Ill. BUSINESS PLAN - Lee County School District · B. Provide an estimate of the casts of the anticipated ... inspector. who may be employed by ... • Possession of a valid Medical

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Ill. BUSINESS PLAN Section IS: Facilities

If the site is not yet acquired: A Explain the school's facility needs. including desired location. size. and layout of space. The founding board has researched

the lee County School district and desires the South School Zone for a new Charter Schaal Facility. The newly constructed education facility will be an approximately 67.000 square-feet. two-story bu ilding. The school will be comprised af 48 classrooms. 2 language/ music labs. 2 science labs. 2 art labs. I testing 6 computer lab. a large multi-purpose roam and an outdoor Arianism (hard covered play area and basketball court). This size will appropriately meet the proposed student population number and grade levels described in this application.

Athenian will implement methods to ensure it is compliant with Florida's laws related to class size by ensuring the facility is equipped with the number of classrooms required to accommodate the number of classes and students. Additionally. the annual budget adopted by the Board of Directors. shall include sufficient certified teachers to achieve the student - teacher ratios required by law.

K - 3 18 students per class 4 - 8 22 students per class

Charter schools are permitted to use the "school wide" average related to class size. Core curricula courses far class size reduction will adhere to the requirements set forth for all grade levels and all student populations including ESOL. ESE. and Ell students set forth by the Florida Department of Education. The school will comply with all laws and requirements in place and as they are revised. Charter schools are required to comply with the constitutional class size maximums. except that the calculation for compliance pursuant to s. !003.03. f.S .. shall be the average at the school level

The building will be concrete tilt-wall with steel 6 concrete floor construction. It will be designated by the Florida Building Code as Type 118 sprinkled with nan-combustible structural components and impact glass. This facility will comply with the Florida Building Cade pursuant to Section !013.37. Florida Statutes or with applicable State minimum building codes pursuant to Chapter 533. Florida Statues. as well as State Minimum Fire Prevention Codes pursuant to Section 633.025. Florida Statutes. as adopted in Lee County. Fl. The school will allow the sponsor to conduct site visits to review and document compliance with applicable health and safety requirements. Other inspection agencies may include: The Health Department and Children and Family Services to do inspections of the kitchens and related spaces: The Department of Labor and Employment to inspect for OSHA compliance. Athenian will show proof of the initial and annual inspections prior to the first day of operations (or upon request of the sponsor) and will obtain and keep current all necessary permits. licenses and certifications related to fire. health. and safety within the building and on school property. Athenian will produce all documents showing that the facility meets health. safety, and zoning standards that are established by the City. the Health Department. and other agencies.

B. Provide an estimate of the casts of the anticipated facility needs and describe how such estimates have been derived. Identify. if applicable. any funding sources (other than state and local funding) that will be applied ta facilities-related casts and include evidence of such (e.g. letter. MOU) as A1tachment LI. The projected casts for the property. land improvements and new facility are $12.200.0DD. These costs are based on anticipated cost of land purchase price with actual historical data of job costs from comparable charter school facilities from our experienced charter school development team. Athenian is working with that local developer/contractor and non-profit lender for the purchase and construction of the new facility. Once completed. the new facility will be leased back ta the school at a monthly rate of SID00.00 per student

District Review Page 708 of 762

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enrolled. Athenian Academy has an established relationship with the non-profit lender stemming from school construction in Clearwater. Florida.

C. Explain the strategy and schedule that will be employed ta secure an adequate facility. The developer/contractor has proven abilities in securing the necessary local government approvals for charter school purposes with a record of accomplishment of timely completion of excellent facilities meeting the needs of the school. Athenian plans ta have a Certificate of Occupancy in place no later than fifteen (15} days prior to the opening of the school year in 20!8. Should there be any delays in the charter approval. permitting and/or construction process. Athenian may request a deferral allowing us to open the school the following

0. Describe the back-up facilities plan. Athenian may utilize the option of locating a short-term alternative facility. suitable far school use until the new facility is completed and ready ta open. While no delays are anticipated. the school is in the process of identifying potential emergency facilities should there be unexpected delays in construction. Given the timeline for construction. delays are not anticipated. The charter application is being submitted well in advance of the propped opting date of the 2018 school year: this fact will provide adequate time far unforeseen delays in the location of a property.


July 1, 2016

Lee County School Board

To Whom It May Cone-em:

:.•,. ;t,,""A'f.':..

I ; I : 1 ' I h () p {;!

On behalf of the Bulldlng Hope, I am pleased to submit this letter of interest to provide a fac:illty with a purchase option for Athenian Academy upon its obtainment of a charter contract.

Building Hope supports high·quality public charter schools in Washington, DC; Florida and other U.S. cities and states by providing technical assistance, consulting and project management related to capital projects. Through our financing (loans and guarantees), business services and incubator facflltles. we also support the expansion of academically successful schools with the capacity to grow their enrollments. Through our efforts, we catalyz~ change across the local public education systems where we do business. Building Hope promotes school~centered community revltallzation. We believe that excellent charter school programs and facilities will help transform economically

.!pressed neighborhoods into places where children will thrive

Upon Building Hope's thorough underwriting of the market and Athenlan1s charter approval, we are excited by the opportunity to invest in Lee County, as we did for Athenian in Pinellas County and support bringing quality educational options to more chlldreo and families. If you have any questions, please contact our office at 954~ 767-1070.

Sincerely,

Richard Moreno Executive Director


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Section !7: Transportation Service Describe the school's plan far transportation ta ensure that transportation is not a barrier to equal access for all students residing within a reasonable distance of the school. s. I002.33(20){c) F.S .

Service options may Include any of the following: • The school may own and operate its own school buses. • Private contractors may provide the transportation in school buses. • Parent-awned vehicles may be used under certain limited circumstances

*T ranspartation of charter school students shall be provided by the charter school consistent with the requirements of subpart I.E. of chapter IDOS and s. !012.45. In cooperation witlt tl,e scl,ool district sponsor, Mreasonal,le distance" will be based on locally implemented criteria or practice for BStablishing school ilftendance zones.

Level of Service Requirements-Section !006.21. F.S .. and Rule SA-3.00I. FAC. require transportation of students who live two miles or mare walking distance from their homes to the assigned schools. Section I002.33(20){c). F.S .. provides. ''The charter school and the sponsor shell cooperate in making arrangements that ensure that transportation is not a barrier to equal access for all students residing within a reasonable distance of the charter school as determined in its charter.

Routes and Stops-Safe school bus routes and stops will be designated and approved by the charter school (or the sponsor if specified in the agreement). and they must provide prompt relief of any condition causing overloaded buses.

Approved Vehicles-Schaal buses will be used for all regular transportation provided or arranged by the charter school {Sections IOOS.22 and !006.25. F.SJ. with limited exceptions. A school bus is any vehicle designed ta transport mare than ten persons to end from school or school activities. and it must meet federal and state construction standards for a "School Bus." These requirements apply regardless of whether the vehicle is owned. operated. rented. leased. or contracted for by the charter school. the school district. or a private company.

Sclmol Bus Inspection and Maintenance-- All school buses transporting charter school students will he required ta he inspected at least once every 30 school days that the bus is in operation. according to standards prescribed in the Florida Schaal Bus Safety Inspection Manual available at http://www.firn.edu/dae/transp/ from the Department of Education (as authorized by Section 1006.22. F.S .. and Rule 6A-3.017l. FAC). Buses must he inspected by a state-certified school bus inspector. who may be employed by the charter school. a school district. or a private provider.

School Bus Operator Requirements--Any person operating a school bus transporting charter school student is defined as a school bus operator and must meet federal. state and local requirements. The requirements include:

• 40 hours of preservice training according to the Basic Schaal Bus Operator • Eight hours of in-service training annually. related ta driving responsibilities; • Participation in the federally required drug and alcohol testing program: • Possession of a valid Class A or B Commercial Operator License (COL) with Passenger Endorsement (as required far the

size of the school bus) and Schaal Bus Endorsement; • Possession of a valid Medical Examiner Certificate documenting successful passage of an annual physical examination an

a form prescribed by and available from the Department of Education (Farm ESE 479): • Criminal background check from the FBI and the Florida Department of Law Enforcement; • Review af driving history upon initial employment and at least semi-annually. plus summer school. if applicable. from the

Florida Oepartment of Highway Safety and Matar Vehicles far violations and citations; and


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• Annual dexterity testir.g measuring ability ta perform basic functions related ta driving responsibilities. recorded on a form prescribed by the Department {Farm ESE 478).

Schaal Bus Rider Safety-Schaal principals or designated school staff do the following ta ensure the safety of transported students:

I. Direct school bus emergency evacuation drills for all transported students during the first six weeks af each semester and maintain documentation. 2. Provide instruction in safe riding practices ta all transported students during the first six weeks of the first semester of the school year. 3. Ensure the safety of the student loading and unloading zone.

Students who are eligible far transportation will not be required ta walk mare than 1.5 miles ta the assigned bus stop. Certain students with disabilities. certain prekindergarten students. and elementary students who are subject ta specified hazardous walking conditions must be provided transportation. regardless of distance from school.

If parents who desire transportation live outside the reasonable distance. bus stops will be communicated ta the families and the family member may drop off and pick up the child at the closest bus stop ta their home.

The school may consider contracting with parents who are able ta provide private transportation. the school will provide a monthly gasoline stipend to parents transporting their student should this option be chosen.

The school will: Report to the sponsor. the number of students being transported during survey periods or mare often upon request.

T ranspartatian Rules and Safety are detailed in the Student Code of Conduct


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Section 18: Food Service Describe the school's plan for food services. including any plans for contracting services or plans to participate in the National School Lunch Program. Explain how the school's food service plan will ensure healthy. well-rounded meals for stud1mts. Athenian Academy Charter School will meet all applicable state and local health. safety. and civil rights requirements and any food service. including snacks or catered food. must be approved by the local county health department.

• When food is served or catered in a school. Chapter 84E-II F.A.C .. (pdf 205 KB) applies and a food permit is required. The local county health department permits and inspects food service food service at all educational facilities.

• Athenian Academy will promote health in students by supporting wellness. quality nutrition and regular physical activity as a part of the total learning environment.

• Athenian Academy will comply with The USDA Smart Snacks Policy which requires schools to only sell food and beverages that meet certain nutrition standards.

• In accordance with Federal civil rights law and U.S. Department of Agriculture (USDA) civil rights regulations and policies. the USDA the school will; prohibit discriminating based on race. color. national origin. sex. disability. age. or reprisal or retaliation for prior civil rights activity in any program or activity conducted or funded by USDA. Athenian Academy will implement the following to promote healthy students by providing nutritious meals.

• The school will participate in the National School Lunch Program; Parent Participation in the National School Lunch Program Athenian Academy will apply to participate an an annual basis and will meet certain nutrition. meal. and paperwork requirements.

• The school will provide free and reduced priced lunches to those children who are eligible. Children qualify far free and reduced priced meals based upon income guidelines established by the USDA on an annual basis.

• The school will participate in the National School Lunch Program. and elects to establish a Local Wellness Policy with the objectives of:

I. Setting goals for nutrition education, physical activity. and promoting student wellness 2. Setting nutrition guidelines for all foods available an school campus during the school day 3. Assuring nutrition guidelines for school meals will not be less restrictive than federal policy 4. Establishing a plan for measuring effectiveness 5. Involve physical education teachers. parents. students. and representatives from the governing board. and school

administration. in the development of the Local Wellness Policy • The school will Schools make water available to children at no charge in the place where meals and snacks are served • Operate a non-profit food service and use program revenue only for program purposes. • Establish such rules or regulations as are necessary ta control the sale of food in competition with meals served under the

program. • Maintain a financial management system as prescribad by the USDA. Food. and Nutrition Service • Maintain accurate records for a period of 3 or more years. • Count the number of free. reduced price. and paid meals served to eligible children at the point of service. or through an

alternative counting system which has been approved by the State of Florida. • Serve meals that meet the requirements prescribed in current regulations • The school will allow students ta bring lunch from home however; no heating or refrigeration services will be available. • The school will have a food allergy plan in place for students with life threatening food allergies. • If possible. the school will contract with the School District ta provide hat lunches to our students. • The schools will if necessary. pay associate fees to the school district far food and delivery services or the school will

arrange to pick up school lunches if an agreement is made. As an alternate plan for food service. the school will contract with an approved local caterer for school food service. ll,e school will make applicable revision and modification for special cases. dietary or physical conditions as necessary in the best interest of the student


98 IP age

Section 19: School Safety and Security Outline the plan far school safety and security far students. staff. the facility, and property. Explain the types of security personnel. technology. equipment and policies that the school will employ. A full plan that also includes procedures for unanticipated emergency situations will be required prior ta school opening. The school has designed an "Emergency Operations Plan that includes procedure far:

• The establishment of a crisis intervention team • Media Procedures in a Crisis • Defined Roles for all Staff Members in a Crisis; • Assaults/fights • Bomb Threat • Unauthorized individuals on school campus • Intruder/hostage Situations • lock Oown Procedures • Ouck and Cover • fire Drills • Natural Disasters • The death of a student or staff member including post procedures for Counseling Resources • Suicide Attempts an and off school campus • Weapons: The school will have a weekly playground inspection and safety checklist • The school will conduct monthly drills far fire. lack Down and Duck and Cover • All entrance doors will require a swipe badge ta enter the school. • The reception area will be designed ta limit access ta students using double doors. Visitors can only gain entrance by an

employee "Buzzing" them into the student area. • All hallways and common areas are equipped with security cameras. • Students in grades K-3 are required to use a friend system when traveling throughout the school. • All visitors are required ta present valid identification and wear a visitor's badge when an the school campus • . Volunteers will be background checked and fingerprinted. levels 16 2 • The school is equipped with an intercom system that can be heard in all areas of the school far emergency announcements. • Door Keys and Swipe badges are numbered and assigned to specific employees. • Vendors are on an approved list and subject to background checks. • Students are under the direct supervision of one or mare staff members during transitions and on the playground. • The school conducts employee screening and fingerprinting far the protection of the students: • The school will not employ any individual deemed inappropriate in any Sponsor's County Public School. • The school maintains a safe environment through a positive discipline approach

Athenian will shaw proof of the annual facility inspections prior to the first day of operations and will obtain and keep curTent all necessary permits. licenses and cert~ications related ta fire. health. and safety within the building and on school property. Athenian will produce all documents showing that the facility meets health. safety. and zoning standards that are established by the City, the Health Oepartment. and other agencies. If the Governing Board and Administration find it necessary as enrollment increases. the school will seek retired law enforcement officers. local security officers ta bring on staff for campus safety.


99I Pag e

Section 2D: Budget A. Provide as Attachment X. an operating budget covering each year of the requested charter term that contains revenue

projections (using the Florida charter school revenue estimate worksheet as Attachment W far at least the first year of operation). expenses. and anticipated fund balances. The budget should be based on the projected student enrollment indicated in Section 2 of the application. A template for the operating budget may be available from the sponsor upon request. These budgets contain all projected revenue and expenses except far:

• Public Charter School Grant: Because the competitive nature of this grant creates uncertainty as to availability. this potential source of revenue is omitted from these budgets. If grant funds are received. the primary focus will be classroom technology. equipment. furnishings. and supplies. as well as staff development activities.

• Supplemental Federal Funds (IDEA. Title I. etc.): Even though the school expects ta qualify far these funds. they are supplemental ta the academic program. each with a specific focus and cannot be used ta supplant other expenses of the school. Therefore. these budgets demonstrate that the school will be adequately funded without these funds. These budgets are presented with revenues and expenses classified in compliance with Financial and Program Cost Accounting and Reporting for Florida Schools {Redbank). The documents included are: W.1 - W.S (FEFP Revenues) X (5 Year Budget) Y (Start-up Budget Z (Other Funding}

B. Provide a start-up budget as Attachment Y that contains a balance sheet. revenue projections. including source of revenues. expenses, anrl anticipated fund balancl:!. The start-up budget must cover any period prior to the beginning 11i f!t payments in which the st:hlJol wiH expend funds an activities necessary for the successful start-up of the school. Building Hope Foundation has committed to finance S2D.aaa in start-up costs as part of a 20-year construction loan with a 5-year lease option buyout for the acquisition of land. construction of a facility. funding of $20.0DO for startup expenses and purchasing of FFE for year I and $185.000 of HE in year 2. Yearly lease expense. which includes all the items listed above. will be set at Sl.000 per student. (enrol/et!} It is important to note that Building Hope foundation has this exact successful financial model in place with the original Athenian Academy located in Clearwater. Florida. This model is Hexihle and safeguards the school from a potential financial shortfall if the student enrollment numbers tfo not meet the projected numbers: UHF wJII only charge /1000.00 per actual student enrolled

C. If the budget is contingent upon sources of funding beyond those typically provided by local. state. and federal governments {such as funding from foundations. donors. grants}. provide evidence of such funding (e.g. MOU. letters) as Attachment Z.

D. Provide a detailed narrative description of the line-item revenue and expenditure assumptions on which the operating and start-up budget are based. The budget narrative should provide sufficient information to fully understand how budgetary figures were determined. Revenue assumptions are as follows: FEFP Please see Attachments W.1 - W.S. Year 1 revenue is based on 2DIS-17 Revenue Estimating Worksheet. Subsequent years reflect annual increases of 0.5%. In Kind (Greek Teacher Salaries 6 Benefits) Greek Government will pay salaries of Greek Teacher. Please see attachment Z.3 In Kind (SFS} School Financial Services will donate one third of finance and human resource fees for Year I. Please see Attachment Z.I. Proceeds from Long-Term Debt -Start-up Loan Building Hope Foundation has committed to finance $20.DDO in start-up costs as part of a 20-year construction loan with a 5-year lease option buyout for the acquisition of land. construction af a facility. funding of $20.000 for startup expenses and purchasing of FFE for year 1 and $185.000 of FFE in year 2. Yearly lease expense. which includes all the items listed above. will be set at si.aaa per student.


