Achievement Highlights
- Turned around four high-risk charter schools from out-of-compliance on all financial categories to good standing.
- Turned around one high risk charter school during years three and four and successfully renewed its status.
- Established a financial infrastructure system for a new charter school.
- Assisted two charter schools with their bond financial model and thus obtained over $13 million in bonds being issued.
- Turned around the State Charter School Commission (SCSC) financial performance evaluation framework measurement from ten points to ninety points with one-hundred point maximum within twelve months.
- Turned around three charter schools from having a cash deficit to having positive cash on hand within twelve months. Avolon clients’ average days of cash on hand are over sixty days while SCSC recommends thirty days.
- Successfully transitioned five charter schools from out-of-state management companies to an in-house Avolon accounting system.
- 100% of our charter schools have audits with unmodified opinions (passing audits).
- Turned around grant financial management at four charter schools from “out-of-compliance” to “in good standing”.
- Assisted charter school with their QBE funding variance with the local school district with success in re-formulating the QBE allotment.
- Implemented accounting standards best practices for fraud detection and prevention after the charter school discovered fraud.
- Provided financial budget assistants to numerous new petitioners.