California’s Growth-Funding Freeze is Lifting

California’s Hold Harmless provision was paved with good intentions, and we all know that sometimes the best intentions have unintended consequences.

Back in June 2020, Governor Gavin Newsom signed an executive order freezing funding for California schools. The new state budget extended the 2019-2020 attendance levels and base per-pupil funding rates to 2020-2021. This “Hold Harmless” measure, intended to safeguard California schools from predicted declining enrollment due to the pandemic, had an unwanted negative impact on growing schools – charter schools and district schools alike.

The Error: Not Accounting for Growth

The shortsightedness was not considering growth. Several schools had received approval to open new schools or grow their enrollment in the fall of 2020. For schools that expanded their facilities or increased enrollment, this measure cut their legs from under them, as it prevented those schools from receiving the increased funding justified by their growth. This placed many such schools under undue duress.

During the 2020 summer, four charter schools filed a lawsuit (pdf) in the California Superior Court, claiming the state’s funding formula would illegally deny payments for new students.

The Shortcomings of SB 820

As a band-aid solution, the state legislature passed Senate Bill 820. This bill allows growing schools to receive higher levels of funding proportional to their increased enrollment. However, the plaintiffs in the Atkins case raised concerns. SB 820 provides for actual or projected enrollment funding, but it only honors the lower of the two enrollment numbers. Should a charter school succeed in enrolling many more students than projected, it would have to contend with the funding shortfall.

The other significant issue with SB 820 is that the bill specifically targeted non-classroom-based schools as ineligible for receiving any growth funding in fiscal year 2021. In other words, any additional students the school onboarded would receive $0 per student, inhibiting non-classroom-based charters in high demand from serving students.

What’s Happening Now

Recently, California lifted the Hold Harmless provision for fiscal year 2022. However, many charter schools are not filing the spring enrollment count in fiscal year 2021 (P2). This would typically set the stage for a school’s final apportionment for that year and determine the funding amounts for the first half of fiscal year 2022. With schools not filing in the spring, their Advance Apportionment (generally July 2021 – January 2022) funding will be at the same level as in the previous year.

When schools file P1 in January 2022, schools will claim their new student numbers and ultimately get a true-up for their additional students (this funding will be spread through the Spring 2022 funding amounts). For growing schools, this creates a seven-month gap to navigate.

During this timeframe, schools that have grown will have to manage all the additional expenses for onboarding and growth without the funding to match from the state until February 2022. This will be the most significant financial challenge for any school growing into fiscal year 2022.

Remember, this is a timing gap, not an actual financial burden in the school’s long run. New students will add long-term value to the school by providing additional resources to deploy back into the program, benefitting the entire student population.

Additionally, since this P1 count will be the first time funding numbers are changing since fiscal year 2020, it will be the first time in three years that charter schools are finally getting appropriately funded, based on reported and validated numbers. With many students going back to school in the fall, this will likely create an undue financial hardship to expanding schools.

Aside from the practical problem of securing financing, this is likely to have a demoralizing effect on school administrators and educators – it’s like getting penalized for success.

What Can Your School Do? Our Key Four Recommendations

  • Grow for efficiencies
  • Have cash on hand
  • Develop a solid fiscal projection
  • Have a financing resource available at your disposal

Growth Is Survival

As we covered in a recent blog post by Tricia Blum, the best way to reach sustainability and add value to your students is to grow. The main reason for this is in the simple formula of fixed costs vs. variable costs. By expanding your enrollment, you’re reducing your fixed costs’ footprint, leading to more control over your school’s financial position.

Growth is a long-term strategy. Once you onboard a new student, your school’s cost will decrease over time, while the revenue will increase. This will expand your school’s long-term financial resources, enabling you to develop and deploy new programs, buy supplies, hire more teachers, etc.

The challenge for California schools is that, unless they have significant reserves, they’re likely to need some form of interim financing.

Cash on Hand

Almost more important than the annual budget is your month-to-month cash flow. If the school isn’t paid on a portion of your students until the second half of the year, will you have the capital to cover the expenses related to those students?

