Financial Subcommittee - September 25, 2013

Add to Calendar 2013-09-25 13:00:00 2013-09-25 13:00:00 Financial Subcommittee - September 25, 2013 ARIZONA STATE BOARD FOR CHARTER SCHOOLS The Board's new office is located in the State Land Department building at 1616 West Adams Street, Suite 170 Phoenix, Arizona 85007 Easy Access to open parking behind the building on the east and west sides of 16th Avenue, south of Van Buren Wednesday, September 25, 2013 Regular Session 1:00 P.M. NOTICE AND AGENDAA.   Roll Call B.   Call to the Public – This is the time for the public to comment.  Members of the Board may not discuss items that are not specifically identified on the agenda.  Therefore, pursuant to A.R.S. § 38-431.01(H), action taken as a result of public comment will be limited to directing staff to study the matter, responding to any criticism, or scheduling the matter for further consideration and decision at a later date. C.   Financial Performance Framework - Discussion and possible action on whether:    The Unrestricted Days Cash measure should be modified to an “Unrestricted Days Liquidity” measure that would include the charter holder’s unrestricted cash and any available balances on lines of credit disclosed in the audit.    The charter holder’s financial performance should be reviewed as part of compliance checks conducted to issue a letter of good standing.    The Board should consider further changes to the Financial Performance Framework and Guidelines to address statements made at the Board’s August 12, 2013 meeting regarding the framework’s use by outside entities, including lenders and rating agencies.D.   Adjournment Location Agency Platform - Standard [email protected] America/Phoenix public
ARIZONA STATE BOARD FOR CHARTER SCHOOLS
 
The Board's new office is located in the State Land Department building at
 
1616 West Adams Street, Suite 170
 
Phoenix, Arizona 85007
 
Easy Access to open parking behind the building on the east and west sides of 16th Avenue, south of Van Buren
 
Wednesday, September 25, 2013
 
Regular Session
 
1:00 P.M.
 


A.   Roll Call Image of the Play Button

B.   Call to the Public – This is the time for the public to comment.  Members of the Board may not discuss items that are not specifically identified on the agenda.  Therefore, pursuant to A.R.S. § 38-431.01(H), action taken as a result of public comment will be limited to directing staff to study the matter, responding to any criticism, or scheduling the matter for further consideration and decision at a later date. Image of the Play Button

C.   Financial Performance Framework - Discussion and possible action on whether:

  •     The Unrestricted Days Cash measure should be modified to an “Unrestricted Days Liquidity” measure that would include the charter holder’s unrestricted cash and any available balances on lines of credit disclosed in the audit.
  •     The charter holder’s financial performance should be reviewed as part of compliance checks conducted to issue a letter of good standing.
  •     The Board should consider further changes to the Financial Performance Framework and Guidelines to address statements made at the Board’s August 12, 2013 meeting regarding the framework’s use by outside entities, including lenders and rating agencies.

D.   Adjournment

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