100 IP a ge

Please see Attachment Z.2. Capital Outlay: $250 I student. with eligibility commencing in 4th year. Salaries and Related Casts assumptions include: Salaries: Please see Attachment X.2 far positions and salaries by year. Teachers are adequate ta comply with the Class Size Reduction Amendment. provide electives. and supp art student progression. The average teacher salary is budgeted at $37.000. Retirement: Retirement through a 40IK plan administered by Jahn Hancock is budgeted. at the current rate af 6% of salaries upon completion af (I) year af employment after the completion af the 90-day probationary period. Payroll Taxes: This consists af Social Security at 7.6596 and Florida Unemployment at 2.796. capped at $7.DOO. Heahh Insurance: The budget is based on premium af $400 per month per employee. with the school paying !0096 af the premium. and 5096 at employees electing coverage {$400 * 5096). Workers Compensation: Budgeted at 196. Instructional Casts Contracted Services: Services provided primarily in support af IEP's. such as OT/PT. speech therapy. etc. Budgeted at $500 per ESE student Supplies: Consumables. budgeted at S30 per student plus $150 per teacher far year I and 2 and increased ta $40 per student plus $175 per teacher for years 3. 4 and 5. Textbooks: Budgeted at $200 per new student. plus $20 per retuming student. Furniture & Equipment: Please see the schedule below far estimated far furniture and equipment: All of year I furniture and equipment expense. and $135.000 af year 2. has been eliminated from the budget as it will be paid far by Building Hape Foundation as part af the 20-year construction loan. Computers 6 Software: Below is an estimate for computers and other technology equipment: All af year I computer and technology equipment expenses. and $60.0DD af year 2. has been eliminated from the budget as it will be paid far by Building Hape Foundation as part af the 20-year construction loan. Assumes yearly software cost of S75 per student far years I and 2 and increases ta SIOO far years 3\ 4 and 5. Substitutes: Substitutes @ 8 days per teacher ml $75 per day. Facilities Acquisition: Rents: Yearly lease expense will be set at $1.000 per student. The loan is a 20-year construction loan with a 5-year lease option buyout far the acquisition af land. construction af a facility. funding af $20.000 far startup expenses and purchasing at FFE for year I and Sl95.0DO af FFE in year 2. Fiscal Services: Contracted Services - Finance: Ranging from 2.896 ta 2.3% of net FEFP, this represents hack-office accounting services. Contracted Services - HR: The fee far HR services is 1.2596 of grass salary. Food Services: Food Service Workers: Assumes school will be a satellite location at the district meal services at a 45% participation rate. Schaal will be responsible far serving meals. Faad service workers are budgeted at $9.50/haur. 4 hours/day. and 183 days per year. Staffing needs are determined by a ratio af 150 meals/day/food service worker. Staff ranges from 0.5 food service worker in year I ta 3.5 faad service workers by year 5. Transportation Bus Drivers: Assumes 2596 participation rate. Ranging from I bus drivers in year I ta 6 bus drivers by year 5 at a rate af SID/hour. 4 hours/day. and 183 days/year. Busses: Assumes 2596 participation rate. Schaal will purchase busses ta satisfy participation rate at a ratio af 50 students/bus. Schaal plans ta purchase husses estimated at $25.000 per bus. Board Administration: Contingency: 296 at net FEFP far unanticipated expenses. District Fee: 5% at FEFP. capped at 250 students. Staff Training Contracted Services: Budgeted at $500 per teacher and administrator with 1/3 af year I allocation being expensed in Startup and $500 per teacher and administrator per year in subsequent years. The remaining line items are small and self-explanatory.


101 ! P ag e

E. Discuss the school's contingency approach and plan ta meet financial needs f anticipated revenues are not received or are lower than estimated. This may include budgets for 75% and 50% af revenue projections or a budget for whatever percentage the applicant considers the minimum percentage at which they could operate the educational plan presented. At the paint. a revenue shortfall is identified. the charter school board and administration will immediately begin planning the appropriate response. A significant enrollment deficit will. af course. require a budget amendment. A critical factor in preparing the budget amendment is the interrelationships between fine items. For example. adding (or deleting) one student impacts supplies. textbooks. possibly contracted ESE services. etc.; adding {or deleting) a section of students also impacts teachers. substitutes. etc.: administrative casts would be affected only by large enrollment changes. Time is a critical factor in effectively coping with revenue shortfalls. Prompt. effective action can limit bath the duration and depth of budget cuts necessitated. Further. the negative effect an employee morale and community perception of the charter school is minimized. Finally. the nature and cause of the enrollment change, and the charter school's response. will be evaluated. This will allow the charter school ta possibly avoid future revenue lasses. or ta improve responses to future events. A budget at approximately 78% of enrollment is included as See Attachment

F. Explain in detail the year one cash flow contingency plan. if revenue projections are not met (or not met on time). The budget approved with the application will became the approved budget far the start-up period and Year I af operations. This budget will be subject to continual a and intense monitoring ta identify any inaccuracies in assumptions. The budget will be updated frequently. after each significant event but. in the early stages of development. at least once weekly. Examples of events which will impact the budget include updated enrollment numbers. changes in the local economic environment. hiring staff. new legislation. ordering furniture. etc. We recognize that the budget must be managed in the entire environment. and is not limited to the result af actions af the charter school. While the omission. ar erroneous estimates af quantities required. or unrealistic price estimates af an item will all create budget variances. sa tao will the construction of a housing development (or another school) within walking distance af the charter school. In addition ta the process described. beginning with the September financial statements. the board will receive a monthly projection af both cash and budget performance. including projected cash balances ar deficits and proposed budget amendments. After the first year. this projection will be provided ta the board as needed ar as requested by the board. The budget monitoring process is a powerful tool in surviving revenue being less ar later than budgeted. The fallowing specific strategies are designed ta respond to budget revenue shortfalls.

First. during the start-up period. and until the charter school is fully operational. the projected budget compared ta the approved budget will be an agenda item during each charter school board meeting. as well as in any meetings between Schaal Financial Services and school staff. Also. budgeted expenditures will be deferred until justified. and approved in segments. Far example. the school's budgeted enrollment far year I of 182 students is comprised of 9 sections. Furniture. textbooks. computers. etc .. will be ordered ta match enrollment gains. Similarly. teachers and other staff will be interviewed and identified. with provisional identification af employees. but hiring will be authorized only after the need is established. Third. where possible. vendor payments will be postponed. Schaal Financial Services. for instance. has committed to defer the collection of fees if that payment would cause the charter school ta either be unable ta pay another vendor or create an overdraft in the charter school's cash (See Attachment Z.I). Further. the deferral of fees changes ta forgiveness af fees if that fee causes ar exacerbates a deficit far the fiscal year. Since mast vendors will be unwilling ta forego payment. this stratagem will be available with only a limited number af vendors. but the benefit is very significant. The charter school believes these measures will be adequate ta cope with any revenue shortfalls which occur.

G. Provide monthly cash flaw projections for the school's start-up period (i.e. from the date an which the application ls approved ta the beginning af the first fiscal year of operation) through the first year af operation. See Attachments


ATHENIAN ACADEMY CHARTER SCHOOL (LEE) BUDGETED FEFP REVENUE FISCAL YEARS 2019 - 2023

FV19

Inflation Factor 0.50% Years of Inflation

FEFP, Net of TraMportation 1,231.223 Future Value Factor ( (1 + Inflation Factor) Y!'ll'l; Ol lnlia.llan} 1 0000

Budgeted FEFP 1,231,223

Transportation 17.199 Future Value Factor { (1 + Inflation Factort0111 ... t)f lr•,dliOn i 1.0000

Budgeted Transportation 17,199

FY20

0.50% 1

2 462.451

tOOSO

2,474fe,763

34,398

1 0050

34,570

Attachment W .1

mi FY22 an 0.50% 050% 050%

2 3 4

3,734.362 4.979.149 7.468,694

1.0100 1.0151 1.0202

3,771.799 5,054,210 7,619,H~2

51.597 68.796 103,194

1.0100 1.0151 1.0202

52,114 69,83!i 105,273


T~w Al"'ffl, 11 ili~-4Let fEFPWc,n,J\ot,h OltcS~fW tffi?t:: ,H,~~!7 ('4C ,,_.

Revenue Estimate Worksheet fQr Athenian Academy Charter School (Lee)· F\'19 Rnmt on •he 21117-18 FEl,.P Fim Calculation

School Dll!trict! I

l, 2017-111 FEFP ~late and I..ocal funding llase S1wkm Allocation

nm (U

101 0.51c K-3 J 11 811,te K-3 " ·Ith E.~i: knices 1112 Baslr 4-8 t 12 Basic: 4-8 ,.·Ith F.SJ,: Sen1-10l Bask !1.12 113 D~lc 5'-12 11·ill1 ll&F. ~nicts 25' ESE Lev~I 4 !Grad, !Awl PK.J ! lS4 ESE Levcl 4 ((,ralk Ind 4-11} 254 ESK Level 4 <Grmh uvel 9-lJJ l.!iS Fu~E I.eve! 5 !Grdt ~I l'K-J J iss ESE JA,'l!I 5 rcrnu1.- uv,1,-si lS.5 ESE Le,•el S IGmde urel 9-121 UII ESOL rlJradt Lt•'*' Ni-3) 130 RSOI. (Gradt l.n(ol ,UJ 130 ESOI, !Grndt: Ltwl 9-12) .300 Ca~r Education (Glvdes '·12)

Addillonal fTE ta)

Adv11nc:rd Plarement

l111ematlo11al h«-.tlaureate

A<lvauced lntern111ion:1.I C:er!lficatc

1Ddustry Cerllfled Cal'ft!r Educalion

Eorly High School Graduation

Small Dililricl ESE Siapplunent

f>4.2Cl3.95

I I

Il l

Total Additional F'ffi

1'01111 J,'unded Weighted J,''1'£

fll

Additi<in,.il Fundinr from IJtto BSE

Gwirruit«oJ Al!ox.itiun. Enter llw FTf! fn.,m --------111,I 12 uuo 113 by l!ruJe unJ n1ollrlx k\'cl. ___ __.;. _____ _ S1ucten\~ who d<i not h:iw a m:llri~ level should he con~iikred 251. °flliJ total ~ho11ld -------~11111 all l'l'E from prov,nis I I I. 112 ;,nd I 1.4 llbuw

Total FTE with ESE Sel"ices ___ .;;;23;;.;'""-----

Di~1ri,·1 Co~\ Diffcn.mllMI l .(I079

Progl'llm CnslFli!dQt

( l l,UJ7 1,1117

1.000 l.000 1.001 1.001 16111 3.619 3.619 s.su 5.526 s.52' 1.211 1.212 1.212 1.001

2017-18 Weigbkd fo"J'F.

12)x(3) Buse Funding

(WFTE dS,h DCDt 15)

266,71111 10.3615 $ 43,903

368,209 14.3000 $ 60..591 0.0000 $ 0.0000 $ 0.0000 $ 0.0000 S tl.0000 $ G.0000 $ o.ooio i 0.0000 $ 6.!1111 $ 29,SSO

J0.6656 $ 45.l!ill 0.0000 $ 0.0000 $

192.1744 $ 814,273

2(117,111 Basr 1.-undinl!

(WFTK ,.: BSA x DCD1

s s $

s $

$ 0,0000 Addiliomll BIIISI! Funds ,.;:;.S ______ _

1111,17..,. Total Daw F11ndlo1 1.h;;.... ___ ..;8;..;l.;;;4.1;;.7;.:3~1

M.alrb: Guaronue l'cr Gradr Ltwl J.C\'cl Student

PK-~ %SJ $ !192 $ 9.285 PK·l 252 $ J,1Q3 $ PK·l 2!13 $ 6,535 $ 4-8 2Sl $ l,tl2 $ •UI 2Sl $ 3,323 $ 4-8 253 $ §.!56 s !1-12 251 $ 791 $ 9.u 252 s 3,002 $ 9-12 253 $ 6,335 $

Total ESE Guarantft!! $ 25,1871

JA. DMde :tt"hool's Unwelp;hted FTf: Cl'FTE) totul computed In Section 1, ml er, abo,·c by the dislrkt's t11Lal llFTE •o ebtaln miool'~ UFTE ,hare. Charter Sdiool UIITE: 1U.OO District's Total UFTE: 2!.1l2.9

o.tm•,

38. DMde smeol's Weidlltd FTE f\\'n'El tolal computed in Sec:llon 1, cell E37 abo,11 by lhe district's total WFTE to obtain school's W1''TE share-. Cbanrr Sthool W1''TE: 1112.17 + District's Total \\'FTE: 9f,93U!l

.. 11.1w•,

All&Cllme11t W 2


r~~ IJflt-1111<•• Au1flttf t.•~ FEFP WnJloffi6t'I.• HJsr;5"~W '?071-:' ";'H4',?.~17 4 -'~ ~·

4. Supplomenbl.l Aad"8lc lnstnmton tl•tTE •hi.t!'t'I .~00 l.ow~11•~rtur111ht1 Schoab All11e1Ulon

1b1

!di

19,547,MJ

Chun~• M"ho•,J~ nn th~ h~l uf 300 Jm,. c;t rcrfonnln~ ~ltm~nmn ~chrol~ ~hr1111d conmt lheif !'Choo! d1~1rict llJ'Olll<nt ,,. otnnin m1di1ion3) fon, 5. Dikfftionary J\lill~~ Ct11npr~Jion Alluc111fon

.7411 MUl5 tUJ<"fE slulr~.1 1b1 fl ,. O.l!163'k _$::;_ ______ _

6. Dillilal Classrooms AlloaiUon (UFTE ibantj ib.llfl 1,942,160 lli 0,1!163S}:} _ l~!l_ 7. sarr Schools Allaulhm (lTFTE sbnn) Oil l.6.30.853 x 0.1'63~t. $ 3.2Q]

II. 1mlnn1ional M1terillls All11C.11llon ({'Fl'F. mareJ {bl 7,281.759 ll O.Jffir,r. $ 14.294 l>ual F.nn1Dn1tnt flllltruclionnl Material., Allocation m $ ESE Appllcoliom. AIIOCllllo11: $

Ch1111t1· ~ho,,I~ shoulJ contnct their Sdttkil <li,11,ct ,pun,or 1.:J!:.i'C.111\! t'bgi\lllil) and di~1ribu11on of ESE A11ph"'11ions fund~.

!I. Dcdinin.ll Eurollment {WF'J"E ~IIRI fd 0 ). 0.19%.1% $

to. Sp•rsily Suppltmftlt IWFTE slta~J re) 0 t,; 0.1923% S

l 1. Rffili11g Allocation tWFTE it111rt1 {Cl 4,tllll,692 ,.. ff,192l'it $ 7,853 12. O!Kftlion•r:,· l..oail Effort CWFTE sh11n1 {Cl - ~- SM411:!ll x O.t9l3~ $ 113,34..\ 13. f>n)nillion lo Fu11d5 AY1tll1ble (WFTR ahattl le) 0 s O.t!llJCJ s 14-. Dlstnllom11") t..oltn,· (WFTK share) (cl 1.557,lff J; Q.1923% $ 2.9!14

Ui. Cla,i.~ Siu Rcduclion l'unds:

W£1121tf!! Im1nnt ia£ludj111 .Qrld·flDI X ~ X Alll!!=!!llWJ [11c111m PK-3 80,30811 UOTIJ t.317.03 = UIUOS

4-11 IIJ.8656 l.007\J 898.36 = 101,.189 11-12 0.0000 J.0079 9011.53 "' 0

ToM•! 19J.174'1 I Toto! C.'IASll Sitt Reduc:llon F\lnlbt $ 207,1194 ("Tmul FTE should rqiral lt>tnf i11 Sm1,•11 J. <1•1!111111 i4; tm<i ,1/mttld 1u,1 mrl11dr ,m~ ndc/ilimml FTE.,irom s~ni,m 1. J

16. Stud,nt 1'ranspt11'1atlcm 1(1)

i ,,,,,., \II 1>11111~i.,1 I 11,ul~h1, lrui·, -------'-- ·-----

17. FedcnD)' Cannltded Studeul 8up1,leruent

lmpac.1 Aid Stlldmt Tfpv MilllatJ ,md l11dl1111 Land~

Chilian, on Frdc:nil l.lmd,

St11d11111S '!\'Ith Disiabilitle5

(bl

18. Florida Ti:ad1m Ch11moom Supply Assl~1anc<' Pl'Oflram CO

19, Jo"ll<ld s..r,·i~ AIJOClllion (J)

El.empt P,oprl'1) Atlocatltm

$0.-00 so.oo

378 ..;;$;..,,.. ___ _.:_11:,:.,1:,:.9.;;..,ll ·~77 _$:::__ ______ _

lmpad Aide Swd,nt

Alllltlltloo Tola!

$0.00 $

SO.Oil $ so.oo $

$

$

~

'l'olal $ U48,42Z


~MO,..,,.., """"""1 ld Fl!FI' Wo>, .... oi, '1l<CSPf.W :7011~ 711•'1~>7 UQ I'll

Rennue Estimate Worksheet for Athenian Academy Charter School (Lee) - FY20 lb~ on lhe 2017-J 8 FEFP Finl CalculatiOR

~hoel Dittrict: l,r,,

1. 21117·18 FEFP St.1111 and Local Fundinp. B~e Stuiknl Allac:ition S-t.203.95 Di51ri~1 C<J51 Oirl'ercn11al I .iJ07!1

l0J7.Jll Proanim Weighted M"E BaseFundhie

Pr! l"lltll ·,u,uk· 1,, t fl C11stFador (2)l;(l) IWFTE x BSA II DCD) m ·-~ (") ! l

( ' 101 Basic K·! iU.-:,·. I.le? . l15.9J23 S 533,595 l l l Basic K·3 wm1 ESE Senk"s il' ':": 1.107 10.7230 $ 87.807 1112 Bask 4·6 .-,,~ 1.000 17l.80011 S 736.41' 112 Basic 4-8 wifl1 F.St~ SN"Vlees l.000 28.6000 S lll.183 103 Bu IC' 9· I;! l.001 0,0000 S 113 Ha1il?9·12 with ESF. Smlc:es l.001 G.0000 $ 254 ESE Lt!l'Cll 4 (Grnlir wn l'K·J J l.(i19 0.0000 $ 254 ESE Lnel 4 <Gmdt uv.14-IJJ ---· J.6UI 0,0000 $ .254 ESE Level 4 (Grrult I.Ivel 9-J 2) J.619 0.IJ(IOO $ 15S ESE IN\•el 5 ((',rndt IA~tf l'K·J I 5.526 0.0000 S 255 ESE UVl!l 5 (Grwdf /Aver 4,fi) 5.526 o.ooliii s lSS ESE Le,·el 5 1Gnut, Llvel 9-121 S.526 o.liiRiiiS Ult ESOJ. (G,..Ji! IAi!I PK·J) 1.2U 1.J.96.22 $ Sll,160 JlO F.SOI. (Grad~ Lev•I 4,1) 1.112 :n.3312 $ 90~134 13'1 F..SOI, ((',r,u/e l.e,.,I 9-12) 1.212 0.0000 $ 300 Caner Edu~11l10J1 rGradts P-ll.J I.DOl 0,0000 $

T(rulls JM.00 384.341t7 $ 1,628,548

J.etten In Paffi1lheli$ lldi,r tu Notu at Buttom or Werkshttt:

Addlt;onal F1'E 1111

Admnced Plowne.nt

h11ernulio11:1I B-'-ureatc

Ad\'~tt1d lntcroatlonal l'.mlricut~

Indus~ Certilied Career P..du~lltlon

Earty tti,h School Graduallon

Small Dialrid ESE Suppl~m1111l

Total Addltloaal FTE

·r<1111I t'unded Wftgbtftl FTE

2. ESE Gua!"llnlrl'd Allfflltlon: I II 11."!

Additional Fundif11! from lhc lilm Ouarant~ed Alluo.:aliun. fi111e1· the FfE f1tnn --------] I l.112 iltld 113 by 8Uuk ,u,J matrix k-Vt-1. ___ ......;,....;... __ _ ~tuden,~ who do nat ha,·, n 111111rix l,v,I

~oold be con~idered 251. This 101al $lmuld --------~'<!Ual uU l'Tt from progran1) 111. 112 and 11 c\ ~bov~.

