City of Port St. Lucie, Florida

Vocational - Technical Career Academy

City of Port St. Lucie, Florida

Bid ReplyCOUNCIL ITEM1 2A PART 2®ATE

10-22-2018SRFQ-Bid #20180201VOCATIONAL - TECHNICAL CAREERACADEMY

It is understood and agreed that the following information is to be used by the City of Port St. Lucie to determinethe qualifications of personnel and firm as presented in this document. The Proposer waives any claim against theCity that might arise with respect to any decision concerning the qualifications of the Proposer or the personnelof the Proposer.

The undersigned attests to the truth and accuracy of all statements made on this questionnaire. Also. theundersigned hereby authorizes any public official. Consultant. Surety, bank material or equipment manufactureror distributor. or any person. firm or corporation to furnish the City of Port St. Lucie any Pertinent informationrequested by the City deemed necessary to vary the information on this questionnaire.

Dated this 4th day of October . 2018

Name of Organization / Proposer: Somerset Academy, Inc.

COMPANY NAME: Somerset Academy, Inc

DIVISION OF: NA

PI-IYSICAL ADDRESS: 725 NW California Blvd

MAILING ADDRESS: 725 NW California Blvd

CITY. STATE. ZIP CODE: Port St. Lucie. FL 34986

TELEPHONE NUMBER: 0 772-343-7028

FAX NO. 0 772-343-7029

CONTACT PERSON: Erika Rainsrains.erika,c somersetcolle<2eprep.or2

E-MAIL:

ORGANIZATIONAL PROFILE: (complete all appropriate information)

Is the firm incorporated? Yes-NoYes. Florida.

Lourdes Isla,Chairman of the Board

President

Todd German.Vice-Chair

Vice President

If yes. in what state?


City of Port St. Lucie, FloridaTodd German

Treasurer

1. How long in present business: 21 years2. How long at present location: 21 years (7 years in PSL)

3. Is firm a minority business: No

4. Does firm have a drug-free workplace program: Yes

If no. is your company planning to implement such a program? NA



5. ADDENDUMACKNOWLEDGMENT - Bidder acknowledges that the following addenda have beenreceived and are included in its proposal/bid:

Addendum Number

Date IssuedNA

NA

(This is a word document please add space as needed.)

Local Address:725 NW California BlvdPort St Lucie, FL 34986

7. Where is your assigned staffs office located. Please provide personnel names who will act as a back-up in theevent the assigned personnel can't be reached.

(This is a word document add lines as needed)Somerset College Preparatory Academy

Somerset Academy St. Lucie725 NW Californian Blvd

4402 SW Yamada RdPSL. FL 34986

PSL. FL 34953

8. List all proposed personnel assigned to this project, including title, certifications, and years of experience. (Ifusing Sub contractors please identify as such)

Staff Name Title

YearsExperience Licenses Certifications Planned

ContinuingEd

Erika Rains Principal 16 Florida Professional Ed

Frank Mestre Support andServices

3

Jeffrey Lagomacini Support andServices

6

Carlow O. Alvarez Principal 19 Florida Professional Ed

Julio Robaina COO 32

Bonnie May Educational Support&Services

15 Florida Professional Ed

(This is a word document add lines as needed)

6. Firm's office address. telephone, fax number, e-mail address and contact person forthis project. (This is a word document add lines as needed)

Corporate Address:20803 Johnson St.Pembroke Pines, FL 33029



9. List past five (5) years of litigation history.(This is a word document add lines as needed)

Somerset Academy, Inc. was established in May. 1997 as a Florida Not-for-Profit Corporation and has received and maintained its 501 c3

designation. The Corporation's FEIN is 31-1569428. The matters listed below are past, current, or threatened litigationmatters where Somerset Academy Inc. was listed as a Defendant/Party to the action. All of the below matters were,are or will be insured matters. There are no matters (current, pending or threatened) of which I am aware that might impactthe financial statements in the form of adjustments or disclosures. The matters below are General Liability/Personal Injury orEmployment in nature. Somerset Academy Inc. has had no performance related legal claims, litigation, demands or contractsterminated due to non-performance. In addition, Somerset Academy Inc. has not been sanctioned by any regulatory authorities.

CASE YEAR Filed DISPOSITION EXPLANATIONToribio Matamoros,Plaintiff vs. SomersetAcademy High School, et.al.CACE 11009615Broward County

201 1 (4/26/2011) Closed -Dismissed with prejudice6/19/2014

General Liability:Negligence (Other)

Toribio Matamoros,Plaintiff vs. SomersetAcademy High School, et.al.CACE11010961Broward County

201 I(5/1 1/2011)

Closed -Dismissed with Prejudice2/4/2013

Employment Matter:Contract and Indebtedness

Book, Ronald Lee vsCharter School Assoc Inc2014-023591-CA-01Miami-Dade County

2014(9/12/2014)

Closed -Dismissed with Prejudice12/17/2015

Personal Injury: Civil(Other Negligence)

Maria Espejo Plaintiff vs.City of Deerfield BeachAquatic Center, et alDefendantCACEI7020715

2017(11/14/2017)

Pending -Insured Matter: Case ispending resolution

Civil (Other)

Broward CountyJose Cepeda Plaintiff vs.City of Deerfield Beach, etal DefendantC \CE 17020718

2017(11/14/2017)

Pending -Insured Matter; Case ispending resolution

Civil (Other)

Broward CountyRosa Carderon Plaintiffvs. City of DeerfieldBeach, et al DefendantCVCEI7020724

2017(11/14/2017)

Pending -Insured Matter: Case ispending resolution

Civil (Other)

Broward CountyVilsen Manitrs, et alPlaintiff vs. SomersetAcademy Inc, et alDefendantLACE 18009575

2018(4/20/2018)


Negligence - PremisesLiability Commercial

Broward CountyDA VMS FOOD ANDFUN INC VS SOMERSET

201411/29/2014

Closed -Dismissed with Prejudice

School Terminated vendorcontract - Vendor alleged



ACADEMY INC2014-030299-CA-01Miami-Dade County

12/30/2015 breach of contract

Cynthia McCormick, et.al. Plaintiff vs. SomersetAcademy Inc. DefendantCACE1600312Broward County

20163/1/2016


Personal Injury:Negligence (Other)

Angelina Jadulal, Plaintiffvs. Somerset AcademyInc., DefendantCOS016003458Miami-Dade County

20165/24/2016


Employment Matter:Civil Damages greaterthan $5,000, less than$15,000

Belk:are Bassette, II et. al.Plaintiff vs. SomersetAcademy Inc., DefendantCACE16023335Miami-Dade County

201612/23/2016


Personal Injury:Negligence (Other)



10. List the Educational Institution projects awarded, by other government agencies, to your firmin past 12 months that were similar to size, and scope of this project. (Do not use City of Port StLucie projects)

11.List any potential, actual or perceived conflicts of interest in connection with the proposal; (Ifnone. so state).

To my knowledge, there are no potential, actual or perceived conflicts of interest inconnection with the proposal.

Type Project

Date of Award

Responsibility

Is Work Completed?

Amount of ContractNA

Total Amount NA



CHECKLISTSRFQ-Bid #20180201

VOCATIONAL - TECHNICAL CAREER ACADEMY

This checklist is provided to assist Bidders in the preparation of their bid response. Included in this checklist are importantrequirements that are the responsibility of each Bidder to submit with their response in order to make their bid response fullycompliant. This checklist is only a guideline -- it is the responsibility of each Bidder to read and comply with the Invitation toBid in its entirety.

X Documents uploaded in one (1) .pdf file and in order of the Bid Reply SRFP-Bid #20180201,Proposal response formatted as outlined on Pages 11-12, Certified Minority Business Certificate (ifapplicable), Local preference documents (if applicable) W9, current Certificate of Insurance, current License, five(5) reference forms, E-Verify Statement, Drug Free and Check list onto Demandstar by the due date and time.

X_ All questions on the Bid Reply are complete and thoroughly answered

X_ Each Bid Addendum (when issued) is acknowledged

X Have reviewed the Contract and accept all City Terms and Conditions

X After review of uploaded documents on DemandStar by Onvia web site selected the Submit buttonat bottom of page.

SRFP 20180201

Page 51 of 51

Final

Company Overview

Founded in 1997, Somerset Academy Charter School opened in Miramar, Florida to humblebeginnings. Appropriately named Somerset Neighborhood, the school was housed in a two-roomschoolhouse and served 50 students from Kindergarten through 5th grade. To meet parentaldemand. the school expanded in the years to follow but was careful to maintain a nurturing, tight-knit learning environment and multi-age/multi-level classroom philosophy that parents love, andchildren thrive in.

