Near‐Term. The portion of the framework that tests a school’s near‐term financial health is designed to predict the school’s financial position and viability in the upcoming year. Schools meeting the desired standards demonstrate a low risk of financial distress for the coming year. Schools that fail to meet the standards may currently be experiencing financial difficulties and/or are at risk for financial hardship in the near term. These schools may require additional review and immediate corrective action on the part of the sponsor.
Appears in 4 contracts
Samples: Renewed Charter Contract, Renewed Charter Contract, Charter Contract