.l

Tullll FJ'E wllh E.'ffi Se!."'1-___ 4"-'7.c;;..3 .... l __ _

2017-18 BIISC!Fundmg

IWl"TE" BSA x l>CUl

$

$

$

$

0.0000 Addlllooal Ba,~ funcb .,..;;.$ ______ _

3114-\37 TotaJ llat.'f Funding ._l $.:.... __ ....;l;.:;/J.;;l,;;:S.S:;.4.;;8_.!

M11tTl.1! Guarunt\!41 Ptr Gnde ·~Yl'I L-1 Studtnt

PK-3 lSl $ 992 $ 111,570 PK·3 252 $ 3,l03 $ l'K·3 2.1113 $ 6.535 $ 4-8 lSJ s l,112 $ 31,803 ~ 2!S2 $ 3.323 $ 4-$ ID $ 6,656 $ 9-U lSl $ 791 $ 9-12 251 s 3,002 $ 9-Jl 253 $ 6,335 $

Tntal ESE Guanntcel $

3A, DMde school'~ UnwelJ:hted FTE (lJFTK) (olal tompuled 111 Senion l, cell C:27 above by lhe dmrict'~ tol41 UFTF. to obtah• school's l?FfE ,ban. Charter Sdiool UFTEr ~.00 ~ District's Total UFTE: ~

" U.3926'-•

3B. DMde school'~ \\l~lecl FTE lWF'FEJ IOI.Ill (Olllpllt~ i11 Se(llon 1, cell E37 abon1 b)' Uie dislrlct's 1otal WFTE 10 obtain school'~ \\.1''TE sbart, Charter ~hool \\1·TE: .'114-.35 ;- Dllitrid'1 Toi.I WFTE: ~

ft,31MM,


,~...-"""'-· ._.,A(;-,.nay l•&F~fP W'li,.,ll".,1's ,"11tC&r.E:W1:rn711 1~,'1 ?01' ·~'.) p...,

4. Supplr!lllln1•1 Acade1uk l1Utn1t1iun tUFTE sb1trt>I lOO LO\l'l'SI PNfom1lng SdlDGL~ Allocalion

(hi

(dl 19,.~7,611 r.

C'h.u1~1 ...-h,ml, 1>11 lhe liM nf .lOO lrowrn 1~rlilrminr elnnrnl111) ,,·hool, ,hi>nld ,~m,~cr 1h,i1 ~,...h,,...1 di<Oiri $rnn= 10 obtain :icklitii•nnl Cum 5. Disttetlom1r, MID»gt Con1pfe:l'sl11t1 AIIMitJon

.7411!\flllsfllFTEshare) lbl II i 0.3926',e-_$:::.._ ______ _

6. Di~ital C"JIISSl'OClffl~ AUorntion (UlrrE share! lbJ(rl 1.942..160 x 0.3!126% ..L_ ___ ~

7. Sar,, !!irlu,oli AIIO('aClon 1l TfTE share) !111 J,6311.1153 lo: 0.39Ui% $ 6,403 Ii. lnNlructionql :\ioterfals A.llonilloD Wl'1'F. llh111'C!l (bl 7,281,759 1 0.3Y26~ _s _______ 211.5118

Dual l!.nrollmtnt ln,t!'U.ctlonnl Matrrtals Alloca1ion m " ESE Applieallons Allocatlon: $

II. l>edinh1g E.nr11lln1ent fWFTt lihattl fcl u l. 0..3846% $

Ill. Sp111-sity Suppltment (WFTE share] It) II ,: 0.3846~ $

11. Rodina, Allocation (WFn: marcl CC) 4,ffl.6112 :( 0.3846~ s 12. Dlscretlonaey 1.-1 F.llort IWFTE ~lmnel IC) 511,948,859 l( 0.384fi"'k $ l3. Prorallm to Funds A ,..uabte (WFTK share) )c) 0 l( 0.3846% $

I .I. Distrttfonary l.ollfr1 (WFTE &bllffl jC) t,557,106 x 0~~1146"',i,. $ 5,989

15. ( 'loisl, Slie RN!uc1ion Fuml&:

Wt!l.bSd m; lll9l ltw11dw A!l1H.ml X ~ X t\llorJl112!1 (!!dO~ PK ·l 150.6175 l.tl0711 1.317.(IJ ll!.241!1

4-11 22.1,7~1l 1.00,9 898.36 --~ll 9-U 41.GOIIII l.tl079 900.53 = 0

To1111 • J 384.3417 Twl C.1u~ Sf~-ec Reduction Funih $ 415,7118 ,~rr,wl FT£ J'lmurd eq11al t,,/(II in St',:timr J ,y,fumll 141 ,111, { J/ir,11/d 11111111d111J.· o,w addirimi.11 FTEJro,,, Sr,~lw, I !

I~ Sludmt Troniportatlcm

t "'", \II \<IN•i.tl I ,uuhahl, I

I n,., \ll .\ttlll'lwll • ,1 1

17, hder.llly Cooneded Studft'lt Supplemmt

· Jmpa~l Aid Studenl Typt

~filillUJ nnd ll1dl11n l.11nd~

Cl\·llh111.~ on Flderal I.and~

Stodents .-ith Diliabilitlts

Total

chJ

" ll

l711 ...;S-. ___ _.:..M.c.:;.3:c;'~8

l,l'n ...:$~------

l111p111:t Aidl' li:Mtmpt Prop~rt) Student

Allllcation AJloca1!11n SG,oo so.oo _s _______ _

--·--- S(J,IMJ $0.00 -'$'--------~~--~~~.~~~·00......,..;S ________ __

Is - ] 18. filerlda TcHhe" Cl11.,~rlMlm SupplI At1ialallff Pnignm

19. t'ood Str1i1?e Allut•tfon _$ _______ _

l'oM .. $.....,--.,.;;;;1.4;;.!Hi....,,114,..ll,.,

Allilct "'!IC -I W .3


1!~• A~han,uAc•dfM.r t..tt FrFr Wl'lrti•"•W: 171tt'i5RfW IT'C)'1:: 1,,.-&,,1 '4"-1~ P1.f

Re,•enue Estimate Workshl'et for Athenian Academy Charter School (Lee) - FY2l lla.'11:d 11n the 2017·18 FEFP Fim C.'Qlrulritlon

SchCIOI nirtrid!

1. 2017-18 FEFP Stal" 1u1d 1..-1 FundlnJ B~i.e S1uik111 Alloca1io11

P!!!!ram m

101 &sir JU JU B>,~t K-3 ,rJlh F.SF. .!ler-\·lc4'.\ 10:ZBridc4--8 I 11 Basic 4-8 witl1 ESE Servlm 103 llaslt 9.12 l 13 Bask 9·12 ,i·ltb ESE Se1"1im! 2.~ ESF. l..t"fl 4 (f'mldt lnrf PK·3 l 2."4 £SE J..e,-eJ 4 fGl'IMh u~el 4-ti) 254 ESI! IA!l'el 4 (Gnule u~,, 9·1JJ :!SS F.SI! Le,-e.1 S tGrde lntl PK·.f l 25S ESE L-evel s rGrtfdt uni <l-8J lSS ESE Level! rGrode Lffel M2i 130 ESOL IGrtrdt uwl l'K-.l) 130 ESOl. (Grnll1 l~1-,( 4-11) UO ESOI, (Grodi i.ll'f'l fJ..I ZJ JOO Career Education tGr«des 9-)2)

Totals

l,rf

,, .. 1'111·, ... f"li .... .. I~~-<; llJr.

~17.Mt ii.lo.Ill: t<.!11\ ,!!m1

··------)'I?~

~·-~ ... , .. 546,0(1

Dmrkl C'Ol<t Oirferenti.11 J.t1(>79

2017-18 Program Weight"6FTE D~Fu11dlJlg

Cost Factor (1),nJl (WFTE x BSA~ DCDJ (!) [(I (5)

1.107 171.1606 $ 729,471 U07 47.8124 S lOU.11 I.OOfl l37,6000 S J.006.750 l.000 f,G.OOOQ $ 279,653 1.001 0.0000 $ t.001 0.0008 $ J.'111 0.0000 S J.619 0.0000 $ J,619 0.0000 S S~Ui o.oooo I S.SUi o.iiioo 5 5.526 o.iiiioo ' 1.2Jl 20,9434 $ 88,741 l.212 31."611 $ tJS,576 l.lJJ 0,0800 $ 1.001 0.0000 $

516.Slll $ 2.44l.823

L\'lter, In l'urcnlll- Rterter 10 Nute,; at Bot10111 or Work:ihffl:

Addidonal. fTE I•!

1017-18 8-Fundlng

(WFTE s BSA x Dt.:D)

.l.

Ad,-anted l'llleen1e11l

lnkrnatlonal B11ff8.loureele Advan?ed lPlt!malional t.:ertil'lcale

lnrlustr, Cerl.llled Career Edu,11tion

Elrl)' High Sthool Gradualion

8111011 Dbltri.tt ESE Sup11lemcut Tot1I Additional FTf:

To1al Vuaded Wtlahled FrE

ESE Gu11r11ntt~ Allocation:

·' ~ ;1; Additional Fundinr from lhc ESE. Guu,11n1rcil AUU\.al1on. Ell!cr lhc: F1'E hum 11 I , I 12 mul 113 b)' ~111w a1iJ matti:,, 1~,-rl. .. ; i Srndcnt, who dn nnJ hun A mn1rh IC!Vfcl should be eon~idcred 2S I. Thi~ 101nl should equ;,I ~u l"n: lrom PNl!!r:llllS I 11. 112 ~nd OANt II.~ abm'<!.

Total FTE with ESE Senic~ 109.211

$

$

$

$

0.0000 Addllioual 811'.n' Funds ...... $--------, ~o.S.232 Total BIISr fu111,llng .. I s ____ 2 ... ..w_2,11_. _23_.I

Matrtx Guarantff Per Grade 1.ncl l.evri Studtnt

PK-3 251 $ 992, $ PK.·3 152 $ 3,283 $ PK·3 253 $ 6,5'35 s

4-11 2!11 $ 1.112 $ 73,391 4-11 252 $ 3,323 $ 4-8 l53 s fi,656 $ 9-12 251 s 791 s 9-12 lll $ 3,00l $ 9-U 2S3 $ 6,335 $

Tatal ESE Gnimintl':t:1 $

.lA. Dhidc school'5 l!nweldited FTE (tlFTEl loud computed ,n Se<'tiOll J, ~ell C27 above by the dl~rld's total UFTE lo obtain 5Chool's UFTE sho.rc, ChanerSd1ool UFTE: 546.CIU + District's Tol:.11 l.lFl'E: 9l.'71ll.5ll

:: t.98119~,

38. Divide 111:bool's Wcight'11 ll'fE !W1''TE) tolal romputed in Section 1, ceJI £37 abo,-e h> tbi: district's total \VFJ'R to obtain school'~ WFTE shm,. Charter Sdiool W}"TE: 576.52 t District'• Total WFTE: ~

O.S'7till'.i


1•111t- ll.lA1':111~A~nr l •111 FtJ"F ¥lNl~"-t11.:tt 1tu{·s~rw ~1071.~ '114•10~7 ,4 ~ P._.

-', Supplemental Acudemk lnltrortlon IVt'?'li shar,;l 300 Lowest l'erl'omtina School~ Allocation

O.Sffl% _,S:..._ ___ ...:1:..::1;::.$.:.:.ll::.:6:.. $

C'han~1 s~hool~ on the liM nr .\Oil lc,wc$• prrf11tminr ~lt-mo::'llnr\· <cl>nnl• .•hnuld (Olll:it'.1 1htir sc.·hnol ,l!,Uirl ~;,onsw 1" nhlain nddir)on~I fun, :-. Dllc:rmanury Millage C0111prrssion Allocation

.7411Mills(UFTErbarrl tbl U x 0.58119'i\._$,...._ _____ _

6. Oiitilal Cl!W!l'OOBIS AUooition (UFJ'E Sbllrt) lb)(e1 l.94.2,1611 ll ll.5889% $ 11.437

7. Sar" Sdtllfll~ AUDC'llfiOft (llFT£ ilun") i bl l.630Jl§3 Jo: O.S8ff9't $ 11.604 . II. ln.~trnciliiual !\f111erlals Allonillon 1tlFTE ~ban,t tbl 7,281,7!!!1 :;; O~"lll89'ii, I 41.Bll

Pu.i F.nrollmtnl Jn5tnac:tlon11I Matl!riaJs Alklmlhm m -$--·----ESE Appllailion• AUocalhm: -,----------

JI. Duliru1111 EnroUmcnl (Wll'TE ma1-.e1 IC) II " 0.576!1'i:, $

Ill. Spanlly Supplmil!Dt tWFTE slutrtl fCl 0 II: OS161J~. s l l, Reading Alloc:ation (WF'T.R mart! /CJ ,l,083,692 ll" 0.!-7.Wq, $ 13.559 J?. Dlsm!tlonary l.oeal F..fl'on IWFl'Efhan-1 {CJ 58,940,1159 x 0.5'769% S 340,631) U. Proration tu Fund~ Avallabfr (WFTE Jhlln-1 R! 0 x 0.5769% $

1-S. Olsl:n:tlonai,· l.onl'ey IWFTIC sfuiffl It) l.S~.J06 " O.S769'"k $ 11,93.~

15. (!111111, Siu RNh&ctlon l•'umb:

\\'t)IIJlt'd m 1110• l1!£1udlg11 a.dd::Slnt x ~ x 4llocal!f!l! {astn[li PK·J 240.,Z64 1,00'W 1.3)7.0.1 :s JJ9.814

4-8 33s.5968 1,0079 1193.36 303,8118 9-12 0.0000 J.007'!1 900SJ 0

To1111• ! 576.52.U Total CJiu5 Slic! Reduftlon •'ul!d.~ $ 623,till2

r•T,,111/ F1't: .,lw11l,I t'f{lllll lnwl ilt Sr.:-tit•IJ I. (Y,/1111111 NI mu/ ~lwultl ""' ind11,I,· cn11· 11d1li,,.11PiJI FT£ (rtmr & .:,irm I I

JII, ~'1udrnl 1'r1111Iport1ticm Ill.I I ,,1,, 'II \tlhM•d l 1md .. 1tt. ,t,,. ·, .

t fth ~ \,J11hlt1' ! '-t ltnl, 1°·

17, Ft"dernn,, Conmcted Stuclml su1iplenm11 !hl

lme2c1. Aid Student T2:1!! , wmu ••I 'hld~m· MPillUJ ,net Indian Litnds

C'h'WAtls 11n Feden'IJ I.and~ Stud,nl.5 w·ilh Disabililie$

TGtal

18. t'lorid11 Te11thl'r. Cl11fisro~m foluppl) Aulstonct Program m lj) 19. ••ooct Srrwk°' Alloc:allon

" 3711 $ Sl,597

x 1.:u1 $

lntplltl Aide btmpt Pniptrt) !!>'tu dent

Allocallon All.11taUon Total

so.oo SO.Oii $

$0.00 $

$0.00 $

$

i_ _____ _

s l'ulllt .. s ____ ...,.3.,.,785.,.. ... ~ .. 5'!1.,.


~f\ft A~-.., ...... i: ~~fr,,. ln U:~P WOtt:\MPI.~ , 11 l!C&F:ew f1U'l1 t." M4.~J0 7 1,10 Pll'

Revenue Estimate Worksheet for Athenian Ac:adeniy Charter School CLeeJ • FY22 Based on the 2017-111 FEFP First Calculllllon

School District:

l. 201'1-!8 FEFP Stat~ and Local Funding 811~, Student Allocmiun

rl'(l2J'lam

--m~ th

Ul B•slc K·~ "''ith l~F. s~n·I= tll2 Basic 4-8 112 Bask 4-R with ESE Senlcn I 03 Dllllc !1-12 113 Dasie P.12 wllh ESE Servi«~ 254 ESE Level 4 (Grad, i.tt'tl l'K·.t I 254 ESE Level 4 tGrcr4k uv~l 4-8J 254 ESE Le,'el 4 (GrtUI, u,,,f 'J.J 2J 25! ESE Levtl 5 i<'rlYfflt Lnel PK .. , I 25~ ESE Levtl 5 /(',rodt IAvel 4-IJJ 25! ESE Len! 5 (Grade Lnel !l-12,i JJO ESOJ, (Groat uPrl PK.JJ 1:W, F.SOI. (Gmd~ IA1~J ,l./tJ

130 ESOL {Gmdt1 uw-1 IJ.l l}

.300 Ca~r Education (Grad~ !1-ni

1'otals

r:-, •. -. l '

,,

728.00

D1mic1 C~1 Differential I .fl07'1

2017-18

l"nl!lf'lllll Weighted J,,-J\ Ba.'il: Fundln~ ~F•d•r fl) ~(3) f\\1''TE x BSA x D('l>I

( l (4J ,!, 1.10'1 .Ull.5475 $ 97l,630 &.107 63.7632 $ 270,175 1.000 316.8000 $ l,34.2,33J J.000 88.0000 $ 372.170 1.001 0.0000 S 1.001 0.0000 $ 3.619 0.0000 $

- ...... _ ....... _______ 3.61' 41.0000 $ l.61!1 0,0000 S 5.526 o.iiilifflS 5.SUi o.iiiioo i 5.526 0.0000 I 1.212 27.IJW S 118,321 1.2u 42.6624 S 180,767 l.lll o.uooo $ 1.001 0.0000 $

768,6976 $ 3,257.096

Lrtll!r, In ParulhfffS kd'er 10 Notes 111 Bottom llf WGJ'ksl11!flt:

2817-18

AddillO!UII FTE (D) Ro.re 1-llndinit

(\\'FT£ ,c BSA x DCUi

1.

Ad-..anced Pl11,enltlll

lnteoi:.tloual Battal•ureatc

Adtanted lllterm1tio1111I Ctrtilicnte

Ind11stl)· C~rtilird C11reer Eduntlon

Ew1) High Sthool Graduation

Sm.ii Dislricl ESE Supplmient

Tet•I Additional FTE

Total Fu11dlld Wd~hled f'TH

F..s•: <,uauntetd All°"alion: • ---...

