2-3595-7 Attachment A - PCPA FY24 AFR.pdf

County CTDS number 078743000

X

Education's website on 9/27/2024

Total expenses by project

1. Schoolwide and Other Special Projects (from page 2, line 33) $

2. Classroom Site Project (from page 2, line 34) $

Dr. Tom Nerini

Ms. Donna Davis

Ms. Jacqueline Smith

Mrs. Marie Sullivan

Signed Dr. Linda Thor

Title

Secretary

Member

Member

Member

Member

Member

FY 2024

Charter School Annual Financial Report State of Arizona

Maricopa Charter name d.b.a. (as applicable)

We, the Governing Board of the Charter School, hereby certify the Annual Financial Report and School Level Reporting form per A.R.S. §§15-183(E)(6) and 15-904 for Fiscal Year 2024.

Ms. Kelli Butler

Charter school official signature

Ms. Susan Bitter-Smith President

Charter school MCCCD on behalf of Phoenix College Preparatory Academy

Checking the box to the left certifies the Charter did not incur any expenses for Instructional Improvement Project, as defined in the USFRCS and reported on Page 4, Line 5, during the fiscal year.

266,080

Charter school official (typed name)

The annual financial report file(s) for FY 2024 uploaded to the Arizona Department of described at left.

contain(s) the data for the annual financial report

1,909,571

Email Stacey.boyd@gatewaycc.edu

Dr. Kimberly Britt

Mr. Stacey Boyd Charter school official signature

Charter school official (typed name) kimberly.britt@phoenixcolleg Email

Rev. 8/24 Arizona Department of Education and Auditor General FY 2024 on behalf of Phoenix College Preparatory Academy County CTDS number

Revenue 1000 Local sources Actual

1. 0 1.

2. 0 2.

3. 0 3.

4. 0 4.

5. 0 5.

6. 46,019 6.

7. 0 7.

8. 0 8.

9. 0 9.

10. 0 10.

11. 1900 Other revenues and gains from local sources 0 11.

12. 0 12.

13. 0 13.

14. 46,019 14.

2000 Intermediate sources

15. 0 15.

16. 0 16.

17. 0 17.

18. 0 18.

3000 State sources

19. 2,382,129 19.

20. 0 20.

21. 264,874 21.

22. 0 22.

23. 0 23.

24. 2,647,003 24.

4000 Federal sources

25. 0 25.

26. 294,065 26.

27. 0 27.

28. 4800 Federal impact aid 0 28.

29. 0 29.

30. 0 30.

31. 294,065 31.

32. 2,987,087 32.

Other revenue from State sources (specify)

1790 Extracurricular activities fees tax credit 1800 Revenue from community services activities

Other revenue from local sources (specify)

3130-3150 Other unrestricted

1920 Contributions and donations from private sources

Total Intermediate Revenue (lines 15-17)

3110 State Equalization Assistance

078743000

1410 Transportation fees from individuals

2200 Restricted

1600 Food service revenues (from accounting data) $46,019

Maricopa

1420 Transportation fees from other Arizona schools or districts 1500 Earnings on investments 1600 Food service (from Food Service AFR, line 2)

Charter school

Other revenue from intermediate sources (specify)

1750 Revenue from enterprise activities

Total Local Revenue (lines 1-13)

4200, 4500 Unrestricted/restricted received from the federal government through the State

1310 Tuition from individuals

Total revenue from all sources (lines 14, 18, 24, and 31)

4700 Revenue received from the federal government through other intermediate agencies

4900 Revenue for/on behalf of the school Other revenue from federal sources (specify) Total Federal Revenue (lines 25-30)

1320 Tuition from other Arizona schools or districts

1700 School activities

Total State Revenue (lines 19-23)

3900 Revenue for/on behalf of the school

4100, 4300 Unrestricted/restricted received directly from the federal government

3200 Restricted

2100 Unrestricted

Charter school County Maricopa CTDS number 078743000

Employee Purchased Expenses Salaries benefits services Supplies Other Prior year 1000 Schoolwide Project and 1500-1999 Other Special Projects 6100 6200 6300, 6400, 6500 6600 6800 Budget Actual actual 100 Regular education 1000 Instruction 1. 652,224 217,045 208,939 25,760 0 1,234,034 1,103,968 0 1.