Somerset Academy, Inc. as a Florida not-for-profit educational institution with two decades ofsuccessful development and operation of over 50 high-performing charter schools serving nearly25,000 students in Pre-K through 12th grade in Miami-Dade, Broward. Palm Beach. Monroe, St.Lucie and Duval counties, as well as Las Vegas, NV and San Antonio, TX. The institution and itsboard of directors have over a decade of experience in charter school operations and managementand oversight of public funds. Somerset Academy has developed a multi-tier system (management,instruction, assessment and professional development) that has achieved increased performanceacross all student populations and subgroups as evidenced by their academic performance over thepast two decades. The Board has a proven track record of operating successful. financially soundcharter schools in Florida since 1997. Somerset Academy, Inc.'s structure and composition hasensured the academic, operational, and financial success of the existing schools within its networkand will continue to do so with the proposed school.

On March 22°', 2017 the Jefferson County, Florida School Board voted to turn over their K-12 District to the Somerset Academy Charter School Network. This historic vote is a first inFlorida, and possibly the nation. State Board of Education Commissioner, Pam Stewart,expressed support for this transition that Somerset Academy is proud to be a part of: "Jeffersonchildren and their right to learn was the driving force behind this decision to work with a charterorganization."

Furthermore, Somerset Academy, Inc. was the first charter school network in the United Statesto earn Corporate Accreditation through SACS-CASI. This distinction recognizes the myriad ofprograms Somerset offers to ensure a constant vision and purpose across all campuses.

- Technical Career Academy

Vocational March 2019- December

Grant Solicitation


2019 Preparation/Planning for Facilities

December 2019 - March2020

Contract Negotiations with School District

December - February2020

Grant Preparation

Already Done Recruitment of PrincipalMarch 2020 Finalizing curriculum and other instructional materials

November 2019- July2020

Marketing and Student Recruitment


Recruitment of Faculty and Staff

November 1, 2019 Student Application Window Opens

March 1, 2020 Student Application Window closesLottery will be conducted, as needed

March 10, 2020 Second Application Period Begins, if neededVendor Contracts Finalized (food service, uniforms, etc)

May- June Curriculum Planning and Purchasing of MaterialsTechnology and School Furniture PurchasingFinalize Staff Recruitment and HiringTeacher fingerprinting, drug-testing, and background checks

June- July 2020 Finalize Faculty and Staff HiringPolicy Adoption by Board as neededEstablish financial proceduresGoverning Board Training/Fingerprinting as neededFinalize transportation and food service plansConduct Final Facilities and Safety Inspections

July- Aug 2020 Staff TrainingFinalize Registrations and Master ScheduleTextbook and Furniture distribution and inventoryFinal Curriculum Review with lead staffFaculty Orientation Workshops - PDStudent/Parent Orientations

_Classes Commence as per Sponsor Calendar

Personnel Assigned to the Project

Staff Name Title Years ExperienceErika Rains Principal 16Frank Mestre Support and Services 3Jeffrey Lagomacini Support and Services 6Carlos O. Alvarez Principal 19Julio Robaina COO 32Bonnie May Educational Support &Services 15



DRUG-FREE WORKPLACE FORM

The undersigned vendor in accordance with Florida Statute 287.087 hereby certifies thatSomerset Academy, Inc. does:

(Name of Business)

1. Publish a statement notifying employees that the unlawful manufacture, distribution, dispensing,possession, or use of a controlled substance is prohibited in the workplace and specifying the actions thatwill be taken against employees for violations of such prohibition.

2. Inform employees about the dangers of drug abuse in the workplace, the business's policy of maintaining adrug-free workplace, any available drug counseling, rehabilitation, and employee assistance programs, andthe penalties that may be imposed upon employees for drug abuse violations.

3.

Give each employee engaged in providing the commodities or contractual services that are under proposala copy of the statement specified in subsection (1).

4. In the statement specified in subsection (1), notify the employees that, as a condition of working on thecommodities or contractual services that are under proposal, the employee will abide by the terms of thestatement and will notify the employer of any conviction of, or plea of guilty or nolo contendere to, anyviolation of Chapter 893 Florida Statutes or of any controlled substance law of the United States or anystate, for a violation occurring in the workplace no later than five (5) days after such conviction.

5.

Impose a sanction on, or require the satisfactory participation in a drug abuse assistance or rehabilitationprogram if such is available in the employee's community, by any employee who is so convicted.

6.

Make a good faith effort to continue to maintain a drug-free workplace through implementation of thissection.

As the person authorized to sign the statement, I certify that this firm complies fully with the above requirements.

SRFP 20I 80201

Page 50 of 51

Final

ACco®

CERTIFICATE OF LIABILITY INSURANCEDATE (MM/ODNYYY)

2/2/201$

THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE HOLDER. THISCERTIFICATE DOES NOT AFFIRMATIVELY OR NEGATIVELY AMEND, EXTEND OR ALTER THE COVERAGE AFFORDED BY THE POLICIESBELOW. THIS CERTIFICATE OF INSURANCE DOES NOT CONSTITUTE A CONTRACT BETWEEN THE ISSUING INSURER(S), AUTHORIZEDREPRESENTATIVE OR PRODUCER, AND THE CERTIFICATE HOLDER.

IMPORTANT: If the certificate holder is an ADDITIONAL INSURED, the policy(ies) must be endorsed. If SUBROGATION IS WAIVED, subject tothe terms and conditions of the policy, certain policies may require an endorsement. A statement on this certificate does not confer rights to thecertificate holder in lieu of such endorsement(s).

PRODUCER

Egis Insurance & Risk Advisors

CONTACT Michelle ThomasNAME:PHONE

FLAXWC, No. Ext) ^

(C No):250 International Parkway ADDRESS: [email protected]

Suite 260 INSURER(S) AFFORDING COVERAGE NAIC #Lake Mary

FL

32746 INSURERA:Florida Insurance AllianceINSURED

Somerset College Preparatory Academy (0712)725 NW University Blvd

Port St. Lucie

FL

34986

INSURER B

INSURERC:

INSURER D:

INSURER E :

INSURER F:

COVERAGES

CERTIFICATE NUMBER:Master Liability 18-19

REVISION NUMBER:THIS IS TO CERTIFY THAT THE POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIODINDICATED. NOTWITHSTANDING ANY REQUIREMENT, TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THISCERTIFICATE MAY BE ISSUED OR MAY PERTAIN, THE INSURANCE AFFORDED BY THE POLICIES DESCRIBEDHEREIN IS SUBJECT TO ALL THE TERMS,EXCLUSIONS AND CONDITIONS OF SUCH POLICIES. LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS.

INSR

ADDL SUBR

POLICY EFFLTR

TYPE OF INSURANCE

INSD WVD

POLICY NUMBER

(MM/DD/YYYY)POLICY EXP

(MM/DDNYYY) LIMITS

X

COMMERCIAL GENERAL LIABILITY EACH OCCURRENCE S 1,000,000DAMAGE TO RENTED

A CLAIMS-MADE

X

OCCUR PREMISESJEa occurrence) S Included

X

70118607

7/1/2018 7/1/2019 MED EXP (Any one person) S 5,000

PERSONAL & ADV INJURY S 1,000,000

GEN'L AGGREGATE LIMIT APPLIES PER: GENERAL AGGREGATE S 3,000,000

X

POLICY

JECTPRO-

LOC PRODUCTS - COMP/OP AGG S 1,000,000

OTHER: Employee Benefits Per Person S 1,000,000

AUTOMOBILE LIABILITY COMBINED SINGLE LIMIT S 1,000,000

A

(Ea accident)

__BODILY INJURY (Per person) S

__-

ANY AUTOALL OWNED

^ SCHEDULEDX

70118607

7/1/2018 7/1/2019 BODILY INJURY (Per accident), $AUTOS

AUTOSNON-OWNED

X HIRED AUTOS

AUTOSPROPERTY DAMAGE(Per accident S

Personal Injury Protection

5 10, 000

UMBRELLA LIAB

OCCUR EACH OCCURRENCE

$EXCESS LIAB

CLAIMS-MADE AGGREGATE

S

DED

RETENTIONS SWORKERS COMPENSATIONAND EMPLOYERS' LIABILITY Y / NANY PROPRIETOR/PARTNER/EXECUTIVEOFFICER/MEMBER EXCLUDED? N/A(Mandatory in NH)

PER

OTH-' STATUTE

ER

E.L. EACH ACCIDENT

S

E.L. DISEASE - EA EMPLOYEE SIf yes, describe underDESCRIPTION OF OPERATIONS below E.L. DISEASE - POLICY LIMIT

S

A

Educators Legal Liability

70118607

7/1/2018 7/1/2019 POLICY LIMIT 1,000,000

& EPLI AGGREGATE 2,000,000

DESCRIPTION OF OPERATIONS / LOCATIONS / VEHICLES (ACORD 101, Additional Remarks Schedule, may be attached if more space is requi red)City of Port St. Lucie & Port St. Lucie Civic Center, its Officers, Directors, Agents & Employees are

included as an Additional Insured

- Owners, Lessees or Contractors

with respect to the Somerset College

Preparatory Academy (0712) located at 725 NW University Blvd, Building SL, Port St. Lucie, FL 34986. A

minimum 30 days notice will be provided to the Certificate Holder for coverage cancellation. Note: The

most we will pay is further limited by the limitation set forth in Section 768.28(5), Florida Statutes

(2010) or equivalent limitations of successor law which are applicable at the time of loss.

