UCAP Home - Utah Charter Access Point

UTAH

STATE CHARTER SCHOOL BOARD

PROVIDING SUPPORTIVE OVERSIGHT

BOARD
MEETINGS

CHARTER
NEWS

FIND A
CHARTER

ANNUAL
REPORTS

APPLICATIONS

AMENDMENTS

START A
SCHOOL

WE AUTHORIZE HIGH QUALITY PUBLIC SCHOOLS THAT PROVIDE EDUCATIONAL CHOICES TO UTAH PARENTS AND STUDENTS.

MISSION

VISION

VALUES

POLICIES & PROCEDURES

STRATEGIC PLAN

As the largest charter authorizer in Utah, the State Charter School Board (SCSB) operates under the core values of choice, innovation, academic excellence, autonomy and accountability.

We are committed to building and maintaining positive relationships with our schools through improved communication, functionality and transparency.

MEET THE BOARD

MEET THE STAFF

UTAH CHARTER EVENTS

Want to be notified of upcoming charter events?

Do you want us to add a charter event or news?

APR 11, 2024

Do you have an event or some charter news that you would like us to add? Use the LET US KNOW HERE button in the Charter News & Events page.

Learn more...

UAPCS Charter School Conference Day 1

JUN 11, 2024

Our annual Charter Schools Conference features dozens of breakout sessions, a Wednesday Keynote Speaker, Circle of Excellence Awards dinner, and vendor hall full of companies that can help you and your school be its best! Conference time is also a time to connect with other educators, board memb...

Learn more...

UAPCS Charter School Conference Day 2

JUN 12, 2024

Learn more...

Utah Charter Network's Annual Symposium

JUL 29, 2024

Be Kind to Your Mind Thanksgiving Point Showbarn

Learn more...

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.

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.

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.

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.

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.

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.

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.

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

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

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.

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.

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.

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.