Matthew Fox, Esq. Wendi Hawk, EdD Chair Chief Executive ... · Matthew Fox, Esq. Chair Wendi Hawk, EdD Chief Executive Officer 2651 N. Green Valley Pkwy, #106 Henderson, NV 89014

Matthew Fox, Esq.

Chair

Wendi Hawk, EdD

Chief Executive Officer

2651 N. Green Valley Pkwy, #106

Henderson, NV 89014

Henderson: 233 N. Stephanie St. // Henderson, NV 89074 | Summerlin: 850 S. Durango Dr. // Las Vegas, NV 89145 Downtown: 300 North 13th St. // Las Vegas, NV 89101 | Sunrise: 2425 N. Lamb Blvd. Suite 130 // Las Vegas NV 89115

Meadowwood: 7530 Longley Drive #103, Reno, NV 89511 | Southwest: 7885 W. Sunset Rd. #170 // Las Vegas, NV 89113 p. 702-953-2600 f. 702-953-2608 // www.earlycollegenv.com

MEMORANDUM

TO: Nevada State High School Governing Body

FROM: John Hawk, Chief Operations Officer

SUBJECT: Employee Performance Incentives

DATE: October 12, 2019

Table 1: Category of all performance incentives initiated at nshs

FY1516 FY1617 FY1718 FY1819 FY1920 Total**

Student 4 4 15 9 10 57

Parent 2 3 9 3 21

School 8 11 22 51 20 125

Employee 4 4

Grand Total 12 17 40 69 37 207

Table 2: Status of all performance incentives at nshs


Complete 12 16 33 51 8 146

In Progress 28 28

Incomplete 1 7 18 1 33

Grand Total 12 17 40 69 37 177

Table 3: Average grade of all completed performance incentives at nshs


Complete 3.60 3.17 3.42 3.08 3.97 3.32

Grand Total 3.60 3.17 3.42 3.08 3.97 3.32

Table 4*: Average payout of all completed performance incentives at nshs


Complete $ 688.71 $ 588.50 $ 687.09 $ 610.17 $ 877.00 $ 640.83

Grand Total $ 688.71 $ 588.50 $ 687.09 $ 610.17 $ 877.00 $ 640.83 * This averages zero payouts for any performance incentive receiving a grade lower than 2.0. **This include FY1314 that is not shown here and represents the first year that we have implemented performance incentives at NSHS.

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http://www.earlycollegenv.com/

Continued from the previous page



Below is a status of current employee performance incentives for school year 2019 - 2020 by title. Ratification from the Governing Body is requested for the following:

1. Student AA / 60 Credits Plan | In Progress, $ 2. Student aa / 60 credits plan | In Progress, $ 3. Student increase college presence at nshs | In Progress, $ 4. School archive records | In Progress, $ 5. School national clearinghouse maintenance | In Progress, $ 6. School start of year data entry | Complete, $871 7. School financial fall 2019 | In Progress, $ 8. School operations fall 2019 | In Progress, $ 9. School budget fall 2019 | In Progress, $ 10. School ready to enroll 800 students | Incomplete, $EV 11. School to develop budget strategy for reno | Complete, $929 12. School operations paperwork and training for 90% of all staff | Complete, $929 13. School three candidates hired or cultural fit for BM or HR | Complete, $929 14. School summer development plan with 90% of all staff | Complete, $929 15. School to separate annual trainings versus development | Complete, $929 16. Student course validations, fall 2019 | In Progress, $ 17. Student act prep completion downtown, fall 2019 | In Progress, $ 18. School end of semester at downtown, fall 2019 | In Progress, $ 19. School opening at downtown, fall 2019 | In Progress, $ 20. Student act prep completion southwest, fall 2019 | In Progress, $ 21. School end of semester at southwest, fall 2019 | In Progress, $ 22. School opening at southwest, fall 2019 | In Progress, $ 23. Student act prep completion henderson, fall 2019 | In Progress, $ 24. School end of semester at henderson, fall 2019 | In Progress, $ 25. School opening at henderson, fall 2019 | In Progress, $ 26. School cleaning front office at henderson, fall 2019 | In Progress, $ 27. Student academic success meetings southwest, fall 2019 | In Progress, $ 28. Student act prep completion meadowwood, fall 2019 | In Progress, $ 29. School end of semester at meadowwood, fall 2019 | In Progress, $ 30. School opening at meadowwood, fall 2019 | In Progress, $ 31. Parent performance reviews at henderson, fall 2019 | In Progress, $ 32. Student academic success meetings henderson, fall 2019 | In Progress, $ 33. Student course validations, fall 2019 | Complete, $750 34. Parent performance reviews at henderson, fall 2019 | In Progress, $ 35. School end of semester at sunrise, fall 2019 | In Progress, $ 36. School opening at sunrise, fall 2019 | In Progress, $ 37. Student course validations, fall 2019 | Complete, $750 38. Parent performance reviews at henderson, fall 2019 | In Progress, $

If you have any questions regarding this information, then please call me at 702-332-2593.

Thank you,

Dr. John Hawk Chief Operations Officer/Executive Director

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Matthew Fox, Esq.

Chair

Wendi Hawk, EdD

Chief Executive Officer 2651 N. Green Valley Pkwy, #106

Henderson, NV 89014



MEMORANDUM

TO:

FROM:

SUBJECT:

DATE:

Nevada State High School Governing Body

Candyce Farthing, Academics and Accountability Director

Student Scorecards

October 12, 2019

Chart 1: Scorecards comparing end of first semester final student designation for school years

Chart 2: Scorecards comparing end of second semester final student designation for school years

If you have any questions regarding this information, then please call me at 702-332-2593.

60%74% 71%

62%76%

65%

19%9% 17%

17%

12%18%

21% 17% 13%21%

12% 16%

41% 44% 43% 45% 48%

7%13% 14% 9% 9%

52%43% 43% 46% 43%

O C T J U N O C T J U N O C T J U N O C T J U N O C T J U N O C T J U N

F Y 1 4 1 5 F Y 1 5 1 6 F Y 1 6 1 7 F Y 1 7 1 8 F Y 1 8 1 9 F Y 1 9 2 0

60%74% 71%

62%76%

65%

19%9% 17%

17%

12%18%

21% 17% 13%21%

12% 16%

44%59%

48%

78% 80%

12%

12%23%

7% 3%44%30% 29%

15% 17%

O C T J A N O C T J A N O C T J A N O C T J A N O C T J A N O C T J A N

F Y 1 4 1 5 F Y 1 5 1 6 F Y 1 6 1 7 F Y 1 7 1 8 F Y 1 8 1 9 F Y 1 9 2 0

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Continued from the previous page



Scorecard data for school year 2019-2020 | RESPECTIVE LOCATIONS

Original designation before ‘red’ triggers* Final designation after ‘red’ triggers*

Levels Return Students

New Students

Grand Total Levels

Return Students

New Students

Grand Total

October 2019 Scorecards NETWORK

GREEN 122 (14%) 42 (5%) 164 (18%) GREEN 111 (12%) 36 (4%) 147 (16%)

YELLOW 216 (24%) 443 (49%) 659 (73%) YELLOW 77 (9%) 87 (10%) 164 (18%)

RED 13 (1%) 63 (7%) 76 (8%) RED 163 (18%) 425 (47%) 588 (65%)

Total 351 (39%) 548 (61%) 899 (100%) Total 351 (39%) 548 (61%) 899 (100%)

October 2019 Scorecards HENDERSON

GREEN 66 (19%) 14 (4%) 80 (23%) GREEN 62 (18%) 8 (2%) 70 (20%)

YELLOW 83 (24%) 163 (46%) 246 (70%) YELLOW 32 (9%) 33 (9%) 65 (18%)

RED 3 (1%) 24 (7%) 27 (8%) RED 58 (16%) 160 (45%) 218 (62%)

Total 152 (43%) 201 (57%) 353 (100%) Total 152 (43%) 201 (57%) 353 (100%)

October 2019 Scorecards SUMMERLIN

GREEN 30 (14%) 13 (6%) 43 (19%) GREEN 28 (13%) 13 (6%) 41 (18%)

YELLOW 58 (26%) 104 (47%) 162 (73%) YELLOW 24 (11%) 20 (9%) 44 (20%)

RED 3 (1%) 14 (6%) 17 (8%) RED 39 (18%) 98 (44%) 137 (62%)

Total 91 (41%) 131 (59%) 222 (100%) Total 91 (41%) 131 (59%) 222 (100%)

October 2019 Scorecards DOWNTOWN

GREEN 8 (10%) 2 (3%) 10 (13%) GREEN 7 (9%) 2 (3%) 9 (11%)

YELLOW 24 (30%) 34 (43%) 58 (73%) YELLOW 3 (4%) 6 (8%) 9 (11%)

RED 3 (4%) 9 (11%) 12 (15%) RED 25 (31%) 37 (46%) 62 (78%)

Total 35 (44%) 45 (56%) 80 (100%) Total 35 (44%) 45 (56%) 80 (100%)

October 2019 Scorecards SUNRISE

GREEN 4 (5%) 2 (2%) 6 (7%) GREEN 3 (4%) 2 (2%) 5 (6%)

YELLOW 18 (21%) 48 (56%) 66 (78%) YELLOW 6 (7%) 5 (6%) 11 (13%)

RED 4 (5%) 9 (11%) 13 (15%) RED 17 (20%) 52 (61%) 69 (81%)

Total 26 (31%) 59 (69%) 85 (100%) Total 26 (31%) 59 (69%) 85 (100%)

October 2019 Scorecards SOUTHWEST

GREEN 7 (7%) 7 (7%) 14 (14%) GREEN 4 (4%) 7 (7%) 11 (11%)

YELLOW 22 (22%) 63 (62%) 85 (83%) YELLOW 8 (8%) 12 (12%) 20 (20%)

RED - (0%) 3 (3%) 3 (3%) RED 17 (17%) 54 (53%) 71 (70%)

Total 29 (28%) 73 (72%) 102 (100%) Total 29 (28%) 73 (72%) 102 (100%)

October 2019 Scorecards MEADOWWOOD

GREEN 7 (12%) 4 (7%) 11 (19%) GREEN 7 (12%) 4 (7%) 11 (19%)

YELLOW 11 (19%) 31 (54%) 42 (74%) YELLOW 4 (7%) 11 (19%) 15 (26%)

RED - (0%) 4 (7%) 4 (7%) RED 7 (12%) 24 (42%) 31 (54%)

Total 18 (32%) 39 (68%) 57 (100%) Total 18 (32%) 39 (68%) 57 (100%) * red triggers may or may not include: failed class previous semester, failed any proficiency, in remedial college math, or other issues may be considered red flags for intervention

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Nevada State High School Page 1 of 5 Governing Board Regular Meeting

August 15, 2019 DRAFT

NEVADA STATE HIGH SCHOOL

Public Board Meeting

Thursday, August 15, 2019, 6:30 p.m.

