A.R.S. §15-183(R) requires each charter school sponsor to adopt a performance framework and ground its actions in evidence of the charter holder’s performance in accordance with the performance framework. In August 2012, the Board adopted its Financial Performance Framework and Guidance (“financial framework”), which represents one component of the Board’s performance framework. The purpose of the financial framework is to communicate the Board’s expectations for ensuring that all charter holders in its portfolio are viable organizations with strong fiscal management practices. The current version of the Board’s financial framework is included below.