2000 Support services 2100 Students 2. 70,916 29,487 1,202 27,711 0 147,967 129,316 0 2.

2200 Instruction 3. 0 0 15,998 160,741 0 82,151 176,739 0 -- 3.

2300 General administration 4. 0 0 0 0 0 0 0 0 0.00% 4.

2400 School administration 5. 187,826 62,944 6,230 5,015 3,803 561,480 265,818 0 -- 5.

2500 Central services 6. 0 0 0 0 0 0 0 0 0.00% 6.

2600 Operation & maintenance of plant 7. 0 0 0 0 754 200 754 0 -- 7.

2900 Other support services 8. 86,653 26,765 4,520 0 0 199,446 117,938 0 -- 8.

3000 Operation of noninstructional services 9. 0 0 0 0 0 5,000 0 0 0.00% 9.

4000 Facilities acquisition & construction 10. 0 0 0 0 0 0 0 0 0.00% 10.

5000 Debt service 11. 0 0 0 0 0 0 0 0 0.00% 11.

610 School-sponsored cocurricular activities 12. 0 0 0 0 0 0 0 0 0.00% 12.

620 School-sponsored athletics 13. 17,600 3,243 0 0 15,138 38,443 35,981 0 -- 13.

630 Other instructional programs 14. 0 0 0 0 0 0 0 14.

700, 800, 900 Other programs 15. 0 0 0 0 0 0 0 15.

Subtotal (lines 1-15) 16. 1,015,219 339,484 236,889 219,227 19,695 2,268,721 1,830,514 0 -- 16.

200 Special education 1000 Instruction 17. 44,610 12,967 21,480 0 0 97,978 79,057 0 17.

2000 Support services 2100 Students 18. 0 0 0 0 0 0 0 0 18.

2200 Instruction 19. 0 0 0 0 0 0 0 0 0.00% 19.

2300 General administration 20. 0 0 0 0 0 0 0 0 0.00% 20.

2400 School administration 21. 0 0 0 0 0 0 0 0 0.00% 21.

2500 Central services 22. 0 0 0 0 0 0 0 0 0.00% 22.

2600 Operation & maintenance of plant 23. 0 0 0 0 0 0 0 0 0.00% 23.

2900 Other support services 24. 0 0 0 0 0 0 0 0 0.00% 24.

3000 Operation of noninstructional services 25. 0 0 0 0 0 0 0 0 0.00% 25.

4000 Facilities acquisition & construction 26. 0 0 0 0 0 0 0 0 0.00% 26.

5000 Debt service 27. 0 0 0 0 0 0 0 0 0.00% 27.

Subtotal (lines 17-27) 28. 44,610 12,967 21,480 0 0 97,978 79,057 0 -- 28.

400 Pupil transportation 29. 0 0 0 0 0 40,000 0 0 0.00% 29.

530 Dropout prevention programs 30. 0 0 0 0 0 0 0 0 0.00% 30.

540 Joint career & technical ed. & vocational ed. center 31. 0 0 0 0 0 0 0 0 0.00% 31.

550 K-3 Reading 32. 0 0 0 0 0 0 0 0 0.00% 32.

Subtotal (lines 16 and 28-32) 33. 1,059,829 352,451 258,369 219,227 19,695 2,406,699 1,909,571 0 -- 33.

Classroom Site Project (from page 3, lines 6 and 8) 34. 214,885 51,195 0 0 0 241,517 266,080 0 -- 34.

Instructional Improvement Project 35. 9,000 0 0 0.00% 35.

English Language Learner Project (from page 5, line 14) 36. 0 0 0 0 0 0 0 0 0.00% 36.

Compensatory Instruction Project (from page 5, line 28 ) 37. 0 0 0 0 0 0 0 0 0.00% 37.

Federal and State Projects (from page 8, line 33) 38. 532,822 294,065 0 -- 38.

Total (lines 33-38) 39. 3,190,038 2,469,716 0 -- 39.