Nevada State High School

2651 N. Green Valley Pkwy, #106

Henderson, NV 89014

MINUTES OF MEETING (FLAGSHIP)

DRAFT Members

Present: Matthew Fox, Chair

Michael Pelham, Vice Chair

Nohemi Garcia, Clerk

Luis Maceira

Dianna Burns

Saul Wesley

Cathy Sterbentz

Barbara Graham (teleconference)

Kelly Moxley (teleconference)

Members

Absent:

Others Present: John Hawk, Chief Operation Officer for NSHS

Wendi Hawk, Chief Executive Officer

Nya Berry, Executive Director for NSHS

Matt Iles, Marketing Engagement Director

Jordan Nelson, Academic and Accountability Director

Erika Capulo, Operations Manager

Marian Vo, Business Manager

1) Call to Order/Roll Call/Pledge of Allegiance/Approval of a Flexible Agenda

Chair Fox called meeting to order at 6:33 p.m., with a quorum of eight members present.

At this time, agenda item 2 was opened.

2) Public Comments

No comments.

3) Approve the appointment of one teacher member school policy (ref. PLCY_03.001)

(Matthew Fox, Chair) (For Possible Action)

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a) Ms. Cathy Sterbentz, Special Education Teacher – Intellectual Disabilities for the Clark

County School District. Cathy introduces herself, been in the school district for 11 years. Her

son graduated from Foothill and Cal Poly.

Michael Pelham moved to approve agenda item 3. Nohemi Garcia seconded the motion.

Motion carried unanimously. 8-0-0.

4) EXECUTIVE UPDATE: An update from members of the executive leadership team on the

progress and performance of the school (John Hawk, COO)

a) Employee progress on executing performance incentives

- John Hawk reviews performance incentives from FY1819. Incentives gone down for

average scores. Chair Fox asked what the target is. JH mentions that 3.5 is the target.

Mentions employees leaving have a factor, would increase if these employees were taken

out.

b) Student progress on the desired result using student scorecards FY1819

- Jordan Nelson reviews the student scorecard progress. Goal is 90% of students

performing successfully in a college environment – measured by turning stuff in on time,

going to social events, how they are doing in classes. JN indicates original designation

will be reviewed to see if there is an increase there. Performance incentives to get

students out of SS. NB indicates rock this quarter is to have 80% of students with all

portfolio items submitted. Quality improvement in student. ACT prep classes, additional

tutors at all sites, and additional ELL support through the grants received from Title I,

Title II, and Title III. Chair Fox asked to clarify what a green student would look

like. NB explains they have submitted/passed all classes. Supports across all networks.

Chair Fox would like to get a summary of the overall strategy.

c) School enrollment at each campus location

-NB reports enrollment # for fall as of today, explains provided document. Total

approved number from April 2018 (1,089). She explains new (472)/returning student

(349), total enrollment (821). NB indicates leadership team has quarterly rocks. Use

EOS system, which allows leadership team to set goals and build traction towards

reaching goals on a quarterly basis. Current quarterly rock to hit 875 students enrolled by

the end of the quarter. She reviews student enrollment process, paperwork online

through new system, then get a college schedule. Some late enrollers did not get into

math classes – to remedy that, able to get permission from WNC for Southern Nevada

students to be participating online. Good chance # will move closer to 875 by end of next

week. MP asks what strategies to bring in new students, raise awareness, Northern

Nevada, planned for 125 students and got 50 students. JH answers – grant program,

$60,000 put into sending out mailers, four mailers to 10th and 11th graders, was effective.

Also used $1,000 per month on Google ad spend and Facebook ad spend (Reno area).

Also contracted with public relations company for help with outreach. Wendy had a

couple spots on The Morning Show, asking her questions about the school. It's a

snowball effect – nervous about transitioning. Foothill competition, nervous teachers – in

Northern Nevada, just a nervous tension people have about the school, but student

numbers will grow. MI explains that they are working to find out what works for what

will build up organically (organic ranking).

d) Charter Amendment (new locations for FY2021 & Central Offices)

- JH gives update on charter amendment. Put a hold on West Henderson expansion until

approved zip codes by SPCSA. Chair Fox asks if there is a relation with enrollment #.

JH confirms no, because that won't open until next year.

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e) Network's strategic plan and organizational charts

- JH explains that new seats to accountability chart – one in HR, one in operations

management. EC stepped down from finance and operations director position to

operations management position. And moving seat of counselor to Academics and

Accountability Department. Losing Ms. Nelson from Academic and Accountability

Director position, moving to Florida. JH explains that the accountability chart is who is

accountable to what and who is accountable to who. JH explains three charters currently

exist. There is currently talk about being able to consolidate the charters into one. JH

reviews the . . . three-year plan, an issue of having a central office for people to work in,

able to achieve that.

f) Development opportunity to see if board members are interested in attending the Charter

School Association of Nevada annual conference and preconference dinner at The Orleans Hotel

and Casino on the evening of Th. 9/26 & F: 9/27

https://www.nvcharterconference.info/2019

- JH invites the members to the CSAN conference. Excited to see where the movement is

going.

g) Development opportunity for board training on open meeting law, ethics, and board best

practices tentatively on 10/24, 10/25, 10/28, or 10/29.

- JH explains there was an open meeting law complaint for the board and how it was

posting stuff, which has been resolved. There were trainings . . . there were questions

regarding training. Date is TR: 10/24 – morning training in ethics, open meeting training.

And mentor, Dr. Jim Hager, conducting best practices for governance. About two and

half- to three-hour training. Will be put on Facebook live, but social media team will

tape it as well. JH will be disseminating information.

5) CONSENT AGENDA: Information concerning the following consent agenda items has

been forwarded to Governing Body members for study prior to the meeting. Unless a

Governing Body Member has a question concerning a particular item and asks that I be

withdrawn from the consent list, items are approved at one time. (Matthew Fox, Chair)

(For Possible Action)

a) Approval of the meeting minutes from 4/25/2019 and 5/09/2019

b) Approval of the school's student handbook FY1920

c) Approval of the school's staff handbook FY1920

Handbooks found here: http://earlycollegenv.com/about-us/governance/

d) Approval of Emergency Action Plan/Crisis Plan for FY1920 PCDR_04.003 (recommended

by committee)

e) Approval of Internet Safety Policy PLCY_04.002

f) Approval of Safe and Respectful Learning Environment Policy PLCY_04.003

g) Approval of Test Security Plan and Test Security Annual Update FY1920

h) Approval and ratification of purchase orders PLCY_03.003 Article I Sec. 1.03

i) Approval school discipline and firearm report sent to the NV Dept. of Education

j) Approval of the school's Parent Involvement Plan FY1920

k) Approval of the school's School Performance Plan FY1920 to comply with the NRS 385.357

plan to improve achievement of pupils under NRS 385.3573

l) Approval of Nevada State High School Special Education Policy as written by the State

Public Charter School Authority and posted on the school's website here

http://earlycollegenv.com/wp-content/uploads/2017/10/171008-NSHS-Special-Education-

Adopted-Manual-From-SPCSA.pdf

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https://www.nvcharterconference.info/2019

http://earlycollegenv.com/about-us/governance/

http://earlycollegenv.com/wp-content/uploads/2017/10/171008-NSHS-Special-Education-Adopted-Manual-From-SPCSA.pdf

http://earlycollegenv.com/wp-content/uploads/2017/10/171008-NSHS-Special-Education-Adopted-Manual-From-SPCSA.pdf



m) Approval of NSHS attendance, progressive discipline and harassment policy

n) Approval to continue staff and administrative performance incentives

o) Ratify administrative performance pay and accrual of time from FY1819

p) Ratify employee contracts for FY1920

q) Approval of a letter confirming special education $25,000 set-aside

r) Approve PLCY_02.003 complaint, freedom of expression, harassment changes

JH indicates consent agenda item is information that has been sent previously prior to meeting.

JH would like to exclude member Wesley form PO. Member Wesley is providing services for

the school's carwash this weekend. Chair Fox indicates he would not like to pull any items but

asks if there were any substantial changes to policies and handbook. JH mentions on staff

handbook that a change has been added with regards to dress code, not going to require everyone

to wear logo, but if you spend school's money on shirt, you should actually wear it, don't let it

gather dust. WH explains changes in student handbook. She explains that she has been in

communication with SPCSA - $500 fine for students who willfully take more credits than they

are supposed to. The State is concerned about us charging anything whatsoever, even for

withdrawal classes or failed classes, etc. Fee vs. fine issue. She explains this will upset schools

not to be able to charge anything . . . she said the State has forced school to take charge policies

out of the handbook, which will cause problems. JN – point of clarification for GPA in the

handbook, that GPA is not used for entrance into the school or graduation. WH gives bad news –

have to do the review again, will use NSHS as test on how they will review other schools with

similar models. On 10/21, network-wide accreditation review (have been trying to do this since

2016). WH mentions she will need help. Chair Fox asks to clarify item 5k, appendix C, item

priority need goal, school improvement plan. JN explains this is for – are they getting out of

study skills, how are they doing in their performance. Clarify to 75% is goal to green on school

improvement plan. JH explains that it's taking four semesters to get to green.

Michael Pelham moved to approve agenda item 5 except 5h. Saul Wesley seconded the

motion. Motion carried unanimously. 9-0-0.

Pulled 5h, DB motion to approve, MP seconded, 8-0-1. Member Wesley abstained.

6) Approve PERS critical labor shortage under PERS policy 10.34

https://www.nvpers.org/public/employers/PERS%20Official%20Policies.pdf in compliance

with NRS 286.523 for NSHS Director of Site Administration and Educational Advising

Coordinator. (John Hawk, COO) (For Possible Action)

JH explains candidates for DSA/EAC are not even moving through the school's hiring process

and spent money to advertise. Asking to approve retirees to work for two years, problem with

persist with growth.

Luis Maceira moved to approve motion 6. Nohemi Garcia seconded the motion. Motion

carried unanimously. 9-0-0.

7) Approval for Nevada State High School Network to apply for local, State, Federal, or

private grants that is consistent with the school's mission for any school in the network's

portfolio including expansion and replication schools. (John Hawk, COO) (For Possible

Action)

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https://www.nvpers.org/public/employers/PERS%20Official%20Policies.pdf



Asking for approval to search and apply for grants.

Luis Maceira moved to approve motion 7. Michael Pelham seconded the motion. Motion


8) Approval of the school's determination of which statutes and bills from the recent legislative

session directly affect pupils, parents, teachers, administrators, or other education

personnel of the charter school and require a plan for implementation. (John Hawk, COO)

(For Possible Action)

JH highlighted two key legislative issues:

1) Moratorium Bill – more thoughtful growth from charter schools, celebrate at this time.

2) Student center funding formula – supposed to take special education student and increase

revenue for them at 1.5. Representation at the committee, anticipating to receive $150 to $250

more per student. MP explains numbers came out – a little over $10,200 per student, a $900

increase from prior year.

Dianna Burns moved to approve motion 8. Saul Wesley seconded the motion. Motion


9) Board Member Comments

No comments.

10) Public Comments

No comments.

11) Adjournment

Meeting ends at 7:31 p.m.

Michael Phelam moved to approve motion 11. Nohemi Garcia seconded the motion.

Motion carried unanimously. 9-0-0.