Addilional Fundlni from 1ht F..SE Guar.mtced AJI0<:1ttiun. Enlcr tile FTn hum 111,J 12 an\l l 1.l br 1r.ulr. alll.l ma1 .. h lcwL S1udcnL• who do not hnn n rn;nri~ lewl 1hauld ~ tamidertd 2S I. lhi \ l\ltal ~hould rq11,1J all Fm f1om 1>J<[email protected], l I I. l 1l :1ud 11.1 .. t,.,w:.

Tol!ll FTE with ~H Senicl'S 145.6(1

$

$

$ 0.0000 AdditlollDl Btu,~ Fm1ds ,...s ______ _

7MI.Ml7• TOlnl JJa~r fo'undlng ._I .;..$ ___ ..;.3.l!;...;..7 ... .1196.;;;..;;..i!

Malm Ouan1nlrt• l' er GnidtUYd Lenl St11d~11

PK·3 2Sl s 992 $ 1'K·3 ui $ 3,103 $ PK.J 253 $ 6.i;.35 $ 4~ 2SJ $ l,ll2 $ 4-8 z.q s JJi3 $

117,156

4-fl 2SJ s tS,656 $ 9·Jl 2Sl $ '791 s 9.12 252 $ J,002 i 9,.)l 153 s 6,3.'5 s

Toial ESE Gu•rantee! $ 154,99s I 3A. llMdr ~ool 's Un'lteighled FTE !UFTBl cotal computed in Sttlion J, coD C27 11bove by lhe dllltrid's tolal llFl'E lo obtain !lfllOOl's

UF'flo~ ~111-.. Chart,r School llfll'E: U IUMI ~ District's Totrll UFT£i 112, ?lll.!11 11.7852' ,

3B. Dhidc aool'$ Wtij!/lled F'l'S 1WFTE1 tol!ll oomputed In Section l, t"dl !3711.bo,·e bJ lhe district's total WFrE lo oblllin sdtool's WFTH matt. Cl1arwr Sdtoul \V."J'E: 7611.70 + Distrltt'~ T11111I Wl''TE: 99,9!3.89

.. 0.'7Mll',

All~Chmen! W -5


r,, .. A.1,·l~"',. A~wm" L•t: ,en:: WtJ·~,.f,. 111ecim:.w ,,ur1-:i '::'',A:2tn-; 4)4n PJJ: ·

4. Su11phm1l"nl»I Aatdl'lnk l!Uilt"llctkia (UPI'!! ~h•rcet tbl l!J,!i47,l'ill O,Til!li.2~ $ 153,'HS JOO l.owest l'erfanuinit Scl,ool~ Allol'IIU011 idl _i::;.'--,-------

Choiwr 1,rhonl~ Im lh• H~1 nf ;illll lo"u1 th'tint1m11y ~Jcmcnmr~ ~chonl~ ~ho11ld col\ltlC1 tl1<'iT ~,·hc'lul d~1rk1 ~pnn~r I(> olilliin nddi1ionru liin, ~- Dlsfft'tlonary Mfllage C11rnprfflloo AUll('lltilln

.748 :\tills (UFl'Es!i:il'l'} (bl ll x ll.711Sl'H-'$'--------,. Digiua.l Cla!i!irooms .\UOQlllon (tlFTE sh11reJ tb)(t) 1,941.160 x 0.7851~ !, lS-"0

7. s11re S.:hool~ AU-tion illFTE 5fumi1 (bl l.'3~ ) 0.785l% $ 12.ROS IL lnstnit1ion11J M11ltri11ls Allocation 1l'.F'l'E Jil111tt f (b/ 7,281,759 ~ 0.7tl!i'l«:t $ !i7,l76

Dual F,nrollment lnstrudfonal Mar,rials Allotatfon ,,, -$--

ESE Applicall11ns AllGCllliou: $

'J. DedJnlng Enrollment iWFTE sb.'IN'l 1CI 0 " 0.76Yl% $

10. Spanlli, Suppleml"nt (WFTE shareJ ICI u " 0.7692%- i,;

11. R11ading Allocation IWF'ffi slul~J (CJ 4.o83,tilll " Cl.769l'k s ll.41.2 12, DiRr~onary l.ocal F.fTon iW.-ri,; sbafc!) (Cl 58.'401859 'f 0.769?% $ 4.S3,.,73 13. Proration 10 Fund11 Available.> tWFTK lh11re1 fr.I 0 :t 0.7(i91% s 14. Discretionary l.ottery 1WFTR 5h8TI!I (cl l,5$7,)06 It 0.76111% $ 11.977

15. t:liL'., SiJA, ltedudlon Fund~:

!''!11bt!!! [DJDnt iJ!!ll!!dlDI jcld·QII X ll£ll X &11!!£!!!lt!!I [art!!!! PK·:\ 321.2.~2 l,0079 l,~17.Gl = 4.26Al!t

4-ll 44Vl624 1.00711 8911.36 --~~.1~ 9-12 11.IMIOO 1.0f1'71J 900.53 (t

To1111'-! ?611.6976 Total Cia'l.~Siie Rfdonto11 Fund~ s Ul,5'17

(0 1'owl FTE shm,ld cqut1i ff1111J 11• s~C'tic,,; 1. L'<-l1mm 141,md s/l(>u/d 001 i111:ll«i~ 011y 11ddi1imu1/ FTE lr(;,11 Sec-,;,,,, /._)

16. Siudrnl Trun.~portation (J!I

f f'lh • \b 'ii,f,,, • ._.,,~ f 1•Ul1.-.. blt ff:fch •·-------.' ..;.; ___ _

t , ... •· , 11 \ ·lm,1 ... 1 t q 11, .. ~l , ~-~-~-~-~

17. hdl!tlllly ColUIN:INI Student SUj>plement

Jmpad .\id Sludenl T"(!f

Military and lndhm l..and~

CMliMn.~ un Fvdttal I.and~

Studt'nb "·ith Di-'1ilili1!$

th)

~~--~~~~~~~~----~---~---Toi.al

11!. H1nidA Teachtrs Omisroon, Supply As$ls1anec1 Prol(mm

19. Food Ser'l'kt Alloc•llon

Cll 0)

Enmpl Prupnl) Allocatlcm

$0.00 so.oo

:1111 _s_· ____ li;,;.s;:...1 .... Hc..

lmf"ld AidP StudHI

Allo"'lfon Torn!

SO.GO $ ·-----

$0,QO '·------50.4141 S

I$ 1----~--·-

$

T111a1 ... s.._ __ ..._s ... o.t ...... 7.9-1 .. s..,


1lw A""*"'IA!l Ar.lldlin, l ff JM1t,; .Y1iii>1hflt:~, 11fl(:SP.f:IN tffiJH. 7.'l4'1tl1i 4:4t Pll

1.

Rnenue Estimate Workshee1 for Athenian Academy Charter School (Lee) • FY23 Rutd on the 2Gl'1· 18 FEFP Fint C:ilcul111ion

School l>lsfrnl: 1. ...

24117·18 FEFP Stat~ and Local Fundini= Bw.e S mdcm Allocation M.2113,9.5 DiJtnct Cost Oifferw1i:il I .Oo7'>

2011-18 Prognm Weighted flTF. fl1m• Fu11di1111

Prol!r.im " 11! Cost Factor Ill x (3) CWFTE i. BSA J DCDl cli (]) (4) (!)

101 lhwrl-..3 l,l07 344.3113 S I.453Jl4S 111 B•sk K·3 wltb F..SF. Ser\'kes l.107 95.6448 S 405,2,2 102 Bask4-8 . 1.(ICIO 475.2000 S i.013.4~ 112 Barit 4-8 ~·Uh ESE S,nirt11 t! ,t. 1.000 132.0000 $ S59,305 103 Bask!J.12 1.-001 0.0000 $ L 13 Bo~lc 9·U "·ii.II ESR Sl'l'Vl(e~ 1.-001 0.0000 $ .2!i4 F.SE Level 4 (Gnui~ Lm,I PK·3 .1 3.61~ O.OQOO S 254 ESE Level 4 (Grad, i..n,14·8) 3.611' 0.0000 $ 154 ~"'E Lent 4 fGradt Ltul 9,JZJ 3.6)9 0,0000 $ 2!15 F-SF. Lt-vtl 5 1Gr11d, Ltvel PK·.~ l S,526 n.nooo s 2S5 ESE IA'-el 5 (Gnrd, Lml 4,.8) S.SZ6 0.0000 $ .2!15 ESI! Lcnl 5 ran.th Lml 9-J2J 5.526 o.tiiloo S 130 F.~"OL ,arrut, I.A~f l'N..JJ •• 4• l.112 4l,8SIS7 $ 177,4111 130 ESOI, lGrodc i.A1't!l 4,S_J 1! 8f; l,2tl 63.9936 $ 171,151 I~ f'.SOI. (Gmde wrl 11·12) fl.+111 1.212 0,0000 $ JO() Cu~r EducaUon (Gradts 9-llJ ,._,.,,

l.0111 0.0800 $

T~ls HJJ.00 11S3.CM64 $ -4,885,60

L!l'lten 111 J1un!iitfit"5 Rdt!r tu Not~ •l Bottoni of Worksheel:

,11nl11u 1,1 J fl· 2011-111

AddlUoual FTE ta) Bast' Funclinn

(WfTll i BSA s l>COI Acham:,ed Placement

l111,n1111ion.al Blltt11hwre:iw

Adv11nced lnleroalianal CttllUcate

ludus1i,· Certified Career £du~tion

£11riy High Scliool Gt11duallon

Small District ESE Supplement

Tllfal Additional fl'f:':

Tutal Funded Wlllgbml fl'F.

tu Add1timrnl Fu1Kling from the ESE

Ouua11tci:d Al1U1:aliun. l:nr« !he FTF. frnm --------111. l l 2 uml 1 ll hy 1,t1'lldc und malril< lev"I.

Swcfoni. who dn noi ha,t a malrix lrvtl - - ----·--•hould be conmd,m:d 251 Thi, 1oial ,hould -------t!(JUill all 1~1 E frum progr•m~ 11 J 111 and l 1.\;,bon

Tnlal F'TE wllh KSE Sel'\i~ llll.40 --------

' $

$

s 41.0000 Addlllonal Batt Funck $

lt5.UMM 1'o!al llas11 t·11ndlng ! $ 4,885,643 ! M1trlx Guarnnltt Pu

1;rnd,Lenl Lnd Student 1'K·3 251 $ ~l $ IIS,70Y PK·3 2S1 $ 3,203 $ PK-3 2S3 s 6,535 $ 4-8 2!il $ 1,112 $ 146,784 4-11 251 s 3,323 $ '1·8 25! $ 6.6!6 $ 9-12 251 $ m i 9.1,2 252 $ J,IJ0.2 $ 9-12 :in $ 6.335 $

Tolal ESE Guarunteel S 132.4931

3A, Dhide achoal's U1111·eighted •TE (l'l"TEl totn1 romputftl in Section l , nD C27 nbo,·e by lbe d.lstrid •, total UFT£ tcJ obtain l!Cboel '~ l'FTE sI1a111. Chuter Scbuol UFTE: 1.U,J.00 + Uirtrkt's Tutul llF"l'E: 92.719.511

un,r:.

3B, DMde school'~ Weir,bted FTE IWFTE) toL:ll computed in S~cUon l, (ell E37 abo\c by the dlstrkt'ir t11111J WFTE 10 obtltin school.'s WfTE ~hllR- Charter School WFTE: l,U!.O~ -. U~11l'lct's 1'otal WFTE: !2,lliJ1

un11q

A1tac• ~cr1 w.e


1 :'It A~1"'1\ ~.F •--'ff ff.FF WOfl._Uk'l1ttt.17U!if;~fY.t ;707p 1,•,1:2e,~7 ..C'.1':°J "'"

4. Suppwnwnlall Ac11drmlc h1so·udlo11 (Ut,.F. :;luirt-1 lb) 19.547,l'iH ~ l.l771<q S l30,1U

300 l,nwt>~I l'erfortnlftll !lthoot, AUDt.:llion td I _t ........ .,.....-,---,----Ch~c•· M:hnol< nn lht li~c nf 300 lnwe~l perfonnini: clrml"l!IR~ ~,hnnls •h1>11ld ,"<lfltils't lh~II" ~ ... hn<>I districl ~po11so1· rn ohmin nddicion~I fun,

S. Dlscrd.101111r,· Milla!l'" C11mprmfon Al~1ttion

,74R Mlll~ (llt"fti: sllanl th.I O :t 1.1771<"-i-_$=-----------6. Dlel1al aassrooms Allc>t:atlon (l!t""fE ,h11re1

7. Sare SclM1ob Allocation !Un'£ ~11r~)

8. lnslructkmAI M11tcrtal1 Allocation tUFTE shm:cl Dual Knroftmmt lnslniciionAI Matertalli AIIOC11tlan ES£ Appllcalions Allonallon:

!b}f,1

(bl

th) IC)

l,94l,160

J,(i30,8S.\

7.2'11,759

1.1777~ _5 _______ ll.ll-'-_73_

1.1777~ S lll,207

1.1177% S ,.~,ID.. $ • $ ·----

Chunu xch<lol, ~houkl comni;-1 1h~i1 6th\1uJ d1~1ri~t ~pn11~01 1<.'gJl'dln1, <'lif1b1hty Jlld dfst1ib11tam of b!lE ApplirnU11n~ fond<.

9. DecllnJng Enrolbnmt (\VFTE shaul (c"! 0 ,. J.15311~ s J(J. Spandt,.,· Supplement (\UTE share) ICI 0 ll: U538'k S

11. l<tadina Allorallo11 ,wrn slu:an:) Cd 4,0ll3,6!,ll x l.1538<,l. $ 4?.Uil u. Dlserctlon1r,- l,oail F:tton IWFT~ sbatt) c,·J 58.940,859 x 1.1538% $ '80.1166 U. Proration lo (o'wid~ Mailable (\\'Ff'F. thPrel ,~, 0 ll: !.15311% ~ J4. Dlsttt'lionary l.ouer:,- CWF'f'K sJ111re1 ICJ J,55'7.106 1.: I.ISJ8o;$, $ 17,966

15. <'luii SI,.«! !Qdur1!0111'undM

w~1etJ1E!I Em 1uo11us!!~l!l1 ~1111..cm1 x ml! X All!?S:!!!l!!D (!Emil PK·l 481.11!!28 J.00711 J,lll7.03 = 6311,6111

4-8 671.1'36 J.OO?Y 11911,36 607,737 9-12 0.0000 UM)79 900.53 II

Total•! IJU0464 Total ChL'IJ Size Rflludio11 Fund~ $ 1.247,365 (•T"t"l rfE ,tl,f'l1ld eq11ol M,1I {11 Stc11n11 I. n•flr,1111141 uml Jhwlil 11rn 1nC'l1ttlr lill\' nddt11mml FTli Imm St!t'Itoll t J

I ii. ,litutlei•t Tr:,nsporhllion 1111

I •·le, \II \dttt,i.,1 f 11mt,,1,b rt,,t,., ·-------------• ,, ... ;11 \,.,,, •. ., ., t ,t m,1~,- _ _ ___ _ ----------·-

17. federally C<m11ected St11d4111t SuppJ,111eiit (h\

~IIUlpl Pnap"1Y Jmpntt Aid S111dml T)'P!

Mlllt11ry und Indian I.ands

CMli•u~ on Jl'lldcnit J,andj

Stud~lt$ wilh Di11bllltle.oc

Tolal

-------tK. Florld11 Tc11chus (1asi;roon1 S11pply Assi~lllm:to Pru!(nm ti/

19. Faod S~r,·ltt Alloaition (j)

Allomion

so.on Jfl.1111

m "'$..._ ___ ..:;1 ... o~::.:.·1::.:.11,4...;..

1,377 -"-· ------

ln1pat1 Aide SIUdtnt

Alloation

so.oo $

$0.(JII s $0.00 $

$

$ $

1'ot11I ~ 7.5'1Ullll


ATHENIAN ACADEMY CHARTER SCHOOL (LEE) OPERATING BUDGET

RSCAL VEARS 2019 • 2023

FY19 FY20 .Em FYg2 Em

ENROLLMENT 182 364 546 728 1 092

FUND BALANCE, BEGINNING 3,697 41.998 120,690 469,809 1,107,216

REVENUES FEFP 1,231.223 2.474.763 3.771,799 5,054,210 7,619.,92 In Ktnd (Greek Teacher Salaries & Benefits) 42790 93,2~3 ~44,496 173,948 179,266 In Kind (SFS) 13,964 Donations - Lemonia Poumakis Scholarship Ful'ld 500 500 500 500 500 Capital Outlay 136,500 182,000 273.000 T ran$pOrtat•on 17, 199 34,570 52,114 69.833 1051273

TOTAL REV~NUES 1,305,675 2,603,046 4,105,409 5,480,491 8,177,231

EXPENDITURES INSTRUCTION

Classroom Teachers 444.000 921.428 1.411,217 1,890,170 2.735.820 Spec.1alty Teachers 3i,OOO 76 786 159,010 205,453 254,495

T01al Instruction Salaries 481,000 998,214 1,5701228 2z0951623 2,990,315

Retirement 59,893 94,214 125,737 179.419 Payroll Taxes 39.254 a1.2n 127,588 169.954 242.084 Health Insurance 31 200 63.024 96705 126,109 176,070 Workers Compensation 4,810 9.982 15.702 20.956 29,903

Totaf Instruction Benefitt; 75,264 2141176 334!209 4421757 6271476

Contracted Services 11 830 23.897 55,697 75,006 113,634 Travel 1.300 2626 4.029 5,461 15,089 Supplies 7.260 14 665 28,816 38,296 57,199 Tex1books 36,400 40440 44.558 48754 90,907 Furniture and Equipment 126 555 111362 38,565 51,932 Computers and Software 13.650 86.870 174.170 132,585 168,985 Substitutes 7,800 __ 1_5.756 23,937 30,906 42,723

Total Instruction Other 78,240 310,809 442,370 369,573 5401469

Total Instruction 634,504 1,523,189 2.346.807 2,907,952 4,158,260

PUPIL PERSONNEL SERVICES Guidance Counselor 821181 84_832

Total Pupil Personnel Salaries 82,181 841832

Retirement 4.931 5,090 Payroll Taxes 6,665 6.868 Health Insurance 4.945 4 .995 Workers Compensation 822 848