CD on behalf of Phoenix College Preparatory Ac

% Increase/ decrease in actual

Totals

0.00%

0.00%

Charter school MCCCD on behalf of Phoenix College Preparatory Acad County Maricopa CTDS number 078743000

Employee Purchased Expenses Salaries benefits services Supplies

6100 6200 6300, 6400, 6500 6600 Budget Actual Classroom Site Project 1010

1000 Instructions 1. 214,885 51,195 0 0 241,517 266,080 2100 Support services—students 2. 0 0 0 0 0 0 2200 Support services—instructions 3. 0 0 0 0 0 0 2300 Support services—general administration 4. 0 0 0 3300 Community services operation 5. 0 0 0 0 0

Total Classroom Site Project (lines 1-5) 6. 214,885 51,195 0 0 241,517 266,080

Classroom Site Project 1010 property payments Budget Actual Property disbursements 7. 0 0 Interest 6850 8. 0 0 Redemption of principal 9. 0 0

Classroom Site Project Additional Classroom Site Project information 1010 Beginning project balance 10. 122,450

Revenues 11. 242,322 Interest earned 12. 0

Total revenues (lines 11 and 12) 13. 242,322 Total available (lines 10 and 13) 14. 364,772 Expenses (from lines 6, 7, 8, and 9) 15. 266,080 Ending project balance (line 14 minus line 15) 16. 98,692

Totals

Charter school County CTDS number 078743000

Support Expenses Instruction services

1000 2000 Budget Actual Instructional Improvement Project 1020

Teacher compensation increases 1. 0 0 0 0 1.

Class size reduction 2. 0 0 0 2.

Dropout prevention programs 3. 0 0 0 0 3.

Instructional improvement programs 4. 0 0 9,000 0 4.

Total Inst. Imp. expenses (lines 1-4, should equal line 9 below) 5. 0 0 9,000 0 5.

Additional Instructional Improvement Project information Actual Beginning project balance 6. 11,399 6.

Revenues 7. 22,552 7.

Total available (lines 6 and 7) 8. 33,951 8.

Expenses (line 5 above) 9. 0 9.

Ending project balance (line 8 minus line 9) 10. 33,951 10.

Budget Actual Teacher instructional costs and professional development 1. 0 1.

Student cost of certification, credentialing or licensure 2. 0 2.

Developmental costs 3. 0 3.

Instructional hardware, software or supplies 4. 0 4.

Career exploration 5. 0 5.

Total Arizona Industry Credentials Incentives expenses 6. 0 0 6.

Arizona Industry Credentials Incentive Project—detailed expenses

Maricopa

Totals

D on behalf of Phoenix College Preparatory A

If the Charter did not have any expense, verify by checkin

Beginning Employee Purchased Ending Revenues and expenses project Actual Salaries benefits services Supplies Other project balance revenues 6100 6200 6300, 6400, 6500 6600 6800 Budget Actual balance English Language Learner Project—1071 Revenues

3200 Restricted revenue from State sources 1. 0 1.

1500 Earnings on investments 2. 0 2.

Total revenues (lines 1 and 2) 3. 0 3.

Expenses 260 Special education—ELL incremental costs

1000 Instruction 4. 0 0 0 0 0 0 0 4.

2000 Support services

2100 Students 5. 0 0 0 0 0 5.

2200 Instruction 6. 0 0 0 0 0 0 0 6.

2300 General administration 7. 0 0 0 0 0 0 0 7.

2400 School administration 8. 0 0 0 0 0 0 0 8.

2500 Central services 9. 0 0 0 0 0 0 0 9.

2600 Operation & maintenance of plant 10. 0 0 0 0 0 0 0 10.

2900 Other support services 11. 0 0 0 0 0 0 0 11.

Program 260 subtotal (lines 4-11) 12. 0 0 0 0 0 0 0 12.

430 Pupil transportation—ELL incremental costs

2000 Support services 2700 Student transportation 13. 0 0 0 0 0 0 0 13.

Total (lines 12 and 13) 14. 0 0 0 0 0 0 0 0 0 0 14.

Compensatory Instruction Project—1072 Revenues

3200 Restricted revenue from State sources 15. 0 15.

1500 Earnings on investments 16. 0 16.

Total revenues (lines 15 and 16) 17. 0 17.