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Count PO Number Status Vendor Total001 19200001 Closed Millennium Operations LLC 1,666.00$ 002 19200002 Closed Steven E. Traisman 13,250.00$ 003 19200003 Closed Genesis Technologies, Inc. 1,135.00$ 004 19200004 Issued James L Hager 10,000.00$ 005 19200005 Closed Park Management Corp 550.98$ 006 19200006 Issued Integrita Systems, LLC 5,000.00$ 007 19200007 Issued MASN, LLC 98,357.75$ 008 19200008 Issued Ultimate Building Services, INC 7,900.00$ 009 19200009 Issued AM Fire & Electronic Services, Inc. 2,380.00$ 010 19200010 Issued Jeffrey Lee Landscaping 1,080.00$ 011 19200011 Issued Republic Services 1,800.00$ 012 19200012 Issued Mountain View Pest Control 600.00$ 013 19200013 Issued Cox Communications Inc 1,728.00$ 014 19200014 Issued Staples Business Advantage 3,000.00$ 015 19200015 Issued NV Energy 9,600.00$ 016 19200016 Issued Integrita Systems, LLC 2,000.00$ 017 19200017 Issued Steven E. Traisman 69,909.07$ 018 19200018 Issued Ultimate Building Services, INC 7,700.00$ 019 19200019 Issued Assured Document Destruction, INC 480.00$ 020 19200020 Issued Wells Fargo 600.00$ 021 19200021 Issued Wells Fargo 600.00$ 022 19200022 Issued NV Energy 8,400.00$ 023 19200023 Issued Integrita Systems, LLC 1,500.00$ 024 19200024 Issued Latin Chamber of Commerce 22,000.00$ 025 19200025 Issued Integrita Systems, LLC 1,000.00$ 026 19200026 Issued Bancore International 33,683.10$ 027 19200027 Issued Cox Communications Inc 1,584.00$ 028 19200028 Closed Ultimate Building Services, INC 1,700.00$ 029 19200028-1 Issued Ultimate Building Services, INC 1,400.00$ 030 19200030 Issued NV Energy 1,200.00$ 031 19200031 Issued NV Energy 2,400.00$ 032 19200032 Issued Henderson Chamber of Commerce 450.00$ 033 19200033 Issued Charter School Association of Nevada 2,000.00$ 034 19200034 Issued Harris School Solutions 800.00$ 035 19200035 Issued TSA Consulting Group, Inc 600.00$ 036 19200036 Issued Maryse Wells 600.00$ 037 19200038 Issued Phillip Zhang CPA, LTD 16,200.00$ 038 19200039 Closed Stimulus Technologies 46,091.86$ 039 19200039-1 Issued Stimulus Technologies 46,621.86$ 040 19200040 Closed Wells Fargo 48,553.00$ 041 19200040-1 Issued Wells Fargo 48,777.00$ 042 19200041 Issued The Reno+Sparks Chamber of Commerce 400.00$ 043 19200042 Issued Latin Chamber of Commerce 350.00$ 044 19200043 Issued Denise Rice 1,500.00$ 045 19200044 Issued Wells Fargo 12,400.00$ 046 19200045 Issued City of Henderson Building & Fire Safety Department 300.00$ 047 19200046 Issued City of Henderson Utility Services 2,400.00$ 048 19200047 Issued A-1 National Fire CO. 125.00$ 049 19200048 Issued RW Mechanical Inc. 700.00$ 050 19200049 Issued RW Mechanical Inc. 700.00$ 051 19200050 Issued Delbert Stan Sagers 48,000.00$

Nevada State High School FLAGSHIPFY1920 Purchase order approvals

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052 19200051 Issued Verizon Wireless 4,740.00$ 053 19200052 Closed Remind101, Inc 2,800.00$ 054 19200052-1 Closed Remind101, Inc 3,080.00$ 055 19200053 Issued Cox Communications Inc 3,382.00$ 056 19200054 Issued 2625 GV, LLC 54,054.00$ 057 19200055 Closed Kelly Moxley 400.00$ 058 19200055-1 Issued Kelly Moxley 400.00$ 059 19200056 Closed Nohemi V. Garcia 400.00$ 060 19200056-1 Issued Nohemi V. Garcia 400.00$ 061 19200057 Closed Barbara Graham 400.00$ 062 19200057-1 Issued Barbara Graham 400.00$ 063 19200058 Closed Luis Maceira 400.00$ 064 19200058-1 Issued Luis Maceira 400.00$ 065 19200059 Closed Burns, Dianna 400.00$ 066 19200059-1 Issued Burns, Dianna 400.00$ 067 19200060 Closed Saul Wesley 400.00$ 068 19200060-1 Issued Saul Wesley 400.00$ 069 19200061 Closed Matthew Fox 400.00$ 070 19200061-1 Issued Matthew Fox 400.00$ 071 19200062 Closed Michael Ross Pelham 400.00$ 072 19200062-1 Issued Michael Ross Pelham 400.00$ 073 19200063 Issued Ellsworth & Stout, LLC 14,500.00$ 074 19200064 Issued Canon Solutions America 2,400.00$ 075 19200065 Issued Canon Solutions America 1,900.00$ 076 19200066 Closed Canon Solutions America 300.00$ 077 19200066-1 Issued Canon Solutions America 300.00$ 078 19200067 Issued Canon Solutions America 300.00$ 079 19200068 Issued Staples Business Advantage 2,700.00$ 080 19200069 Issued Staples Business Advantage 750.00$ 081 19200070 Issued Amazon.com 1,500.00$ 082 19200071 Issued Amazon.com 750.00$ 083 19200072 Issued Amazon.com 2,000.00$ 084 19200073 Issued Amazon.com 3,000.00$ 085 19200074 Issued Amazon.com 1,000.00$ 086 19200075 Closed Wells Fargo 3,100.00$ 087 19200076 Issued Nevada Education Consultants LLC 20,610.00$ 088 19200077 Issued Natalie M Hunsaker 4,560.00$ 089 19200078 Closed Javon Isaac 400.00$ 090 19200079 Issued Emerald Gardens II IIc 15,000.00$ 091 19200080 Closed Arlene F Flatt 750.00$ 092 19200081 Issued Wells Fargo 490.00$ 093 19200082 Closed Allan Elliott Copeland 2,500.00$ 094 19200083 Closed Allan Elliott Copeland 1,175.00$ 095 19200084 Issued GWE Town Square, LLC 5,324.75$ 096 19200085 Issued Twice M, LLC 15,000.00$ 097 19200086 Closed Ponderosa Resort LC 3,919.50$ 098 19200087 Issued Wells Fargo 975.00$ 099 19200088 Issued Station Holdco, LLC 3,000.00$ 100 19200089 Closed Charter Impact, Inc. 15,000.00$ 101 19200089-1 Issued Charter Impact, Inc. 8,900.00$ 102 19200090 Closed Integrita Systems, LLC 1,030.37$ 103 19200091 Issued First Insurance Funding 42,649.86$ 104 19200092 Issued Canon Solutions America 4,324.68$ 105 19200094 Closed Robert Half Nevada Staff, Inc 19,720.00$

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106 19200094-1 Issued Robert Half Nevada Staff, Inc 26,300.00$ 107 19200095 Issued Board of Regents 18,000.00$ 108 19200096 Issued Ultimate Building Services, INC 5,400.00$ 109 19200097 Issued Cathy Sterbentz 400.00$ 110 19200098 Closed Allan Elliott Copeland 1,200.00$ 111 19200099 Issued Southwest Gas Corporation 612.00$ 112 19200100 Issued David Todd Bates 650.00$ 113 19200101 Closed Allan Elliott Copeland 540.00$ 114 19200102 Issued Glowzone 3,450.00$ 115 19200103 Issued Board of Regents Nevada System of Higher Education 150.00$ 116 19200104 Issued TrackVia 10,500.00$ 117 19200105 Issued Floors N More LLC 16,360.00$ 118 19200106 Closed Machabee Office Environments 557.40$ 119 19200107 Closed EMBSS Building Services LLC 775.00$ 120 19200108 Closed Twice M, LLC 2,388.00$ 121 19200109 Closed Machabee Office Environments 8,858.09$ 122 19200109-1 Issued Machabee Office Environments 9,560.18$ 123 19200110 Issued Wells Fargo 1,200.00$ 124 19200111 Issued Unique Signs Inc. 495.00$ 125 19200112 Closed Zoom Video Communications, Inc. 2,299.00$ 126 19200113 Closed Integrita Systems, LLC 4,215.00$ 127 19200114 Closed 3D Selfie Studios LLC 480.00$ 128 19200115 Issued Tori Ramirez 3,640.00$ 129 19200116 Issued Desert Oasis Services Inc 695.00$ 130 19200117 Issued Board of Regents Nevada System of Higher Education 300.00$ 131 19200118 Closed Wells Fargo 1,457.18$ 132 19200119 Closed The Orleans Hotel and Casino 500.00$ 133 19200120 Issued Rebecca Jones 600.00$ 134 19200121 Issued Wells Fargo 222.50$ 135 19200122 Closed Uline, Inc. 1,457.18$ 136 19200123 Closed ACT, Inc 21,390.00$ 137 19200124 Issued Tutors Across America LLC 2,500.00$ 138 19200125 Issued Tutors Across America LLC 10,000.00$

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Matthew Fox, Esq.

Chair

Wendi Hawk, EdD

Chief Executive Officer

233 N. Stephanie St. Henderson, NV 89074 | 850 S. Durango Dr. Ste. 100 Las Vegas, NV 89145

300 N. 13th St. // Las Vegas, NV 89101 | 2425 N. Lamb Blvd., Las Vegas, NV 89115

7885 W. Sunset Rd. Las Vegas, NV 89113 | 7530 Longley Dr., Reno, NV 89511

p. 702-953-2600 f. 702-953-2608 // [email protected]

August 16, 2019

Mark Modrcin, Director of Authorizing

State Public Charter School Authority

2080 E Flamingo Road

Las Vegas, NV 89119

Subject: Letter of compliance with R131-16 and USDOE Definition of a Charter School

Dear Mr. Modrcin:

In response to the SPCSA epicenter request for information regarding compliance with

R131-16 and USDOE Definition of a Charter School, the following written assurance is

submitted:

To uphold a high standard of equitable access for all students as well as to ensure

compliance and consistency throughout the entire portfolio, SPCSA is mandating that

all schools upload the following items to Epicenter no later than Monday, September 1:

A written assurance, signed by both the Administrative Head of the charter

school and Board Chair, verifying the following are true for your school:

o Students are not penalized (e.g. banned from extracurricular activities) if

their parents do not volunteer,

o Continued enrollment or reentry is not based on parent volunteerism,

o Monetary donations are not required in lieu of volunteer hours,

o References to volunteering on your school website include a statement

that volunteering is not required of parents or families

o References to volunteering within a student/parent handbook include a

statement that volunteering is not required of parents or families; and

- Response: NSHS does not penalize, deter continued enrollment or

reentry, allow for money to submitted in lieu of hours, have

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mailto:[email protected]


NSHS Assurance – Thursday, August 15, 2019

Parents Volunteerism NOT Required – Page 2

- mandatory parent volunteering referenced on the website or

handbook.

A copy of your adopted fee policy along with the meeting minutes for when it

was approved.

