Common use of Served Clause in Contracts

Served. Is the school a virtual school? Yes X_No For the purposes of this Exhibit, a virtual school is defined as a school that uses an online instructional model with students typically spending fewer than five hours per week in a school building. Does the school offer blended learning? Yes X No For the purposes of this Exhibit, blended learning is defined as the delivery of instruction in a combination of time on-­‐site in a supervised, physical location away from home and online delivery where the student has some control over time, place, path, or pace of learning. If yes, approximately what percentage of students participates in blended learning? _ Does the school offer digital learning? Yes X_No For the purposes of this Exhibit, digital learning is defined as learning facilitated by technology that gives students some element of control over time, place, path, or pace of learning. If yes, approximately what percentage of students participates in digital learning? Innovations Exhibit A 2014 submitted 2014.docx 2 The Financial Performance Framework is an accountability tool that provides the Commission with data necessary to assess the financial health and viability of charter schools in its portfolio on an ongoing basis and for the purposes of an annual review. The framework summarizes a charter school’s current financial health while taking into account the school’s financial trends over a period of three years. The measures are designed to be complementary. No single measure gives a full picture of the financial situation of a school. Taken together, however, the measures provide a comprehensive assessment of the school’s financial health and viability based on a school’s historic trends, near-term financial situation, and future viability. Within each annual reporting period, the Financial Performance Framework provides for an initial review and a follow-up assessment that together produce two ratings: a Preliminary Rating and a Final Rating. The Preliminary Rating indicates whether the school has met the standard for financial viability based on the Commission’s initial review of financial information, which, for an annual review, will be drawn from the school’s audited financials. The Final Rating documents the Commission’s revised assessment based on more current financial information and/or more detailed examination of the school’s financial position, as needed.

Served. Is the school a virtual school? Yes _X_No For the purposes of this Exhibit, a virtual school is defined as a school that uses an online instructional model with students typically spending fewer than five hours per week in a school building. Does the school offer blended learning? _X_ Yes X No For the purposes of this Exhibit, blended learning is defined as the delivery of instruction in a combination of time on-­‐site in a supervised, physical location away from home and online delivery where the student has some control over time, place, path, or pace of learning. If yes, approximately what percentage of students participates in blended learning? _ 44% Does the school offer digital learning? Yes X_No X_Yes No For the purposes of this Exhibit, digital learning is defined as learning facilitated by technology that gives students some element of control over time, place, path, or pace of learning. If yes, approximately what percentage of students participates in digital learning? Innovations 44% Kamakau Exhibit A 2014 submitted 2014.docx 2 The Financial Performance Framework is an accountability tool that provides the Commission with data necessary to assess the financial health and viability of charter schools in its portfolio on an ongoing basis and for the purposes of an annual review. The framework summarizes a charter school’s current financial health while taking into account the school’s financial trends over a period of three years. The measures are designed to be complementary. No single measure gives a full picture of the financial situation of a school. Taken together, however, the measures provide a comprehensive assessment of the school’s financial health and viability based on a school’s historic trends, near-term financial situation, and future viability. Within each annual reporting period, the Financial Performance Framework provides for an initial review and a follow-up assessment that together produce two ratings: a Preliminary Rating and a Final Rating. The Preliminary Rating indicates whether the school has met the standard for financial viability based on the Commission’s initial review of financial information, which, for an annual review, will be drawn from the school’s audited financials. The Final Rating documents the Commission’s revised assessment based on more current financial information and/or more detailed examination of the school’s financial position, as needed.