Most schools aim to have a cash balance of up to 60 days of cash on hand. At that level, the school could survive two months in the event revenue is interrupted. If your school doesn’t have such a reserve, you should seriously consider an established financing source (Reminder: the funding gap will return to a full 7+ months in fiscal 2022).

A Solid, Realistic Projection

In uncertain times, the more certainty, the better. Work out a solid projection of your next fiscal year (and beyond). Add a realistic forecast of revenues, all anticipated expenses, a realistic forecast of cash-flow monthly going forward,  and always add a margin for incidentals.

Work with your back-office provider (BOP) or internal resource. If you don’t have someone like that, find a partner that can help you with financial planning. At Charter School Capital, we make our Business Consulting services available to each of our clients.

Send In the Cavalry: Having a Financing Resource at the Ready

Even with a reliable cash-flow forecast and known cash-on-hand, your school must have a financial backup plan. By doing so, you’re preparing your school for a potentially significant, unexpected revenue challenge with the state or another COVID-related crisis.

If you want to learn more about how to finance your school’s growth, download our growth guide or contact our team. We can help you forecast your cash flow, evaluate your school’s needs, and provide a financing backup plan that’s ready to execute in case of emergency.

California Charter Schools Association

CCSA 2021 is here!

We are happy to attend this year’s CCSA Conference for so many reasons.

The CCSA Conference has become a tradition for all of us in the charter school space. We mark our calendars and look forward to this time of year. You know everyone in the industry will be there. You know there will be a great venue, hosted by a great organization, with a ton of content and events. There are always so many inspiring people joining together to collaborate, educate, learn, introduce, partner, and develop.

All are coming together to fulfill an essential and necessary mission – to serve students. It’s one of those weeks that you’re usually exhausted by the end of, but you but feel like you have so much work to do because you just met so many amazing people doing such great work, and you need to keep up.

What Once Was

In a pre COVID world, we would be gathering in person at a conference center in Sacramento or San Diego. There would also be a build-up to the event with shipping materials ahead of time, making travel arrangements, booking hotels, setting up booths, and saying goodbye to our families for a week before we depart.

We would be reaching out to familiar faces and scheduling meetings, checking the schedule of events, picking the break-out sessions to attend, the booths to go by, the morning, afternoon, and evening events to attend, and what restaurants you want to go to.

But this year feels a little different because we are not packing a suitcase, booking hotel rooms, and jumping on a plane. We are just heading into our offices because this year it is entirely virtual. And yet, it still has an air of excitement around it because there is so much going on in the California Charter space and so much work to do on so many levels.

Excitement, Anxiety and Anticipation

It feels like we have been living in a virtual world for a year now, and for the first time in a long time, it feels like things are moving towards getting back to normal. It feels close, and that is exciting.

Many schools are preparing to get back to in-person instruction again. Some of you didn’t miss a beat and had been doing that already. But there are so many things to think about to make sure your students, teachers, administrative staff, parents, and community are safe to do so.

How many students can you serve with the spacing available? How many hours of in-person instruction will you provide? How will symptom testing take place? How will the reporting of symptoms work, or what precautions taken when someone shows signs? What kind of personal protective equipment will you need? How will you clean the classrooms? How can you improve the air quality? And so much more.

Like you did not have so many things to take care of in a typical school year, but now you have all of these additional responsibilities and requirements to take on, it probably feels overwhelming. These new things can also create more budget issues, and you need to have a plan.

The Deferrals Are Here

Most of you have made some kind of financial arrangement to handle the deferrals, and some are still deciding which solution makes the most sense for them. The deferrals are here, and many are still trying to figure out how their cashflows are looking over the next few months as we head to the end of the fiscal year.

Ryan Eldridge
Ryan Eldridge – Senior New Business Analyst

Due to reducing expenses over the last year, the Federal Government providing emergency funds, years of building reserves, and the Hold Harmless provision being in place, and a few of you received exemptions, your cash position is strong, and you can weather the deferrals.