Total Pupil Personnel Benefits 17,363 17!801

Supplies 1.so, 11!363 Totaf Pupil Personnel Other 7.501 111363

Total Pupil Personnel Services 107,045 113,996

STAFF TRAINING Contracted Services 4,667 13,635 21,167 28,848 39,283

Attachment X.,



FISCAL YEAR$ 2019 ~ 2023

FY19 FY20 FV21 FY22 FY23

SOARD legal Fees 5,000 1,000 1 000 1 000 i 000 Contracted Seivices Audit 7,500 7,575 7,651 7 727 Travel 3,000 3.030 3.060 3,091 3.122 Insurance 26000 26,260 26,523 26,788 27.056 L1censes & Fees 2500 2,525 2,550 2,576 2,602 District Fee 62421 86.172 87,544 87,982 88.421 Contingency 23.376 47,772 731685 99,325 150,615

Total Board 122,297 174,2.59 201,937 226,411 280,543

SCHOOL ADMINISTRATION School Leader 60,000 61800 63.654 65.564 67,531 Asst School Leader 53,045 54636 56,275 Middle School Dean 49,173 50,648 Aclmln Support 26,000 42.016 42,436 42"861 43,289

Total AdmlnistraUon Salaries 86,000 103,816 159,135 212,233 217,743 AetirP.ment 6.229 9,548 12,734 13.065 Payroll T exes 6.957 8,509 12,930 17,181 17,602 Health Insurance 4,800 7,272 9,793 12,364 12.487 Wi;,rkers Compensation ~60 1,036 11591 2,122 2.177

Total Administration Benefits 12,617 23,048 33.862 442401 45.332 Travel 1,000 1,010 1.020 1.030 1,041 Equipment Rental 4,200 4 242 4,284 4.327 4;371 Postage 1,092 1.103 U14 1.125 1,136 Advertising 4,500 2.500 2,525 2,550 2,576 Supplies 6000 6,060 6.121 6.182 6,24,4 Equipment 3,500 2,121 2.321 2,524 911 Software __ 1.5Q.Q. ___ 909 -~ 1,082 390

iotal Administratlon Other 21,792 17,945 18,379 18,821 16,668 Total Sehoo1 Administration 120,409 144,809 211,3n 275,455 279,742

FACILITIES ACQUISITION Rents 182,000 364,000 546,000 728,000 1.092,000

FISCAL Contracted Seivices - Finance 34.394 67.849 100.882 130.000 175,629 Contracted Services - HR 7497 14,326 22.591 31,449 43_363

Total Fiscal 41,891 82,174 123,473 161,449 218,992

FOOD SERVtCE Food Service Workers 3,4n 7,024 10,641 14.329 25.327

Total Food Service Salaries 3,4n 7,024 10,641 14.329 251327 Retirement ~·21 638 860 1.520 Payroll Taxes 360 726 1.098 1 .. 474 2,599 Health Insurance 1.200 2.424 3.672 4945 8 ,741 Workers Compensatloo 35 70 106 143 253

Total Food Service Benefits 1,595 3,642 5,515 7,423 13,113 Total Food Service 5,072 10,665 16,155 21,752 38,440

Attachment X 1


ATHENIAN ACADEMV CHARTER SCHOOL (LEE) OPERATING BUDGET

FISCAL YEARS 2019 • 2023

fY1! DE FV21 FY22 FV23

TRANSPORTATION Bus Drivers 7.320 14 786 22,401 301167 45703

Total Transportation Salaries 7,320 14z786 22,401 30,167 45z703 Retirement 887 1.344 1,810 2,742 Payroll Taxes 749 1 509 2,281 3,064 4 ,630 Health Insurance 2AOO 4 848 7,345 9 891 14.985 Workers Compensation 73 148 224 302 457

Total Transportation Benefits 3,222 72392 11.194 15,066 22,814

Fuel 6.000 1~.120 18,362 24.727 37.462 Equipment - Susses 25.000 25.000 25,000 25.000 50,000 Repe.1r & Maintenance 3,000 6,060 g,181 12,364 18,731

Totar Transportation Other 34,000 43z180 52,543 621091 106,193

Total Transportation 44,542 65,359 86,138 107,324 1'74,710

PLANT OPERATIONS Custodial 22.000 22.220 44,884 68,000 91 ,573 Security 13.394 13,528

Total Plant Operations Salaries 22.000 22,220 44,!84 81 1394 105,101

Retirement 1 .333 2.693 4 ,884 6.306 Payroll Taxes 1,872 1.889 3,812 6,983 8,985 Health Insurance 2AOO 2.424 4.896 9 ... 891 12,487 Workers Compensation 220 --~ 449 814 1,051

Total Plant Operations Benefits 41492 5,868 11,850 22,571 28,830

Contracted Services 9000 13.635 17,214 20.284 25.609 Insurance 20,000 20.200 20.40 2 20 .606 20.812 Telephone 9.000 9 .090 9,181 9.273 9.365 Utilities 30000 45.450 57,381 67 ,614 85,362 Supplies 6.000 12.120 18,362 24,727 37.462 Equipment 5,000 5,050 51101 51152 5.203

Total Plant Operations Other 79.000 105,545 1271640 1471655 183,813

Total Plant Operations 105,492 133,633 184,374 251,620 317,743

PLANT MAINTENANCE

Contracted Services 6,000 1.2,"120 18,362 24,727 37,462

COMMUNITY SERVICES

Donations • Lemonla Poumakls ScholarshJp Fund 500 500 500 500 500

TOTAL EXPENDITURES 11267.374 2 ,524,354 3.756,290 4,843,084 6,751,671

EXCESS REVENUES OVER EXPENDITURES 38,301 76,692 349,119 ~7.407 1,42.5,560

FUND BALANCE, ENDING 41,998 120,690 469,809 1,107,216 2,532,n&

A1tac.hment X.1


A THENIA~ ACADEMY CHARTS! SCHOOi.. Cl.EE} STAFFING PLAf.l

Start·Ue FY19

Expet!ted E1.p11cte<t Neme Position S~lary Months Salary Salarv FrE Salary

TBA Core Teach~ 37.000 37.000 9.0 333.000 TBA G,eek 37,000 37.000 1.0 37000 TBA Spatmh $7,000 37,000 1.0 ~7000 TBA Physic.al Education 37000 37.000 1.0 37000 lnsttuctlc,nal 12.0 444,000

TBA ESE Specialist 37000 37000 1 0 37.000 Specialty 1.0 37,000

TSA Guidance 37.000 37.000 Pupil Personnel

TBA School Leader 60,000 5,000 60,000 1.0 60.000 TBA Ass!Schoo\Leader 50.000 50000 TBA Mlddle School O~an 45.000 45.000 Administrators 1 5,000 1.0 60,0DO

TBA Olhce Manager 26.000 2,167 26,000 1 0 26000 TBA Recepilorilst 15.600 15,600 Admln Supporl 1 2,167 1.0 26,000

fBA Foocl s•,c Worlter 6.95.d 6,954 05 3,477 Food Service 0.5 3,4n

TBA Bus Driver 7320 7.320 1.0 7320 Tran1portaUon 1.0 7,320

TBA Custodian 22.000 22000 1 0 22.000 Custodial 1.0 22,000

TBA Security 13,00(1 13000 Security

Total 2 - 7,167 17.5 - 599,797

Attac;ttmenl K~


ATHENIAN ACADEMY CHAATER SC STAFFING PLAN

FY20 FY21

Expected Ex~ted Name Poslt•on Salary FTE Salary Salary FTE Salary

TBA. Core Teachffi $8,393 180 6ft1 .071 39753 27.0 1,073,320 TBA 3reek SS.393 :u, 76.786 39,75~ 3.0 119,258 TBA Spanish 38.'393 2.0 76.786 39.753 3.0 119,258 TBA Physical Educatio11 38,393 2.0 76.786 39.753 2.5 99,382 lnS1ructlona1 24.0 921.428 35,5 1,411,217

TBA ESE Specialist 38,393 20 76.786 39.75J 4.0 159,010 SpechiltV 2.0 76,785 4.0 159,010

TBA Guidance 38.393 39,753 Pupil Personnel

TBA School Leader 61.800 1.0 61 ,8()0 63.654 1.0 63,654 TBA Asst ~hoot leader 51,500 53,045 1.0 53,045 TBA Middle Sc'1ool Dean 46,350 47.741 Administrators 1.0 61.800 2.0 f16,69i

TBA Office Manage, 26,260 1.0 26.260 26.523 1.0 26523 TBA Receptioms1 15,?S6 1.0 15.756 15,914 1.0 15.914 Admln Support 2.0 42,016 2 .. 0 42;436

TBA Food Svi; Wo,ker 7.024 1 0 7.024 7.094 15 10,641 Food Service 1.0 7.024 1.5 10,541

TBA Bus OrJver 7.393 ~.o 14,786 7467 3.0 ~2.401 TratisportaHon 2.0 14.,786 3.0 22,401

TBA Custodian 22,220 1.0 22,220 22442 2.0 44,884 custodial 1.0 22,220 2.0 44,884

TBA Secutifl/ 13,13n 1:r~, Security

Total 33.0 1,146,080 ~ 1,8071289

Attacnmem i' .. 2


ATHENIAN ACADEMY CHARTER SC STAFFING PLAN

FV22 FY23

EXJ)'!Cied E)(tlected Name Positio" Salary FTE Salary Salary F"TE Salary

TBA Corn Teachers A1,091 360 1,47q 263 42,416 54.0 2,290,.454 TBA Greek 41,091 35 143.817 42.4~6 S6 148.•55 TBA Spanish #1.091 3.5 143,817 42,416 3.5 "i48.455 TBA Physical Educalic'>n 41.091 3.0 123 272 42,416 35 148.455 Instructional 48.0 1,890,170 14.5 2,735,820

TBA ESE Specialist 41 091 5.0 205-453 42.416 6.0 2544'15 Specialty 5.0 205,453 6.0 254,495

TBA Guidance 41.091 2.r, 82,181 42.£16 2.0 84,8S2 Pupil Personnel 2.0 82,181 2.0 84,832

TBA School Leader 65564 1.0 65.584 67 531 10 67531 T8A Asst SchoOl ltader 54636 1 I} 54.ti36 56.275 1.0 56,275 TSA Middle School Deen 49.173 10 49,17S &o.648 10 50,648 Admfnlstra1ors 3,0 169,373 3.0 174,454

TBA Office Manager 26788 1.0 26.788 271)56 1.0 27.056 TBA Receptinnist 16,073 1.0 16073 16.233 1.0 16,233 Admtn Support 2.0 42,861 2.0 43,289

TBA Fooo S1ro Wurk;er 7,165 2.0 1"4,329 7 .236 3.S 25,327 Food S..rvice 2.D 14,329 3.5 25,327

TBA Bus Drive, 7,542 -4.0 30.167 7617 60 4!i703 Tr•nsporta11on 4.0 30,167 6.0 45,703

TBA Custodian 22,667 .3.0 68.000 22.893 4.0 91,573 Custodial 3.0 68,000 4.0 91,573

TBA Securily 13.394 1 0 fU!i4 13,528 1.0 13.528 Security 1.0 13.394 ,.o 13,528

Total 68.0 2,S15,928 92.0 3,469,021 ~

Attacnmem Jr..2


ATHENIAN .i.cM)Ef.ty eHAflTER SCHOOL fLEEl PROJEr.ff!)c.tl!ilt PLOWS FISCAL YEAR ~19

.!Ill !Ila ill .ass tw &!II! .!l!I CASH. 8eGINNING :s,6117 24,097 47,m 4&.186 45.0ft AS11]] •t,!Oi

14E\.lt!NU!S F£FP 10Zfll)!: •02 61l2 102.602 ·oi.so2 •ou,or 1nu02 lll.160~ In ~o (~tee!; T Bache- S11,a11es & Serie"';;,) 1.783 ;.J66 3.566 3.566 3,566 3M€ In Kind CSl=St 993 1.079 l.164 11~ , 1bA 1164 1164 .Do.,111~n& • ltmo'i!a T'l)UITllJ14•s Scholllrstiip F11<1d so so so f,() 5C• 50 50 Tran1poruioor. ~ __ ,_4~j _..l.fil 1.<133 ~-1~ --.!~ ~)!

TOTAl REVENUES 105,l>78 1061147 10!!!15 108,815 108i,!15 108,815 106.115

EXPENDfl'URES 1NSTRUCT10N

Classroom Tea:he•t. f.'3,50(1 37,0011 37000 37006 37.NlO 371100 Spoo;ttt~ 7e;:iehe•L ----1.a4.! l.083 3.1183 3.083 ~.oes 3.08:i

To .. l lr!;tr\lclLon S•l1iri11s 20.042 40;083 40!83 40,!!!3 4oe 40.083 Pavrol, Ta,•~ 2G7<1 4 149 f'31l0 ~ Oll6 3.0~ ZO$ "lealll! l<11m,ar11:e :;?,600 ..!,600 2.l'Ou .:.600 2,600 aoc; WorkM!I U,tnpenS<~ior• .200 401 __ _fil 401 '401 4111

Toial lnstl'ucllon B1'1ll!fitS 4.875 7149 6,901 '-1067. 6,067 6~ ·~tlllfBetea Sel'W:(IS '>92 1.183 1183 1.183 1.183 118l 'Travel 1r.11 ,oa 108 '08 108 10(1 10t SUllP~UI 2.Aiti «o ,4.tn ~{.) <140 44!) 4<1!! iellltlooks 12.1~; 4.1156 4 856 4.85& 4856 d,Bfi6 COlnput.rs n:I Soflwll1E ~,!>45 1.621 1.U1 1.~1 1 r.21 1,821 s~mu1,, ---- ~e _ __w ___ 7@ 780 7M 78(1

Tqtal ll'llltrucllDn Oth•r 19,1i3 8~07 l.1BB 9,11ll 9,188 11,188 2.512 Total mtrucllon ,~.111~ 331123 56,421 !i6,t72 SS,33$ 55,$39 ~62

STAFF TRAINIIIG Con1r•cteef Sertl~s 2,333 Z.S33

EIOAAD '.it'Jllfett ,1117 .,, J.17 AH ,,,. •117 417 T1avel 250 250 2!>0 2SO 25ll 250 250 ltl$Ut~- 6~00 i 167 2,16? 2 ~61 2:.167 2,187 216? l.lcf,rilif'~ & l'EII" l.;"iO 1,25(' 01nr1c1 Fee !i.202 S.2<12 5,20;! S.202 5,20:2 5,202 s.202 GO"\l~Cy :,948 1348 1.948 1,948 1.9~8 1948 1.948

Total801,d Hl1566 11.183 1.1183 11,flJ 11.!!63 5',1183 U83


ATHENIAN ACAOl!MV CH4fl'l'at .SCHOOL !LEE) PROJiC'T'El> <'ASH FLOW$ FISCAL YEAR 2011

.tll' Alm ill! S2l.1 ~ . ~ b!!

SCHOOLAOMWISTftATION Sr.'~O'.>I Le.tier 5.0!l(l 1•;_(111(1 5.i)>)') 5.00(l ~.01)(, f,,000 !,.!lOO Admfn Suppon 2.167 i,167 1.167 2.167 i: 167 2.,u ---!;!!!

Total Adtnlnlatrallot! Sal&rln 711117 1., • ., 7,167 7,16" 7.167 71117 71167 Pavrc,I Tll16~ 742 1aa 546 548 54! 546 648 Hldtl J111urance 400 400 ~00 ,10(\ 400 400 400 Workl'I'$ Gol'Poel'!Sat,o,.. -· _ ___l! --~ 72 72 72 72 72

Tomi Admlnl&ltaflon Beneflls 11213 11204 t,020 1,1120 1i02G 11020 11020 TreVIII 83 ea 8:: I!~ 83 83 83 Eau!l)ml'nt fl~t11al 350 350 350 35(1 35n 350 3ln) l'osttt.9~ 91 91 !;II 91 111 !;I\ 91 Advul1111ng 1,485 ;l74 :;1?4 :!74 ?74 274 27,4 Suppfie:s 1-980 3!1S 365 366 365 3!\'S 365 l:qul!lment 1 166 4!l7 467 .e1 4117 ~7 Soltwi,,r ___ SC!!!_ 200 200 200 200 :z.oo

Total Admi11tsnt10n Oiiier 5,&!i4 1,831 111a1 1.131 118l1 11831 1.164 Toi.t Si:ih®I AdmtnlstraUon 'f.113034 10.2G2 10~17 ---11!:.!.'!1 101!!17 10.017 9.350

FACILITIES ACQUISITION Renlll 151167 151117 151167 1511117 t!ie,187 16,167 15.1117

FISCAL C.o,itreeted Sr!W'.e~ • Fi<t\lo'll'e 2.866 2 Bllf, 2.Bfi6 2866 2.1166 2,1166 ~-866 Conr111oted Sf!M:.es - HR 1,3 370 627 627 627 627 627

Totatl'l-t 2.9?9 !J236 3~t3 3,493 3.493 3.493 3.493

FOODS~IIVIC£ Food Se!w:e Worlters ___ __!I! - .;!~1' -~!§. ---~~ -~ ___ 3_4fi.