CERTIFICATE HOLDER

CANCELLATION

SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE

City121

ofSW

PortPort

St.St.

Lucie & Port St. Lucie THE

EXPIRATION

DATE

THEREOF,

NOTICEACCORDANCE WITH THE POLICY PROVISIONS.

WILL BE DELIVERED

IN

Lucie BlvdPort St .

Lucie, FL

34984AUTHORIZED REPRESENTATIVE

Mark Grimmel/CIC

.E _D _(

© 1988-2014 ACORD CORPORATION. All rights reserved.

The ACORD name and logo are registered marks of ACORDACORD 25 (2014/01)INS025 (201401)

/ACV2flCWACCREDIT

D

This is to certify that

Somerset Academy, Inc.

having met the requirements established by the AdvancED''

Accreditation Commission and Board of Trustees

is hereby accredited by Advance Education, Inc. (AdvancED).

slid Through June 30, 2019

adt.. a.Mark A. Elgart, Ed.D.President and CEO, AdvancED



CITY OF PORT ST LUCIE121 SW Port St. Lucie BoulevardPort St. Lucie, Florida, 34984772-871-5223

REFERENCE CHECK FORMBidder Instructions: Fill out top portion only.

(Please print or type)

SRFP Number: 20180201

Title: Vocational - Technical Career Academy

Bidder/Respondent: Somerset Academy Inc

Reference: Athena Guillen Fax #:Email: aquillensomersetcentral.orq Telephone #: 954 - 435 - 1570Person to contact: Athena Guillen

Reference Instructions: The above Bidder has given your name to the City of Port St. Lucie as a reference. Pleasecomplete the information below and fax within two (2) days to 772-871-7390 or email to [email protected] .

Describe the scope of work of the contract awarded by your firm to this Consultant.Grant Assistance, Professional Development/Curriculum Support, Accounting, HumanResources (Payroll), Benefits, Medical, Retirement, Assistance with Federal Programs(National School Lunch Program), National Accreditation, Facilities Development, andLegal services.What is the size of your school and describe your curriculum.

My middle/high school has about 650 students and we offer the standard curriculum so

all students will graduate with a standard high school diploma. We also offer advanced

courses and industry certifications in Microsoft with the goal to continue to add

additional options for industry certifications each year.

Was the school complex completed on time and within budget? Yes

How many audits has this consultant completed for you within the past five (5) years? We

are audited every year.

What problems were encountered (claims)? None

How many change orders were requested by this consultant?

How would you rate the contractor on a scale of low (1) to high (10) for the following?

Professionalism 10 Qualifications 10SRFP 20180201

Pa ge I of 51

Final

Vocational = Technical Career Academy


Budget Control 10

Final Product 10

Cooperation 10

Reliability 10

Would you contract with this Consultant again? Yes [x ]

No [ ]

Maybe [ ]Comments:

Thank you.

SRFP 20180201

Pa ge 2 of 51

Final



SRFP 20180201

Pa ge 3 of 51

Final









Reference: George Groezinger - Principal at Somerset Canyons Fax #:Email: ggrozinqer(a,somersetcanyons.com

Telephone #: 561-732-8252Person to contact:


Describe the scope of work of the contract awarded by your firm to this Consultant.Grant Assistance

. Professional Development/Curriculum SupportAccounting, Human Resources (Payroll)Benefits. MedicalRetirement PlansAssistance with Federa Programs (National School Lunch Program)National AccreditationFacilities Development

students in the Middle School and High School. Our curriculum is college prep and

industry certification focused. We offer gifted. advanced, and even high school level

classes in the Middle School. In addition. we offer Advanced Placement. AICE. and

Dual Enrollment Classes in high schcoi. Added to this s a

strong and involved

Med'ca Program in Middle and High School, Our students in awards at the Regional,

State, and National level in the Medical Program. !, 'e currentl are the only high school

in our county to partner directly with a hospital (Bethesda Hospital) for all of our medical

students to complete observations and clinical hours. We also have a strong technical

.

What is the size of your school and describe your curriculum. We have over 1600

SRFP 20180201

Pa g e I of 51

Final


City of Port St. Lucie, Floridaprogram with close to 100% of students passing their Industry Certification Exams each

year.

Was the school complex completed on time and within budget? '`es

How many audits has this consultant completed for you within the past five (5) years?

Five (one per year)

How many change orders were requested by this consultant? None that I am aware of.

What problems were encountered (claims)? 9ne that I am familiar with.


Professionalism 10

Qualifications 10 Final Product 10

Budget Control 10 Cooperation 10

Reliability 10

Would you contract with this Consultant again? Yes [x ]

No [ ]

Maybe []Comments:

Thank you.

SRFP 20180201

Page 2 or51

Final



SRFP 20180201

Page 3 of 51

Final








Bidder/Respondent: Somerset Academy, Inc

Reference: Cory Oliver Fax #: 850-997-4773Email: coliver a(^somersetiefferson.orq Telephone #: 850-997-3555Person to contact: Cory Oliver


Describe the scope of work of the contract awarded by your firm to this Consultant.Grant Assistance, Development of RFQ for Jefferson County; ProfessionalDevelopment/Curriculum Support, Accounting/Accounts payable, Human Resources(Payroll), Benefits, Medical, Retirement, marketing, community relations assistance,Assistance with Federal Programs (National School Lunch Program), NationalAccreditation through SACCS AdvancEd, Facilities Design and Development, to includesolicitation of contractorsNendors, etc; and Legal services

What is the size of your school and describe your curriculum.

750 students in a K-12 District. College Prep curriculum, culinary technical program,

meets the FL State Reqs for grad.

Was the school complex completed on time and within budget?Yes


One

What problems were encountered (claims)? NA

How many change orders were requested by this consultant? NA


SRFP 20180201

Pa ge I of 51

Final



Professionalism 10

Qualifications 10

Budget Control 8

Final Product 10

Cooperation 10Reliability 8

SRFP 20180201

Pa ge 2 of 51

Final



Would you contract with this Consultant again? Yes [ X]

No [ ]

Maybe []Comments:

Thank you.

SRFP 20180201

Page 3 of 5I

Final








Bidder/Respondent: Somerset Academy

Reference: Somerset North Lauderdale Fax #:Email: dmcghee a(^somersetprep.com Telephone #: 786-853-9854Person to contact: Donyale McGhee

Reference Instructions: The above Bidder has given your name to the City of Port St. Lucie as a reference. Pleasecomplete the information below and fax within two (2) days to 772-871-7390 or email to Isevillian@cityofpsl,com.

Describe the scope of work of the contract awarded by your firm to this Consultant.Grant Assistance, Charter application assistance, ProfessionalDevelopment/Curriculum Support and development, Accounting/budget/financials,Human Resources (Payroll), Benefits, Medical, Retirement, Assistance with FederalPrograms (National School Lunch Program), vendor solicitation/negotiation assistance,group buying power assistance, National Accreditation, marketing/advertising, FacilitiesDevelopment/Construction, community relations, compliance assistance, and Legalservices

What is the size of your school and describe your curriculum. 1030 students, K-12,

college prep, sports medicine,

Was the school complex completed on time and within budget? yes


Yearly for 10 years

What problems were encountered (claims)? no

How many change orders were requested by this consultant? no


Professionalism 10 Qualifications 10

SRFP 20180201

Pa ge I of51

Final



Budget Control 10

Final Product 10

Cooperation 10Reliability 10

Would you contract with this Consultant again? Yes [X ]

No [ ]

Maybe [ ]Comments:

Thank you.