- Response: NSHS has no fees.

To view NSHS policies links here:

Handbook: https://earlycollegenv.com/wp-content/uploads/2019/08/NSHS-116-SY1920-

Student-Parent-Handbook-FINAL.pdf

Policies: http://earlycollegenv.com/about-us/governance/

- If you have any further questions, please feel free to contact me via email at

[email protected] or by phone 702-953-2600 x 3602.

If we have any concerns or require additional information, then contact me directly at

John Hawk 702-332-2593 or [email protected].

Sincerely,

Matthew Fox, Esq, Board Chair, Date

John Hawk, Chief Operations Officer Date

8/16/2019

08/16/2019

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https://earlycollegenv.com/wp-content/uploads/2019/08/NSHS-116-SY1920-Student-Parent-Handbook-FINAL.pdf

https://earlycollegenv.com/wp-content/uploads/2019/08/NSHS-116-SY1920-Student-Parent-Handbook-FINAL.pdf

http://earlycollegenv.com/about-us/governance/

jhawk

Approved

Signature CertificateFolder Ref: d5db182f7fbf23f2f56d3178ef12325e5f029f82

Author: NSHS Applications Creation Date: 16 Aug 2019, 11:46:43,PDT

Completion Date: 16 Aug 2019, 13:37:50,PDT

Document Details:

Name: 190816 SPCSA Memo on Mandatory Parent VolunteersVER03 SIGNEDjh

Type:

Document Ref: 25cf81b4215d5e9f4b1ed199d90ecd2fe52f566aa35272df9ee945d36cecb495

DocumentTotal Pages:

2

Document Signed By:

Name: Matthew FoxEmail: [email protected]: 167.154.172.136Date: 16 Aug 2019, 13:37:50, PDT

Document History:

Folder Created NSHS Applications created this folder on 16 Aug 2019, 11:46:43, PDT

Invitation Sent Invitation sent to Matthew Fox on 16 Aug 2019, 11:54:12, PDT

Invitation Accepted Invitation accepted by Matthew Fox on 16 Aug 2019, 13:37:06, PDT

Signed By Matthew Fox Matthew Fox signed this folder on 16 Aug 2019, 13:37:50, PDT

Executed Document(s) successfully executed on 16 Aug 2019, 13:37:50, PDT

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FINANCIAL STATEMENTS

JUNE 30, 2019

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NEVADA STATE HIGH SCHOOL FINANCIAL STATEMENTS JUNE 30, 2019

Table of Contents

Independent Auditor’s Report .................................................................................................................... 1-2 Management’s Discussion and Analysis ....................................................................................................... 3-7 Basic Financial Statements:

Government-wide financial statements:

Statement of net position ........................................................................................................................ 8 Statement of activities ............................................................................................................................ 9

Fund financial statements:

Balance sheet – governmental funds .................................................................................................... 10 Reconciliation of the governmental funds balance sheet to the statement of net position .................. 11 Statement of revenues, expenditures and changes in fund balances of governmental funds ............... 12 Reconciliation of the statement of revenues, expenditures and changes in fund balances

of governmental funds to the statement of activities ..................................................................... 13

Statement of fiduciary net position ...................................................................................................... 14

Statement of changes in fiduciary net position .................................................................................... 15 Notes to the Financial Statements ............................................................................................................. 16-26 Required Supplementary Information:

Budgetary comparison schedule ................................................................................................................. 27 Supplemental pension information ............................................................................................................. 28

Other Supplementary Information:

Financial statement audit results summary ................................................................................................. 29

Independent Auditor’s Report on Internal Control over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards............................................................ 30-31 Schedule of Findings and Responses .............................................................................................................. 32

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Independent Auditor’s Report

To the Governing Board of Nevada State High School Las Vegas, Nevada We have audited the accompanying financial statements of the governmental activities and each major fund of Nevada State High School (School), as of and for the year ended June 30, 2019, and the related notes to the financial statements, which collectively comprise the School’s basic financial statements as listed in the table of contents. Management’s Responsibility for the Financial Statements Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error. Auditor’s Responsibility Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity’s preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. Opinions In our opinion, the financial statements referred to above present fairly in all material respects, the respective financial position of the governmental activities and each major fund of the School, as of June 30, 2019, and the respective changes in financial position for the year then ended in accordance with accounting principles generally accepted in the United States of America.

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2

Other Matters Required Supplementary Information Accounting principles generally accepted in the United States of America require that the management’s discussion and analysis, budgetary comparison information, and supplemental pension information on pages 3-7 and 27-28 be presented to supplement the basic financial statements. Such information, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board, who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquires of management about the methods of preparing the information and comparing the information for consistency with management’s responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance. Other Information Our audit was conducted for the purpose of forming an opinion on the financial statements that collectively comprise the School’s basic financial statements. The financial statement audit results summary is presented for purposes of additional analysis and is not a required part of the basic financial statements and is the responsibility of management. The schedule was derived from, and relates directly to, the underlying accounting and other records used to prepare the basic financial statements, and has not been subjected to the auditing procedures applied in the audit of the basic financial statements and, accordingly, we do not express an opinion or provide any assurance on it. Other Reporting Required by Government Auditing Standards In accordance with Government Auditing Standards, we have also issued our report dated October 9, 2019, on our consideration of the School’s internal control over financial reporting and our tests of its compliance with certain provisions of laws, regulations, contracts and grant agreements and other matters. The purpose of that report is to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on the internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the School’s internal control over financial reporting and compliance.

Las Vegas, Nevada October 9, 2019 DRAFT

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MANAGEMENT’S DISCUSSION AND ANALYSIS

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3

NEVADA STATE HIGH SCHOOL MANAGEMENT’S DISCUSSION AND ANALYSIS

JUNE 30, 2019

The following discussion and analysis of Nevada State High School (School) provides an overview of the School’s financial activities for the year ended June 30, 2019. As management of the School, readers are encouraged to consider the information presented here in conjunction with the financial statements and notes. This annual report consists of a series of financial statements. The Statement of Net Position and the Statement of Activities provide information about the activities of the School as a whole and present a longer-term view of the School’s finances. Fund financial statements tell how these services were financed in the short-term, as well as what remains for future spending. Fund financial statements report the School’s operations in more detail than the government-wide statements. Financial Highlights Governmental Activities The School’s net position totals $1,046,117, which is an increase of approximately 289%. Assets consist of cash of $1,263,122, receivables of $551,365, capital assets of $191,605 and other assets of $91,541. Total revenue was $5,670,830, which includes $4,914,815 from the Distributive School Account (DSA) for expenditures incurred during the fiscal year. Overview of the Financial Statements The School’s basic financial statements are comprised of three components: government-wide financial statements, fund financial statements, and the accompanying notes to the financial statements. Government- Wide Financial Statements: The government-wide financial statements are designed to provide readers with a broad overview of the School’s finances, in a manner similar to a private-sector business. These statements are structured around the primary government, not including fiduciary funds. The statement of net position presents information on all of the School’s assets, deferred outflows, liabilities, and deferred inflows, with the difference between them reported as net position. Over time, increases or decreases in net position may serve as useful indicators of whether the financial position of the School is improving or deteriorating. The statement of activities presents information showing how the School’s net position changed during the most recent fiscal year. Changes in net position are reported as soon as the underlying event giving rise to the change occurs, regardless of the timing of related cash flows. Thus, revenues and expenses are reported in this statement for some items that will only result in cash flows in future fiscal periods. Fund Financial Statements: A fund is established to account for a specific activity or purpose. The School uses fund financial statements to provide detailed information about its most significant funds. The School’s funds are divided between governmental funds and a fiduciary fund. Governmental funds are used to account for essentially the same functions reported as governmental activities in the government-wide financial statements. However, unlike the government-wide financial statements, governmental fund financial statements focus on near-term inflows and outflows of spendable resources, as well as balances of spendable resources available at the end of the fiscal year. Such information may be useful in evaluating a government’s near-term financing requirements. Because the governmental fund financial statements focus on near-term spendable resources, and the governmental activities on the government-wide financial statements have a longer term focus, a reconciliation of the differences between the two is provided following the fund financial statement’s balance sheet and statement of revenues, expenditures and changes in fund balances, respectively.

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JUNE 30, 2019

Overview of the Financial Statements (Continued) Fiduciary funds are used to report assets held in a trustee or agency capacity for others and, therefore, cannot be used to support the government’s own programs. The School currently hold assets related to student activities in its single fiduciary fund. Notes to the Basic Financial Statements: The notes to the basic financial statements provide additional information that is essential to a full understanding of the information provided in the government-wide and fund financial statements and should be read with the financial statements. The School as a whole One important question asked about the School’s finances is: “Is the School better or worse off as a result of the year’s activities?” The information in the government-wide financial statements helps answer this question. These statements include all assets and liabilities using the accrual basis of accounting, which is the basis of accounting used by most private-sector companies. The change in net position (the difference between total assets and total liabilities) over time is one indicator of whether the School’s financial health is improving or deteriorating. However, consideration should be given to other non-financial factors in making an assessment of the School’s health, such as changes in enrollment, changes in the State’s funding of educational costs and changes in the economy to assess the overall health of the School. The School’s net position was as follows:

2019 2018 Change Percentage

Current assets 1,881,390$ 1,257,729$ 623,661$ 50%Capital assets-net 191,605 5,892 185,713 3152%Noncurrent assets 24,638 14,243 10,395 73%

Total assets 2,097,633 1,277,864 819,769 64%

Deferred outflows of resources 816,634 429,039 387,595 90%

Current liabilities 170,170 107,714 62,456 58%Long-term liabilities 1,602,243 1,247,879 354,364 28%

Total liabilities 1,772,413 1,355,593 416,820 31%

Deferred inflows of resources 95,737 103,152 (7,415) -7%

Net position 1,046,117$ 248,158$ 797,959$ 322%

The increase in capital assets is primarily due to an increase in leasehold improvements of $126,000 for one campus, and an increase in office equipment of $91,000. The increase in current liabilities is due to an increase of $65,000 due back for the DSA true-up. This consists of $24,000 for the Meadowood campus and $41,498 for the Sunrise campus.

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JUNE 30, 2019

The School as a whole – continued The School’s revenues were as follows:


RevenueState sources 5,184,007$ 3,374,728$ 1,809,279$ 54%Federal sources 486,823 425,220 61,603 14%Other sources - 35,406 (35,406) -100%

Total revenue 5,670,830$ 3,835,354$ 1,835,476$ 48%

The revenue from the Distributive State Account (DSA) increased significantly due to an increase in student enrollment for the overall network. Under the new audited quarterly average daily enrollment per the State, the average enrollment increased from 493.68 to 706.59 (Q1: 704.41, Q2: 705.15, Q3: 709.92, Q4: 706.86). Federal funding sources stayed relatively the same for the Title II and College and Career Readiness Dual Enrollment Grant. The School’s expenditures were as follows:


Instruction 1,981,189$ 1,464,377$ 516,812$ 35%Student support 53,550 26,000 27,550 106%Instructional support 37,464 27,578 9,886 36%General administration 378,718 488,035 (109,317) -22%School administration 762,871 476,610 286,261 0%Central services 1,118,439 646,347 472,092 0%Operations and maint. of plant 506,223 273,410 232,813 85%Student transportation 2,221 - 2,221 0%Depreciation 32,196 6,427 25,769 401%

Total expenses 4,872,871$ 3,408,784$ 1,464,087$ 43%

Total expenses increased due to the additional operating costs of the three new locations for Southwest, Sunrise and Meadowwood. There was need for staffing, tuition, supplies, and costs of building acquisition and rent payments for those new locations. The Future of the School Unique to the state of Nevada, Nevada State High School (NSHS) is a tuition-free public charter school. At this state-funded high school, juniors and seniors take real college courses with real college professors on real college and university campuses in Nevada. These courses count for both high school and college credit, making it possible for our students to earn their high school diplomas while getting a head start on their college degrees.