Total Food Sstvlce S.latles 174 348 348 ~8 348 348 F'ayrnt,Tiu;ea 1£! so 36 86 3.6 36 H111ft1 lnr,;i;snr;e 100 104) '110 ,oo 10(1 ,oo WowfW1; Cort,pensati~1> --,·-· 2 3 $ 3 3 3

Total Foad S.,._,.ce 8enetils 120 139 131J 139 1!19 139 Tota! Food Servk;e 294 48? 487 487 •87 487

ntan,mt'lt x 3


ATHENIAN ACADEMY Qilt.RTEft SCHOOL~ PROJEl.'TED CASlt l'lOWS FISCAL VEAR 2019

Jll1 &ill im ~ rm !!Iii .Im!

fflAHSPORTATION Bc,,IJnvj!"f 366 __ ..JA'l. --~! -~ 132 732

Total Tflnsp.on.lion $altrles stJ(I 732 732 ___ 71,! 752 732. Payio! TllllllS JB 7fi ?tl 7[ 76 71> HaaNt.111,~"nr-.e 200 ~ 2(1!• 200 20n 1IIO Wcirke'E CO!l'l?l"A~OI! ~

__ ?: 1 7 ___ .J.

To .. l 'Tran1port11ron eeneflts 242 283 283 283 ~ 283

Fuel '300 600 60~ 1100 soo 600 EQllip,rer.t • ftJ&ll6$ ' .250 uoo 2.50(! l)5QI\ 2.500 r~oo FlmJJan & Marnren1111c, 150 300 300 31lli 300 300

Total Trtn1portatlon Other 1,700 3~00 31.-00 31411b !J,400 31400

Toi.I TtJnaport.ilon ~· 41415 4~15 4.415 4..411i 41415

PLANT oPERATIONS Gvstodlaf 1,833 U33 ___ !M! __ !_fil ,.~~ 1.833 1.83l

Total Plant Operation& S1larlt!t 11e:13 1.!33 11833 111133 t 1B33 1.833 11an PAyra• Tax,;. ,90 !!Ill 190 181 ,,I) 140 1<10 Heillh lllsura.nce ,.00 1!00 200 21)(1 2(1(1 ZPO 201i Worl(eis CompensaliOr 18 18 18 18 16 1& IS

Total l'illnt Oper,tion& a,netllS 408 408 408 399 359 359 35' l:'°'1tJIKltd $t'\,cr, 750 750 750 750 7$(1 750 750 lnsl.rrtmt" b,00(! 1 687 1 se:- 1fl67 ,i;e;; I 667 1,811>' T~'epl\cl•m 750 ?50 750 750 ?!i<! ?!>O 750 ~t 2,500 2500 2.500 2.600 2.500 2.~[10 2.SOO 811111*( 211('10 ae.4 366 361 36'1 564 364 Equip,nen\ 1,665 967 __ fil 667 w 1167

Toi.I Planl Operallon, Olh11t U,6&5 6!97 6.fill7 U117 6,6!)7 6,697 6,030 Total Planl OperatlaM 14,906 8.113D a,ue 8.1130 am 8,880 aw PLANT MAINTENANCE

ccinu.cted Servm 500 1100 800 liOO 500 500 500

COfMIUHIT't SERVICES Donations • l.llmonta Poumakl• Scholarship F ---

TOTAL EXPENDITURES 84,671 as11s1 1091422 110,,15 108,291 110.624 1G0,2811

EXCESS REVENUES OVEI\ EXP - - ~.se _JMJI! __ __iw !1~) 5JS j1 I09) !,U5

CASH, £NDING ~~7 . _!,J:t!}~ ~ _-\5-~ 4'B,U !'~ - ~ AM~)(.~


ATHEIHN ACADEMY CHMITER SCHOOL ILEl:I PROJEC'11iDCAl'ltlFLOWS FISCAL Y!AR 201,

!:II> YI! HZ. MIY ,IJll.l .Iii! 6!111 CASH tlEGINNlNG 52"36 •,,n 19A!!!! ':7944 19.762 10S,J7F. 12.167

RE\IENU£S F:FP rnuo2 102,602 102,1\(12 1oao~ 102.60~ Ir. Kirlc (Gret!'; T Gather saJan,os & E'e!1Pllb.; 3,5&Ei 3.~ M66 3S6fi !l 568 H66 1,78~ In l\<!111 !SFSJ U64 1164 1,164 !.164 1,•62 1&7 f,~ [)QPSII0/1$ umonia Po~>1111k,t Sch001thil! ~ uncl so Sil so r raMponaloor: ·--~ _,).433 ----~ !.433 ,,43$ -~-TOTAL REVENUES 108,!1! 108!!15 108,415 108.765 1oe.ns -s.ni ~

EXPENDITURES IHSTFIUCTION

Clas$IOOl'll r eachers 37,000 37,000 3'.'.000 3-:'l)PO J? 000 37.000 18,500 Spt!e;;;.ll, Teac'11!Ni 3,083 ,LOSS s~ 3.0&·,! 3,0ll3 3,083 ~

Total ln11tuction Salarln 40,083 40,2§3 40~ ~ _40,(183 40,0~ ~ Fayro~Tlll<SS 3,066 'Ulfi6 3,066 3.066 3.066 3.06S :,533 Health l"surence 2,600 2.600 2.600 .:.tiGl' 2.1&.:>1> ~Wll Wori<IP'• (;(in,pp~~a(lf<"' _.....iQ) ___ 4-2). --~ .t01 __ ,...!Q!

~ ~ To•a1 tn1trucllon aen1fl1F 6,067 6,067 &,067 6l},ff7 6,01'>7 fi.067 --1,I!! Conttactld Se'~ 1.183 1.Hl3 1,163 1,HI" 592 havo• IOB 1D8 1~e 1{1ll 108 Supr,~ 44/J 4•0 140 4-'ll 44n TeX1bGok~ C:orn.iuten. a~o Sflf:wa,~ Subst~ules ___ 1_eQ 78D ____ m __ 1,.1!.C;! __ _mi ---Total lnatnJcllon Olhet U12 _--lJ.!! 2.512 2.512 1,53.0 . ---Total 1n11rucllo'I 48!,!2 48~82 "48,662 481!!62 47i!81 46,151 21,775

STA.ff TRAINING Corlno~ S.l'llioes -

BOARD leg11•Fee~ 417 4li 417 417 ~17 'l'•aw-• 2!,(J 250 .!50 25!' 250 r~~1-1,aiiee i 167 2.16i 2,t67 U!:enses a r~es D\!11111:t fee 5.202 5.202 5 202 5202 S.202 CcnlP19ency 1,!"8 • 94'! 1,948 t.,w:: 1,948

TotatBoerd 8"43 11111u 11,883 781& 7,816 -

Allac1111'1f..,. X.3


ATHENIAN ACAllEMY CNARTE:R SCNOOL{LEEJ PROJECTED CASH FLOWS FISCAL YEAR 20t!l

Ell! 11!1! 6Rt rw .tl!!l ./Ill ~

SCHOOi. ADMINISTRATION Stliool Li>ad1r 5.000 MOO 5,000 ~000 5000 Adm111 S..pport 2.tll7 2.187 2.167 k,167 i!,'6?

To••• Adml11l••r•lhin S•!•rtes 7111"1 71187 7,167 7,161 7,167 Payro.~Ta.lfl!'., !i48 5'18 548 548 548 Healtll l!'$11re1ice 400 -400 •O(I .<Q(} "'00 Worlre111 Comp~&abtl,, 72 72 72 72 72

Tolal Admlnlstrallon flell*II~ 1.0110 1,020 1.020 1,02{1 1.020 . ----Tra1111I 83 8~ 83 a:i 93 Equlpmltf'! Renie.I 350 350 350 350 354) P°'1age 91 91 l41 ~1 91 Ml""-''Sh9 ;rJ,4 274 Vt ?74 274 Sl!pp.ae 36~ 36!i 36!1 365 385 Equip,,111111 Sollwe,e

Total Admlni5ft'IIIUc,n Other -1,164 1.164 1,164 ,,n4 1_,164 TGlal Si:hc,al Admlnisltatlan 9,350 9,350 9,350 11,350 9.3!0 --- ---fACIUTIES ACOUIS"10N

Rent& 1$,167 15,161 15,167 1$,167 15.1&7 . ---FISCAL

Conlr!l(;l-.d StNicc • , F'll!ll'IOll 2866 1166 286& 2800 2,866 GonVllC!led $e'llil:;e~ ., HR 627 827 627 &27 620 so,

~' Tc,t.i Flaoal 3.493 3,4113 1.493 3.493 3,486 ~ ---W. FOOD SERVICE

Food Se,w:e WorM"• ll41i __ s.is __ 348 346 174 ----Tolal Foods~'" Salalies 348 348 348 $48 174 ---Pa~! Ta111!2 36 36 36 a1 11!

Heallo, tn~lll'aoce 11}0 100 100 •oo 1()0 lll[J Wori<ers Compensation 3 a 3 _ _! 2 - ---Total Food S.nilce Benefits 13!3 13!1 139 140 120 10D

Total Foad Service 48? 487 48? ----488 2i4 100


A~f.N ACAO!l,IV CIIARTER SCHOOL (LEE) f'A~cnl:P Q,t..111 FLOW$ RSCAI. YE,,R 2019

f:111 MM 6R! t4D ,/JU) ii.Ill 611.g

TRANSPORTATION eus Cnillet$ ".',12 732 732 732. 366 -lotat Transportation s.i.nes 732 7S2 732 732 366 ---· P~yron- 76 76 76 76 29 H,;;,•t> 111,;ur~rv..e 200 200 200 200 200 200 \\ Oliltrs CoPlp~sation ____ z. __ z

- ·--Z -~-----1 4 --- ---Total Tr1111sport11tlon 811nefltri 2.83 283 283 w 233 200 Fuel 6ll0 600 tiOO 600 300 E'qU1)111tflt • Susses :.> 500 .'500 2,50(1: aoo 1,2SO fl@~"' & t.i1i111111erumce 3QO aoo 300 300 -~ ---Tot,il T,-n1port11t111n Othllr 3,400 3.,40(I 31400 3 .• 400 1ifGO

Total Tnnaportatlori 4415 , 1•1s 4,418 4.415 UH 200

PLANT OPEFIATIONS Cilsiodlsl 1,893 1.833 1.833 ',833 1,833 -TOl-1 Plant Opl!l'lltions S.tarJ1i, UIS3 U33 1r!33 1,833 1~3 Pe.yro1Y-s t40 140 14(' 1411 HO Mea~h lnsur&A!"B ~o POD 200 20(; 200 Wor~r, C0n"3ensatlo~ 111 18 ,e HI 19

To1,1 Pi.111 Ope,.llons Sentltltt 3511 359 359 3511 359 ContrfC1etJ '\lervlci111 750 7SO 7$0 75tl 750 l'lEUll!llQ(; 1 667 16&7 t 61,7 Tt-!flp!ione 75tl 750 "SO 750 750 Ulllilles 2 .. 500 t.SOO 2.500 .;500 2,500 Supplifs S64 364 564 36,l 364 EQUIPrlltlfll

Toi.I Pl•lll Operation, Olh•• u,o fi,030 8,()30 4,36,4 4,364 - -----Total Pl•ill Opetatlons a.w ,.222 a.2~:, UH i,5$6

PLAHT MA.ll{TENANCE Con!Qmd service& 500 500 500 500 500

COMMUNITY SERV!CE$

D11nat1ons · L.ma11II' Poumakl~ $th11l1rshlp F 500 . - ---TOlAL EXPENDITUfle$ 10Da!O 100z!80 100,280 96'1!47 !!S,149 46,952 22~

UCESS Ri:VENUES OVER EltP \l,W 1.135 8153S 11.818 ---1§,.&J.! j4U19l~I

CASH, ENDING _62.ffi .&!"'!! 71,?44 81-?62 1~11 §~1~ 41,1~

Auac'1me"i X 3


ATHENIAN ACADEMY CHARTER SCHOOL (LEE) OPERATING BUDGET· 76% ENROLLMENT

FISCAL VEARS 2019 • 2023

Start-Up FY1!1 ~ FY21 FV22 FY23

ENFIOLlMENT 138 276 414 552 828

FUND BALANCE. BEGINNING 4,280 17,382 44,776 205,848 616,154

REVENUES FEFP 951 . .379 1,912,363 2,913,559 3,904,137 5.885,534 In Kmd (Greeh Teacher Salaries & Benefits) 42790 70.014 120.665 149,417 153,938 In Kind (SFS) 11.122 Donations • Lemonia Poumakis Scholarship Fund 500 500 500 500 500 Start Up Funding (provided by Building Ho1>eJ 20.000 Capital Outlay 103,50(> 138,000 207,000 lransportabon 131041 ~ill ~515 52.950 _Ji~

TOTAL REVENUES 20,000 1,018,831 2.009,089 3,177,739 4,24$,004 6,326,794

EXPENDITURES INSTRUCTION

Classroom Teachers 333.000 711.387 1,115,532 1,503,189 2,167,380 Specialty Teachers 181500 381453 119,521 144,141 233:731

Total Instruction Salaries 3511500 7491841 11235,053 11647,331 2,4011117

Retirement 44,990 74.103 98.840 144.067 Payroll T axfls 28,686 61.048 100.341 133.581 194 364 Health lns11rance 22.800 47.268 75.895 98,909 141,106 Wotkers Compensation 3.515 74~~ 12.351 16.473 24,011

Total lnstructt0n Benefits 55,000 160.805 262,690 347.803 ~S! Contracted Servir.es 8,~70 18.119 42.232 56.873 86,162 Travel 950 1.970 3162 4.327 12,175 Supplies 5490 11166 21891 29.330 4S,752 Textbooks 27,600 30 664 33,786 36,967 68.930 Furniture and Equipment 96.182 84.635 29,310 39,468 Computers and Software 10 350 65,973 132.273 100.637 128,237 Substitutes 5,700 11.817 18,786 241240 34.239

Total Instruction Other 59,060 235.890 336,766 281,683 412,963

Total Instruction 465,560 ,.146,536 1,834,508 2,276,817 3,317,628

PUPIL PERSONNEL SERVICES Guidance Couoselot 82,367 84,995

Total Pupll Personnel Salaries 82,367 84,995

Retirement 4.942 5,100 PavrQII Taxes 6,679 6,880 Health Insurance 4.945 4,995 Workers Compe11sation 824 850

TQtal Pupil Personnel Benefits 17,390 17,825

Supplies . __ 5,687 8.616 ----- ------·-·· - -- ----Totel Pupil Personnel Other 5,6&7 8,616

Total Pupll Personnel Services 105.444 111,436

STAFF TRAINING Contracted services 1.750 31500 10,353 161832 23,182 31.999

Attachment X.4


ATHENIAN ACADEMY CHARTER SCHOOL (LEE) OPERATING BUDGET • 16% ENROLLMENT

FISCAL YEARS 2019 - 2023

Start.up Em FY20 mi Em FY23

BOARD Legal Fees 5.000 100 100 100 100 Contracted Services · Audit 7,500. 7.57'> 7,651 7.727 'rravel 3,000 3,030 3.060 3,091 3,122 Insurance 26.000 26,260 26.523 26,788 27,056 Licenses & Fees 2 .500 2.525 2550 2,576 2.602 District Fee 48,221 87.~8 89.163 89,608 90,057 Contingency 9,032 18,246 28,244 .38,145 57,955

Total Board 500 93,753 145,458 1s1,:ns 167,958 188,618

SCHOOL AOMINISTRATION School leader 5,000 60.000 61,800 63654 65.564 67.531 Asst School Leader 53,045 54,636 56.275 Middle School Dean 49.173 50,648 Admin Support 2.167 26,000 341138 42,436 42.861 43.289

Total Administration Salaries 7.167 86,000 961938 159,135 212a23a 217i743 Retirement 5,756 9.548 12,734 13 065 Payroll Taxes 742 6,957 7,812 12930 17,181 17,602 Health Insurance 400 4,800 6,060 9,793 12.364 12,487 Workers Compensation 72 860 959 1!591 2,'122 2.1n

Total Admlnlstrellon Benefits 1,213 12,617 20,687 33,862 44,401 45,332 Travel 1 000 1.o10 1 02.0 1,030 1,041 Equipment Rtmtal 4,200 4.242 4,284 4,327 4,371 Postage 828 836 845 853 862 Advertising 5.000 4,500 2,500 2 525 2,550 2.576 Supplies 6000 6,060 6,121 6.18~ 6.244 Equipment 3500 1.227 3.124 2,524 911 Software . _ __J,500 53Q 1339 1,082 390 ----

Total Administration Other $,000 21i528 16,416 191258 181549 161393 Total School Administration 13,380 120,145 132,941 212,255 275,183 279.467

FACIUTIES ACQUISITION Rents 138,000 276,000 414,000 552,000 828,000

FISCAL Contracted Services - Finance 27 48& 53,673 80 l90 104,422 146.8.82 Contracted Services - HR 90 5879 11,123 __ 1_S:40i 25,4!0 35,618

TotalAscal 90 33,365 64,795 98,591 129.892 112,501

FOOD SERVICE Food Service Workers 3,477 7 024 10,641 14,329 25,327

Total Food Service Salaries 3,477 7,024 10,1541 14,329 25,327 Retirement 421 638 860 1,520 Payroll Tax.es 360 726 1 098 1,474 2,599 Health Insurance 1,200 2,424 3,672 4,945 8.741 Workers Compensation 35 70 106 143 253

Total Food ~ervlce Benefits 1,595 3,642 5,615 7,423 131113 Total Food Service 5,072 10!665 16,155 21,752 38,440

AttachrnP.nt X 4 District Review Page 742 of 762

ATHENIAN ACADEMY CHARTER SCHOOL (LEE) OPERATING BUDGET- 76% ENROLLMENT

FISCAL YEARS 2019-2023

Start·Up FY19 Em fYU fXU FY23

TRANSPORTATION Bus Drivers 7,320 14.786 22.401 221625 38,086

Total Transportation Salaries 7,320 14.786 22,401 22,625 38,086 R6tirement B87 1.344 1.3!>8 2.285 Payroll Taxes 749 1,509 2.281 2,298 3,859 Health Insurance 2.400 4,848 7.345 7,418 12 .. 487 Wori<ers C-ompensation 73 148 224 226 381

Total Transportation Benefits 3,222 7,392 11,194 11,300 19,012 Fuel ti.OOCI 12.120 18362 18.545 31,218 Equipment - Busses 26 000 25 000 25.000 50,000 Repair & Mao,tenance 3,000 6.060 9,181 9;273 15i609

Total Transportation Other . 34,000 43,180 52,543 27,818 96.827 ---Total Transportation 44.542 65,359 86,138 61,743 153,925

PLANT OPERATIONS Custodial 22,000 22.220 44.884 45,333 68,680 Security 13,394 ~3.528

Total Plant Operations S.larles 22,000 22,220 44.884 58i727 82,208 Retirement 1.333 2,693 3,524 4932 Payroll Taxet. 1,872 1,889 s.s,2 5,060 7,045 H~alth Insurance 2.400 2.424 4,896 7,418 9,990 Workers Compensation ____ 220 222 --· 4-41! -~ __ 82~. ·---· .. ·-Total Plant Operations Benefits 41492 51868 11!50 16~89 22s7as Coritracted Services 7,200 10.908 13.771 16,227 20,487 Insurance 20.00Q 20200 20402 20606 20.812 Telephone 9,000 9.090 9181 9,273 9,365 Utilities 24,000 36,360 45.905 54,091 68,290 Supplies 4 800 9,696 14 689 19,782 29.969 Fqulpmem 5000 5,050 __ 5.101 !;,152 5,208

Total Plant Operation$ Othet 70,000 911304 109,049 125!130 1541126 Te>tat Plant Operations 96,492 119,392 165.783 200,446 259.123

PLANT MAINTENANCE

Contracted Services 4,800 9,696 14.689 1~,782 29,969

COMMUNITY SERVICES

Donations • Lamonla Poumakls Scholarship Fund 500 500 500 500 500

TOTAL EXPENDITURES 15,720 1.005,729 1,981,696 3,016,667 3,834,&99 5,421,607

EXCESS REVENUES OVER EXPENDITURES 4,280 13.102 27,394 161,072 410,306 905,187

FUND BALANCE, ENDING ~!2 ~...Ei.3~ 44,776 205,848 -- 616t~ 1,521,341

Attachment X.4



FISCAL YEAR 2018(START-UP)

