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Five Strategies for Charter School Financial Success

Budgets are plans that help you to prioritize where your money should be spent. By building a budget, it minimizes frivolous spending and creates a uniformed plan that everyone should follow. Public charter schools receive millions of dollars annually in public taxpayer money. Since we know that the number one cause of charter school closings is based on fiscal mismanagement, I want to share with you five strategies for fiscal success in charter schools.  What I learned from Jon Schwartz’s Charter Growth Fund, was instrumental in helping me meet my goals. We utilized Jon’s strategies to turn around the fiscal standing of two public charter schools. One school had over $500,000 in previous year’s debt. We used these strategies to not only pay off all debt, by carry a $100,000 surplus.

 Tip #1: Start budgeting in the First Quarter, Not the Last: If you’re reading this in the Spring, that’s ok; just begin planning differently moving forward. Once...

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