For some of you, mainly the non-classroom-based schools, you may have experienced growth and are not recognized for that growth. So, for you, cashflows could be looking a little bit different. Many solutions can help you out in a pinch and can quickly jump into action for you if that is the case. And this is a good week to meet with those that can help.

Lottery Season

Lottery season is open, and never has it been more critical to make sure you are filling all of the seats you projected for next year and building those waiting lists.

There is a trend taking place where the parents in California and around the country are making decisions later in the year now because they are waiting for direction from the Government.

The Need for Enrollment Marketing

Enrollment seasons seem to be extending further into the year, and many parents may be making decisions on where to send their kids next year well into summer now. That makes it harder for you to project numbers and prepare budgets until you know what that enrolment will look like. And to add to all of this, it is hard to knock on doors, hold open houses and hold community events to meet as many new families to help fill those seats. Marketing is a huge need right now, and you may have to implement some new strategies and ideas to maximize the potential for new students and families to find you. People rely far more on digital and social media channels, and you need to make sure you track every opportunity possible.

Uncertain Times

The Hold Harmless is going away, meaning those schools that may have experienced some attrition this year are trying to build back up to your FY20 numbers. Some of you have held steady and are in planning for growth in FY22. Each case can present a problem with cashflows, especially when there are so many unknowns out there right now. We don’t know what the Governor’s final budget will look like in the May/June timeframe.

Additionally, we won’t know if COVID will be a thing of the past, if the Federal Government will continue to provide relief funds, or if there could be additional delays in funding happening again next year. It is vital to have a plan in place for the “what ifs”. It’s better to be over-prepared and not need a. safety net than to be caught at the last minute and having to jump through hoops looking for one.

A Home for Your School

And then there’s your facility. Some of you have everything you could ask for with long-term permanent homes in place already. Others are searching for that permanent homes and have had enough of being bounced around with complicated Prop 39 agreements. Ensuring you have control of a long-term building to fulfill your mission is a significant undertaking and something that can weigh heavy on school leaders’ minds. There are some fantastic innovative solutions in the marketplace now that can make that dream a reality for many of you.

We are excited to be here, and we look forward to the opportunity to meet you all. We hope you stop by our booth to say hello and introduce yourself. We also hope you will join us at one of our break-out sessions if you get the chance. But mostly, we hope you are all safe and well. And even if we are not meeting in person to have a cup of coffee or lunch, we are very excited that we have the opportunity to do so virtually. We hope you have a wonderful week!

California Governor releases budget

On Friday January 8th the Governor released his annual budget proposal and it reflects the impact of COVID on the state. Now that it has been released the legislature will begin to hold hearings in their Budget Subcommittees. In May the Governor will release his May Revision which will reflect changes to his January proposal. The legislature has to pass the final budget by June 15th or they cease to get paid until it is passed. We will continue to provide updates to you throughout the process. Some of the highlights for K-12 include:

  • The Budget provides $85.8 billion in Proposition 98 funding to K-12 schools and community colleges for 2021-2022. When combined with a one-time supplemental allocation of $2.3 billion and the benefit of CalSTRS and CalPERS rates ($1.1 billion) the funding increases to $89.2 billion.
  • $2 billion in one-time funds to encourage schools to offer more on-line instruction during the pandemic. It excludes non-classroom based charter schools.
  • $4.6 billion in one-time funds to address learning loss due to the pandemic.
  • Creating a compounded combined cost-of-living adjustment of 3.84%.
  • Paying off all of the 2019-20 deferrals and $7.3 billion of the 2020-2021 deferrals leaving on ongoing balance of $3.7 billion in 2021-2022.
  • A one-time supplemental payment of $2.3 billion for K-14.
  • Language defining “exclusively in partnership with” to define how charter schools that work with pupils over 19 years of age can continue to receive ADA.