SRFP 20180201

Page 2 of 51

Final



SRFP 20180201

Pa ge ; of 51

Final









Reference: City of Hialeah Educational Academy Fax #:Email: calvarezcoheaedu.com Telephone #: 305-362-4006Person to contact: Carlos Alvarez


Describe the scope of work of the contract awarded by your firm to this Consultant.Grant Assistance, Professional Development/Curriculum Support, Accounting, HumanResources (Payroll), Benefits, Medical, Retirement, Assistance with Federal Programs(National School Lunch Program), National Accreditation, Facilities Development andLegal servicesWhat is the size of your school and describe your curriculum.

Our school has 920 students and services students in grades 6-12. We are an academy model/career pathway school whichemphasizes on aligning industry certifications exams to our pathway academies. The vision is to provide a high quality, rigorouscareer-oriented curriculum that will prepare students for successful progression into post-secondary education and productiveemployment within a multilingual work environment. We are committed to setting an environment that strives for academicachievement, develops character and maintains the goal of preparing students to serve and give back to their community in thefield of public service.

Was the school complex completed on time and within budget? Yes it was, all three phases.


5 audits per year

What problems were encountered (claims)? No

How many change orders were requested by this consultant? Under 5 for all three phases


Professionalism Qualifications10

Budget Control 10

SRFP 20180201

Pa ge I of 5 I

10

Final



I ProductF

10

Cooperationn

Reliabilitya

Would you contract with this Consultant again? Yes [ ]

No [ ]

Maybe [ ]Comments:

Thank you.

SRFP 20180201

Pa ge 2 of 51

Final



SRFP 20180201

Pa ge 3 of 51

Final



TRUTH-IN-NEGOTIATION CERTIFICATE AND AFFIDAVIT

STATE OF FLORIDA §COUNTY OF §

Before me, the undersigned authority, personally appeared affiant , Lourdes Isla who being first duly sworn, deposes and says:

1. That the undersigned firm is furnishing this Truth in Negotiation Certificate pursuant to Section287.055(5)(a) of the Florida Statutes for the undersigned firm to receive an agreement for professional services with the Cityof Port St. Lucie, St. Lucie County, Florida.

2. That the undersigned firm is a corporation which engages in furnishing Auditing Services and is enteringinto an agreement with the City of Port St. Lucie, St. Lucie County, Florida to provide professional services for a projectknown as #20180201 Vocational - Technical Career Academy.

3. That the undersigned firm has furnished the City of Port St. Lucie, St. Lucie County, Florida a detailedanalysis of the cost of the professional services required for the project.

4. That the wage rate information and other factual unit cost, which the undersigned firm furnished, wereaccurate, complete and current at the time the undersigned firm and the City of Port St. Lucie entered into the agreement forprofessional services on the project.

5. That the agreement which the undersigned firm and the City of Port St. Lucie entered into on this jobcontained a provision that the original agreement price and any additions thereto shall be adjusted to include any significantsums by which the City of Port St. Lucie determines the agreement price was increased due to inaccurate, incomplete ornon-current wage rates or other factual unit cost and that all such agreement adjustments shall be made within one (1) yearfollowing the end of the agreement.

FURTHER AFFIANT SAYETH NAUGHT


Name of Firm

Lourdes IslaBy:

President

The foregoing instrument was acknowledged before me by) Oi,J=(ft $13Iqwho is personally known to me.

WITNESS my hand and official seal in

ate of County last aforesaid this the day of

', 2018.

(SEAL)

d i S. A ..

a

a I,4 i

ADRIANA C LIMA ( ( 1f LIy'L4

Notary Public - State of Florida ►

Notary Name (typed or printed).•

+3

Commiselon +M FF 229533t ^, .ram

My Comm. Expires May 11, 2019

'woo

Bonded through National Notary Assn.

..

.errs

Title or Rank

SRFP 201'80201

Page 42 0'51

Final

Form W'r-9 Request for Taxpayer Give Form to the

requester. Do notsend to the IRS.

Identification Number and Certification► Go to www.irs.gov/FormW9 for instructions and the latest information.

(Rev. November 2017)Department of the TreasuryInternal Revenue Service

1 Name (as shown on your income tax return). Name is required on this line; do not leave this line dank

Somerset Academy, Inc.2 Business nacre/disregarded entity name, if different from above

aa

3 Check appropriate box for federal tax classification of the person whose name is entered on line 1. Check only one of the 4 Exemptions (codes apply only toentities, not individuals; see

on page 3):certaininstructions

following seven boxes.

Individual/sole

or

U

C Corporation

q S Corporation

• Partnership

• TrusUestateproprietoryv c

o. o

o.`a- o

Nn.

single-member LLC

►Doof the

l e-mem b

Exempt

Exemption

code

(Applies

payee

from

(if any)

to acccunrs

code (if any)

FATCA reporting

q

Limited liability company. Enter the tax classification (C=C corporation, S=S corporation, P=Partnership)

Note: Check the appropriate box in the line above for the tax classification of the single-member owner.LLC if the LLC is classified as a single-member LLC that is disregarded from the owner unless the owneranother LLC t h at i s not d isregar d e d f rom t h e owner for U . S . f e d era l t ax pur poses. Oth erw i se. a s i ngis disregarded from the owner should check the appropriate box for the tax classification of its owner

Other (see instructions) ►

Not-for-Profit

not checkLLC Is

er LLG t h

name

at

and

ma:nrained outs/de the US.)

5 Address (number. street, and apt. or suite no.) See instructions.

6340 Sunset Drive

Requester's address (optional)

G City, state, and ZIP code

Miami, FL 331437 List account number(s) here (optional)

Part I

Taxpayer Identification Number (TIN)Enter your TIN in the appropriate box. The TIN provided must match the name given on line 1 to avoid

[ Social security number

backup withholding. For individuals, this is generally your social security number (SSN). However, for aresident alien, sole proprietor, or disregarded entity, see the instructions for Part I, later For other -

r -entities, it is your employer identification number (EIN). If you do not have a number, see How to get aTIN, later.

Note: If the account is in more than one name, see the instructions for line 1. Also see What Name andNumber To Give the Requester for guidelines on whose number to enter.

5 6 9 4 2 8

CertificationUnder penalties of perjury, I certify that:

1. The number shown on this form is my correct taxpayer identification number (or I am waiting for a number to be issued to me); and2. I am not subject to backup withholding because: (a) I am exempt from backup withholding, or (b) I have not been notified by the Internal Revenue

Service (IRS) that I am subject to backup withholding as a result of a failure to report all interest or dividends, or (c) the IRS has notified me that I amno longer subject to backup withholding; and

3. I am a U.S. citizen or other U.S. person (defined below); and

4. The FATCA code(s) entered on this form (if any) indi e

orEmployer identification number

Certification instructions. You must cross out iyou have failed to report all interest and dividenacquisition or abandonment of secured propertother than interest and dividends, you are not r

SignHere

en notified by the IRS that you are currently subject to backup withholding becausereal estate transactions, item 2 does not apply. For mortgage interest paid,ntributions to an individual retirement arrangement (IRA), and generally, payments

cation, but you must provide your correct TIN. See the instructions for Part It, later.

General InstructionsSection references are to the internal Revenue Code unless otherwisenoted.

Future developments. For the latest information about developmentsrelated to Form W-9 and its instructions, such as legislation enactedafter they were published, go to www.irs.gov/FormW9.

Purpose of FormAn individual or entity (Form W-9 requester) who is required to file aninformation return with the IRS must obtain your correct taxpayeridentification number (TIN) which may be your social security number(SSN), individual taxpayer identification number (ITIN), adoptiontaxpayer identification number (ATIN), or employer identification number(EIN), to report on ar information return the amount paid to you, or otheramount reportable on an information return. Examples of informationreturns include, but are not limited to, the following.

• Form 1099-INT (interest earned or paid)

• Form 1099-DIV (dividends, including those from stocks or mutualfunds)

• Form 1099-MISC (various types of income, prizes, awards, or grossproceeds)

• Form 1099-B (stock or mutual fund sales and certain othertransactions by brokers)

• Form 1099-S (proceeds from real estate transactions)

• Form 1099-K (merchant card and third party network transactions)

• Form 1098 (home mortgage interest), 1098-E (student loan interest),1098-T (tuition)

• Form 1099-C (canceled debt)

• Form 1099-A (acquisition or abandonment of secured property)

Use Form W-9 only if you are a U.S. person (including a residentalien), to provide your correct TIN.

If you do not return Form W-9 to the requester with a TIN, you mightbe subject to backup withholding. See What is backup withholding,later.

Cat. No. 10231X

Form W-9 (Rev. 11-2017)

Form W-9 (Rev. 11-2017)

Page 2

By signing the filled-out form, you:

1. Certify that the TIN you are giving is correct (or you are waiting for anumber to be issued),

2. Certify that you are not subject to backup withholding, or

3 Claim exemption from backup withholding it you are a U.S. exemptpayee. If applicable, you are also certifying that as a U.S. person, yourallocable share of any partnership income from a U.S. trade or businessis not subject to the withholding tax on foreign partners' share ofeffectively connected income, and

4. Certify that FATCA code(s) entered on this form (if any) indicatingthat you are exempt from the FATCA reporting, is correct. See What isFATCA reporting, later, for further Information.