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6


JUNE 30, 2019

The Future of the School (Continued) The best part about it? Attending NSHS is absolutely free. The school’s financial plan maximizes the use of public dollars to cover two years of college tuition and fees for each of our students. At NSHS, you will not only attend college courses, but also learn how to excel in them and in your career. With a focus on career and college readiness, we are preparing our students for the future. After 14 years of helping more than 1,850 graduates attend and succeed in college, we are proud to be accomplishing our mission to support students in a college environment with personal, academic, and social skills — and our work in college readiness doesn’t go unrecognized. NSHS has received continuous Exemplary or five-star AYP ratings from the State of Nevada, has been acknowledged by U.S. News & World Report as a Bronze recipient for America’s Best High Schools and a Silver recipient for Most Connected Classrooms, and has been rated one of Newsweek‘s top 100 schools in the country. NSHS is a fully accredited, full-time, tuition-free state public charter school. Online and in person access to courses is available through colleges in the Nevada System of Higher Education (NSHE). Support classes are provided at each of the neighborhood locations that focus specifically on successfully transitioning students to college personally, academically, and socially. NSHS provides students a “real college” experience through a proven process of college readiness by focusing a system of supports that begins with proper onboarding and continues through mission, measurement, and consistent monitoring. As the cost for college continues to increase and the demand for getting more and more high school students college ready, there will continue to be a need for Nevada State High School’s proven process of providing a free “real college” experience that supports a vision of “Every Student College Ready.” For the 2019-2020 school year, NSHS will host six locations serving approximately 900 students with five locations in Southern Nevada and one in Northern Nevada. NSHS remains excited about opening two more locations in the school year 2019-2020 to serve over 1000 students. The families and students are grateful to have such and opportunity save time and money on their post-secondary educational experience. Government Funds Financial Analysis The following analysis has been prepared comparing the results for the fiscal year ending June 30, 2019 to the Final school budget: DRAFT

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JUNE 30, 2019

Nevada State High SchoolBudget Comparison Schedule (Unaudited)Combined Primary Government and Blended ComponentsFor the Fiscal Year Ended June 30, 2019

VarianceFavorable /

Budget Actual (Unfavorable)

REVENUELocal revenue sources 128,340$ 127,700$ (640)$ State program revenues 4,449,340 5,184,007 734,667 Federal Program revenues 56,060 486,823 430,763

Total revenue 4,633,740 5,798,530 1,164,790

EXPENDITURESInstruction 1,900,817 1,989,106 (88,289) Support services 2,360,252 3,247,349 (887,097)

Total expenditures 4,261,069 5,236,455 (975,386)

Excess (deficiency) of revenue over expenditures 372,671 562,075 (189,404)

FUND BALANCE, beginning of year 1,210,464 1,210,464 -

FUND BALANCE, end of year 1,583,135$ 1,772,539$ (189,404)$

The variance in revenue is due to under-projecting the amount of State funding available for students who meet the attendance requirements. The budget was based on projected enrollment numbers and estimates from information the school had during the school year. Multiple attendance audits were conducted remotely at the end of the academic year, so budget adjustments could not be made in a timely manner. These attendance audits directly affected the monthly DSA funding. As discussed above, the School has focused on processes and procedures to ensure more students are attending school weekly, i.e. on campus attendance requirements.

Request for information The financial report is designed to provide a general overview of the School’s finances for all those with an interest. Questions concerning any of the information provided in this report or requests for additional financial information should be addressed to Nevada State High School at 2651 N Green Valley Pkwy, Suite 106, Henderson, Nevada 89014, and telephone number (702) 953-2600.

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BASIC FINANCIAL STATEMENTS

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The accompanying notes are an integral part of these financial statements. 8

Nevada State High SchoolStatement of Net PositionJune 30, 2019

ASSETS NSHS Meadowwood Sunrise Total

Current assetsCash 993,413$ 121,018$ 148,691$ 1,263,122$ Receivables 402,978 19,403 128,984 551,365 Prepaid expense 49,755 2,638 14,510 66,903

Total current assets 1,446,146 143,059 292,185 1,881,390

Noncurrent assetsCapital assets, net 33,323 136,325 21,957 191,605 Due to/from other funds 427,850 (276,093) (151,757) - Refundable deposits 14,754 2,384 7,500 24,638

Total noncurrent assets 475,927 (137,384) (122,300) 216,243

Total assets 1,922,073 5,675 169,885 2,097,633

DEFERRED OUTFLOWS OF RESOURCESPension requirement 792,335 12,112 12,187 816,634

Total assets and deferred outflows of resources 2,714,408$ 17,787$ 182,072$ 2,914,267$

LIABILITIES

Current liabilitiesAccounts payable 18,797$ 450$ 325$ 19,572$ Accrued payroll and benefits 75,163 550 9,270 84,983 Due to state and local governments - 24,116 41,499 65,615

Total current liabilities 93,960 25,116 51,094 170,170

Noncurrent liabilitiesDeferred rent 34,279 1,457 (5,649) 30,087 Net pension liability 1,564,100 - 8,056 1,572,156

Total noncurrent liabilities 1,598,379 1,457 2,407 1,602,243

Total liabilities 1,692,339 26,573 53,501 1,772,413

DEFERRED INFLOWS OF RESOURCESPension requirement 95,324 - 413 95,737

Total liabilities and deferred inflows of resources 1,787,663 26,573 53,914 1,868,150

NET POSITION

Invested in capital assets, net of debt 33,323 136,325 21,957 191,605 Unrestricted 893,422 (145,111) 106,201 854,512

Total net position 926,745$ (8,786)$ 128,158$ 1,046,117$

Governmental Activities

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Nevada State High SchoolStatement of ActivitiesFor the Fiscal Year Ended June 30, 2019

GOVERNMENTAL ACTIVITIES NSHS Meadowwood Sunrise Total

Instruction:Regular instruction 1,834,234$ 63,271$ 83,684$ 1,981,189$

Support services:Student support 53,550 - - 53,550 Instructional support 37,464 - - 37,464 General administration 378,718 - - 378,718 School administration 611,238 102,456 49,177 762,871 Central services 617,127 264,552 236,760 1,118,439 Operations and maintenance of plant 425,891 52,281 28,051 506,223 Student transportation 1,036 - 1,185 2,221 Depreciation 11,604 16,717 3,875 32,196

Total support services 2,136,628 436,006 319,048 2,891,682

Total expenditures 3,970,862 499,277 402,732 4,872,871

PROGRAM REVENUE

Operating grantsSpecial instruction 183,151 291,526 281,338 756,015

GENERAL REVENUE

Distributive school account 4,465,407 199,556 249,852 4,914,815

CHANGE IN NET POSITION 677,696 (8,195) 128,458 797,959

NET POSITION, Beginning of Year 249,049 (591) (300) 248,158

NET POSITION, End of Year 926,745$ (8,786)$ 128,158$ 1,046,117$

Governmental Activities

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Nevada State High SchoolBalance Sheet - Governmental FundsJune 30, 2019

General FundMeadowwood

General Sunrise General TotalASSETS

Cash 993,413$ 121,018$ 148,691$ 1,263,122$ Receivables 402,978 19,403 128,984 551,365 Prepaid expense 49,755 2,638 14,510 66,903 Due to/from other funds 427,850 (276,093) (151,757) - Refundable deposits 14,754 2,384 7,500 24,638

Total assets 1,888,750$ (130,650)$ 147,928$ 1,906,028$

LIABILITIESAccounts payable 18,797$ 450$ 325$ 19,572$ Accrued payroll and benefits 75,163 550 9,270 84,983 Due to state and local governments - 24,116 41,499 65,615

Total liabilities 93,960 25,116 51,094 170,170

FUND BALANCESNonspendable:

Prepaid expenses 49,755 2,638 14,510 66,903 Refundable deposits 14,754 2,384 7,500 24,638

Unassigned 1,730,281 (160,788) 74,824 1,644,317

Total fund balances 1,794,790 (155,766) 96,834 1,735,858

Total liabilities and fund balances 1,888,750$ (130,650)$ 147,928$ 1,906,028$

Special Revenue Fund

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Nevada State High SchoolReconciliation of the Governmental Funds Balance Sheet to the Statement of Net PositionJune 30, 2019

Total Fund Balances - Governmental Funds 1,735,858$

Amounts reported for governmental activities in the statement of net position are different because:

Capital assets, net of related depreciation, are not reported in the governmental funds financial statements because they are not current financial resources, but they are reported in the statement of net position.

Capital assets not reported 406,198 Less accumulated depreciation (214,593) 191,605

Long-term liabilities are not due and payable in the current period and, therefore, are not reported in the governmental funds.

Deferred rent, noncurrent (30,087) (30,087)

Net pension liability and the related deferred inflows and outflows or resourcesare not included in governmental fund financial statements.

Deferred inflows of resources - pension requirement 816,634 Deferred outflows of resources - pension requirement (95,737) Net pension liability (1,572,156) (851,259)

Total Net Position - Governmental Activities 1,046,117$

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Nevada State High SchoolStatement of Revenues, Expenditures, and Changes in Fund Balances ofGovernmental FundsFor the Fiscal Year Ended June 30, 2019

Special Special SpecialMeadowwood Sunrise Instruction Instruction Instruction

General Fund General General NSHS Meadowwood Sunrise TotalREVENUES

State sources 4,478,616$ 199,556$ 249,851$ 154,504$ 46,738$ 54,742$ 5,184,007$ Federal sources - - - 15,440 244,787 226,596 486,823

Total revenues 4,478,616 199,556 249,851 169,944 291,525 281,338 5,670,830

EXPENDITURES

Program:Instruction 1,680,692 14,193 19,994 160,714 49,078 64,435 1,989,106

Support services:Student support 52,050 - - 1,500 - - 53,550 Instructional support 37,464 - - - - - 37,464 General administration 393,128 - - 550 - - 393,678 School administration 624,705 87,060 30,374 3,630 27,507 21,776 795,052 Central services 629,252 86,856 69,265 3,550 177,696 167,495 1,134,114 Operations and maintenance of plant 430,648 166,622 31,899 - 37,244 27,632 694,045 Student transportation 1,036 - 1,185 - - - 2,221

Total support services 2,168,283 340,538 132,723 9,230 242,447 216,903 3,110,124

Total expenditures 3,848,975 354,731 152,717 169,944 291,525 281,338 5,099,230

Excess of revenue over (under) expenditures 629,641 (155,175) 97,134 - - - 571,600

Fund Balances, beginning of year 1,165,149 (591) (300) - - - 1,164,258

Fund Balances, end of year 1,794,790$ (155,766)$ 96,834$ -$ -$ -$ 1,735,858$

Special Revenue Fund

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Nevada State High SchoolReconciliation of the Statement of Revenues, Expenditures and Changes in

Fund Balances of the Governmental Funds to the Statement of ActivitiesFor the Fiscal Year Ended June 30, 2019

Net Change in Fund Balances - Governmental Funds 571,600$

Amounts reported for governmental activities in the statement of activities are different because:

The acquisition of capital assets are reported in the governmental funds as expenditures. However, for governmental activities, those costs are shown in the statement of net position and are allocated over their estimated useful lives as annual depreciation expenses in the statement of activities. This is the amountthat the current year's depreciation expenses exceeded the capital asset purchases in the current period.

