State law requires the Board to ground its actions in evidence of the charter holder's performance in accordance with the Board's performance framework and requires the Board's performance framework to include the financial expectations of the charter school. In July 2019, the Board implemented its new Financial Performance Framework ("financial framework"), which was approved by the Board at the December 10, 2018 meeting, and approved the fiscal year 2020 transition plan. The financial framework communicates the Board's expectations for ensuring that all charter holders in its portfolio are viable organizations with strong fiscal management practices. The guides and frequently asked questions document below provide more information on the financial framework, including its measures, summative financial performance ratings, and intervention process.
The Board has developed the resource below to assist charter holders in determining their performance under the Board's financial framework.