Expenses 265 Special education—ELL compensatory instruction

1000 Instruction 18. 0 0 0 0 0 0 0 18.

2000 Support services

2100 Students 19. 0 0 0 0 0 0 0 19.

2200 Instruction 20. 0 0 0 0 0 0 0 20.

2300 General administration 21. 0 0 0 0 0 0 0 21.

2400 School administration 22. 0 0 0 0 0 0 0 22.

2500 Central services 23. 0 0 0 0 0 0 0 23.

2600 Operation & maintenance of plant 24. 0 0 0 0 0 0 0 24.

2900 Other support services 25. 0 0 0 0 0 0 0 25.

Program 265 subtotal (lines 18-25) 26. 0 0 0 0 0 0 0 26.

435 Pupil Trans.—ELL compensatory instruction

2000 Support services 2700 Student transportation 27. 0 0 0 0 0 0 0 27.

Total (lines 26 and 27) 28. 0 0 0 0 0 0 0 0 0 0 28.

Total expenses behalf of Phoenix College Preparato Maricopa

Supplementary information July 1, 2023 June 30, 2024

A. Cash balance $ 1,951,641 $ 2,422,993 F. 1. Number of full-time equivalent certified teachers 9

2. Number of full-time equivalent noncertified teachers 2

B. Audit services Budget Actual 3. Number of full-time equivalent contract teachers 0

1. Nonfederal 0 0 4. Number of schools 1

2. Federal 0 0 5. Actual days in session 180

3. Total (lines 1 and 2) 0 0 6. Tuition expense (except payments to other Arizona schools or districts) $ 0

7. Tuition expense (paid to other Arizona schools or districts) $ 193,422 C. Capital acquisitions Budget Actual 8. Textbooks (function 1000, object code 6642) $ 30,177

1. 0181 Intangible assets 0 0

2. 0191 Land and land improvements 0 0

3. 0192 Site improvements 0 0 Certified Noncertified Contract

4. 0194 Buildings and building improvements 0 0 G. Teacher salaries substitutes substitutes teachers

5. 0196 Equipment 0 0 (function 1000) (object 6113) (object 6153) (object 6325)

6. 0198 Construction in progress 0 0 1. Regular education 62,333 0 0

7. Total capital acquisitions (lines 1-6) 0 0 2. Special education 0 0 0

3. Vocational education 0 0 0 D. Investment in capital assets as of June 30, 2024 4. Other programs 0 0 0

1. 0181 Intangible assets $ 0 5.

2. 0191 Land and land improvements $ 0 0 0 0

3. 0192 Site improvements $ 0

4. 0194 Buildings and building improvements $ 0

5. 0196 Equipment $ 33,131 H. Average teacher salary (A.R.S. §15-189.05, as added by Laws 2018, Ch. 285, §3)

6. 0198 Construction in progress $ 0 Check box if the Charter was new and began operations in FY 2024.

7. Total (lines 1-6) $ 33,131 1. Average salary of all teachers employed in FY 2024 $ 68,573

2. Average salary of all teachers employed in FY 2023 $ 65,331 E. Current expenses by category 3. Increase in average teacher salary from FY 2023 $ 3,242

1. Classroom instruction excluding classroom supplies (function 1000, 4. Percentage increase $ 5.0% except line 2 amount) $ 1,674,663

2. Classroom supplies (function 1000, object code 6600) $ 25,760

3. Administration (functions 2300, 2400, 2500, and 2900) $ 383,756 Comments on average salary calculation (optional):

4. Support services—students (function 2100) $ 208,044

5. All other support services and operations (functions 2200, 2600, 2700, 3100, and 3400) $ 177,493

6. Total (lines 1-5) $ 2,469,716

$ 294,065 $ 2,175,651

7. Current expenses from federal sources

Certified

Cocurr. act., athletics, & other (program 600)

8. Current expenses from State and local sources

106,414

73,083 teachers

(object 6152) 512,477 on behalf of Phoenix College Preparatory A

Noncertified

0 0 teachers (object 6112)

Supplementary information (Cont’d)

A. Enrollment of gifted pupils by grade

Areas of identification K 1 2 3 4 5 6 7 8 9 10 11 12 Total

1. Quantitative reasoning 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1.

2. Verbal reasoning 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2.

3. Nonverbal reasoning 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3.

4. Total duplicated enrollment (lines 1-3) 4.

C. Special education programs by type

Program budget

Program actual Actual expenses for all gifted programs: 1. 97,978 79,057 1.