Expenditures for capital assets 217,909$ Less current year depreciation (32,196) 185,713

Deferred rent is not due and payable in the current periodand therefore is not reported in the governmental funds.

Deferred rent payments realized in the current year (30,087)

Some expenses reported in the statement of activities do not require the use of current financial resources and, therefore, are not reported as expenditures

in governmental funds:

Change in net pension liability and related deferred outflows and inflows of resources 70,733

Change in Net Position of Governmental Activities 797,959$

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Nevada State High SchoolStatement of Fiduciary Net PositionStudent Activities FundJune 30, 2019

ASSETSCurrent assets

Cash 37,118$

Total assets 37,118

LIABILITIESCurrent liabilities

Accounts payable 437

Total liabilities 437

NET POSITIONUnrestricted 36,681

Total net position 36,681$

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Nevada State High SchoolStatement of Changes in Fiduciary Net PositionStudent Activities FundFor the Fiscal Year Ended June 30, 2019

ADDITIONS:Local revenues 127,700$

DEDUCTIONS:Student activities 137,225

CHANGE IN NET POSITION (9,525)

NET POSITION, Beginning of Year 46,206

NET POSITION, End of Year 36,681$

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NEVADA STATE HIGH SCHOOL NOTES TO THE FINANCIAL STATEMENTS JUNE 30, 2019 NOTE 1 – NATURE OF THE SCHOOL AND SIGNIFICANT ACCOUNTING POLICIES

Nature of the School Nevada State High School (School) is a charter school established under Nevada Revised Statue (NRS) 386.527 (subsequently replaced by NRS 388A.270) and sponsored by the State Public Charter School Authority. The School provides an early college experience to high school juniors and seniors. The students take college courses with real professors on college and university campuses in Nevada. These courses count for both high school and college credit, making it possible for the students to earn their high school diplomas while getting a head start on their college degrees. The School’s mission is to support students in a college environment with personal, academic, and social skills. Reporting Entity The financial statements of the School have been prepared in accordance with accounting principles generally accepted in the United States of America as applied to governmental units. The Governmental Accounting Standards Board (GASB) is the accepted standard setting body for establishing governmental accounting and financial reporting principles. The accompanying financial statements include all of the activities that comprise the financial reporting entity of the School. The School has established a Governing Board (Board), which is legally separate and fiscally independent from other governing bodies; therefore, the School is a primary government and the School is not reported as a component unit by any other government unit. The accounting policies of the School conform to generally accepted accounting principles as applicable to governmental entities. Blended Component Units Nevada State High School Meadowwood and Nevada State High School Sunrise (component schools) are legally separate organizations established under their own charters. The School operates as a network of charter schools and shares a common governing board with the component schools, in accordance with applicable state law. Accordingly, the financial position and activities of the component schools are included in these financial statements as blended component units. Blended component units, although legally separate, are in substance part of the government’s operations. For purposes of clarity, the component units have been presented in columnar format in the accompanying financial statements. Basis of Presentation: Government-wide and Fund Financial Statements The accompanying financial statements have been prepared in accordance with GASB Codification, Section 2200 (previously referred to as GASB Statement No. 34, Basic Financial Statements – and Management’s Discussion and Analysis – for State and Local Governments (GASB 34)). The School’s basic financial statements consist of both government-wide financial statements and fund financial statements. Accounting principles generally accepted in the United States of America require the School to apply all applicable pronouncements of GASB. The school also follows guidance issued by the Financial Accounting Standards Board (FASB) in the Accounting Standard Codification (ASC) to the extent that the pronouncements do not conflict with pronouncements issued by GASB.

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NEVADA STATE HIGH SCHOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) JUNE 30, 2019 NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) Government-Wide Financial Statements The government-wide financial statements (i.e., the statement of net position and the statement of activities) report information on all of the nonfiduciary activities of the primary government. The statement of activities presents a comparison between direct expenses and program revenue for each function of the School’s governmental activities. Direct expenses are those that are clearly identifiable with a specific program or function. The School does not charge indirect expenses to programs or functions. Program revenues include grants and contributions that are restricted to meeting the operational or capital requirements of a particular program or function. Revenue that is not classified as program revenue is presented as general revenue. Fund Financial Statements The major governmental funds are reported as separate columns in the fund financial statements. This requires that each fund be treated as a separate accounting entity and that the operations of each fund are accounted for with a separate set of self-balancing accounts that comprise its assets, liabilities, fund balance, revenue, and expenditures. Separate financial statements are provided for the School’s fiduciary fund, which is excluding from the government-wide financial statements. Governmental resources are allocated to and accounted for in individual funds based upon the purposes for which they are to be spent and the means by which spending activities are controlled. Measurement Focus and Basis of Accounting The government-wide financial statements are reported using the economic resources measurement focus and the accrual basis of accounting. Revenues are recorded when earned and expenses are recorded when a liability is incurred, regardless of the timing of related cash flows. Grants and similar items are recognized as revenue as soon as all eligibility requirements imposed by the provider have been met and the School has been notified that the funds are available to be received. Governmental fund financial statements are reported using the current financial resources measurement focus and the modified accrual basis of accounting. Revenues are recognized as soon as they are both measurable and available. “Measureable” means that the amount of the transaction can be determined. “Available” means that the amount is collectible within the current period or soon enough thereafter to pay liabilities incurred in the current period. In general, expenditures are recorded when liabilities are incurred. The exception to this rule is for payments of principal and interest on debt service or capital leases, which are recorded when payment is due. The School’s fiduciary student activities fund is reported on the accrual basis of accounting. The School reports the following major governmental funds:

General Fund: The School’s general operating fund used to account for all financial resources and costs of operations traditionally associated with governments, which are not required to be accounted for in other funds.

Special Revenue Funds: These funds are used to account for the proceeds of special revenue sources that are restricted or committed by law or administrative action to expenditure for specific purposes other than debt service or capital projects. The special revenue funds are used to account for the School’s grant operations under restricted federal and state grants.

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NEVADA STATE HIGH SCHOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) JUNE 30, 2019 NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) Measurement Focus and Basis of Accounting (Continued) Additionally, the School reports the following fiduciary fund:

Student Activities Fund: The School’s student activity fund reports the assets and activities from funds held in an agency capacity for the School’s student governance organization.

Budgets and Budgetary Information The School is required by the Nevada Department of Education (Department) to adopt a final budget no later than May 1 of each year under NRS 388A.366, but is not required by the Department to augment the budget during the year. Further, the School is not required under the statute to adopt a final budget or otherwise comply with any provisions of Chapter 354 of the NRS. In essence, augmentation of the School’s budget is neither required nor prohibited. Budgets submitted to the state include that of the primary government and each blended component unit; therefore, no additional budget comparison schedules has been presented for other funds. Cash and Cash Equivalents The School defines cash and cash equivalents as cash and short-term investments with an initial maturity of three months or less. Prepaid Expenses Certain payments to vendors reflect costs applicable to future accounting periods and are recorded as prepaid expenses in both government-wide and fund financial statements. Prepaid expenses are equally offset by a fund balance classification indicating they are “non-spendable”. Receivables Receivables include Distributive School Account (DSA) balances due from the state, in addition to grant revenues related to reimbursable grants. The School considers the balance of receivables to be fully-collectible; accordingly, an allowance for uncollectible accounts has not been recorded. Capital Assets Capital assets are defined by the School as assets with an estimated useful life in excess of one year and an initial individual cost exceeding $5,000, unless a smaller threshold is required under an applicable grant agreement. Such assets are recorded at historical cost or an estimated historical cost if purchased or constructed. Donated capital assets are recorded at their estimated fair market value on the date of donation. Costs of normal repair or maintenance that do not add value or materially extend asset life are not capitalized. Depreciation on all capital assets is provided on the straight-line basis over the following estimated useful lives:

Capital Asset Type Years

Furniture and equipment 5 years Leasehold improvements 7 years

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19

NEVADA STATE HIGH SCHOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) JUNE 30, 2019 NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) Interfund Balances Amounts receivable from or payable to the blended component units are recorded as due to/from other funds. These balances represent reciprocal transfers of funds, with a reasonable expectation of repayment, and are presented as a single line item in the accompanying financial statements to eliminate the interfund balances. Accrued Salaries and Benefits Employee compensation earned but not paid by June 30, 2019, has been accrued as liabilities and shown as expenses for the current year. The School does not pay employees for unused accrued time off upon termination of employment; therefore, no liability for compensated absences has been included in these financial statements. Deferred Outflows and Inflows of Resources In addition to assets, a separate section is reported for deferred outflows of resources. This separate financial statement element, deferred outflows of resources, represents a consumption of net position that applies to a future period and will not be recognized as an outflow of resources (expense/expenditure) until then. The changes in proportion and differences between employer contributions and the proportionate share of contributions as well as contributions made after the measurement period for pensions qualify for reporting in this category. In addition to liabilities, a separate section is reported for deferred inflows of resources. This separate financial statement element, deferred inflows of resources, represents an acquisition of net position that applies to a future period and will not be recognized as an inflow of resources (revenue) until that time. Differences between expected and actual experience and between projected and actual investment earnings on pension plan investments qualify for reporting in this category. Defined Benefit Pension Plan For purposes of measuring the net pension liability, deferred outflows of resources, deferred inflows of resources and pension expense, information about the fiduciary net position of the Public Employees’ Retirement System of Nevada (PERS) and additions to/deductions from PERS’s fiduciary net position have been determined on the same basis as they are reported by PERS. For this purpose, benefit payments (including refunds of employee contributions) are recognized when due and payable in accordance with the benefit terms. Net Position and Fund balance In the government-wide financial statements, net position is classified into three components:

Invested in Capital Assets, Net of Related Debt: This is the component of net position that reports the difference between the capital assets less both the accumulated depreciation and the outstanding balance of debt, excluding unexpended proceeds, that is directly attributable to the acquisition, construction, or improvement of those assets. Restricted Net Position: This is the component of net position that reports the constraints placed on the use of assets by constitutional provisions, enabling legislation, or because of constraints that are externally imposed by creditors, grantors, contributors, or the laws and regulations of other governments.

