. DPSCD covers the cost of NWEA testing. If you have questions about this report, you may contact us at: (313) 873-7927.*Formula for calculating 70% target: (College Readiness Target - Fall Actual Score x .70 + Fall Actual
Score)
GEE WHITE ACADEMY
DPSCD OFFICE OF CHARTER SCHOOLS | ANNUAL REPORT | 8
COLLEGE READINESS ANALYSIS | SPRING 2017
SCHOOL: GEE WHITE ACADEMY | SUBJECT: READING
GRADE
2
3
4
5
6
7
8
FALL SCORE
158
172
179
184
192
204
199
SPRING SCORE
173
177
185
190
194
206
198
DPS REQUIRED 70% TARGET
180
192
199
206
210
217
219
COLLEGE READINESS TARGETS
190
201
208
215
218
222
227
2 3 4 5 6 7 8
Fall Score 158 172 179 184 192 204 199
Spring Score 173 177 185 190 194 206 198
DPSCD Required 70%Target 180 192 199 206 210 217 219
College ReadinessTargets 190 201 208 215 218 222 227
140
160
180
200
220
240
NW
EA
RIT
Sco
re
Actual vs. Target NWEA Scores
DPSCD OFFICE OF CHARTER SCHOOLS | ANNUAL REPORT | 9
COLLEGE READINESS ANALYSIS | SPRING 2017
SCHOOL: GEE WHITE ACADEMY | SUBJECT: MATHEMATICS
GRADE
2
3
4
5
6
7
8
FALL SCORE
163
177
189
191
196
207
208
SPRING SCORE
178
183
196
198
200
212
211
DPS REQUIRED 70% TARGET
183
196
207
214
219
227
232
COLLEGE READINESS TARGETS
191
204
214
224
229
236
242
2 3 4 5 6 7 8
Fall Score 163 177 189 191 196 207 208
Spring Score 178 183 196 198 200 212 211
DPSCD Required 70%Target 183 196 207 214 219 227 232
College ReadinessTargets 191 204 214 224 229 236 242
140
160
180
200
220
240
260
NW
EA
RIT
Sco
re
Actual vs. Target NWEA Scores
DPSCD OFFICE OF CHARTER SCHOOLS | ANNUAL REPORT | 10
COLLEGE READINESS ANALYSIS | SPRING 2017
PROGRESS TOWARD EDUCATIONAL GOALSThe following report outlines the academy’s progress toward meeting the authorizer
academic goals that were included in the 2015 charter contract. The academy will be held accountable for meeting the goals at the end of the this school year and beyond. The data included in this report is meant to show how the academy performed under the contract.
CHARTER CONTRACT GOALSThe academy is expected to achieve the following School Level Median Growth
Percentiles for grades 3-8 on the NWEA MAP assessment:
2016-17 49 or higher in Reading and 58 or higher in Math2017-18 54 or higher in Reading and 63 or higher in Math2018-19 59 or higher in Reading and 68 or higher in Math
For the 2017-2018 school year, the percentage of students making Low Growth in reading shall be no higher than 44, and no higher than 35 percent in math.
The following charts illustrate the Academy’s growth on the NWEA MAP assessment in Grades 3-8 between 2013 and 2017. The growth targets for the current contract use the 2015-2016 actual performance as a baseline.
2015-2017 data reflect results of NWEA’s 2015 norm study. Prior years reflect results of the 2012 study.