K-8 $ 0 2. 0 0 2.

9-12 $ 0 3. ELL incremental costs 0 0 3.

Total $ 0 4. ELL compensatory instruction 0 0 4.

5. Remedial education 0 0 5.

6. Vocational and technical education 0 0 6.

7. Career education 0 0 7.

8. 97,978 79,057 8.

9. 9.

0Expenses incurred for transporting students with disabilities

(as defined in A.R.S. §15-761) unique to the IEP 0

0 0

Gifted education

Total (lines 1-7)

B. Expenses for gifted pupils (elementary & secondary)

Total all disability classifications n behalf of Phoenix College Preparatory Maricopa

0 0 0 0 0 0 00

Grade

0 0 0 0

Beginning Adjusted Indirect Redemption Capital Ending balance Beginning Revenue costs Reversions of acquisitions balance

Federal projects actual Project Balance actual actual actual Budget Actual principal actual actual 1100-1130 ESEA Title I—Helping Disadvantaged Children 1. 0 0 67,860 0 0 118,265 67,860 0 0 1.

1140-1150 ESEA Title II—Prof. Dev. And Technology 2. 0 0 0 0 0 10,535 0 0 0 2.

1160 ESEA Title IV—21st Century Schools 3. 0 0 2,257 0 0 10,000 2,257 0 0 3.

1170-1180 ESEA Title V—Promote Informed Parent Choice 4. 0 0 0 0 0 0 0 0 0 4.

1190 ESEA Title III—Limited Eng. & Immigrant Students 5. 0 0 0 0 0 0 0 0 0 5.

1200 ESEA Title VII—Indian Education 6. 0 0 0 0 0 0 0 0 0 6.

1210 ESEA Title VI—Flexibility and Accountability 7. 0 0 0 0 0 0 0 0 0 7.

1220 IDEA, Part B, including ARP—IDEA Grants 8. 0 0 30,489 0 0 28,262 30,489 0 0 8.

1230 Johnson-O'Malley 9. 0 0 0 0 0 0 0 0 0 9.

1240 Workforce Investment Act 10. 0 0 0 0 0 0 0 0 0 10.

1250 AEA—Adult Education 11. 0 0 0 0 0 0 0 0 0 11.

1260-1270 Vocational Education—Basic Grants 12. 0 0 0 0 0 0 0 0 0 12.

1280 ESEA Title X—Homeless Education 13. 0 0 0 0 0 0 0 0 0 13.

1290 Medicaid Reimbursement 14. 0 0 0 0 0 0 0 0 0 14.

1300 Charter School Implementation Project (Stimulus) 15. 0 0 0 0 0 0 0 0 0 15.

13__ Impact Aid 16. 0 0 0 0 0 0 0 0 0 16.

1310-1399 Other Federal Projects 17. 0 0 193,459 0 0 365,790 193,459 0 0 0 17.

Total federal projects (lines 1-17) 18. 0 0 294,065 0 0 532,852 294,065 0 0 0 18.

Total COVID-19 federal relief projects included above 19. 0 0 193,459 0 0 193,459 0 0 0 19.

State projects 1400 Vocational Education 20. 0 0 0 0 0 0 0 0 0 20.

1410 Early Childhood Block Grant 21. 0 0 0 0 0 0 0 0 0 21.

1420 Extended School Year—Pupils with Disabilities 22. 0 0 0 0 0 0 0 0 0 22.

1425 Adult Basic Education 23. 0 0 0 0 0 0 0 0 0 23.

1430 Chemical Abuse Prevention Programs 24. 0 0 0 0 0 0 0 0 0 24.

1435 Academic Contests 25. 0 0 0 0 0 0 0 0 0 25.

1450 Gifted Education 26. 0 0 0 0 0 0 0 0 0 26.

1456 College Credit Exam Incentives 27. 0 0 0 0 0 0 0 0 0 27.

1460 Environmental Special Plate 28. 0 0 0 0 0 0 0 0 0 29.

1465 Charter School Stimulus Fund 29. 0 0 0 0 0 0 0 0 0 30.

14_ Arizona Industry Credentials Incentive 30. 0 0 0 0 0 0 0 0 0 31.

