June 22, 2006 – ACSA Board Meeting

1. June 22, 2006 – ACSA Board Meeting MFP Funding Latest figures released by the state Comparison of 2005/06 vs. 2006/07 Special Revenue Update Summary of available funds Explanation of key dates and usage Statement of Net Assets thru May 31, 2006 Statement of Revenues, Expenditures and Change In Net Assets For the Period from Inception Thru May 31, 2006 Un-audited draft for presentation purposes only

2. MFP Funding MFP includes the state and local portion of tax collections. The allocated funds vary between the Type 4 and Type 5 Charters. Type 4 Charters have 1 set amount for all pupils Type 5 Charters have varying amounts based on the type of pupil needs. The MFP funds include the money for the governor mandated pay raise of $1,500. Un-audited draft for presentation purposes only

3. MFP Funding – OPSB Type 4 Charters The MFP for Type 4 Charters increased $34. Next year Type 4 Charters (OPSB) are funded based on a different amount than Type 5 Charters (RSD). Un-audited draft for presentation purposes only

4. MFP Funding – RSD Type 5 Charters Un-audited draft for presentation purposes only

5. MFP By School Last Year vs. Next Year Un-audited draft for presentation purposes only

6. Additional General Fund & Special Revenues Federal Charter Grant Impact Aid – 3rd and 4th Quarter Restart Aid 2004/05 Title I, II, IV & V Carryover $200,000 PCSP Grant Un-audited draft for presentation purposes only

7. Original grant allocation was $6,326,000 • Student counts increased Karr and Walker allocations by $166,000 and $6,000 respectively. • These funds must be encumbered by July 31, 2006. • The Fischer application worth $636,953 was never approved by the state due to the school’s opening date of March 30th. Federal Charter Grant Special Revenues – Impact Aid These funds were originally approved by the US Congress September 1st, 2005 but were not made available until May 24th, 2006. They have to be encumbered by July 31st. ACSA is claiming expenses incurred this past year in order to access these funds. The calculation is based on $1,000 per regular education pupil and $1,250 for special education pupil. These funds can be used to reimburse most types of expenses with the exception of food and capital improvements. 4th Quarter Impact Aid totals $2,528,000 but is still waiting to be claimed against because the allocations per school aren’t final. Un-audited draft for presentation purposes only

8. Special Revenues – Restart Aid Special Revenues – $200,000 PCSP Grant Restart Aid funds were approved by the US Congress September 12, 2005 and have to be claimed against by September 11, 2006. They were made available May 24th, 2006. These funds are categorized for reimbursement by administrative expenses, teacher expenses and other expenses. • This grant amounts to $200,000 per school including the new schools and Fischer. • The applications have not been generated because we are waiting on the LDE/BESE to approve the allocations. Un-audited draft for presentation purposes only

9. Special Revenues – Title I, II, IV & V 2004/05 Carryover These funds have to be encumbered by July 31, 2006. Because of the close deadline, these funds are primarily being used to purchase technology, fund summer school programs and provide professional development for teachers. No official determination has been made for the Title funds for 2005/06 or 2006/07. Un-audited draft for presentation purposes only

10. Summary of Funding for ACSA Beyond MFP Un-audited draft for presentation purposes only

11. Un-audited draft for presentation purposes only

12. Un-audited draft for presentation purposes only