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NEVADA STATE HIGH SCHOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) JUNE 30, 2019 NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) Net Position and Fund balance (Continued)

Unrestricted Net Position: All other assets that do not meet the definition of “invested in capital assets, net of related debt” or “restricted net position”.

In the fund financial statements, the classifications of fund balance represent amounts that are not subject to appropriation or are legally segregated for a specific purpose, and are classified into five components:

Nonspendable fund balance: These items are legally or contractually required to be maintained intact and are not in a spendable form, such as prepaid expenses. Restricted fund balance: These amounts are restricted for use toward a specific purpose by constitutional provisions, enabling legislation, or because of constraints that are externally imposed by creditors, grantors, contributors, or the laws or regulations of other governments. Committed fund balance: These amounts can only be used for specific purposes as set forth by the School Board. The Board must take formal action, prior to the end of the reporting period, in order to establish an ending fund balance commitment for any specific purpose. Formal Board action is also required to modify or rescind an established commitment. Assigned fund balance: Assignments are neither restrictions nor commitments and represent the School’s intent to use funds for a specific purpose. These assignments, however, are not legally binding and are meant to reflect intended future use of the School’s ending fund balance. The School Board and Management have the responsibility of assigning amounts of ending fund balance. Unassigned fund balance: The residual classification for the General Fund that is available to spend.

When an expenditure is incurred, and both restricted and unrestricted resources are available, the portion of the fund balance that was restricted for purposes shall be reduced first. If no restricted resources exist, then the unrestricted fund balance shall be reduced. Furthermore, when an expenditure is incurred for purposes which amounts of committed, assigned, or unassigned are considered to have been spent, and any of these unrestricted fund balance classifications could be used, they are considered spent in the above order. Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates, assumptions, and judgments that affect certain reported amounts and disclosures. Accordingly, actual results could differ from those estimates.

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NEVADA STATE HIGH SCHOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) JUNE 30, 2019 NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) New Accounting Pronouncement In June 2017, the GASB issued Statement No. 87, Leases, which establishes a single model for lease accounting based on the foundational principle that leases are financings of the right to use an underlying asset. Under this statement, a lessee is required to recognize a lease liability and an intangible right-to-use lease asset, and a lessor is required to recognize a lease receivable and a deferred inflow of resources, thereby enhancing the relevance and consistency of information about governments' leasing activities. This statement is effective for annual reporting periods beginning after December 15, 2019, with early adoption permitted. The School is currently evaluating the impact the adoption of this statement will have on its financial statements. NOTE 3 – RELATED PARTY TRANSACTIONS During the year ended June 30, 2019, the School engaged the services of a board member to provide music entertainment services at a school activity. The board member was paid $600 for these services. NOTE 4 – DEPOSITS AND CREDIT RISK The School’s cash is categorized in three categories of credit risk:

Category 1: Insured or collateralized with securities held by entity or by its agent in the School’s name

Category 2: Collateralized with securities held by the pledging financial institution’s trust department or agent in the School’s name.

Category 3: Uncollateralized. The School participates in a statewide collateral pool made available under applicable state law. The statewide program is centralized and coordinated by the Office of the State Treasurer. Under the pool, participating financial institutions are required to maintain collateral securities having a fair market value that is at least 102% of the amount of the aggregate uninsured ledger balances of public money held by the depository. State and local agency participation is voluntary. Financial institutions that participate require a signed collateral security agreement and approval by the State Treasurer. The School maintains bank accounts in Wells Fargo Bank, which is a participating banking institution and the School has joined the statewide collateral pool. The cash held by the financial institution is insured up to the Federal Deposit Insurance Corporation (FDIC) insurance limits of $250,000 for interest bearing accounts and fully insured for non-interest bearing accounts as of June 30, 2019 due to participation in the statewide collateral pool. At June 30, 2019, the School’s cash deposits were fully insured as the accounts were non-interest bearing with no uncollateralized portions. Custodial credit risk is the risk that the School may not be able to recover the value of the deposits that are in the possession of an outside party. The School does not have a formal policy for custodial credit risk.

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NEVADA STATE HIGH SCHOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) JUNE 30, 2019 NOTE 5 – CAPITAL ASSETS A summary of changes in capital assets from governmental activities for the year ended June 30, 2019 is as follows:

Balance BalanceJune 30, 2018 Additions Deletions June 30, 2019

Cost of assetsFurniture and equipment 156,907$ 91,840$ -$ 248,747$ Leasehold improvements 31,382 126,069 - 157,451

Total 188,289 217,909 - 406,198

Accumulated depreciationFurniture and equipment (151,015) (19,525) - (170,540) Leasehold improvements (31,382) (12,671) - (44,053)

Total (182,397) (32,196) - (214,593)

5,892$ 185,713$ -$ 191,605$

Depreciation expense was not charged to activities as the School considers its assets to impact multiple activities and allocation is not practical. NOTE 6 – BUILDING LEASES AND DEFERRED RENT The School entered into various non-cancelable operating lease agreements for its school campuses and central office space. These lease agreements have terms ranging from 5 to 10 years, with certain provisions for renewal. The leases include various escalating payment arrangements with payments ranging from approximately $2,000 to approximately $9,000 per month. The School has also participated in certain month-to-month lease agreements. Total lease expenses under the School’s various lease agreements amounted to $335,756 for the year ended June 30, 2019. The future minimum lease payments under the School’s non-cancelable lease agreements are as follows:

Year Ending June 30,

Governmental

Activities

2020 275,660$ 2021 285,017 2022 284,220 2023 190,786 2024 169863

Thereafter 53,017

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23

NEVADA STATE HIGH SCHOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) JUNE 30, 2019

NOTE 7 – DEFINED BENEFITS PENSION PLAN Plan Description The School is a public employer participating in the Public Employees Retirement System of the State of Nevada (PERS), a defined benefit cost-sharing multiple-employer program, and all employees considered to be full-time equivalents (FTE) of 50% of more are covered under the system. The System is administered to provide a reasonable base income to qualified employees who have been employed by a public employer and whose earnings capacities have been removed or substantially impaired by age or disability. Benefits Provided Benefits, as required by statute, are determined by the number of years of accredited service at the time of retirement and the member’s highest average compensation in any 36 consecutive months, with special provisions for members entering the System on or after January 1, 2010. Benefit payments to which participants may be entitled under the plan include pension benefits, disability benefits and survivor benefits. Monthly benefit allowances for members are computed at 2.5% of average compensation for each accredited year of service prior to July 1, 2001. For service earned on and after July 1, 2001, this multiplier is 2.67% of average compensation. For members entering the System on or after January 1, 2010, there is a 2.5% multiplier. The System offers several alternatives to the unmodified service retirement allowance which, in general, allows the retired employee to accept a reduced service retirement allowance payable monthly during their lifetime and various optional monthly payments to a named beneficiary after his or her death. Vesting Regular members are eligible for retirement at age 65 with 5 years of service, at age 60 with 10 years of service or at any age with 30 years of service for members enrolled prior to January 1, 2010. For members enrolled on or after January 1, 2010, members are eligible for retirement at age 65 with 5 years of service, at age 62 with 10 years of service, and at any age with 30 years of service. The normal ceiling limitation on monthly benefits allowances is 75% of average compensation. However, a member who has an effective date of membership before July 1, 1985, is entitled to a benefit of up to 90% of average compensation. Members become fully vested as to benefits upon completion of five years of service. Benefits are established by state statute and provisions may only be amended through legislation. Contributions Member contribution rates, which are actuarially determined, are set by statute for public employees enrolled in the contribution plan. Two contribution plans are offered to eligible employees, the employee/employer contribution plan and the employer-pay contribution plan. The System’s basic funding policy provides for periodic contributions at a level pattern of cost as a percentage of salary throughout an employee’s working lifetime in order to accumulate sufficient assets to pay benefits when due. The System receives an actuarial valuation on an annual basis indicating the contribution rates required to fund the System on an actuarial reserve basis. Contributions actually made are in accordance with the required rates established by the Nevada Legislature. These statutory rates are increased or decreased pursuant to NRS 286.421 and 286.450.

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NOTE 7 – DEFINED BENEFITS PENSION PLAN (Continued) For contributions to the employee/employer plan made on or after July 1, 2015, contributions of 14.50% are deducted from the employee and a matching contribution of 14.50% is paid by the employer. The employer-pay contribution plan requires an employer paid contribution rate of 28.00% for contributions made on or after July 1, 2015. Effective July 1, 2019, the contribution rates under the employee/employer plan were increased to 15.25% deducted from the employee and a matching contribution of 15.25%, and the contribution rate under the employer-pay plan was increased to 29.25%. Pension Liabilities, Pension Expense, and Related Deferred Inflows and Outflows of Resources At June 30, 2019, the School reported a liability of $1,572,156 for its proportionate share of the net pension liability. The net pension liability was measured as of June 30, 2018, and the total pension liability used to calculate the net pension liability was based on an actuarial valuation as of that date. Each employer’s proportion of the net pension liability is based on their combined employer and member contributions relative to the total combined employer and member contributions for all employers for the period ended June 30, 2018, actuarially determined. At June 30, 2018, the School’s proportion was 0.01153%.

Deferred Outflows of Resources

Deferred Inflows of Resources

Differences between expected and actual experience 49,251$ 72,975$ Change in assumptions 82,842 - Net difference between projected and actual

investment earnings on pension plan investments - 7,486 Changes in proportion and differences between employer

contributions and proportionate share of contributions 423,606 15,276 Contributions subsequent to the measurement date 260,935 -

816,634$ 95,737$

Amounts reported as deferred outflows and deferred inflows of resources, without regard to the contributions subsequent to the measurement date, related to pensions will be recognized in pension expense as follows for the years ended June 30:

2019 35,983$ 2020 9,584 2021 (24,670) 2022 13,351 2023 15,307

Thereafter 2,077 The net difference between projected and actual investment earnings on pension plan investments will be recognized over five years, all the other above deferred outflow and deferred inflows will be recognized over the average expected remaining service lives, which was 6.39 years for the measurement period ending June 30, 2018.

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NOTE 7 – DEFINED BENEFITS PENSION PLAN (Continued) Actuarial Assumptions The System’s net pension liability was measured as of June 30, 2018 and the total pension liability used to calculate the net pension liability was determined by an actuarial valuation as of that date. The total pension liability was determined using the following actuarial assumptions, applied to all periods included in the measurement:

Inflation rate 2.75% Payroll growth 5.00% Investment rate of return 7.50% Productivity pay increase 0.5% Projected salary increases Regular: 4.25% to 9.15%, depending on service Rates include inflation and productivity increases Consumer price index 2.75% Other assumptions Same as those used in the June 30, 2018 funding actuarial valuation

Actuarial assumptions used in the June 30, 2018 valuation were based on the results of the experience review completed in 2017. The discount rate used to measure the total pension liability was 7.50% as of June 30, 2018. The projection of cash flows used to determine the discount rate assumed that employee and employer contributions will be made at the rate specified in the statue. Based on that assumption, the pension plan’s fiduciary net position at June 30, 2018 was projected to be available to make all projected future benefit payments of current active and inactive employees. Therefore, the long-term expected rate of return on pension plan investments was applied to all periods of projected benefit payments to determine the total pension liability as of June 30, 2018. Investment Policy The System’s policies which determine the investment portfolio target asset allocation are established by the Retirement Board. The asset allocation is reviewed annually and is designed to meet the future risk and return needs of the System. The following was the Retirement Board’s adopted policy target asset allocation as of June 30, 2018:

Asset Class Target Allocation

Long-term

Geometric

Expected Real

Rate of Return*

Domestic equity 42% 5.50%International equity 18% 5.75%Domestic fixed income 30% 0.25%Private markets 10% 6.80%

*As of June 30, 2018, PERS’ long-term inflation assumption was 2.75%.

