Financial Overview

Here you will find a breakdown of funding and expenses for the American Leadership Academy Schools on a per-pupil basis, as well as academic and demographic data. This is meant to be a simple snapshot of the averages across our network. For the Annual Financial Reports of our 12 schools, please click here.

First page of the FinancialOverviewGraphic PDF file

Glossary of Terms

Instructional Spending

This includes expenditures for activities dealing directly with the interaction between teachers and students. Teaching may be provided for students in a school classroom or other location and include co-curricular activities and school-sponsored athletics. Expenditures related to instructional spending may include:

  • Classroom Personnel – Salaries and benefits for teachers, teachers’ aides, substitute teachers, graders, and guest lecturers.
  • General Instructional Supplies – Paper, pencils, crayons, etc.
  • Instructional Aids – Textbooks, workbooks, instructional software, etc.
  • Activities – Field trips, athletics, and co-curricular activities such as choir or band.
  • Tuition – Paid to/by out-of-state and private institutions

Student Support Services

Salaries and benefits for attendance clerks, social workers, counselors, nurses, audiologists, and speech pathologists; other costs relating to these support services to students.

Instruction Support Services

Salaries and benefits of curriculum directors, special education directors, teacher trainers, librarians, media specialists, and instruction related IT staff; other costs related to assisting instructional staff in delivering instruction.

School Administration

Salaries, benefits, and other costs related to services shared by all American Leadership Academy schools, which includes Human Resources, Curriculum Development, State Compliance and Reporting, IT, Marketing, Facilities Support, Enrollment, Finance and Accounting, Exceptional Student Services Support, Fundraising Support, Teacher, Staff, and Leadership Professional Development.

  • FTEs that provide both administrative and instruction or support services are split accordingly.
    • Example:  An Assistant Director who also provides direct classroom instruction is counted as ½ FTE admin and ½ FTE instruction.

Plant Operations

Salaries, benefits, and other costs related to equipment repair, building maintenance, custodial services, grounds keeping, and security; and costs for heating, cooling, lighting, and property insurance.

Food Services

Salaries, benefits, food supplies, and other costs related to preparing, transporting, and serving meals and snacks.

Transportation

Salaries, benefits, and other costs related to maintaining buses and transporting students to and from school and school activities.

Building Financing

Costs associated with providing school facilities, including debt service, land leases, and tenant costs of rented facilities. 

Depreciation

Depreciation is a reduction in the value of an asset with the passage of time, due in particular to wear and tear. Depreciation is a non-cash expense but is included in total expenses on the school's financial statements. 

Days Cash on Hand

Days cash on hand is the number of days that an organization can continue to pay its operating expenses, given the amount of cash available.

Debt Coverage Ratio

This is a measure of the cash flow available to pay current debt obligations. The ratio states net operating income as a multiple of debt obligations due within one year, including interest, principal, sinking-fund and lease payments.

Liquidity Ratio

Liquidity ratio is used to determine the overall ability to pay current debt obligations using current assets. To calculate the ratio, divide current assets by current liabilities. 

Students Proficiency Rates

  • Math – AzMERIT
  • English Language Arts – AzMERIT
  • Science – AIMs

Student & Teacher Measures

  • Attendance Rate – Average Daily Attendance divided by Average Daily Membership (ADM).
  • Graduation Rate – Total number of seniors completing the required coursework for graduation divided by the total number of students in their senior year of high school.
  • Free & Reduced Lunch – Total number of students that qualify for Free & Reduced Lunch divided by total ADM.
  • Special Education Population – Total number of special needs students, qualified as having a IEP or 504 plan, divided by the total ADM.
  • Students per Teacher – Total ADM divided by the total certified teacher FTEs.
  • Average FY19 Returning Teacher Salary – Total salaries paid to returning FY19 teachers divided by total returning certified teacher FTEs.
  • Average FY19 Teacher Salary – Total salaries paid to all FY19 teachers divided by all certified teachers FTEs.
  • Average Teacher Experience – Total years’ experience of all certified teacher FTEs divided by total certified teacher FTEs.
  • Percentage of Teachers in First 3 Years – Total certified teachers FTEs in their first 3 years divided by total certified teacher FTEs.

Revenues – Public Funding Sources

  • State – All Arizona State funding received through the equalization funding formula, Classroom Site Funds (Prop. 301), instructional improvement funds, charter additional assistance, etc.
  • Federal – Funds received for targeted programs such as Title I, IDEA, NSLP, and other competitive grants.
  • Local – Revenue received from individuals, private sources, or other schools such as student fees, donations, and investment earnings. 

Revenues – Detailed Revenue Sources

  • Arizona Equalization Formula Funding – Basic formula funding for schools provided by state law, calculated as the total of base level support.
  • Classroom Site Fund (CSF) – When actual revenues were insufficient to fully fund districts and charters at the established per pupil factor, statute provided for distributing the available revenues on a proportional basis. These funds are restricted and are used to increase teacher base pay as well as performance pay. 
  • Federal Impact Aid – Federal monies provided to schools that have been impacted by the presence of tax-exempt federal lands or the enrollment of students living on federal lands, such as military bases and reservations.
  • Donations – Monies provided by donors to be used for specific purposes, such as M&O, teacher development, capital projects, etc.
  • Tax Credits – Monies provided to schools that allows taxpayers to claim credit for fees paid or contributions for extracurricular activities or character building programs.
  • Lunch and Student Fees – Monies collected for paid lunches and student fees as required. 
  • Voter Approved Levies – Additional funds appropriated to schools through voter approved measures through M&O overrides or additional local taxes.
  • Other – Misc. sources of revenue

More information about operations can be found on Charter One's Annual Report:

Charter One Annual Report