Investing in Educators:

  • $250 million in one-time funds for an Educator Effectiveness Block Grant for staff professional development.
  • $50 million in one-time funds to create statewide resources and provide targeted professional development on social-emotional learning and trauma-informed practices.
  • $8.3 million in one-time funds for the California Early Math Initiative for professional development for teachers working with students in pre-K through third grade.
  • $7 million in one-time funds to the University of California Subject Matter Projects to create high-quality professional development on learning loss.
  • $5 million in one-time funds for professional development on ethnic studies.
  • $225 million to improve the state’s teacher pipeline:
    – $100 million in one-time funds for the Golden State Teacher Grant Program.
    – $100 million in one-time funds to expand the Teacher Residency Program.
    – $25 million in one-time funds to expand the Classified School Employees Credentialing Program.

Special Education:

  • $300 million in ongoing funds for the Special Education Early Intervention Grant.
  • $5 million in one-time funds to establish professional learning networks to increase LEA capacity to access federal Medi-Cal funds and $250,000 for a lead county office of education to provide guidance for Medi-Cal billing within the statewide system of support.
  • $500,000 in one-time funds for a study to examine certification and oversight of non-public school special education placements.

Student Health and Well-Being

  • $264.9 million in one-time funds to enable LEAs to expand existing networks of community schools and establish new community schools.
  • $400 million in one-time funds, available over multiple years, for the Department of Health Care Services to implement an incentive program through Medi-Cal Managed Care Plans.

Though there are still votes to be tallied we wanted to get you an early election update on some California races. Over the next week or so as additional ballots are counted some of these races will change. As expected, Joe Biden carried California in the Presidential race so we will focus on other races of note.

The two biggest fights in the state were over Proposition 15 and Proposition 22. Proposition 15 was an effort to increase property taxes on businesses to fund education and other programs in the state. It was supported by a number of labor unions, elected officials and liberal advocacy groups. It was heavily opposed by the business community and other groups. Proposition 15 is currently headed to defeat with a 48.3% – 51.7% margin. Going in the opposite direction Proposition 22 is headed to passage with a 58.4% – 41.6% margin.crowd hands raised

Proposition 22 was pushed by Uber, Lyft and the gig companies as an answer to AB 5 which passed the legislature last year. AB 5 mandated that a number of companies make their workers employees and not contractors. As a result Uber and Lyft led a coalition of companies in sponsoring the ballot measure which changes the law. It was a huge win for them and a bigger loss for the legislature which refused to carve certain companies out when passing AB 5.

In the State Legislature the Democrats will continue to hold super-majorities in both the State Assembly and State Senate. In the State Assembly Democrats will actually lose a seat as two Republicans were running against each other in the 38th district where Christy Smith ran for Congress instead of reelection. In the 38th Suzette Martinez Valladares will be the new Republican member. In the State Senate Republicans are threatened with a possible loss of up to 4 seats. The 23rd district is an open Republican seat where Republican Rosilice Ochoa Bogh is tied at 50% of the vote with Democrat Abigail Medina. In the 21st Republican incumbent Scott Wilk is barely ahead of Democrat Kipp Mueller 50.1% – 49.9%. In both the 29th and 37th districts Republican incumbents are trailing their Democratic challengers. Former Democratic Senator Josh Newman is up 51.6% – 48.4% over Republican Ling Ling Chang in the 29th. In the 37th Republican incumbent John Moorlach is trailing his Democratic challenger Dave Min 48.1% – 51.9%. If these Senate results hold it could leave the Republicans with only a handful of members in the body.

As stated earlier there are still votes to be counted but these are the state of some of the races at the current time.

You can use this website to locate which Assembly and Senate district that you reside in: FindYourRep.Legislature.ca.gov.

California may cap charter school growth

As described in a recent article from the Charter School Development Center (CSDC), the proposed California budget bill AB-77 (supported by both Governor Newsom and the Legislature) would base 2020-21 school-year funding based on 2019-20 attendance.

Because the State of California funds charter schools and school districts based on their average daily attendance (ADA) , this would significantly affect growing schools – many of which have already hired additional staff, and purchased books, material and equipment, and in some cases expanded their facilities to accommodate for a larger student body.