KEY
At or Above Target
5% Below Target
5 to 10% Below Target
Greater than 10% Below Target
DPSCD OFFICE OF CHARTER SCHOOLS | ANNUAL REPORT | 11
COLLEGE READINESS ANALYSIS | SPRING 2017
GEE WHITE ACADEMY GRADE AND SCHOOL LEVEL MEDIAN GROWTH PERCENTILES 2013-2017
2016-17
2015-16
2014-15
2013-14
51.5
11.9
21.3
61
34.9
13.7
51
50
23.1
39
55.9
27.6
44
77.8
47
48
55.2
50
47.5
50.5
26.6
--
--
--
Grade 3 4 5 6 7 8 ALL Target
13 36 30 27.5 41 24 27 49
READING
2016-17
2015-16
2014-15
2013-14
48
35.4
23.9
51
62.3
43.8
68
50
33
45
50
39.3
70
56.1
62
43.5
65.3
39.7
54
50
38.1
--
--
--
Grade 3 4 5 6 7 8 ALL Target
9.5 26 19 24.5 46.5 41 26 58
MATH
GRADE AND SCHOOL LEVEL MEDIAN GROWTH PERCENTILES
The data represented in the above charts reflect Grade and School Level Median Growth Percentiles over a 4-year period for the NWEA Reading and Math assessments. The indicators in the key specifies the category that each grade performed at during the 2016-2017 school year in comparison to the contractual NWEA targets. Contractual targets are based on overall combined percentiles for grades 3-8.
DPSCD OFFICE OF CHARTER SCHOOLS | ANNUAL REPORT | 12
2017 PORTFOLIO M-STEP RANKINGS
Note: Capstone Academy and Pathways Academy had too few valid results to measure across grades and subjects
DPSCD OFFICE OF CHARTER SCHOOLS | ANNUAL REPORT | 13
SCHOOL DATA
M-STEP REPORTS: GEE WHITE ACADEMY
M-STEP PERCENT PROFICIENT CHANGE BY YEAR
2017
2016
2015
State of Michigan
DPSCDOverall %
Advanced & Proficient
Net Change from Previous
Year
37.4
37.2
37.2
8.1
7.7
9.6
12.3
11.3
11.9
8.8
9.4
8.7
DPSCD Charter
Portfolio
-0.6
0.7
*
M-STEP PERCENT PROFICIENT CHANGE BY SUBJECT
SCHOOL DATA
ELA
Math
Science
State of Michigan
DPSCD
2016 % Advanced
& Proficient
Net Change from
Previous Year
46
37.9
23.5
11.4
6.9
3.7
19.5
11.3
3.5
13.1
7.6
6
DPSCD Charter
Portfolio
-1.5
-0.6
6
Social Studies
32.9 7.8 3.1 1.1
14.6
8.2
0
4
2017 % Advanced
& Proficient
-2.9
DPSCD OFFICE OF CHARTER SCHOOLS | ANNUAL REPORT | 14
COMPLIANCE REPORT
EPICENTER COMPLIANCE STAR RATING SYSTEM | JULY ’16 – JUNE ‘17
GEE WHITE ACADEMY
««««««
STAR RATING ON TIME SUBMISSION
95% or better
90% or better
85% or better
SUBMISSION ACCURACY
95% or better
90% or better
85% or better
Stars are determined from the On Time and Submission Accuracy. They must meet the following performance levels.
This report reflects % On Time and % Accurate from July 1, 2016 – June 30, 2017.
STARS ENTITY
GEE White Academy
GEE White Academy
ENTITY TYPE
Board
School District
PAST DUE % ON TIME
92% (34 of 37)
96% (78 of 81)
% ACCURACY
92% (37 of 40)
95% (81 of 85)«««««
DPSCD OFFICE OF CHARTER SCHOOLS | ANNUAL REPORT | 15
The DPSCD Office of Charter Schools, through Quality Performance Resource Group, reviews charter school personnel documents in the fall winter and spring. The documents reviewed for all applicable staff are: Teaching Certificates, Criminal Background Checks, Unprofessional Conduct Checks and Highly Qualified credentials.
This report documents the cumulative results from the 2016-17 school year.
The following feedback report is intended to be used to identify opportunities to improve the documentation required for school employees. Every effort has been made to maintain consistency with federal, State of Michigan and Michigan Department of Education rules, statutes, regulations and guidelines.
ACADEMY STATUSThe Academy Status matrix below gives an overall picture of the status of all academies. The explanations of the Academy Status levels are meant as general guidelines and the classification of a particular academy is somewhat subjective. Typically at the fall audit, academies should be in Level 1 and 2 and only have pending documents not on file. Academies in Level 3 have some significant follow up to be conducted for the winter audit. Academies in Level 4 have unacceptable deficiencies.
Level 1 – All required documentation for all staff current and on file or in timely process.
