Charter School Success is our goal

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 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 at least five 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 for at least four charter schools from out-of-compliance to be back 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 at least four financial budget assistants to new petitioners.