Note: If you are a U.S. person and a requester gives you a form otherthan Form W-9 to request your TIN, you must use the requester's form ifit is substantially similar to this Form W-9.

Definition of a U.S. person. For federal tax purposes, you areconsidered a U.S. person if you are:

• An individual who is a U.S. citizen or U.S. resident alien;

• A partnership, corporation, company, or association created ororganized in the United States or under the laws of the United States;

• An estate (other than a foreign estate); or

• A domestic trust (as defined in Regulations section 301.7701-7).

Special rules for partnerships. Partnerships that conduct a trade orbusiness in the United States are generally required to pay a withholdingtax under section 1446 on any foreign partners' share of effectivelyconnected taxable income from such business. Further, in certain caseswhere a Form W-9 has not been received, the rules under section 1446require a partnership to presume that a partner is a foreign person, andpay the section 1446 withholding tax. Therefore, if you are a U.S. personthat is a partner in a partnership conducting a trade or business in theUnited States, provide Form W-9 to the partnership to establish yourU.S. status and avoid section 1446 withholding on your share ofpartnership income.

In the cases below, the following person must give Form W-9 to thepartnership for purposes of establishing its U.S. status and avoidingwithholding on its allocable share of net income from the partnershipconducting a trade or business in the United States.

• In the case of a disregarded entity with a U.S. owner, the U.S. ownerof the disregarded entity and not the entity;

• In the case of a grantor trust with a U.S. grantor or other U.S. owner,generally, the U.S. grantor or other U.S. owner of the grantor trust andnot the trust; and

• In the case of a U.S. trust (other than a grantor trust), the U.S. trust(other than a grantor trust) and not the beneficiaries of the trust.

Foreign person. If you are a foreign person or the U.S. branch of aforeign bank that has elected to be treated as a US. person, do not useForm W-9. Instead, use the appropriate Form W-8 or Form 8233 (seePub. 515, Withholding of Tax on Nonresident Aliens and ForeignEntities).Nonresident alien who becomes a resident alien. Generally, only anonresident alien individual may use the terms of a tax treaty to reduceor eliminate U.S. tax on certain types of income. However, most taxtreaties contain a provision known as a "saving clause." Exceptionsspecified in the saving clause may permit an exemption from tax tocontinue for certain types of income even after the payee has otherwisebecome a U.S. resident alien for tax purposes.

It you are a U.S. resident alien who is relying on an exceptioncontained in the savil9 clause of a tax treaty to claim an exemptionfrom U.S. tax on certain type,. of income, you must attach a statementto Form W-9 that specifies the following five items.

1. The treaty country. Generally, this must be the same treaty underwhich you claimed exemption from tax as a nonresident alien

2. The treaty article addressing the income.

3. The article number (or location) in the tax treaty that contains thesaving clause and its exceptions.

4. The type and amount of income that qualifies for the exemptionfrom tax.

5. Sufficient facts to justify the exemption from tax under the terms ofthe treaty article.

Example. Article 20 of the U.S.-China income tax treaty allows anexemption from tax for scholarship income received by a Chinesestudent temporarily present in the United States. Under U.S. law, thisstudent will become a resident alien for tax purposes if his or her stay inthe United States exceeds 5 calendar years. However, para graph 2 ofthe first Protocol to the U.S.-China treaty (dated April 30, 1984) allowsthe provisions of Article 20 to continue to apply even after the Chinesestudent becomes a resident alien of the United States A Chinesestudent who qualifies for this exception (under paragraph 2 of the firstprotocol) and ks relying on this exception to claim an exemption from taxon his or her scholarship or fellowship income would attach to FormW-9 a statement that includes the information described above tosupport that exemption.

If you are a nonresident alien or a foreign entity, give the requester theappropriate completed Form W-8 or Form 8233.

Backup WithholdingWhat is backup withholding? Persons making certain payments to youmust under certain conditions withhold and pay to the IRS 28% of suchpayments. This is called "backup withholding." Payments that may besubject to backup withholding include interest, tax-exempt interest,dividends, broker and barter exchange transactions, rents, royalties,nonemployee pay, payments made in settlement of payment card andthird party network transactions, and certain payments from fishing boatoperators. Real estate transactions are not subject to backupwithholding.

You will not be subject to backup withholding on payments youreceive if you give the requester your correct TIN, make the propercertifications, and report all your taxable interest and dividends on yourtax return.

Payments you receive will be subject to backup withholding if:

1. You do not furnish your TIN to the requester,

2. You do not certify your TIN when required (see the instructions forPart II for details),

3. The IRS tells the requester that you furnished an incorrect TIN,

4. The IRS tells you that you are subject to backup withholdingbecause you did not report all your interest and dividends on your taxreturn (for reportable interest and dividends only), or

5. You do not certify to the requester that you are not subject tobackup withholding under 4 above (for reportable interest and dividendaccounts opened after 1983 only).

Certain payees and payments are exempt from backup withholding.See Exempt payee code, later, and the separate Instructions for theRequester of Form W-9 for more information.

Also see Special rules for partnerships, earlier.

What is FATCA Reporting?The Foreign Account Tax Compliance Act (FATCA) requires aparticipating foreign financial institution to report all United Statesaccount holders that are specified United States persons. Certainpayees are exempt from FATCA reporting. See Exemption from FATCAreporting code, later, and the Instructions for the Requester of FormW-9 for more information.

Updating Your InformationYou must provide updated information to any person to whom youclaimed to be an exempt payee if you are no longer an exempt payeeand anticipate receiving reportable payments in the future from thisperson. For example, you may need to provide updated information ifyou are a C corporation that elects to be an S corporation, or if you nolonger are tax exempt. In addition, you must furnish a new Form W-9 ifthe name or TIN changes for the account; for example, if the grantor of agrantor trust dies.

PenaltiesFailure to furnish TIN. If you fail to furnish your correct TIN to arequester, you are subject to a penalty of $50 for each such failureunless your failure is due to reasonable cause and not to willful neglect.

Civil penalty for false information with respect to withholding. If youmake a false statement with no reasonable basis that results in nobackup withholding, you are subject to a $500 penalty.

Form W-9 (Rev. 11-2017)

Page 3

Criminal penalty for falsifying information. Willfully falsifyingcertifications or affirmations may subject you to criminal penaltiesincluding fines and/or imprisonment.

Misuse of TINs. If the requester discloses or uses TINs in violation offederal law, the requester may be subject to civil and criminal penalties.

Specific InstructionsLine 1You must enter one of the following on this line; do not leave this lineblank. The name should match the name on your tax return.

If this Form W-9 is for a joint account (other than an accountmaintained by a foreign financial institution (FFI)), list first, and thencircle, the name of the person or entity whose number you entered inPart I of Form W-9. If you are providing Form W-9 to an FFI to documenta joint account, each holder of the account that is a U.S. person mustprovide a Form W-9.

a. Individual. Generally, enter the name shown on your tax return. Ifyou have changed your last name without informing the Social SecurityAdministration (SSA) of the name change, enter your first name, the lastname as shown on your social security card, and your new last name.

Note: ITIN applicant: Enter your individual name as it was entered onyour Form W-7 application, line 1 a. This should also be the same as thename you entered on the Form 1040/1040A/104OEZ you tiled with yourapplication.

b. Sole proprietor or single-member LLC. Enter your individualname as shown on your 1040/1040V1040EZ on line 1. You may enteryour business, trade, or "doing business as" (DBA) name on line 2.

c. Partnership, LLC that is not a single-member LLC, Ccorporation, or S corporation. Enter the entity's name as shown on theentity's tax return on line 1 and any business, trade, cr DBA name online 2.

d. Other entities. Enter your name as shown on required U.S. federaltax documents on line 1. This name should match the name shown on thecharter or other legal document creating the entity. You may enter anybusiness, trade, or DBA name on line 2.

e. Disregarded entity. For U.S. federal tax purposes, an entity that isdisregarded as an entity separate from its owner is treated as a"disregarded entity." See Regulations section 301.7701-2(c)(2)(iii). Enterthe owner's name on line I, The name of the entity entered on line 1should never be a disregarded entity. The name on line 1 should be thename shown on the income tax return on which the income should bereported. For example, if a foreign LLC that is treated as a disregardedentity for U.S. federal tee purposes has a single owner that is a U.S.person, the U.S. owner's name is required to be provided on line 1 Ifthe direct owner of the entity is also a disregarded entity, enter the firstowner that is not disregarded for federal tax purposes. Enter thedisregarded entity's name on line 2, "Business name/disregarded entityname." If the owner of the disregarded entity is a foreign person, theowner must complete an appropriate Form W-8 instead of a Form W-9.This is the case even if the foreign person has a U.S. TIN.

