The Utah State Charter School Board (SCSB) is a charter authorizer approved by the Utah State Legislature to bring charter schools into existence. Authorizers set up application processes and make decisions on new charter school applications.
EXPANSIONS AND SATELLITES
Is your school looking to expand? Expansion means a proposed increase of students and/or changing the grade your school serves. A small expansion is for fifty or fewer students, would not necessitate renovation, and is for no more than one additional grade. A satellite school refers to a charter school affiliated with an operating charter school. It shares the same charter school governing board and a similar program of instruction but possesses a different school number than the affiliated charter school.
Heard at August SCSB Board Meeting
Heard at January SCSB Board Meeting
ARTICULATION AGREEMENTS
The purpose of the Articulation Agreement Request is to provide a process for charter school governing boards to request an articulation agreement with each other. The Articulation Agreement is based on UCA§53G-6-502 which permits a charter school to give an enrollment preference to a student articulating from one charter school to another pursuant to an articulation agreement between the charter schools that is approved by the State Charter School Board.
OTHER
ARE YOU CURRENTLY APPLYING FOR A NEW CHARTER SCHOOL?
Have questions about charter applications? Use this form to get in touch with SCSB staff. Send your question by completing the following:
UCAP MESSAGE
Please wait as UCAP loads the document...
Contact UCAP Support
Get in touch with UCAP Support. Send your message by completing the following:
TRANSFER RATE
Target: ≤ %
Transfer Rate = Number of transfered students / Total students
Definition: The percentage of students who leave the school during the year to go to another private or public school in the state, to go to home school, or who dropped out. Excluded are non-residents, students whose school of record is another school, students who attended the school for less than 10 days, and students in kindergarten.
Data Source: Enrollment and exit data reported to UTREx.
RETENTION RATE
Target: ≥ %
Retention Rate = Students enrolled at end of previous year and still enrolled on October 1st / Students enrolled at end of previous year
Definition: Percentage of students enrolled at year-end who returned to a school within the LEA by October 1st of the following school year.
Data Source: Enrollment and exit data reported to UTREx.
ENROLLMENT TRENDS
Target: ≥ % of prior year October 1st enrollment count
Enrollment Trends = Current year October 1st count / Prior year October 1st count
Definition: A trajectory of October 1st enrollment and Average Daily Membership (ADM) derived from enrollment data reported to UTREx.
Data Source: Enrollment data reported to UTREx.
ADM
Definition: A comparison of a school’s end of year ADM to that school year’s October 1 counts. A significantly lower ADM compared to October 1 enrollment may negatively affect funding and could signal problems for a school to retain enrollment levels.
Data Source: Enrollment data reported to UTREx.
Finance Metric Details
Unrestricted Cash on Hand = (Cash + Cash Equivalent - Total Funds in Restricted Programs) x 365 / (Total Operating Expenses - Annual Depreciation Expense)
Target: ≥ 30 days
Definition: How long, in days, the school could meet their operating expenses without receiving new income.
Data Source: Cash and Cash Equivalents: statement of net position Cash Equivalent: statement of net position Total Operating Expenses: statement of activities Annual Depreciation: notes to financial statements
Total Funds in Restricted Programs are restricted funds that are entered in to reflect the decrease in cash.
Finance Metric Details
Facility Cost = (Operation and Maintenance of Facilities + Lease Payment + Debt Service) / Total Revenue
Debt Service = Annual Principal + Interest
Target: ≤ 24%
Definition: Total operation and maintenance of facility.
Data Source: Statement of Revenue, Expenditures, and Changes in Fund Balance – Governmental Funds. Notes Section of the Audited Financials.
Finance Metric Details
Debt Service Coverage Ratio = (Net income + Depreciation + Interest Expense) / (Annual Principal + Interest + Lease Payment)
Target: ≥ 1.1
Definition: The ratio indicates a school's ability to cover its debt obligations in a current year.
Data Source: Statement of Revenue, Expenditures and Changes in Fund Balance - Governmental Funds. Statement of Activities. Statement of Net Position. Notes to Financial Statements. Notes Section of the Audited Financials.
Finance Metric Details
Debt to Asset Ratio = Total Liabilities / Total Assets
Target: ≤ 1
Definition: The amount of liabilities a school owes versus the assets they own.
Data Source: Statement of net position
Finance Metric Details
Current Ratio = Current Assets / Current Liabilities
Target: ≥ 1
Definition: Measures the school's ability to pay its obligations over the next 12 months. It shows how quickly short-term assets can be converted into cash to pay short-term liabilities.
Data Source: Statement of net position
Finance Metric Details
Annual Cash Flow = Sum of the annual change in cash
Target: > $0
Definition: The LEA's cash generated over a period of time indicating long-term financial stability.
Data Source: Statement of net positions of current and prior years.
Finance Metric Details
Total Margin = Change in Net Position/Revenue
Target: > 0
Definition: Measures an LEA's deficit or surplus out of total revenues (Includes change in temporary restricted net assets)
Data Source: Statement of Activities.
Finance Metric Details
Change In Net Position = Revenue - Expenses
Target: > $0
Definition: Measures an LEA's deficit or surplus out of total revenues (Does not include temporary restricted net assets)
Data Source: Statement of Activities.
Finance Metric Details
Audit Findings: Clean Audit = YES
Definition: Auditor finds the financial statements to be accurate and complete, without material weakness, significant deficiency, or other matters.
Data Source: Notes to financial statements, report on internal control over financial reporting and on compliance, and letter to management.