REVENUES Start Up Funding {provided by Building Hope}

TOTAL REVENUES

EXPENDITURES STAFF TRAINING

Contracted Services

SO ARO Contracted Services - Training

SCHOOL ADMINISTRATION School Leader Admin Support

Total Administration Salaries

Payroll Taxes Health Insurance Workers Compensation

Total Administration Benefits

Advertising Total Admlnlsttatron Other

Total School Administration

FISCAL Contracted Services - HR

TOTAL EXPENDITURES

EXCESS REVENUES OVER EXPENDITURES

FUND BALANCE, ENDING

Anacl'lment Y .1

20,000 20.000

500

5000 2167 7,167

742 400

72 1,213

_5,000 5,000

13,380

90

16,303

3,697


Cash

LIABfLITIES Accou11ts Payable

FUND BALANCE Unrestricted

ATHENIAN ACADEMY CHARTER SCHOOL (LEE) BALANCE SHEET

FISCAL YEAR 2018 (START~UP)

ASSETS

LtABJLITIES AND FUND BALANCE

Total Liabilities and Fund Balance

Attachment Y.2

3,697

3697


ATHENIAN ACADEMY CHARTER SCHOOL (LEE) PROJECTED CASH FLOWS FISCAL YEAR 2018 (START·UP)

Al!!: f:m. ~

CASH. BEGINNING 17,667 14,667

REVENUES Start Up Funding (provided by Building Hope) 20,000

TOTAL REVENUES 20.000

EXPENDITURES STAFF TRAINING

Contracted Services 2.333

BOARD Contracted Services· Training 500

SCHOOL ADMINISTRATION School Leader 5,000 Admm Support 21167

Total Administration Salaries 7,167 Payroll Taxes 742 Health Insurance 400 Workers Compen~tlon 72

Total Administration Benef~ti 1,213

Advertising 2,500 2,500 Total Administration Other 2.soo 2,500

Total School Admini$1ratlon 2,500 10,880

FISCAL Contracted Services - HR 90

TOTAL EXPENDITURES 2,333 3,000 10.970

EXCESS REVENUES OVER EXP 17,667 (3,000) (10,970)

CASH, ENDING ____ )7,667 ~--J4,S7 3,697 ~-----.. ______ :

Attachment Y.3


Attachment Z

Building Hope


11 E-xAM~LE. '' or A tuxr-e(\-\- l.eo'::>e li.~r-ee,rnent 'N tfu tJu\ \OtV0(o \--\-o\e .. , ,,

§CHEDULE C ---r Y\"5 l S f\br Prepared by and whm ~edmtumto: David Cohen Edwards Cohen 200 W. Forsyth Street Suitel300 Jacksonville, FJorida 32202

MWQRANJ>UMOFLEASI '1'he.. full a~recn-,ent l:.. 'I-awi_p k. .",t; --\he

- -y ~\\VJ\ s ~

SJJORT FQRM LEASE AGREEME?Q'

Tins Short Fonn Lease Agreement is made as of Deceroher _, 2014, between Building Hope Hercules) Inc., a Florida not. for·profit corporation. with an addtt.ss of 91 0 J 7th Street NW, Suite 1 JOO, Waslungton. D.C. ("Lessor")~ and.The Atheman Academy, Inc. a Florida not-for-profit corporation, having an address of 2289 North Hercules Avenue, Clearwater, Florida 33763 ("lessee").

WI IN IS§ ETH:

Lessor. upon the terms and conditions more particularly set forth in that certain Lease Agreement dated as of even date herewith by and between Lessor and Lessee (the "Lease Agreement''), which terms and conditions are inco,porated herein by reference, and in consideration of the rent and covenams therein provided, does hereby lease to Lessee, and Lessee hereby accepts that certain property more particularly described on Exhibit A attached hereto and incorporated herein by reference ('tthe Property') for an mitial term commencing on or about AQgust 1, 201 S and endmg on July 31, 2035. upon the tenns and conditions set forth in the Lease Agreement.

1. L~sce further bas the option to renew the term of the Lease for up to two 5-year renewal terms. and to purchase the Property upon the terms and conditfons set forth in the Lease Agreement. ·

2. Lessor covenants that Lessee, on paying the rent and performing the covenants set forth in the Lease Agreement, shall pellceably and quietly have, hold and enjoy the Property.

3. As provtd~ in the Lease, notice is hereby given that Landlord shall not be liable for any labor or materials or services furnished or to be furnished to Tenant upon credit, and that no mechanic's or other lien for any such labor, materials or services shall attach to or affect the fee or reversion.ary or other estate or interest of Landlord in the Property or in this Lease. Prior to commencing any improvements, T ensnt shall execute, deliver to its contractor and record in the public records of Pinellas County, fJorida a written instrument provuiing notice of the existence cf the provisions oftbe preceding sentence in accordance wrth Section 713.10~ Florida Statutes.

4. It is understood that this is a Short Fonn Lease Agreement, wb.ic.h is for the same rents and upon the same terms as the Lease Agreement, which Lease Agreement is incorporated here.in by reference anti shall be a part of this insuument as fully and completely as if the same were set forth herein.

SI


IN \VI1NESS \\IHEREOf. Lessor and Lessee have signed, sealed and delivered this Shon Fonn Lease Agreement as of the date and year ftrst above wrinen for the pUipose of providing recorded notice of Lessee's rights under the Lease Agreement.

Signed, sealed and delivered in the presence of

Witness:--------

Witness:--------

STATE OF

Lessor. Bwlding Hope Hercules, Inc.

S. JoiephBruno. President

COUNTY OF~~~~~~ The foregoing instrument was acksmwledged befi:u~ me this_ day of-·-···--· •

2014. by S. Joseph Bruno, the President of Building Hope Hen.ules, lnc .• a Florida not-for-profit corporation, on behalf thereof. He is personally known to me or who bas produced

as identification. -----

Signed, sealed and deli\-eml in the presence of

Witness:--------

Witness:--------

STATEOFFWRIDA COUNTY OF PINELLAS

NOT ARY PUBLIC PrintNarne:.~~--------My Commission Exp.ires: ____ _ (NOTARY SEAL)

Lessee: The Athenian Academy, Inc.

Name: Rev. Benedict Willuuns Title: President

The foregoing instrument was acknowledged before me this _ day of • 2014. by Rev. Benedict Williams, the President of The Athenian Academy, Inc., on behalf thereof. He is personally known to me or who has produced as identification.

NOT ARY PUBLIC Print Nam~~~--~----~ My Commismo» Expires· _____ _ (NOT ARY SEAL)

52


SCJ!EDULED FIXED RENT

Fixed Rent for the first five Lease Years shall be as follows: a. For the fint (partial or otherwise) Lease Year, the Fixed Rent shall be a monthly

amount of $29,333.33, c.onunencing on the Lease Date and subject to pro ration for any partial month during such Lease Year;

b. For the second T.ease Year, the annual Fvced Rent shall be $414,000.00, payable monthly in equal increments ofS34,SOO.OO;

c. For the third Lease Year. the annual Futed Rent shalJ be $476,000.00, payable monthly in equal increments of $39,666.67;

d. For the fourth Lease Year, the imnual Ftxed Rent shall be $538,000.00, payable monthly in equal mcrements of$44.833.33; and

c. For the fifth Lease Yem, the aMUaJ Fixed Rent shall be $6001000.00. payable monthly in equal increments Qf$SO,OOO.OO.

11. Commeocing with the f.arst day of the sixth Lease Year, the fixed Rent shall be adjusted annually as follows: the Fixed Rent lJl effect fur the sixth and each successive Lease Year, .including during the Extended Tenn. if any, shall be equal the product of(1) the Fix.ed Rent for the prior lease Year. multiplied by the percentage increase in the CPI (as defined and calculated below). but in no event shall (i) Fbccd Rent for any given Lease Year be less than the Fixed Rent fur the prior Lea~e Year. and (ii) Fixed Rent for any given Lease. Year be greater than 5% more than the Fixed Rent for the pnol' Lease Year, provided however, that if clause ( ii) is applic.able to any Lease Year. then the foregone rent adjustment due to such limitation shall be carried forward to any or all of the subsequent three Lease Years' adjustments. to the extent recoverable after giving effect to such clause in such subsequent Lease Years.

a. Payment of the adjusted Fixed Rent amount shall begin on the applicable August I st of the Lease Year to which such adjusted Fixed Rent applies.

b. ~ used herein,. the term "CPI" mean.~ the Consumer Price Index for All Urban C'.onsumers (CPI-U) for the United Stales, All Items (1982-84 = 100). published by the Bureau of Labor StatlStics, Unllad States Dq,artment of Labor. The percentage increase in the CPI for any Lease Year adjustment calculation shall be detennined on each JuJy 1, as follows: divide the most recently published CPI as of J1Ucb July l by the most recently published CPI as of the immediately prior July l, and convert to a percentage (but never less than 100%).

c If there is a change in the basis of the CPI series (for example. the Bureau of Labor Siatistics ceases using the 1982·1984 average of 100 as the bam of calculation, or makes a signifJCanl change is made in the wmber or nature ( or both} of item& used to determine the CPI). and as a result Landlord 8nd Tenant agree that the caJcuiation of the percentage increase in the CPI does not aocun,.tely reflect the change in the purchasmg power of the dollar, or if the CPI shall be discontinued for any reason. then Landlord and Tenant sbaU instead accept and use such other index or comparable statistic that is computed and pubbshed by an agency of the United States or a responsible financial periodical of recognized aulhority.

S3


SCREDULEE BUILDINGS DESCRIPTION

l New Building: approximately 30,000 square foot (including covered areas and areas under HVAC) building, substantially as described in the following drawing& prepared by LAI Construction Management. Inc .• under Job No. 178·14:

Draw.tog Drawing Name Final Drawmg Number Date A·OOl Cover 8/28/2014 C3.0 Site Plan 11/412014

.....

A-101 0 l II Floo,r - N cw Buildin.e. 10/2212014 A-200 Elevations 10/22/2014 LP-101 Landscannm Plan 8/27/2014

And related notes, mechanical, site & c,vil. architectura~ structural, plumbing, fire safetv and electrical D lans

IT. Renovations to Existing Sttucture. approximately l 3,200 square foot (including covered areas and areas under HV AC) building, substantially as described in the following drawings prepared by LAI Consttuction Management, Inc., under Job No. 178-14:

Drawing Drawing Name Fmal Drawing Number Date A-001 Cover 8/28/2014 C3.0 Site Plan 11/4/2014 A-101.0 1st Floor - New Buildin2 10/2212014 A~200 Elevations 10122120]4 LP~IOJ Landscanin2 Plan 812712014

And related notes, mechamcai site & civil. architectura~ structura~ plumbing1 ftre safetv and electrical ohms

54


SCHEDQLEF

OPTION PUR~HASE PJYCE SCHEDULE

I. For Closing Dates occurring on or before the first day of the sixtieth full c.alendar month following the Lease Date (the "Base Date"), the Purchase Price shall be equal to l OS% of the amoWlt of Landlord's Cost (defined below). Thereafter. effective on the first day after the Base Date and on each anniversary of &he first day after the Base Date (each such date, a "Ch8nge Date .. ). the Purchase Price shaU mcrease by the increase in the CPI. in accordance with the adjustments to Fixed Rent set forth in Schedule D. provided that the annual adjustments shall be based upon the CPJ as of the Base Date and the most recently published CPI as of the first Change Date, for the first Change Date adJustment, and thereafter successively in hke manner.

JJ . "Landlord's Cost" means all of Landlord's costs and expenses r~lated to the acquisition of the land, and the design, pennitting. and construction of the Buildings, and the fmaocing of the foregoing. including without limitation the following: reasonable legal costs and expenses, reasonal,lc surveying costs. title search and premiums for acqui'iition and financing. land use and other governmental consent, pennits and approvals. tap fees, off-site improvements or fees or other exact1om in lieu thereof, costs of bonds and letters of credit, direct construction costs, costs of construction monitoring, conslJ'llction litigation expenses. if any, taxes and recording fees. and financing costs 1ncluding interest during construction and swap fees, origination or similar fees, and loan administration fees and expenses, if any.

55


IN WITNESS WHEREOF, the parties hereto have duly executed this instnnnent as of lhc day and year first above written.

WITNESSES:

PrintN11111c; -----------

l'nnt N1mc: ----~------

48

LANDLORD:

Building Hope Hercules. Inc., a Florida not-for-profit corporation

By.~ Name: ~ Title: President

TENANT:

lbe Athenian Academy, Inc . a Florida not-for-profit corporation

By: __________ _

Name: ------T it)e: President


SFS

July 13, 2016

Re: Athenian Academy Charter School

To whom It may concern:

Schoof Financial Services has committed to defer thE collection of all or a portion of Its fees if that

payment would cause Athenian Academy Charter School to either be unable to pay another vendor or

create an overdraft in the charter school's cash.

further, with regard to the first year of operations. deferred fees will be forgiven up lo one third, if those fees cause or exacerbate a deficit for the fiscal year.

Please contact us if any additional information is needed.

Keith Spence

Chief Operating Officer

54 South Martin St

PO BOX 250

Bonifay, Fl 32425 (850)547-4566

F: (850}547·4235

S4 South Martin St P.O. Sox 250 6onifay, fl l242S (850) 5~7·4566 Phoue (650} 547·4235 FAX

Attachment Z·l


102 IP ag e

Section 21: Financial Management and Oversight A. Oescrihe who will manage the school's finances and how the school will ensure strong internal controls over financial

managEmm1t and compliance with all fina11cial reporting requirements. The founding board of Athenian Academy recognizes that. like any other start-up business. financial management is crucial ta the success of the school. This places great responsibility on the board. and that responsibility is further intensified because public funds are being invested. The board further acknowledges that this responsibility cannot be shifted to a third party by contracting for back office services. Conversely. because of the complexity and uniqueness of charter school accounting and financial reporting. the board recognizes the value of engaging an appropriate third party ta provide back office services. In this way. the board enhances its capability to provide financial oversight.

Schaal financial Services (SFS} provides back office accounting services ta aver 50 charter schools in Florida. The firm limits its practice to charter schools. thereby providing access to knowledgeable professionals who are focused on charter schools in general and on Athenian Academy specifically. The school will be working directly with Gary Scott. President of School financial Services. and Keith Spence. Chief Operating Officer. School financial Services is SSAE IB certified. SFS has undergone an attestation engagement performed by an independent certified public accounting firm under the guidelines of Statement on Standards for Attestation Engagements {SSAE) No. IB. Reporting an Controls at a Service Organization. The resulting report indicated a positive opinion of management's description of SFS's internal control system and suitability of the design and operational effectiveness of internal controls. This report provides two benefits ta client schools of Schaal Financial Services: (I) The school's independent auditor can reduce testing of transactions. thus reducing the cost of the school's audit. and (2) The school can have confidence in the services provided by Schaal financial Services. School Financial Services uses Denali Fund Accounting software. which is specifically designed far not-for-profits. Denali has integrated general ledger. accounts payable. payroll. and bank reconciliation functions. The comprehensive nature of this software coupled with the internal controls in place facilitates the recording of transactions by fund. function. and object. This allows for transactions to be recorded accurately and appropriately. including properly identifying purchases of property. Property records are maintained in accordance with state requirements. Source documents supporting transactions are preserved. facilitating the audit process. General ledgers and books of original entry are kept allowing the preparation of financial statements in accordance with generally accepted accounting principles and in compliance with Redbaok.

Having appropriate financial statements will allow the preparation of projections of budget performance and cash balances through the fiscal year. thus allowing the school to adjust activity as necessary ta maintain fiscal integrity. The system as described has undergone numerous audits of dozens of schools by at least 7 different auditors in three states without any finding relating ta the accounting system. demonstrating the effectiveness of the process of fiscal management Schaal Financial Services will prepare. on an annual basis. a budget in cooperation with the Principal. The budget will outline all anticipated revenues and expenditures. by abject and function. The budget will be submitted ta the governing board for approval. Upon approval. a copy of the budget will be filed with the board minutes far public record. a copy will be held at the school site. a copy pasted to the school's website. and a copy will be provided to the sponsor.

SFS. an behalf of the School. shall prepare monthly financial statements. which shall include a balance sheet and a statement of revenues. expenditures. and changes in fund balance. The monthly financial statements shall be prepared in accordance with the function/abject dimensions prescribed in the Florida DOE publication. Financial and Program Cast Accounting and Reporting far Florida Schools (Redhook}. The Schaal shall also prepare and maintain all reports required ta be filed with the Government of the United States and the State of Florida. Such reports shall include. but are not limited to. all payroll tax returns and any required filing relating to the School's non-profit status.


103 IP age

The schaol Principal will be responsible far all aspects of school operations within the scape of operating policy and budgetary approval by the Governing Board. The schools on- site administration/faculty and staff will report directly ta the Principal. who then reparts ta the Governing Board. Schaal Financial Services will provide bookkeeping and financial forecasting services ta the Governing Board far its oversight and approval. The Board. at minimum. will be respansible far:

• reviewing and approving a preliminary annual budget priar to the beginning af the fiscal year; • reviewing quarterly ar monthly financial statements. which include a balance sheet and statement af revenue. expenditures.

and changes in fund balance. at each public Board meeting: • annually adopting and maintaining operating budget far the school: • retaining the services of a certified public accountant/ auditor to conduct the annual independent

Financial audit: • reviewing and approving the audit report. including audit findings and recommendations: • reporting to all applicable legal agencies including the charter school's sponsor; and • Overseeing the school's Principal and all financial matters delegated to the Principal.

The Principal will ensure that the DMT and the person collecting monies related ta each Athenian Academy Charter Schaal. Inc. schaal will. together. count money collected in the office and sign aff an the total received: the DMT maintains the ledger and reconciles the bank accounts. and is not a signor an checks; and that the Principal will review and approve each bank deposit and cash receipt reconciliation. All schools receiving Charter Schaal Program (CSP) Grant funding are required ta adhere ta the following for grant purchases exceeding $750

• Two (2) ar mare persons are required for approval af CSP purchases aver $750. • If the school does electronic banking and cannot show two authorized check signatures an purchases aver S75D. two

signatures must be an a written purchase requisition farm

B. Exp!aifl the mechanisms the governing board will use ta monitor the school's financial health and compliance. Detailed financial statements will be prepared monthly for analysis by the Charter Schaal Board. These financial statements will be reviewed by the Charter School Board at monthly meetings and will he submitted to the Sponsoring District for monitoring/review. The monthly financial statements will be in compliance with Rule BA-l.0081. F .A.C and include:

• Balance Sheet • Revenue and Expense Report • Year-to-date comparison of budgeted vs. actual revenues and expenditures • Notes to Accompany Financials. to include: • Actual enrollment at the time the statement is submitted • Projected enrollment for the current school year • Notes to the monthly financial statement ta include other material information

Supplemental information. including but nat limited ta. bank reconciliations. bank registers. detailed general ledgers. relevant correspondence from the sponsor. grantor agencies. etc .. will be provided ta the board as applicable. During the first year af operations. beginning with the September financial statements. the board will receive a projection of both cash and budget performance monthly. including projected cash deficits and proposed budget amendments. After the first year. this projection will be provided ta the board as needed or as requested by the board.