Line 2If you have a business name, trade name, DBA name, or disregardedentity name, you may enter it on line 2.

Line 3Check the appropriate box on line 3 for the U.S. federal taxclassification of the person whose name is entered on line 1. Check onlyone box on line 3.

IF the entity/person on line 1 isa(n)

. .THEN check the box for ..

• Corporation Corporation

•

Individual

s Sole proprietorship, orIndividual/sole proprietor or single-member LLC

• Single-member limited liabilitycompany (LLC) owned by anindividual and disregarded for U.S.federal tax purposes.

• LLC treated as a partnership forU.S. federal tax purposes,

LLC•

that has filed Form 8832 or2553 to be taxed as a corporation,or

•

that is disregarded as anLLCentity separate from its owner butthe owner is another LLC that isnot disregarded for U.S. federal taxpurposes.

Limited liability company and enterthe appropriate tax classification.(P= Partnership; C. C corporation;or S= S corporation)

• Partnership Partnership

• Trust/estate Trust/estate

Line 4, ExemptionsIf you are exempt from backup withholding and/or FATCA reporting,enter in the appropriate space on line 4 any code(s) that may apply toyou.

Exempt payee code.

• Generally, individuals (including sole proprietors) are not exempt frombackup withholding.

• Except as provided below, corporations are exempt from backupwithholding for certain payments, including interest and dividends.

• Corporations are not exempt from backup withholding for paymentsmade in settlement of payment card or third party network transactions.

• Corporations are not exempt from backup withholding with respect toattorneys' fees or gross proceeds paid to attorneys, and corporationsthat provide medical or health care services are not exempt with respectto payments reportable on Form 1099-MISC.

The following codes identify payees that are exempt from backupwithholding, Enter the appropriate code in the space in line 4.

1-An organization exempt from tax under section 501(a), any IRA, ora custodial account under section 403(b)(7) if the account satisfies therequirements of section 401(0(2)

2-The United States or any of its agencies or instrumentalities

3-A state, the District of Columbia, a U.S. commonwealth orpossession, or any of their political subdivisions or instrumentalities

4-A foreign government or any of its political subdivisions, agencies,or instrumentalities

5-A corporation

6-A dealer in securities or commodities required to register in theUnited States, the District of Columbia, or a U.S. commonwealth orpossession

7-A futures commission merchant registered with the CommodityFutures Trading Commission

8-A real estate investment trust

9-An entity registered at all times during the tax year under theInvestment Company Act of 1940

10-A common trust fund operated by a bank under section 584(a)

11 -A financial institution

12-A middleman known in the investment community as a nominee orcustodian

13-A trust exempt from tax under section 664 or described in section4947

Form W-9 (Rev. 11-2017)

Page 4

The following chart shows types of payments that may be exemptfrom backup withholding. The chart applies to the exempt payees listedabove, 1 through 13.

IF the payment is for ... THEN the payment is exemptfor...

Interest and dividend payments All exempt payees exceptfor 7

Broker transactions Exempt payees 1 through 4 and 6through 11 and all C corporations.S corporations must not enter anexempt payee code because theyare exempt only for sales ofnoncovered securities acquiredprior to 2012.

Barter exchange transactions andpatronage dividends

Exempt payees 1 through 4

Payments over $600 required to bereported and direct sales over

$5,000 '

Generally, exempt payees1 through 5z

Payments made in settlement ofpayment card or third party networktransactions

Exempt payees 1 through 4

See Form 1099-MISC, Miscellaneous Income, and its instructions.

2 However, the following payments made to a corporation andreportable on Form 1099-MISC are not exempt from backupwithholding: medical and health care payments, attorneys' fees, grossproceeds paid to an attorney reportable under section 6045(0, andpayments for services paid by a federal executive agency.

Exemption from FATCA reporting code. The following codes identifypayees that are exempt from reporting under FATCA. These codesapply to persons submitting this form for accounts maintained outsideof the United States by certain foreign financial institutions, Therefore, ifyou are only submitting this form for an account you hold in the UnitedStates, you may leave this field blank. Consult with the personrequesting this form if you are uncertain if the financial institution issubject to these requirements. A requester may indicate that a code isnot required by pray ding you with a Form W-9 with "Not Applicable" (orany similar indication) written or printed on the line for a FATCAexemption code.

A-An organization exempt from tax under section 501(a) or anyindividual retirement plan as defined in section 7701(a)(37)

B-The United States or any of its agencies or instrumentalities

C-A state, the District of Columbia, a U.S. commonwealth orpossession, or any of their political subdivisions or instrumentalities

D-A corporation the stock of which is regularly traded on one ormore established securities markets, as described in Regulationssection 1.1472-1(c)(1)(i)

E-A corporation that is a member of the same expanded affiliatedgroup as a corporation described in Regulations section 1.1172-1(c)(1)(i)

F-A dealer in securities, commodities, or derivative financialinstruments (including notional principal contracts, futures, forwards,and options) that is registered as such under the laws of the UnitedStates or any state

G-A real estate investment trust

H-A regulated investment company as defined in section 851 or anentity registered at all times during the tax year under the InvestmentCompany Act of 1940

I-A common trust fund as defined in section 584(a)

J-A bank as defined in section 581

K-A broker

L-A trust exempt from tax under section 664 or described in section4947(a)(1)

M-A tax exempt trust under a section 403(b) plan or section 457(g)plan

Note: You may wish to consult with the financial institution requestingthis form to determine whether the FATCA code and/or exempt payeecode should be completed.

Line 5Enter your address (number, street, and apartment or suite number).This is where the requester of this Form W-9 will mail your informationreturns. If this address differs from the one the requester already has onfile, write NEW at the top. If a new address is provided, there is still achance the old address will be used until the payer changes youraddress in their records.

Line 6Enter your city, state, and ZIP code.

Part I. Taxpayer Identification Number (TIN)Enter your TIN in the appropriate box. If you are a resident alien andyou do not have and are not eligible to get an SSN, your TIN is your IRSindividual taxpayer identification number (ITIN). Enter it in the socialsecurity number box. If you do not have an ITIN, see How to get a TINbelow.

If you are a sole proprietor and you have an EIN, you may enter eitheryour SSN or EIN.

If you are a single-member LLC that is disregarded as an entityseparate from its owner, enter the owner's SSN (or EIN, if the owner hasone). Do not enter the disregarded entity's EIN. If the LLC is classified asa corporation or partnership, enter the entity's EIN.

Note: See What Name and Number To Give the Requester, later, forfurther clarification of name and TIN combinations.

How to get a TIN. If you do not have a TIN, apply for one immediately.To apply for an SSN, get Form SS-5, Application for a Social SecurityCard, from your local SSA office or get this form online atwww.SSA.gov . You may also get this form by calling 1-800-772-1213.Use Form W-7, Application for IRS Individual Taxpayer IdentificationNumber, to apply for an ITIN, or Form SS-4, Application for EmployerIdentification Number, to apply for an EIN. You can apply for an EINonline by accessing the IRS website at www.irs.gov/Businesses andclicking on Employer Identification Number (EIN) under Starting aBusiness. Go to www.irs.gov/Forms to view, download, or print FormW-7 and/or Form SS-4. Or, you can go to www.irs.gov/OrderForms toplace an order and have Form W-7 and/or SS-4 mailed to you within 10business days.

If you are asked to complete Form W-9 but do not have a TIN, applyfor a TIN and write "Applied For" in the space for the TIN, sign and datethe form, and give it to the requester. For interest and dividendpayments, and certain payments made with respect to readily tradableinstruments, generally you will have 60 days to get a TIN and give it tothe requester before you are subject to backup withholding onpayments. The 60-day rule does not apply to other types of payments.You will be subject to backup withholding on all such payments untilyou provide your TIN to the requester.

Note: Entering "Applied For" means that you have already applied for aTIN or that you intend to apply for one soon.

Caution: A disregarded U.S. entity that has a foreign owner must usethe appropriate Form W-8.

Part II. CertificationTo establish to the withholding agent that you are a U.S. person, orresident alien, sign Form W-9. You may be requested to sign by thewithholding agent even if item 1, 4, or 5 below indicates otherwise.

For a joint account, only the person whose TIN is shown in Part Ishould sign (when required). In the case of a disregarded entity, theperson identified on line 1 must sign. Exempt payees, see Exempt payeecode, earlier.