1470-1499 Other State Projects 31. 0 0 0 0 0 0 0 0 0 32.

Total State projects (lines 20-31) 32. 0 0 0 0 0 0 0 0 0 33.

Total federal and State projects (lines 18 and 32) 33. 0 0 294,065 0 0 532,852 294,065 0 0 0 34.

Federal and State projects

D on behalf of Phoenix College Preparatory A Maricopa

Expenses

Charter school CCD on behalf of Phoenix College Preparatory Academy County CTDS number 078743000

Purchased Other Employee services Dues and 6800

Salaries benefits 6300, 6400, Supplies fees Miscellaneous (excluding 6810, Property Projects (1000-1999) 6100 6200 6500 6600 6810 6890 6850 and 6890) disbursements 1000 Instruction 1. 1,096,263 347,981 230,419 25,760 0 0 0 0 1.

2000 Support services 2100 Students 2. 88,516 32,731 37,820 33,840 0 0 15,138 0 2.

2200 Instruction 3. 0 0 15,998 160,741 0 0 0 0 3.

2300 General administration 4. 0 0 0 0 0 0 0 0 4.

2400 School administration 5. 187,826 62,944 6,230 5,015 0 0 3,803 0 5.

2500, 2900 Central services, other support services 6. 86,653 26,765 4,520 0 0 0 0 0 6.

2600 Operation & maintenance of plant 7. 0 0 0 0 0 0 754 0 7.

2700 Student transportation 8. 0 0 0 0 0 0 0 0 8.

3000 Operation of noninstructional services 3100 Food service operations 9. 0 0 0 0 0 0 0 0 9.

3400 Bookstore operations 10. 0 0 0 0 0 0 0 0 10.

Total (lines 1-10) 11. 1,459,258 470,421 294,987 225,356 0 0 19,695 0 11.

From federal sources (from line 11 above) 12. 184,545 66,775 36,618 6,128 0 0 0 0 12.

From State & local sources (from line 11 above) 13. 1,274,713 403,646 258,369 219,228 0 0 19,695 0 13.

4000 Facilities acquisition & construction 14. 0 0 0 0 0 0 0 0 14.

All expense Cash and investments held at June 30, 2024 object codes 0 1.

(excluding Property 0 2.

6700 and 6900) disbursements 0 3.

0 0 1.

0 0 2.

0 0 3. Long-term and short-term debt 0 0 4. 0 1.

0 2.

0 3.

Property disbursements by type All programs 0 4.

0 1.

0 2. 0 5.

0 3. 0 6.

0 4.

0 5.

Utilities and energy detail (only function 2600) 0 1.

Debt service Programs 100-630 0 2.

1. 6850 Interest 0 1.

0 2.

0 3. Technology (all functions)

1. 6330 Technical services 0 1.

Revenue from selected federal sources 2. 6432 Technology-related repairs and maintenance 0 2.

1. ESEA Title IV—Student Support and Academic Enrichment Grants 2,257 1. 3. 6441 Rental of computers and related equipment 0 3.

2. ESEA Title IV—21st Century Community Learning Centers 0 2. 4. 6531 Telecommunications 0 4.

3. ESEA Title V—Rural Education-Rural and Low-Income School Program 0 3. 5. 6650 Technology-related supplies 0 5.

4. ESEA Title V—Rural Education-Small, Rural School Achievement Program 0 4. 6. Technology-related hardware and software 0 6.

Support services-instruction detail

1. 2220 Improvement of instruction 0 1.

2. 2230 Library/media services 0 2.