Level 2 - All certificates/permits for teaching staff current and on file or in timely process. Criminal Background Checks for all staff are on file. Some Unprofessional Conduct Checks for all staff may be incomplete. Some instructional paraprofessionals may not have Highly Qualified credentials on file.
Level 3 – Some certificates/permits for teaching staff incomplete (1-2); some non-compliance. Some Criminal Background Checks and Unprofessional Conduct Checks are missing. Some instructional paraprofessionals may not have Highly Qualified credentials on file.
Level 4 – Large numbers of certificates/permits for teaching staff. Incomplete (3 or more); significant non-compliance. Significant numbers of Criminal Background Checks and Unprofessional Conduct Checks for all staff. Many instructional paraprofessionals may not Highly Qualified credentials on file.
STAFFING REPORT: GEE WHITE ACADEMY
FALL
1
October 10, 2016
1 unsigned Red Light/Green
Light Letter, 1 pending UPC
WINTER
1
January 30, 2017
1 pending UPC
SPRING
1
May 5, 2017
No issues identified
ACADEMY STATUS
DATE OF REVIEW
ISSUES IDENTIFIED
Questions should be directed to Ken Tesauro at [email protected] or Jacqueline Sims in the DPSCD Office of Charter Schools, (313) 873-7927.
DPSCD OFFICE OF CHARTER SCHOOLS | ANNUAL REPORT | 16
FINANCIAL REPORT
The mission of the Detroit Public Schools Community District Office of Charter Schools is to support, develop and hold accountable high-performing charter schools that prepare Detroit children for college and careers.
Fiscal soundness is not only an integral part of providing a strong academic program, it is required by law. In order to monitor school financial health, Detroit Public Schools Community District reviews each academy's quarterly financial statements, which are uploaded to the Epicenter compliance system.
This report covers the fourth quarter ended and year-to-date fiscal year 2016-17. The fourth quarter was April 1, 2017 to June 30, 2017. While the review was based upon unaudited financial information, it contains important information that should guide board decision-making and strategic planning.
THIS REPORT FOCUSES ON THREE KEY INDICATORS:
Please contact the Office of Charter Schools at (313) 873-7927 with questions or concerns.
LIQUIDITY POSITION Can the school meet its short-term obligations as they become due?
OPERATIONS
Are expenditures in line with revenues?
FUND BALANCE Is the school in a surplus or deficit position? Is the school in line with State requirements?
SUMMARY
GEE White Academy’s unaudited near-term financial health remained stable. The liquidity measures are fair to good, with a current ratio of 1.73 and debt-to-asset ratio of 0.58. Working capital of $814,915 covers approximately 70 days of anticipated cash disbursements. Days cash on hands is 59 days.
The year-to-date net income of $158,769 had a positive impact on the fund balance. The fund balance of $816,915 is 20% of total operating expenses, which is above industry standard. However, the operating cash flow ratio is less than 1, which is an indication that more cash needs to be generated from operations to pay short-term obligations
The academy needs to closely monitor revenues and expenditures to ensure future financial stability.
DPSCD OFFICE OF CHARTER SCHOOLS | ANNUAL REPORT | 17
FINANCIAL REPORT
KEY GOOD N/AFAIR POOR
1. Current Ratio: The current ratio is a financial ratio that measures whether or not the academy has enough resources to pay its immediate debts. This ratio indicates the percentage of current assets to current liabilities. Acceptable current ratios vary and are generally between 1.5 and 3.
2. Working Capital: Working capital is the difference between current assets and current liabilities, and represents an absolute dollar amount. Working capital is a measure of an academy’s ability to satisfy current financial obligations as they become due. An acceptable amount depends on the academy’s monthly cash disbursement stream, but generally, a healthy organization has a working capital amount of at least 3-6 months of anticipated cash disbursements, e.g. payroll, supplies and lease.
3. Debt to Asset Ratio: The debt to asset ratio shows the proportion of the academy’s assets that are financed through debt. If the ratio is less than 1, most of the company's assets are financed through equity. If the ratio is greater than 1, most of the school’s assets are financed through debt.