Check Signing Authority: Authorized signatories an all bank accounts shall be: President of the Board of Directors Principal


1041 P age

Assistant Principal Dr other designee approved by the Board of Directors All checks require any two {2) af the above named authorized signatories. Na check may be signed by an individual wha is also the payee.

Except as noted. all checks and contractual agreements for $25.000 and mare require specific approval af the Board af Directors. Checks for $25.000 and mare require the signature af an authorized board member and the Principal. Notwithstanding the above, normal recurring operating expenses which are reflected in the school's annual budget shall be exempt from requiring specific Board approval. Examples of expenses include. but are not limited to mortgage and insurance payments.

Petty Cash: Each school will maintain a maximum of S2DD.DO in its petty cash fund. Prior approval from the School Principal or designee must be obtained before expenses will be reimbursed. All disbursements must be recorded an a petty cash disbursement form and a receipt must be attached. Funds spent without the approval af the School Principal ar designee may not be reimbursed. Only reimbursements with proof af receipts of SIDD.DO or less may be reimbursed from petty cash. Petty cash expenditures may not exceed $20.DD without written approval from the Schaal Principal. ar designee. Reimbursements over SIDD.DD shall be handled through a purchase requisition form.

The DMT/atfice Manager shall write a purchase requisition farm far petty cash at the beginning af each fiscal year. The DMT shall be responsible far all petty cash disbursements and receipts. The DMT /Office Manager shall reconcile petty cash quarterly. or when the fund is less than $25.DO. The DMT shall replenish the fund by issuing a purchase requisition with all expenses listed and properly coded.

Na loans. temporary ar otherwise. are ta be made ta employees from petty cash funds. The Principal shall randomly audit the petty cash account at least twice per fiscal year. Athenian Academy Charter School. Inc. schools shall utilize the standard state codification af accounts. as contained in the Financial and Program Cast Accounting and Reporting far Florida schools. as a means af codifying all transactions pertaining ta its operations.

Bank Accounts: The Board af Directors shall approve all banking and financial institutions used by each school. The President af the Board of Directors. Principal. ar designee is authorized ta conduct all financial transactions in accordance with the policies set by the Board of Directors. Each school shall establish two (2) bank accounts. which shall include an operating account and internal funds account and any other accounts deemed necessary by the Board af Directors.

OperatingAccount·AII funds generated by the Florida Education Finance Program and other revenue shall be deposited into the operating account far the corresponding school. The operating account shall be used ta fund all operating expenses af the school. as approved in the school's budget. including but not limited ta. facility casts. payroll. and supplies. Internal funds Account-All funds generated by school personnel of a school are far the benefit of that school ar a schaalsponsored activity. The internal funds account shall be used ta fund school expenses as determined by the School Principal ar designee.

C. Describe the school's plans and procedures for conducting an annual audit af the financial operations of the school. The Schaal will adhere ta the audit selection requirements per Florida Statutes and the Auditor General Requirements and ensure that the Audit Report checklist {§ll.45{3){a). Florida Statutes. accompanies the audit in a timely manner in compliance with the charter agreement. The auditing firm shall be selected by request for proposal (RFP) with proposals only accepted from qualified firms. and significant credit given to firms far prior experience with charter schools. The audit report will be an agenda item of a board meeting. using findings and recommendations ta improve the effectiveness af its oversight.


1051 Page

Each year Athenian Academy Charter Schaal. Inc. shall retain an independent auditor to conduct an annual audit of each school's financial statements. The audit shall be submitted ta the respective Sponsor on ar before the contractual date required by each district A minimum of (BO) days prior ta the sponsor's date af request of audit documents. each year each school's governing board president shall: Establish factors to use for the evaluation of audit services ta be provided by a licensed certified public accounting firm qualified ta conduct audits in accordance with government auditing standards as adopted by the Florida Board of Accountancy. Such factors shall include. but are not limited ta. ability of personnel. experience. ability ta furnish the required services. etc. Publicly announce requests for proposals and must include. at a minimum. a brief description of the audit and indicate how interested firms can apply far consideration. The request for proposal shall include information cm how proposals are to he evaluated and such other information the committee determines is necessary for the firm to prepare a proposal. If compensation is one of the evaluation factors. it shall not be the sale or predominant factor used ta evaluate proposals. The board will rank and recommend in order af preference at least three firms deemed to be the most highly qualified to perform the required services after considering all the evaluation factors. If fewer than three firms as it deems to be the most highly qualified.

The Board of Directors shall inquire af qualified firms as ta the basis af compensation. select one of the firms and negotiate a contract: using one of the following methods If compensation is not one of the evaluation factors. and is not used ta evaluate auditing firms. then the Board of Directors shall negotiate a contract with the firm ranked first. If compensation is one of the evaluation factors. and is used ta evaluate auditing firms, then the Board of Directors shall select the highest-ranked qualified firm ar must document in its public records the reason for not selecting the highest-ranked qualified firm.

The Board of Directors will select a firm and negotiate a contract with such firm must ensure that the agreed-upon compensation is reasonable ta satisfy the requirements of F . S . 2 I 8 . 3 9 and the needs af the Board of Directors. Procurement of audit services shall be evidenced by a written contract embodying all provisions and conditions of the procurement of such services. For purposes of this section. an engagement letter signed and executed by bath parties shall constitute a written contract. The written contract shall. at a minimum, include the following; A provision specifying the services ta be provided and fees or other compensation for such services A provision requiring that invoices for fees or other compensation be submitted in sufficient detail to demonstrate compliance with the terms of the contract. A provision specttying the contract period. including renewals and conditions under which the contract may be terminated or renewed. Renewal of a contract shall be in writing

State of Financial Emergency If a school's internal audit or annual financial audit reveals a state of financial emergency as defined in f .S. 218.503 ar deficit financial position. the auditor shall notify the Athenian Academy Charter Schaal Board af Directors. the Sponsor. and the Department of Education. The internal auditor shall report such findings in the form of an exit interview to the chair of the Board of Directors and his/her designee within seven working days after finding the state of financial emergency or deficit position. A final report shall be provided to the entire Board of Directors. the Sponsor. and the Department of Education within fourteen working days after the exit interview. If the school is in a state of financial emergency. the school shall file a detailed financial recovery plan with the Sponsor.

D. Oescribe the method by which accounting records will be maintained. The Principal shall be responsible for the handling and expending of all school funds according to the direction of the board ... Accurate records of all transactions shall be kept and reports an expenditures shall be given to the Board af Directors an a quarterly basis. Every purchase shall be recorded an a requisition form. All requisition forms must be approved by the Principal or designee prior ta being ordered. In the sale discretion of the Principal. emergency purchases may be made with verbal permission. but must be followed up with the appropriate requisition form. Checks will be issued for invoices. Invoices must be attached ta a purchase requisition form


1061 P age

and are approved by the Principal or designee. A copy nf every purchase requisition shall be maintained on file and shall be matched to the order when items are received. All packing slips shall be verified against purchase orders when items arrive. Expenditures from school funds shall be approved by the Principal and based upon the annual budget. The Board af Directors shall be notified of expenditures not included on the annual budget or that have exceeded the amount budgeted. All expenditures shall be paid for by check. except those approved by the Principal to be paid from a petty cash fund. To provide financial information that is comparable ta that reported for other public schools, the school will maintain all financial records in an accounting system that is in accordance with the accounts and codes prescribed in the most recent issue of the publication titled. "Financial and Program Cost Accounting and Reporting far Florida Schools" {Redbank), pursuant ta § ma2.33{S) (i) I of the Charter School Law. Thus. the School's accounting will be consistent with accounting conducted far Florida school districts and will contain a uniform chart af accounts for budgeting and financial reporting. The uniform chart of accounts addresses topics that include governmental accounting standards. program cast accounting. and reporting.

Schaal Financial Services. Inc. will maintain the accounting records of the Schaal. and uses Denali Fund Accounting software, which is specifically designed far not-far-profits. Denali has integrated general ledger. accounts payable. payroll. and bank reconciliation functions. The comprehensive nature of this software coupled with the internal controls in place facilitates the recording of transactions by fund, function. and object. This allows for transactions to be recorded accurately and appropriately. including properly identifying purchases of property. Property records are maintained in accordance with state requirements. Source documents supporting transactions are preserved. facilitating the audit process. General ledgers and books of original entry are kept allowing financial statements in accordance with generally accepted accounting principles and in compliance with Redhook. The documents comprising the accounting records will be kept in accordance with the General Records Schedule for Local Government Agencies GSI-L as authorized by 119 and 257. FS.

E. Describe haw the school will ensure financial transparency to the authorizer and the public. including its plans far public adaption of its budget and public dissemination of its annual audit and financial report. There are three overlapping layers af financial transparency required of charter schools. First. the Internal Revenue Code require the exempt organizations to make its Form ID23 (Application far Recognition of Exemption under Section SOI (c) 3) and its annual Form 990 (Return of Organization Exempt from Income Tax) available for public inspection and copying. Additionally. charter schools are bound by Florida's Government in the Sunshine Law. provisions of which include the public notice of and the opportunity for public participation in board meetings; as well as the Public Records Act. which ensures public access to records and documents. Finally. !002.33 (9) (p). Fla rid a Statutes. requires charter schools to provide access. through its website. to the annual budget and independent audit. Athenian Academy will comply with these. Every year a budget for each school shall be developed in accordance with Financial and Program Cast Accounting and Reporting far Florida Schools ("Redhook") and presented to the Board of Directors. The proposed budget shall caver projected revenue and expenses needed to operate the school an a dayta- day basis. The Board of Directors shall meet during any regular meeting. special meeting to review. discuss and/or approve the budget. After the budget is approved by the Board of Directors. the Board Liaison shall forward a copy af the approved budget to the School's Sponsor by their respective contractual due date. Following adaption of the annual budget by the Board of Directors. all amendments to the budget must be approved by the Board af Directors. Athenian Academy Charter School shall provide monthly financial statements to the Sponsor which shall include a balance sheet. a statement af revenues and expenditures and changes in fund balance prepared in accordance with Generally Accepted Accounting Principles and in a format to include a detail af all revenue and expenditure activities compared ta budgeted amounts relating to its operations.

Yearly: Program Cast Accounting Report: The schools shall provide ta the sponsor program cost report information in the state-required formats for inclusion in district reporting. This report shall be submitted ta the respective Sponsor an ar before the contractual date required by each district.


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Un-audited Statements: Certain districts may require its schools to submit un-audited financial reports for the period of July I - June 30 of each year. In the event a district may require un-audited financial reports. the report shall be formatted by revenue source and expenditures. and detailed by function object. and submitted to the Sponsor no later than the contractual date due each year. After each fiscal year. School Financial Services shall prepare the un-audited statements and provide them to the Board of Directors for review. Following review by the Board of Directors. they shall provide a report ta the Sponsor.

F. Describe any key back-office services to be outsourced via contract. such as business services. payroll. and auditing services. Include the anticipated costs of such services and criteria far selecting such services. Athenian Academy plans to contract with School Financial Services (SFS) to provide back office accounting and payroll services. SFS provides comprehensive services. including. by general category, accounts payable. general ledger maintenance. financial statement preparation. cash management. budgeting. grant reporting. payroll processing. and payroll return preparation. The standard fee for accounting services is 3% of FHP net of the district administration fee. This rate is reduced by 0.1% far each full $1.000.000 of net FEFP. The fee for payroll services is 1.2596 of gross salary. There is no additional fee for supplemental or correcting payrolls. No contract will be in place until the charter is approved. The contract will be binding on the school at the beginning of the first year of operations. All services to that paint are provided pro-bona. Athenian Academy will engage an independent auditor. The school has not yet identified the auditor. as the selection will be made through the RFP process. and in compliance with Florida Statutes and Auditor General Guidelines.

Payeur Payroll Services: S280.0D monthly Paycor has spent years perfecting the payroll process. The online platform is designed to be exceedingly usable. while also being robust and feature-filled enabling the ability to handle the complexities that come with payroll and managing a staff.Joday. through user-inspired design. they ensure you're using software that makes HR and payroll simple. mistakes easy to catch and the entire process as painless as possible. You can get in. make edits. run payroll. and get out. (Paycor Website)

Zana Benefits: Sl2.DD par employee Zane Benefits was founded in 2006 with a mission to consumerism employee benefits for small business. We have a vision for the world where employee benefits are employee benefits rather than employer benefits. "Consumerism" is the word we use to describe that vision. When small businesses offer Zane Benefits instead of traditional benefits. they save time and money by empowering employees with tax-free dollars. Using our online software platform (People KeeplID). small businesses help employees purchase their own benefits with real dollar contributions. (Zane Website) IRS Compliance; Zane ensures clients comply with IRS rules by providing electronic legal documents. expense verification and audit assurance.

G. Describe haw the school will store financial records. Student and financial records will be kept in accordance with the General Records Schedules GSI-SL and GS7. as authorized by 118 and 257. FS. "Record" includes any pertinent information. regardless af the media stored upon. Therefore. written record. audio recordings. video recordings. disks. etc .. are all considered records. Financial records will be kept in electronic and paper formats. Permanent documents. such as deeds. mortgages. etc .. will be kept in secure. locked. fire-proof cabinets. The school will comply with public records law; the definition of a public record in Section 119.011(12). F.S .. is broad and allinclusive. The statute reads as follows: "Public records" means all documents. papers. letters. maps. books. tapes. photographs. films. sound recordings. data processing software. or other material. regardless af the physical form. characteristics. or means of transmission. made. or received pursuant to law or ordinance or about the transaction of official business by any agency. Records in Support of Financial or Performance Audits - These records will be retained in accordance with the following guidelines provided by the Florida Office of the Auditor General: Records must be retained for


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at least three fiscal years (mast financial records must be retained for a minimum of five fiscal years in accordance with guidelines of the Department of Financial Services and the Office of the Auditor General). If subject to the Federal Single Audit (pursuant ta 31 USC. Section 7502. and OMB Circular A-133. Audits of States. Local Governments. and Non-Profit Organizations. Subpart E) or other federal audit or reporting requirements. records must be maintained far the longer of the stated retention period or three years after the release date of the applicable Federal Single Audit or completion af other federal audit or reporting requirements. Finally. if any other audit. litigation. claim. negotiation. or other action involving the records has been started before the expiration af the retention period and the disposition of the records. the records must be retained until completion of the action and resolution of all issues which arise from it. However. in no case can such records be disposed af before the three-fiscal year minimum.

H. Describe the insurance coverage the school will obtain. including applicable health. workers compensation. general liability. property insurance, and directors' and officers' liability coverage. The Athenian Academy Charter Schaal will comply with Schaal District Policies: The Schaal will. at its awn expense. provide evidence af insurance consistent with the Sponsor's requirements far insurance and in accordance with the period far providing that insurance as stated in the charter. The Schaal will only acquire insurance from an insurer (carrier) that is authorized by the Department of Insurance of the State of Florida. or an eligible surplus line insurer under Florida Statutes. The insurer will have an AM Best rating of "A-" or better and financial size category of "IV" or better according to the latest edition of Best's key rating guide published by AM Best Campany. Insurance coverage will procure and maintain coverage consistent with the Sponsor's requirements far insurance and expected to be as fallows.

Health The school will provide health and other group insurances ta employees in amounts competitive with other employers.

Worker's Compensation Insurance Part I as required in Florida Statute and Part II shall have the fallowing limits: $5DD.DOO each accident: $500.DDD Disease - each employee: and SSOD.000 disease - policy limit.

Commercial General Uability Insurance Dne million per accurrence/3 million annual aggregate. The coverage for property damage may be subject ta a maximum deductible of SI.DOD per occurrence.

Property Coverage Property coverage insurance will be carried on all real and tangible property with a value greater than $500.

School Leaders Errors and Omissions Insurance One million dollars per claim/ annual aggregate. maximum S25.DOD deductible. Additionally. as needed. the school will establish the fallowing coverages:

Fidelity Bonds: The Schaal will carry fidelity bonds (limits as per charter agreement) on all employees whose duties include receiving ar disbursing cash.

Automobile Liability Insurance One million per occurrence/3 million annual aggregate including all owned. hired. and nonawned automobiles.

Builder's Risk Insurance: Insurance equal to the actual replacement cost for construction work.


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Section 22: Start-Up Plan A. Present a projected timetable for the school's start-up, including but nut limited to the following key activities: The

school has established relationships with School Financial services. Florida Schools Book Depositary. C!assroam Outfitters. etc. This fact will assist in timel im lementatian of the timeline due to existin accounts. · Submit Final Charter Application August 2017 I A r · t Ch t A I d c tr t I a t b 2m1 : n 1c1pa e ar er pprova an on ac co er i Recruit and Interview Governing Board I Within the school district upon contract approval

Seat Governing Board Complete with open seats I Retain Legal Counsel i Complete

Apply for Florida CSP Start Up Grant I Immediately upon Application /Contract Approval Marketing Campaign Ongoing through Planning Hast Community Informational Meetings I Ongoing through the planning Phase

i RecruHScha~Leader On Track i School Leader Training Immediately Upon Hire {Ouring Planning Phase)

Recruit Instructional Staff Immediately upon Contract Approval Instructional Staff Training , Immediately Upon Hire of Team (During Planning Phase) Curriculum Fine-tuning I Ongoing during the planning phase Organizational Design Fine-tuning Ongoing during the planning phase Financial Design Fine-tuning Ongoing through the planning phase Secure Contracted Services On Track Recruiting students Immediately upon contract approval Identifying and securing facility In Progress

j land Acquisition. Site and building preliminary designs In progress I new construction is desired I Architect Firm Secured throuoh orevious oroject I

! Complete Site Civil Engineering TBA I Submit Civil Engineering documents for approvals and TBA

complete Building Construction Plans Submit Building Plans for Permit TBA Building permits Issued TBA Construction Start TBA Certificate of Occupancy submitted ta School Board No later than 15 days prior ta date of opening or upon

request Enrollment lottery. if necessary March 2D18 Establishing financial procedures Jan 20!8 Finalizing transportation and food service plans Feb 20!8

Procuring furniture, fixtures, and equipment Feb 20!8 i Procuring instructional materials March- April 20!8

Insurance Immediately upon completion of construction I acquisition Inspections TBA Securing /Financing/ I Funding I On Track- Building Hope Foundation


Documents

Ill. BUSINESS PLAN - Lee County School District · B. Provide an estimate of the casts of the anticipated ... inspector. who may be employed by ... • Possession of a valid Medical