Signature requirements. Complete the certification as indicated initems 1 through 5 below.

Form W-9 (Rev. 11-2017)

Page 5

1. Interest, dividend, and barter exchange accounts openedbefore 1984 and broker accounts considered active during 1983.You must give your correct TIN, but you do not have to sign thecertification.

2. interest, dividend, broker, and barter exchange accountsopened after 1983 and broker accounts considered inactive during1983. You must sign the certification or backup withholding will apply. Ifyou are subject to backup withholding and you are merely providingyour correct TIN to the requester, you must cross out item 2 in thecertification before signing the form.

3. Real estate transactions. You must sign the certification. You maycross out item 2 of the certification.

4. Other payments. You must give your correct TIN, but you do nothave to sign the certification unless you have been notified that youhave previously given an incorrect TIN. "Other payments" includepayments made in the course of the requester's trade or business forrents, royalties, goods (other than bills for merchandise), medical andhealth care services (including payments to corporations). payments toa nonemployee for services, payments made in settlement of paymentcard and third party network transactions, payments to certain fishingboat crew members and fishermen, and gross proceeds paid toattorneys (including payments to corporations).

5. Mortgage interest paid by you, acquisition or abandonment ofsecured property. cancellation of debt, qualified tuition programpayments (under section 529), ABLE accounts (under section 529A),IRA, Coverdell ESA, Archer MSA or HSA contributions ordistributions, and pension distributions. You must give your correctTIN, but you do not have to sign the certification.

What Name and Number To Give the RequesterGive name and SSN of:

The individual

The actual owner of the account or, ifcombined funds, the first individual onthe account '

Each holder of the account

4. Custodial account of a minor(Uniform Gift to Minors Act)

5. a. The usual revocable savings trust(grantor is also trustee)b. So-called trust account that is nota legal or valid trust under state law

6. Sole proprietorship or disregardedentity owned by an individual

7. Grantor trust filing under OptionalForm 1099 Filing Method I (seeRegulations section 1.671-4(b)(2)(i)(A))

For this type of account:

Give name and EIN of:8. Disregarded entity not owned by an

individual

9. A valid trust, estate, or pension trust

10. Corporation or LLC electingcorporate status on Form 8832 orForm 2553

11.Association, club, religious,charitable, educational, or other tax-exempt organization


Give name and EIN of:14.Account with the Department of

The public entityAgriculture in the name of a publicentity (such as a state or localgovernment, school aistrict, orprison) that receives agriculturalprogram payments

15.Grantor trust filing under the Form

The trust1041 Filing Method or the OptionalForm 1099 Filing Method 2 (seeRegulations section 1.671-4(b)(2)(i)(B))

' List first and circle the name of the person whose number you furnish.If only one person on a joint account has an SSN, that person's numbermust be furnished.2 Circle the minor's name and furnish the minor's SSN.

s You must show your individual name and you may also enter yourbusiness or DBA name on the "Business name/disregarded entity"name line. You may use either your SSN or EIN (if you have one), but theIRS encourages you to use your SSN.

List first and circle the name of the trust, estate, or pension trust, (Donot furnish the TIN of the personal representative or trustee unless thelegal entity itself is not designated in the account title.) Also see Specialrules for partnerships, earlier.

*Note: The grantor also must provide a Form W-9 to trustee of trust.

Note: If no name is circled when more than one name is listed, thenumber will be considered to be that of the first name listed.

Secure Your Tax Records From Identity TheftIdentity theft occurs when someone uses your personal informationsuch as your name, SSN, or other identifying information, without yourpermission, to commit fraud or other crimes. An identity thief may useyour SSN to get a job or may file a tax return using your SSN to receivea refund.

To reduce your risk:

• Protect your SSN,

• Ensure your employer is protecting your SSN, and

• Be careful when choosing a tax preparer.

If your tax records are affected by identity theft and you receive anotice from the IRS, respond right away to the name and phone numberprinted on the IRS notice or letter.

If your tax records are not currently affected by identity theft but youthink you are at risk due to a lost or stolen purse or wallet, questionablecredit card activity or credit report, contact the IRS Identity Theft Hotlineat 1-800-908-4490 or submit Form 14039.

For more information, see Pub. 5027, Identity Theft Information forTaxpayers.

Victims of identity theft who are experiencing economic harm or asystemic problem, or are seeking help in resolving tax problems thathave not been resolved through normal channels, may be eligible forTaxpayer Advocate Service (TAS) assistance. You can reach TAS bycalling the TAS toll-free case intake line at 1-877-777-4778 or TTY/TDD1-800-829-4059.Protect yourself from suspicious emails or phishing schemes.Phishing is the creation and use of email and websites designed tomimic legitimate business emails and websites. The most common actis sending an email to a user falsely claiming to be an establishedlegitimate enterprise in an attempt to scam the user into surrenderingprivate information that will be used for identity theft.


1. Individual

2.Two or more individuals (jointaccount) other than an accountmaintained by an FFI

3. Two or more U.S. persons(joint account maintained by an FFI)

The minor

The grantor-trustee '

The actual owner '

The owner'

The grantor'

The owner

Legal entity"

The corporation

The organization

12. Partnersnip or multi-member LLC13.A broker or registered nominee

The partnershipThe broker or nominee

Form W-9 (Rev. 11-2017)

Page 6

The IRS does not initiate contacts with taxpayers via emails. Also, theIRS does not request personal detailed information through email or asktaxpayers tar the PIN numbers, passwords, or similar secret accessinformation for their credit card, bank, or other financial accounts.

If you receive an unsolicited email claiming to be from the IRS,forward this message to phrshinOirs.gov. You may also report misuseof the IRS name, logo, or other IRS property to the Treasury InspectorGeneral for Tax Administration (TIGTA) at 1-800-366-4484. You canforward suspicious emails to the Federal Trade Commission [email protected] or report them at www.ftc.gov/comptaini . You cancontact the FTC at www.ftc.gov/idtheft or 877-IDTHEF1 (877-438-4338).If you have been the victim of identity theft, see www.ldentityTheft.govand Pub. 5027.

Visit www.irs.gov/IdentityTheft to learn more about identity theft andhow to reduce your risk.

Privacy Act NoticeSection 6109 of the Internal Revenue Code requires you to provide yourcorrect TIN to persons (including federal agencies) who are required tofile information returns with the IRS to report interest, dividends, orcertain other income paid to you; mortgage interest you paid; theacquisition or abandonment of secured property; the cancellation ofdebt; or contributions you made to an IRA, Archer MSA, or HSA. Theperson collecting this form uses the information on the form to fileinformation returns with the IRS, reporting the above information.Routine uses of this information include giving it to the Department ofJustice for civil and criminal litigation and to cities, states, the District ofColumbia, and U.S. commonwealths and possessions for use inadministering their laws. The information also may be disclosed to othercountries under a treaty, to federal and state agencies to enforce civiland criminal laws, or to federal law enforcement and intelligenceagencies to combat terrorism. You must provide your TIN whether ornot you are required to file a tax return. Under section 3406, payersmust generally withhold a percentage of taxable interest, dividend, andcertain other payments to a payee who does not give a TIN to the payerCertain penalties may also apply for providing false or fraudulentinformation.



CITY OF PORT ST. LUCIE, FLORIDASRFQ-Bid #20180201


STATE OF FLORIDA

E-VERIFY

375-040-68PROCUREMENT

0611

Contract No: RFQ-20180201-0-2018/Ids

Financial Project No(s): NA

Project Description: Technical Career Academy

Vendor/Consultant acknowledges and agrees to the following:

Vendor/Consultant:

1.Shall utilize the U.S. Department of Homeland Security's E-Verify system toverify the employment eligibility of all new employees hired by theVendor/Consultant during the term of the contract; and

2. Shall expressly require any subcontractors performing work or providingservices pursuant to the state contract to likewise utilize the U.S.Department of Homeland Security's E-Verify system to verify theemployment eligibility of all new employees hired by the subcontractorduring the contract term.

Company/Firm: Somerset Academy, Inc.

SRFP 20180201

Page -19 of 51

Final



CERTIFICATION:

This SRFQ-Bid is submitted by: Name (print) Lourdes Isla who is an officer of theabove firm duly authorized to sign proposals and enter into contracts. I certify that this SRFQ-Bid #20180201 is madewithout prior understanding, agreement, or connection with any corporation, firm, or person submitting a proposal for thesame materials, supplies, or equipment, and is in all respects fair and without collusion or fraud.