2. Long-term debt issued during FY 2024

1. 6410 Utility services

2. 6621-6626 Energy

2. Redemption of principal

3. Program 900—Community services program

4. Function 3300—Community services operations (programs 700-900)

2. Land and land improvements

3. Buildings

1. Long-term debt outstanding, July 1, 2023

6. Short-term debt outstanding, June 30, 2024

5. Short-term debt outstanding, July 1, 2023

3. Long-term debt retired during FY 2024

4. Long-term debt outstanding, June 30, 2024

3. 6800 Other (function 5000, excluding 6850)

1. Program 700—Adult/continuing education programs

5. Construction

1. Intangible assets

4. Equipment

2. Program 800—Community college education programs

Maricopa

Additional information for National Public Education Financial Survey Reporting

Programs 100-630

3. Other funds, except for any employee retirement funds

1. Sinking funds

2. Bond funds

Additional information for National Public Education Financial Survey (NPEFS) reporting of COVID-19 federal relief projects

Programs 700-900 Purchased Other

Employee services Dues and Judgements 6800 All Salaries benefits 6300, 6400, Supplies fees against the school Miscellaneous (excluding 6810, Property Object Codes

6100 6200 6500 6600 6810 6820 6890 6820, 6850, and 6890) disbursements (excluding 6900) 1000 Instruction 1. 117,479 43,745 0 0 0 0 0 0 0 161,224 2100, 2200 Student Support Services 2. 0 0 32,235 0 0 0 0 0 0 32,235 2300, 2500, 2900 Other Support Services 3. 0 0 0 0 0 0 0 0 0 0 0 2400 School administration 4. 0 0 0 0 0 0 0 0 0 0 2600 Operation & maintenance of plant 5. 0 0 0 0 0 0 0 0 0 0 2700 Student transportation 6. 0 0 0 0 0 0 0 0 0 0 3100 Food service operations 7. 0 0 0 0 0 0 0 0 0 0 3400 Bookstore operations 8. 0 0 0 0 0 0 0 0 0 0 Other 9. 0 0 0 0 0 0 0 0 0 0 Total (lines 1-9) 10. 117,479 43,745 32,235 0 0 0 0 0 0 0 193,459

Total spending detail

Classroom spending detail Property disbursement detail for COVID-19 federal relief projects Indirect costs from COVID-19 federal relief projects

1. 6330 Technical services 0 0 1. Intangible assets 0 1. 6900 Indirect costs 0

2. 6432 Technology-related repairs and maintenance 0 0 2. Land and land improvements 0

3. 6441 Rental of computers and related equipment 0 0 3. Buildings 0 Property disbursements from COVID-19 federal relief projects

4. 6531 Telecommunications 0 0 4. Equipment 0 1. Program 700 Adult/continuing education programs 0

5. 6650 Technology-related supplies & purchased services (less than $5,000) 0 0 5. Construction 0 2. Program 800 Community college education programs 0

6. Technology-related hardware & software ($5,000 or more) 0 0 3. Program 900 Community services program 0

7. 6641-43 Software reported in library books, textbooks, or instructional aids 0 0

Debt service detail for COVID-19 federal relief projects

1. 6850 Interest 0

2. Redemption of principal 0

Paycheck Protection Program

1. Elementary and Secondary School Emergency Relief Funds (ESSER I) 59,958 58,958 0

2. Elementary and Secondary School Emergency Relief Funds (ESSER II) 242,706 209,317 30,169 3,220 0

3. Elementary and Secondary School Emergency Relief Funds (ESSER III) 549,370 339,186 163,290 46,894 -

4. Governor’s Emergency Education Relief Funds (GEER) - includes Acceleration Academies Program 0 0 0 0 0

5. Coronavirus Relief Fund (CRF)—Enrollment Stability Grant (ESG) Program 0 0 0 0

6. Other COVID-19 federal relief projects 0 0 0 0

852,034 607,461 193,459 50,114

Total FY 2024 expenses + indirect costs, debt service, and property disbursements 193,459

7. Total

Technology related expenses from COVID-19 federal relief projects

5. Total loan amount remaining (line 1 minus lines 2 and 4, final amount should equa

COVID-19 federal relief projects 1. Total loan amount received

2. Total PPP loans spent in all fiscal years

3. Total loan amount approved for forgiveness

4. Total amounts returned to Small Business Administration

Programs 100-630

Total

Current expenses from COVID-19 federal relief projects

MCCCD on behalf of Phoenix College Preparatory Academy Maricopa

Total Award (all fiscal years)