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NOTE 7 – DEFINED BENEFITS PENSION PLAN (Continued) Discount Rate and Pension Liability Discount Rate Sensitivity The following presents the net pension liability of the PERS as of June 30, 2018, calculated using the discount rate of 7.50%, as well as what the PERS net pension liability would be if it were calculated using a discount rate that is one percentage-point lower (6.50%) or one percentage-point higher (8.50%) than the current discount rate:

1% Decrease in

Discount Rate

(6.50%)

Discount Rate

(7.50%)

1% Increase in

Discount Rate

(8.50%)

Net pension liability 2,397,474 1,572,156 886,365 Pension Plan Fiduciary Net Position Additional information supporting the Schedule of Employer Allocations and the Schedule of Pension Amounts by Employer is located in the PERS Comprehensive Annual Financial Report (CAFR) available on the PERS website at www.nvpers.org under Quick Links – Publications. That report may also be obtained by writing to Public Employees Retirement System of Nevada, 693 West Nye Lane, Carson City, Nevada 89703 or by calling 775-687-4200. NOTE 8 – SUBSEQUENT EVENTS Subsequent events have been evaluated through October 9, 2019, which is the date the financial statements were available to be issued. No additional events were identified that would require additional disclosure.

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SUPPLEMENTARY INFORMATION

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See accompanying notes 27

Nevada State High SchoolBudgetary Comparison ScheduleCombined Primary Government and Blended ComponentsFor the Fiscal Year Ended June 30, 2019

VarianceFavorable /

Budget Actual (Unfavorable) Percentage

REVENUELocal revenue sources 128,340$ 127,700$ (640) 0%State program revenues 4,449,340 5,184,007 734,667 17%Federal Program revenues 56,060 486,823 430,763 768%

Total revenue 4,633,740 5,798,530 1,164,790 25%

EXPENDITURESInstruction 1,900,817 1,989,106 (88,289) -5%Support services 2,360,252 3,247,349 (887,097) -38%

Total expenditures 4,261,069 5,236,455 (975,386) -23%

Excess (deficiency) of revenue over expenditures 372,671 562,075 189,404 51%

FUND BALANCE, beginning of year 1,210,464 1,210,464 - 0%

FUND BALANCE, end of year 1,583,135$ 1,772,539$ 189,404$ 12%

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Nevada State High SchoolSupplemental Pension InformationFor the fiscal year ended June 30, 2019

Proportion of the net pension liability 0.01153%

Proportionate share of the net pension liability 1,572,156$

Covered-employee payroll 1,189,898$

Proportionate share of the net pension liability as a percentage of its covered-employee payroll 132.1%

Plan fiduciary net position as a percentage of the total pension liability 75.2%

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Nevada State High SchoolFinancial Statement Audit Results SummaryFor the fiscal year ended June 30, 2019

1 School name Nevada State High School2 School year ended 20193 Year of operations 20044 Independent auditor Ellsworth & Stout, LLC5 Cash 1,263,1226 Current assets 1,881,3907 Noncurrent assets 216,2438 Deferred outflows 816,6349 Current liabilities 170,170

10 Noncurrent liabilities 1,602,24311 PERS pension liability 1,572,15612 Deferred inflows 95,73713 Revenues 5,670,83014 Expenditures 4,872,87115 Annual principal -16 Interest expense -17 Depreciation expense 32,19618 Outstanding loan No19 Debt default No

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INDEPENDENT AUDITOR’S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND ON COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED

IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS

To the Governing Board of Nevada State High School Las Vegas, Nevada We have audited, in accordance with the auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States, the financial statements of the governmental activities and each major fund of Nevada State High School (School) as of and for the year ended June 30, 2019, and the related notes to the financial statements, which collectively comprise Nevada State High School’s basic financial statements, and have issued our report thereon dated October 9, 2019. Internal Control Over Financial Reporting In planning and performing our audit of the financial statements, we considered the School’s internal control over financial reporting (internal control) to determine the audit procedures that are appropriate in the circumstances for the purpose of expressing our opinions on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of the School’s internal control. Accordingly, we do not express an opinion on the effectiveness of the School’s internal control. Our consideration of internal control was for the limited purpose described in the preceding paragraph and was not designed to identify all deficiencies in internal control that might be material weaknesses or significant deficiencies and therefore, material weaknesses or significant deficiencies may exist that have not been identified. However, as described in the accompanying schedule of findings and responses, we did identify a certain deficiency in internal control that we consider to be material weaknesses and significant deficiencies. A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct, misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control, such that there is a reasonable possibility that a material misstatement of the entity’s financial statements will not be prevented, or detected and corrected on a timely basis. We consider the deficiency described in the accompanying schedule of findings and responses as item 2019-001 to be a material weakness. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance. We consider the deficiency described in the accompanying schedule of findings and responses as item 2019-002 to be a significant deficiency. Compliance and Other Matters As part of obtaining reasonable assurance about whether the School’s financial statements are free from material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements, noncompliance with which could have a direct and material effect on the determination of financial statement amounts. However, providing an opinion on compliance with those provisions was not an objective of our audit, and accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards. School’s Response to Findings The School’s response to the findings identified in our audit is described in the accompanying schedule of findings and responses. The School’s response was not subjected to the auditing procedures applied in the audit of the financial statements and, accordingly, we express no opinion on it.

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Purpose of this Report The purpose of this report is solely to describe the scope of our testing of internal control and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the School’s internal control or on compliance. This report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the School’s internal control and compliance. Accordingly, this communication is not suitable for any other purpose. Las Vegas, Nevada October 9, 2019

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NEVADA STATE HIGH SCHOOL SCHEDULE OF FINDINGS AND RESPONSES YEAR ENDED JUNE 30, 2019 2019-001 – Inadequate Safeguarding of Assets Description: The School uses a signature stamp to authorize checks. Multiple individuals have access to the stamp, including those without check signing authority. Recommendation: It is recommended that the stamp procedure be replaced with a required wet signature for all checks by an authorized individual segregated from those with recording, processing, or reconciling responsibilities. Management Response: We agree with this recommendation. We no longer use a stamp to authorize checks. The stamp has been destroyed. This recommendation has been fully implemented 2019-002 – Inadequate Financial Close Procedures Description: Subsidiary ledgers, such as accounts payable and accounts receivable aging schedules, are not being reconciled to the general ledger on a timely basis. In addition, grant revenues and associated expenditures are not reconciled in a timely manner to ensure completeness of revenues and accuracy of expense classification to the appropriate grant code. Recommendation: It is recommended that the School update its monthly financial close procedures to include a reconciliation of subsidiary ledgers to the general ledger, and a reconciliation of grant revenues and expenses to ensure all revenues have been recorded and all expenses have been appropriately classified. Management Response: We agree with this recommendation. We have added as part of our monthly close procedures a monthly reconciliation of both Accounts Payable and Accounts Receivable. We will begin this process in November 2019. We will also include a monthly reconciliation of grants. This recommendation has been fully implemented. DRAFT

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Nevada State High SchoolBudget Proposal FY1920

Proposed Adopted Quarter1 Quarter2 YTD Proposed Adopted Quarter1 Quarter2 YTD

Total Revenues 1,729,588 1,600,975 - 1,102,854 1,278,615 -

Total 100 Wages 400,614 352,477 - 300,102 321,475 -

Total 200 Benefits 115,647 103,368 - 80,734 88,531 -

Total 300 Prof Serv 67,518 67,210 - 51,884 54,986 -

Total 400 Prop Serv 134,240 131,840 - 100,352 94,502 -

Total 500 Other Serv 695,888 662,168 - 445,608 523,968 -

Total 600 Supplies 200,585 157,920 - 94,434 126,375 -

Total 700 Property - - - - - -

Total 800 Debt/Misc 2,673 2,668 - 1,758 2,218 -

Total Expenditures 1,617,165 1,477,652 - 1,074,872 1,212,054 -

Total Other - - - - - - - - -

Financing Sources

Excess (deficiency) 112,423 123,323 - - - 27,982 66,561 - - -

of revenues

Fund Balance, 211,293 211,293 135,543 135,543

Start of Year

Fund Balance, 323,715 334,616 - - - 163,525 202,103 - - -

End of year


Total Revenues 438,734 601,800 - 546,157 619,067 -

Total 100 Wages 144,347 193,837 - 188,019 206,164 -

Total 200 Benefits 47,406 60,346 - 60,013 53,446 -

Total 300 Prof Serv 11,966 15,509 - 12,442 17,658 -

Total 400 Prop Serv 26,420 26,420 - 39,947 39,947 -

Total 500 Other Serv 172,039 245,159 - 202,979 247,298 -

Total 600 Supplies 16,023 40,136 - 24,753 28,572 -

Total 700 Property - - - - - -

Total 800 Debt/Misc 503 708 - 613 693 -

Total Expenditures 418,704 582,115 - 528,766 593,778 -

Total Other - - - - - - - - - -

Financing Sources


of revenues

Fund Balance, 11,301 11,301 - -

Start of Year

Fund Balance, 31,331 30,986 - - - 17,391 25,289 - - -

End of year

Budget Actuals Budget ActualsTable 1: Henderson budget for fy1920 Table 1: Summerlin budget for fy1920

Table 3: Downtown budget for fy1920 Table 4: Southwest budget for fy1920Budget Actuals Budget Actuals

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Nevada State High SchoolBudget Proposal FY1920


Total Revenues 5,959,944 6,136,016 - - - 2,142,611 2,035,560 -

Total 100 Wages 2,002,925 2,057,760 - - - 969,843 983,806 -

Total 200 Benefits 595,366 614,124 - - - 291,566 308,434 -

Total 300 Prof Serv 447,081 382,673 - - - 303,271 227,311 -

Total 400 Prop Serv 430,877 416,887 - - - 129,918 124,178 -

Total 500 Other Serv 1,700,429 1,856,794 - - - 183,916 178,202 -

Total 600 Supplies 404,491 419,200 - - - 68,696 66,196 -

Total 700 Property - - - - - - - -

Total 800 Debt/Misc 26,626 23,549 - - - 21,079 17,262 -

Total Expenditures 5,607,796 5,770,988 - - - 1,968,289 1,905,389 -

Total Other - - - - -

Financing Sources*


of revenues

Fund Balance, 1,284,499 1,284,500 - - - 926,363 926,363

Start of Year

Fund Balance, 1,636,647 1,649,528 - - - 1,100,685 1,056,534 - - -

End of year

FundBalance

Table 5: Network budget for fy1920 Table 6: CSO budget for fy1920Budget Actuals Budget Actuals

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