According to CSDC, “Given the general lack of support for non-classroom-based charter schools in the Legislature, prospects for a broader fix are troubling. Even the proposed Newsom Administration “fix” is far from a done deal. We anticipate the Legislature is likely to support it, but it will likely take up the issue next week and would need to enact any legislation on point before the August 31 constitutional deadline to pass bills for this year. The last-minute nature of the growth cap, tight deadlines, and the Legislature’s lack of public engagement during the pandemic all make advocacy especially challenging.

Notwithstanding these challenges, CSDC suggests that all charter school leaders, parents, and stakeholders, including those from classroom-based ones that may support the proposed “fix,” contact their legislators to advocate for expanding the proposed growth funding cap to address all charter school students/families, including those served by non-classroom-based schools and do the same with Governor Newsom.”

Legislature is impeding charter school growth

This year when the California Legislature passed their budget they did not provide funding for growing schools, both traditional and charter schools. In the education budget trailer bill, SB 98, the CA Legislature held school district and charter school funding harmless at the 2019 – 2020 levels which essentially capped funding and provides no new dollars for additional students enrolled in the 2020 – 2021 school year.

This created a lot of acrimony and opposition from different sectors in the education community. Governor Newsom acknowledged the issue, in a message to the legislature, when he signed the budget trailer bill urging them to craft a targeted solution for the funding issue.

Due to this lack of funding four charter schools have filed a lawsuit against the state and numerous education reform groups are lobbying the legislature to address the issue. The legislature adjourns for the year on August 31st so the race is on to enact a fix.

The Department of Finance has released their first draft of language to provide a legislative fix. Though it might work for some traditional schools it is not an ideal fix for charter schools. Additionally, the language specifically leaves non-classroom based charter schools out of the fix. There is no policy rationale to cut off funding for students deciding to change schools during this pandemic that is gripping the nation.

Many non-classroom based charter schools experience growth throughout the year and the COVID – 19 virus has seen these numbers increase for the 2020 – 2021 school year.

I urge you to call your legislator and advocate that they fund all students in California, regardless of what public school they attend. It is an issue of equity and fairness that should not be taken lightly.

You can use this website to locate which Assembly and Senate district that you reside in: FindYourRep.Legislature.ca.gov.

California State Capitol

Last week, Governor Gavin Newsom presented his May Revision to the January budget. As expected, state revenues are significantly down, and almost every program will have funding cuts. Given California’s K-12 education system receives a large part of the budget’s funding, it is also receiving a large portion of the cuts. Governor Newsom stated that he would roll back some of the cuts if the Federal Government provides more fiscal relief to the states.

For those who can remember 2008 and the Great Recession, it appears there will be deferrals and reduced per-pupil funding. Below are the highlights of the May Revision, which the California Assembly and Senate Budget Subcommittees will hear over the new two weeks. It is unclear whether the Budget Conference Committee will meet or both houses will adopt the Governor’s budget, but the legislature will pass the budget by June 15th.

The budget provides a Proposition 98 General Fund level of $52.35 billion in 2019-20, a decrease of $3.54 billion under the 2019-20 Budget Act Proposition 98 guarantee estimate. It also provides a Proposition 98 General Fund level of $44.87 billion in 2020-21, a decrease of $11 billion from the 2019-20 Budget Act for schools and community colleges.

Here are the budget specifics:

  • Proposes total K-12 funding from all sources at $99.7 Billion in the Budget Year.
  • Projects Proposition 98 ongoing per-pupil spending to be $10,632 in 2020-21 and $11,585 in 19-20 a decrease of $1,375 per student and $422 per student, respectively, compared to the 2019-20 Budget Act.
  • Defers $1.9 billion in Proposition 98 funding in the 2019-20 budget year to the 2020-21 budget year, and defers an ongoing total of $5.3 billion in financing for the 2020-21 budget year to the 2021-22 budget year.
  • Proposes a payback schedule for Proposition 98 funding for the difference between Test 1 and Test 2 funding levels.
  • Proposes $4.4 Billion in discretionary federal funds for one-time COVID closure impacts on schools and student learning.
  • Suspends the 2.31% Statutory COLA
  • Eliminates the $589 million Education Protection Act fund to mitigate school funding cuts.
  • Provides $2.3 billion ($1 billion in Budget Year) funding relief for Local Education Agency (LEA) statutory contributions to the STRS and PERS retirement systems.
  • Proposes a reduction of $6.5 billion in Proposition 98 funding for the Local Control Funding Formula (LCFF), reflecting a 10% reduction.*
  • Provides $645 million Proposition 98 funding for special education services and school readiness supports.
  • Proposes $352.9 million in cuts to K-12 categorical programs*
  • Contains $164.7 million one-time state-level CARES Act investments to address  COVID education impacts, including:
    • $100 million to County Offices of Education for student wellness & health initiatives
    • $63.2 million for educator training and professional development o $1.5 million for state agency operational needs
  • Contains over $23 million in federal IDEA funds for teacher scholarships, mediation costs, and various policy studies and workgroups.
  • Maintains a few January Budget new one-time proposals:
    • $53 million for literacy grants (related to a court settlement)
    • $15 million for CalNEW (refugee student support)
    • $4.2 million for the SACS replacement project, and
    • $4 million for dyslexia training/research and statewide conference.
  • Proposes to increase LEA inter-fund borrowing allowances
  • Proposes to allow the sale of surplus LEA property for one-time spending purposes.
  • Allows special education telehealth practices.
  • Moves the Transitional Kindergarten credential deadline to August 2021.
  • Caps the age that particular charter school programs can generate ADA at 26.

Image of Student working at his desk

Comcast, Spectrum, and Cox are both offering 60 days of free internet to students during the Coronavirus closures.

As schools across the country close to minimize the spread of COVID-19, we reached out to charter schools and state charter school associations to learn what the biggest challenges facing students, parents, and schools. The resounding answer has been equity issues with distance learning—lack of technology and technology training and internet connectivity.

An estimated 17% of U.S. students do not have access to computers at home and 18% do not have home access to broadband internet, according to an Associated Press analysis of census data.

Comcast and Spectrum both announced 60 days of free internet – with slightly different offers.

  • Spectrum is offering free Wi-Fi and broadband access up to 100 MBPS to any household with K-12 and/or college students that don’t already have Spectrum. Installation fees are for these households, and anyone wishing to enroll will need to call 1-844-488-8395.
  • Comcast is expanding a service they already offer for low-income families called Internet Essentials. The service will be free for new customers for 60 days and is 25 MBPS. People hoping to sign up for the services can call 1-855-846-8376 for English and 1-855-765-6995 for Spanish.
  • Both providers are also offering free access to their Wi-Fi hotspots across the country.

Cox announced that effective Monday, 3/15/2020, Effective Monday, March 16, they are providing:

  • Limited-time, first two months free of Connect2Compete service, $9.95/month thereafter.
  • Until May 15, 2020, Cox is providing phone and remote desktop support through Cox Complete Care at no charge to provide peace of mind and ease for technology needs.
  • Resources for discounted refurbished equipment through our association with PCs for People.
  • A Learn from Home toolkit for schools, including instructions on how to fast-track eligible students without internet access Download toolkit.
  • Visit www.cox.com/c2c to qualify and learn more.

Additionally, the California Department of Education has a full list of internet offerings and details from all the major carriers.

We are working on supporting our client schools and are planning a webinar series to help charter school leaders better understand the myths and facts of the Coronavirus (COVID-19).

Join us for our third webinar in the series, COVID-19: Preparing for Attendance and Staffing Issues, Friday, March 27th at 10:00 A.M. PT.

REGISTER HERE

We will post recorded webinar series on-demand here after each is completed and will continue to update about the coronavirus as the situation demands.

California LegislatureCalifornia Legislature Takes Early Recess

This week on late Monday night the California Legislature recessed until April 13th because of the coronavirus. Before they left town, the Legislature acted on two emergency measures to assist Californians and the state’s schools, most of which are closed for the foreseeable future.

