funding sources, but we plan conservatively and only include funding we definitely know is secure. our projection at the end of 2016 will be 758,000. i have provided the latest audited statements, which incorporate financial data. i included a five-year forecast. i am very puzzled about the statement that we provided out of date data. the historical data will always be out of date. but we need to know the history before we can make meaningful and accurate forecasts for our future. thank you. good evening, commissioners. superintendent garcia and deputy superintendent. i am a parent. i am an educational consultant. i am a community member. i would like to address the recommendation around lack of diligence to the petition process. in preparing for the charter renewal process independent of edison inc., the tractor renewal team, made up of site administration, teachers, parents, and community members found there was no clear process to be followed. as petitioners, we expected
edison charter academy. after reading the staff findings and recommendation, i have to respect to the say that i do not agree with the recommendations at all. i was regional controller for edison learning for five years. i provided assistance and services related to financial planning and budgeting to all the california and hawaii charterers schools. i taught budgeting courses in nba programs. mba programs. i do not agree there was a lack of budgetary assistance and engagement. i went back to review all of the reports we submitted. i could not find any discrepancy at all. unfortunately, i have not been given any opportunity from anyone to clarify any questions for the staff might be concerned. previous recommendations have been incorporated in the financial planning and budgeting. the planning assumption for the budget is covered in pages 61, 62, and 63. we provided information for how we select an independent auditor, the scope of the audit, and how we address exceptions i
so there is a question on our matrix about whether or not the market rates are in range. these do seem to be within range, but significantly lower. that could be because of experience level of the teachers or the mix of folks they have at their sites. there was a teacher pay scale included. however, it was dated 2007 and eight. that was obviously well below market rates at this point. the costs included for health benefits did not equal the amount listed, per employee times the number of employees in the worksheet. it is unclear. the costs listed seem to be a reasonable rate per person, but that was not what was budgeted, based on the worksheet. it is unclear whether the assumption was wrong or the amount budgeted was wrong. the amount budgeted seemed to be significantly lower than what would be required for the assumptions that were listed. that was true for each of the years included in the multi-year budget. there are also paraprofessionals listed in the document at an ave
appendix 12. it was mentioned in the staff report that we have strong reserves not only for 2011-12, up for the entire five-year focused. we always look for additional funding sources, but we plan conservatively and only include funding we definitely know is secure. our projection at the end of 2016 will be 758,000. i have provided the latest audited statements, which incorporate financial data. i included a five-year forecast. i am very puzzled about the statement that we provided out of date data. the historical data will always be out of date. but we need to know the history before we can make meaningful and accurate forecasts for our future. thank you. good evening, commissioners. superintendent garcia and deputy superintendent. i am a parent. i am an educational consultant. i am a community member. i would like to address the recommendation around lack of diligence to the petition process. in preparing for the charter renewal process independent of edison inc., the tra
we provided information for how we select an independent auditor, the scope of the audit, and how we address exceptions in pages 37 through 38. the profile is in appendix 11. the scope of audits is in appendix 12. it was mentioned in the staff report that we have strong reserves not only for 2011-12, up for the entire five-year focused. we always look for additional funding sources, but we plan conservatively and only include funding we definitely know is secure. our projection at the end of 2016 will be 758,000. i have provided the latest audited statements, which incorporate financial data. i included a five-year forecast. i am very puzzled about the statement that we provided out of date data. the historical data will always be out of date. but we need to know the history before we can make meaningful and accurate forecasts for our future. thank you. good evening, commissioners. superintendent garcia and deputy superintendent. i am a parent. i am an educational consultan