FY 2020 through

FY 2023

Expenses and other financing uses

FY 2024

Expenses and other financing uses

Amount remaining to spend

Avg. Daily Membership 2023 2024 Attending 245.6204 250.5378

Annual Financial Report Summary

Adjusted Beginning Beginning Capital Redemption of Ending

Project/Program Project Balance Project Balance Indirect costs Reversions acquisitions principal Project Balance Additional reserve information Regular Education 2,268,721 1,830,514 (see Reserve balance tab for more detail) Special Education 97,978 79,057 (1) The Charter does not have an adopted policy establishing a reserve balance for FY 2024.

Pupil Transportation 40,000 0 Dropout Prevention Programs 0 0 (2) The total reserve balance for FY 2024 is:

Joint Career & Tech. Ed. & Voc. Ed. Center 0 0 -$ K-3 Reading Program 0 0 Schoolwide and other special projects 679,898 0 2,428,148 0 2,406,699 1,909,571 0 0 518,577 Classroom Site 122,450 0 242,322 0 241,517 266,080 0 0 (23,758) Instructional Improvement 11,399 0 22,552 0 9,000 0 22,552 English Language Learner 0 0 0 0 0 0 0 Compensatory Instruction 0 0 0 0 0 0 0 Federal Projects 0 0 294,065 0 0 532,852 294,065 0 0 0 State Projects 0 0 0 0 0 0 0 0 0

Budgeted Expenses Actual Expenses on behalf of Phoenix College Preparatory

Revenues

Charter schoolhalf of Phoenix College Preparatory Academy County CTDS number078743000

All Projects Prior year ending project balance

1. FY 2023 ending project balance 679,898 Current year ending project balance

2. FY 2024 ending project balance 517,371

3.a Deficit balance 0 3.b Planned to be spent in FY 2025 to support budgeted spending 0 3.c Maintained for debt retirement after FY 2025 0 3.d Maintained for capital projects after FY 2025 0 3.e Maintained for retirement contributions after FY 2025 0 3.f Maintained for future financial stability 517,371 3.g Maintained for other purposes (Specify) 0 3.h Maintained for other purposes (Specify) 0 3.i Total project balance (should agree to amount on line 2) 517,371

Policy number (N/A if no adopted policy exists):

No

2.

3.

If question 1 was answered yes, complete the table below to describe the Charter's specific FY 2024 targeted and actual project balance reserve amounts and methods used to establish those targeted balance reserve amounts.

4.

Project(s)

Targeted FY 2024 project balance reserve amount

Actual FY 2024 project balance reserve amount

Total: 0 0

5. The Charter plans to take the following actions related to its ending project balance in FY 2025 and thereafter:

Phoenix College Prepartory Academy is a part of the Maricopa County Community College District. The District has a Fund Balance Reserve Policy, but it is not specific to the Charter School. During FY25, District Leadership and Charter School Leadership w be working on developing a reserve policy specific to Charter School Operations withint the District.

Method used to establish a targeted project balance reserve amount

Maricopa

A. Project balance amounts and planned uses

Is the Charter a part of another financial reporting entity (e.g., a larger nonprofit organization) with resources that are not reflected in the project balances reported in Section A?

This tab presents information on the amount and planned use of the Charter's project's balances to increase transparency and provide decision-makers, other stakeholders, and the public more complete financial information. It also pre information about policies or guidelines the Charter used to establish target project balance reserve amounts.

FY 2024 ending project balance details:

1.

B. Project balance reserve process or policy

Arizona charter schools may operate in a variety of ways including as a single school or as multiple school sites under 1 charter holder or charter management organization. A charter's operating structure may affect project balance decisions. The questions below are intended to provide clarifying information on a charter's operating format for users to consider when reviewing the specific project balance information reported on this page.

Does the Charter operate additional school sites with resources that are not reflected in the project balances reported in section A?

Does the Charter have a process or policy it follows to establish a targeted (goal) project balance reserve level that the Charter is working to maintain each year? (Yes or No in cell F26) If the Charter has an adopted policy, enter the policy number in the box provided (cell G26).