In order to take up the measures, the Governor wrote a letter to the Legislature asking they take action and the Legislature voted unanimously to suspend the 72-hour rule; bills must be in print 72 hours before they can be voted on. In short, the measures do the following:

AB 89 Budget Bill

  • Appropriates $500 million from the General Fund for purposes related to the COVID-19 Proclamation of Emergency. A 72 hour written notice to the Joint Legislative Budget Committee (JLBC) is required before any expenditures from this appropriation.
  • Allows the appropriation to be increased in $50 million increments up to a total not to exceed $1 billion, with a 72-hour notice to the JLBC.
    Expected expenditures include, but not limited to:
    • Leasing and activating two hospitals;
    • Providing hotel beds for people experiencing homelessness;
    • Supporting local governments to reduce the spread of COVID-19 in the homeless population;
    • Acquiring hospital and public health surge equipment;
    • Assisting hospitals, nursing homes, and other facilities manage the crisis;
    • Cleaning of child care facilities, so they remain open; and
    • Funding IHSS/APS strike teams to support senior isolation.
  • Appropriates $84 million for Camp Fire tree removal cleanup costs. This wildfire emergency-related action has been expected to be part of any “early budget action,” but is not related to the COVID-19 crisis.

AB 117 Education Trailer Bill

  • Provides statutory changes needed to implement the Governor’s education executive order, specifically:
  • Appropriates $100 million Proposition 98 General Fund for local educational agencies to purchase protective equipment and supplies and labor related to cleaning school sites. The money will be allocated by ADA. School sites will receive no less than $250.
  • Makes a variety of statutory changes to ensure that local educational agencies continue to receive funding for a full school year, regardless of closures due to COVID-19. This includes apportionments made based on average daily attendance, funding for the Afterschool Education and Safety Program, and the waiver of penalties related to instructional days and minute requirements.
  • Provides time extensions for student assessments and a variety of other educational needs.
To view these measures go to www.http://leginfo.legislature.ca.gov
Additionally, the California Department of Education has issued guidance around the measures. You can find it at https://www.cde.ca.gov/ls/he/hn/guidance.asp

Charter School Capital logoSince the company’s inception in 2007, Charter School Capital has been committed to the success of charter schools. We help schools access, leverage, and sustain the resources charter schools need to thrive, allowing them to focus on what matters most – educating students. Our depth of experience working with charter school leaders and our knowledge of how to address charter school financial and operational needs have allowed us to provide over $2 billion in support of 600 charter schools that have educated over 1,027,000 students across the country. For more information on how we can support your charter school, contact us. We’d love to work with you!

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California Charter Schools Conference27th Annual California Charter Schools Conference

As one of this year’s proud sponsors, we are eager to celebrate to honor charter school success at the 27th annual California Charter Schools Conference in Long Beach, CA at the Long Beach Convention Center.

we love charter schools socks

Be sure to stop by booth #1012 to say hello and grab your free pair of our exclusive 2020 #WeLoveCharterSchools socks, while supplies last!

As always, we look forward to meeting, learning from, and connecting with charter leaders who come from all over The Golden State to help forward the charter school movement.

If you’re attending, we sincerely hope you’ll take a minute to swing by our booth and say hello and let us know how we can support your school and students!
Additionally, we will be hosting a session that you won’t want to miss:

Enrollment Marketing 101: How to Attract and Engage Prospective Students
Wednesday, March 18th | 8:30a.m. – 9:30a.m.

Extra Credit: Use the hashtag #WeLoveCharterSchools hashtag onsite, and we’ll share your special conference moments on our social channels!

Find more information on our session and get other conference details here: https://charterschoolp.wpengine.com/event/ccsa2020/


Charter School Capital logoSince the company’s inception in 2007, Charter School Capital has been committed to the success of charter schools. We help schools access, leverage, and sustain the resources charter schools need to thrive, allowing them to focus on what matters most – educating students. Our depth of experience working with charter school leaders and our knowledge of how to address charter school financial and operational needs have allowed us to provide over $2 billion in support of 600 charter schools that have educated over 1,027,000 students across the country. For more information on how we can support your charter school, contact us. We’d love to work with you!

LEARN MORE