Common use of Enrollment Variance Clause in Contracts

Enrollment Variance. Actual Enrollment divided by Enrollment Projection in Charter School Board-Approved Budget Preliminary Rating Final Rating (Following Additional Analysis) Meets Target:  Enrollment Variance equals or exceeds 95% in the most recent year Meets Target:  Indicates sound financial viability based on the overall financial record. Either the school has already met the target based on the financials under review, or previous financial concerns that produced a preliminary Pending rating have been adequately remedied based on more current financial data or addressed adequately based on additional information such that the Commission concludes that performance against the target indicates sound financial viability. Pending Further Analysis:  Enrollment Variance is below 95% in the most recent year Does Not Meet Target:  Upon further review following a preliminary Pending rating, the Commission concludes that there is financial risk such that heightened monitoring and/or intervention may be warranted. A Does Not Meet rating means that even based on more current financial information, the school is not currently meeting the target or concerns previously identified, although not currently manifested, have been of a depth or duration that warrants continued attention.