Fiscal Operations Resources

5-24-10

                      SUNY Announces New Fiscal Dashboard

SUNY's new Charter School Fiscal Dashboard takes charter school transparency to a new level. The Charter School Fiscal Dashboard is a simple yet dynamic tool to view financial data and understand the fiscal health of any SUNY authorized charter school in the state that has completed at least one year of operation.

Having been designed and constructed over the past six months, the Fiscal Dashboard provides:

1. a five year financial history (or number of years in existence if less than five years) for every SUNY authorized school taken from the yearly audited financial statements;
   
   
2. data and a graphical representation of the fiscal ratio analyses that the Institute uses in determining the fiscal health of a SUNY authorized school; and
   
   
3. a never-before available means to compare like schools.

Note:  There may be multiple circumstances which cause a school to fall into the ‘needs monitoring’, ‘high risk’ or ‘poor’ categories on any of the measures featured on the dashboard. Such labels serve as an alert to the Institute and the school that further investigation and analysis may be needed. This is what prompts the Institute’s questions to schools in response to their submission of quarterly reports or during an annual evaluation, etc. The Institute always makes its determination regarding fiscal soundness in consideration of the unique characteristics of a school and any current challenges/goals it faces.

• Memo from Assoc. VP David Hruby on New Fiscal Dashboard  (5-10)

• Download the SUNY Fiscal Dashboard (7-10 v2) - Note: if prompted to update links or data when opening, select 'No,' or 'Don't Update'   (Microsoft Excel file)

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