CSAF FINANCIAL FRAMEWORK

PRELIMINARY AND FINAL REPORTS

Only an approved authorizer who promotes, annually reviews, and regularly evaluates school performance may authorize charter schools. Authorizers hold charter schools accountable for their performance following statutes, administrative rules, and each school’s unique charter agreement. The Utah State Charter School Board (SCSB) upholds stringent standards of authorization and oversight to ensure that charter schools use public funds as intended. By maintaining high standards, SCSB ensures the long-term viability of schools and mitigates potential underperformance using the Charter School Accountability Framework (CSAF).

As part of the CSAF, the Financial Framework is one of the three key indicators, alongside academics and governance, that form the foundation of SCSB's oversight process.

The business rules included for each Metric is based upon industry standards but further conversation is needed. Each Metric should be looked at through the following Financial Framework Values lens:

~School autonomy - compassion, authenticity, excellence
~Inform authorizer support
~Basis for an assessment that leads to conversation before consequences
~Objectivity
~Minimize administrative burden
~Performance over compliance
~Keep it simple

FINANCIAL FRAMEWORK REPORTS

Displays the overall financial performance of Charter LEAs authorized by the SCSB.
Select the fiscal year, LEA and type of report. If you are not seeing the LEA, its data has not been saved for that school year and report type.

Based on the results, LEAs are classified into tiers to help SCSB identify those that may need additional support or oversight. The tiers are as follows:
New LEA
LEAs in their first or second year of operation
Meets Expectations
LEAs that meets all but one measure
Review
LEAs that meet all but two measures
Active Engagement
LEAs that do not meet three measures or are labeled as Review LEA and, based upon further review, are moved to Active Engagement