4. Cash on Hand: The days cash on hand represents the number of days of operating expenses the academy could pay with its current available cash. Knowing the number of days’ cash on hand allows you to adjust your expenditures. Cash on hand is computed by 1) determining the sum of cash in bank, petty, and marketable securities; 2) divide operating expenses by the number of days it represents (i.e., this is generally, 90 for a quarter, 180 for 6 months, or 360 for a year) to compute daily operating expenses or disbursements, and 3) divide sum of cash, item 1; by amount computed in item 2).
FINANCIAL RATIO EQUATION EXPLANATIONS
ENROLLMENTYEAR-TO-DATE
Enrollment 6/30/17 Enrollment +/-
439 + 32
YEAR-TO-DATE
LIQUIDITY
*Enrollment numbers come from the monthly State Aid Financial Status Reports. The change in enrollment was calculated as the difference between the amounts reported on the October and August reports.
Current Ratio Working Capital Debt to Asset Ratio Days Cash on Hand
1.73 $816,915 0.58 59
DPSCD OFFICE OF CHARTER SCHOOLS | ANNUAL REPORT | 18
FINANCIAL REPORT
5. Operating Cash Flow Ratio: This ratio indicates the ability of the academy to pay off its short-term liabilities using its state aid, grant funds and other receipts. If the operating cash flow is less than 1, the academy has generated less cash in the period than it needs to pay its bills.
6. Operating Cash Flow: Operating cash flow is a solid measure of the academy’s operating results because it refers to actual cash from school-related activity, eg. state aid, grant funds, etc.) It represents earnings from operations before interest and taxes, plus depreciation.
7. Total Margin: The total margin formula looks at how much of a company’s revenues are kept as net income. The total margin is generally expressed as a percentage. Total margin is the number of dollars of income a school generates per dollar of revenue. This ratio shows the return on revenue.
8. Fund Balance: Accumulation of revenues minus expenditures. Any surplus revenues in excess of expenditures at the end of a fiscal year fall to a fund balance.
10. Fund Balance as a Percent of Revenues: Fund balance divided by revenue. The State requires schools to have a general fund balance above or equal to 5% of revenue. Schools who do not meet that requirement in one or both of the previous two fiscal years are required to submit budgetary assumptions to CEPI. 11. Fund Balance as a Percent of Expenses: Fund balance divided by expenditures. Michigan School Business Officials recommends that districts have a fund balance of 15-20% of budgeted expenditures to avoid the need to borrow during the two month period between the August and October State Aid payments..
OPERATIONSFOURTH QUARTER
YEAR-TO-DATE
Operating Cash Flow Ratio Operating Cash Flow
0.14 $158,769
Operating Cash Flow Ratio Operating Cash Flow
0.44 $488,226
PROFITABILITYFOURTH QUARTER
YEAR-TO-DATE
Total Margin
3.72%
Total Margin
23.37%
YEAR-TO-DATE
EQUITY
Fund Balance at 6/30/17 Fund Balance as % of Revenues Fund Balance as % of Expenses
$816,915 22. 19.16% 19.9%
DPSCD OFFICE OF CHARTER SCHOOLS | ANNUAL REPORT | 19
CLOSING
The Detroit Public Schools Community District Office of Charter Schools regularly provides board members of authorized academies with feedback on various aspects of school
performance.
Past reports are available by request.
Other reports distributed to charter school board members during the 2016-2017 year:
2016 Annual Report
Fall Environmental Health & Safety Follow-up Inspection Report
Spring Environmental Health & Safety Inspection Report
Fall Personnel Verification Report
Winter Personnel Verification Report
Spring Personnel Verification Report
2016 M-Step Report
Fall College Readiness Performance Report
Winter College Readiness Report Performance Report
Spring College Readiness Performance Report
Fall Compliance Report
3rd Quarter Compliance Report
4th Quarter Compliance Report
2nd Quarter Financial Report
Detroit Public Schools Community District Office of Charter SchoolsFisher Building 9th Floor 3011 W. Grand Blvd. Detroit MI 48202
Phone: 313.873.7927 Fax: 313.873.6184 Web: Detroitk12.org/charters