The proposer understands that information contained in this Bid Reply will be relied upon by City in awarding the proposedContract and such information is warranted by the proposer to be true. The undersigned proposer agrees to furnish suchadditional information, prior to acceptance of any proposal relating to the qualifications of the proposer, as may be requiredby the City.

I certify that the information and responses provided on this Bid Reply are true, accurate and complete. The City maycontact any entity or reference listed in this Bid Reply. Each entity or reference may make any information concerning theConsultant available to the City.

I agree to abide by all conditions of this SRFP-Bid.:

SignatureBoard Chair

Title

If a corporation renders this SRFP-Bid, the corporate seal attested by the secretary shall be affixed below. Any agentsigning this SRFP-Bid shall attach to this form evidence of legal authority.

Witnesses:

r<cVs'A1( r oc(.Print na e

Signature

Print Name

If Partnership:

Print Name of Firm

By:(General Partner)CNN1

Pn9}t-came^/ --0 AX

If Individual:

If Corporation:Somerset Academy, Inc.

pt Name of Corporation

By:

Attest:

SRFP 20180201

Page 47 MI5 I

Final



Request for Qualifications for Vocational-Technical Career AcademyRFQ-20180201-0-2018/Ids

Somerset Academy, Inc

C/O Erika Rains725 NW California Blvd.

Port Saint Lucie, FL 34986

20803 Johnson St.Pembroke Pines, FL 33029

772-343-7028 Off.561-951-5967 Cell

Date of Submission: October 4, 2018



Table of Contents

Cover Page 1Table of Contents 2Firm Address & Contact Info 3Executive Summary

•

Entity Experience/Capabilities•

Project Experience•

Mission

4

Local Understanding/Response/Approach 9Disclosures:

•

Joint Ventures Disclosure•

Assigned Personnel•

Critical Issues/Resource Commitment•

Conflicting Contracts Disclosure•

Work Plan•

Current Contracts

11

Prior Litigation 15Management Plan

•

Leadership•

ESP•

Project Oversight/Coordination

17

Educational Plan•

Mission/Vision/Purpose•

Target Population/Enrollment•

Educational Program Design•

Curriculum/Assessment•

Career Program Structure•

School Culture•

Supplemental Programs

19

Organizational Plan•

Governance/Legal Structure•

Management•

Staffing/Recruiting/Employment Strategies•

PD•

Community/Parental Involvement

43

Business Plan•

Facility/Parking/Site Development•

Transportation•

Food Service•

Safety/Security

58

2

Vocational City of Port St. Lucie, Florida- Technical Career Academy

• Budget/Financeo

Management & Oversightn

See Organizational Plan (Governance)n

See Management Plan (Oversight)

•

Start-up Timeline

•

Budget/Staffing Plan•

Financial Competence, etc.o

Audits (2016-2017) Financial Disclosureo

Disclosure of Litigation (See Prior Litigation)o

Evidence of Insurability/Bondingo

Joint Venture: NA (See Disclosures)Response/Approach

•

Timeline/Bar Graph Schedule•

Assigned Personnel

•

Critical Issues/Resource Commitment

199

Qualifications/Experience/Capabilities/Resources

•

See Executive Summaryo

See Project Experience

•

See Current Contractso

Established Years

•

Cost Control/Budgetary Constraintso

See Business Plan (Budget/Finance & Audits)o

See Organizational Plan (Governance)o

See Management Plan (Oversight)Proposed Schedule

•

See Business Plan (Start-up Timeline)•

See Response/Approach (Timeline Bar Graph Schedule)Presentation of Development

•

See Business Plan (Site Development)

•

See Educational Plan (Curriculum)

•

See Executive Summary/Project Experience (SOP)

3



EXECUTIVE SUMMARY

Somerset Academy. Inc. is responding. through this REQ, to the solicitation of the City for anentity to establish a vocational-technical career academy for grades 6-12 in Port St.Lucie: Somerset Career Academy Port St. Lucie (SCAPSL). Somerset Career Academy PortSt. Lucie will help to fulfill the needs of the community and business developers by addressingthe skills gaps currently presenting deficiencies in the local workforce. As identified by the St.Lucie County EDC Skills Gap Study (http://vouredc.com ). businesses within the area have haddifficulty recruiting qualified applicants. Furthermore, according to the Study, the applicants thatdo apply tend to have a lack of experience and/or a lack of technical skills and competencies.Therefore. Somerset Career Academy Port St. Lucie will be a beacon of light for the City thatwill address the economic needs of the community by providing a skilled and competent workforce, that have not only been exposed to the different industries, but also have practical, work-ready skills in the industries noted in the EDC Skills Gap Study.

The applicant group, Somerset Academy, Inc., is a non-profit charter school managementorganization (CMO) with two decades of experience and a proven track record of operating.expanding and replicating high quality charter schools. The Somerset Network operates over 55charter schools serving more than 25.000 students in grades K-12 throughout the state of Florida,in addition to schools in DC. Vegas. Texas and internationally.

All Somerset programs implement the "neighborhood" school paradigm in their managementstructure to consistently maintain the feeling of a small school environment. The "neighborhoodschool" philosophy is a common philosophy of student expectations, a unique code ofexcellence, an expectation of parental commitment, and a collaborative managementinfrastructure derived from the inception of its first school, Somerset Neighborhood. Varyingfrom I50 to 2.200 students, all Somerset programs have implemented the "neighborhood" schoolparadigm where students receive the support they need to excel. parents feel welcomed and apart of the educational process for their children, faculty and staff are committed to providedifferentiated instruction to ensure positive student performance and achievement results andwhere everyone is accountable for results.

Moreover, faculty and staff will have access to a central educational leadership developmentprogram for aspiring administrators; new teachers and leaders will create valuable mentorshiprelationships through New Teacher Academy. Administrators will have access to monthly chatsfor principals and curriculum specialists to share best practices. and facilitate an annualconference to build a crosscutting sense of community.

On March 22" i . 2017 the Jefferson County. Florida School Board voted to turn over their K-12District to the Somerset Academy Charter School Network. This historic vote is a first in Florida.and possibly the nation. State Board of Education Commissioner, Pam Stewart, expressedsupport for this transition that Somerset Academy is proud to be a part of: "Jefferson childrenand their right to learn was the driving force behind this decision to work with a charterorganization. "

4



Furthermore, Somerset Academy, Inc. was the first charter school network in the United Statesto earn Corporate Accreditation through SACS-CAST. This distinction recognizes the myriad ofprograms Somerset offers to ensure a constant vision and purpose across all campuses. As partof the Somerset accredited system, Somerset Career Academy Port St Lucie will open asan AdvancED fully accredited program from inception, and will uphold the SomersetAcademy vision of providing equitable, high-quality education for all students.

Relevant Project ExperienceBelow are a few of the projects relevant to this particular proposal. More examples. (spanningapproximately 20 years) photos and descriptions are available upon request or by accessing:hap: civicagroup.coin: and clicking on `'Portfolio" and then "Educational."

CIVICASomerset College Preparatory AcademyPort St Lucre, FL

Client Contact: Somerset College Preparatory Academy - Erika Rains, Principalrains.erika'a'somersetcollegepreb.org

Total project cost: $11.6 MillionRole in Project: Full Architectural and Engineering Services / Construction AdministrationCompletion Date: Phase I & 2, August 2018

The Somerset College Preparatory Academy project in Port St Lucie is a multi-phased charter school facilityon a 10-acre campus. At full build-out, the facilities will total over 100,000 SF and will include several academicbuildings. a gymnasium, outdoor play areas and courts, and all the ancillary uses associated with SomersetCollege Prep's middle/high school academic programs. Mr. Julio Guillen was the Project Manager and Mr.Rolando Llanes was the Principal-In-Charge / Design Architect and the Architect of Record.

CIVICASomerset Academy Canyons Charter School & GymnasiumBoynton Beach, FL

Client Contact: Somerset Academy Inc./George Groezinger - Principal1ro^rin_ec tsomersetcam ons.com

Total project cost: $18 MillionRole in Project: Full Architectural and Engineering Services / Construction AdministrationCompletion Date: Phase I - d, August 2017

Somerset Academy Canyons is a 14-acre Charter School campus with over 100,000 SF of facilities. Thecampus includes several academic buildings, a gymnasium, a regulation size football field and all the ancillaryuses associated with Somerset's middle/high school program. The campus opened in 2013 and was developedin several phases. Mr. Guillen was the Project Manager and Mr. Llanes was the Principal-In-Charge / DesignArchitect and the Architect of Record.

5



CIVICASLAM II Sports Leadership and Management Charter SchoolFacility & GymnasiumMiami, FL

Client Contact: Miami School Group LLC. Rene Ruiz / President-SLAM Foundationrruiz`u_sslam foundation.org

Total project cost: $16 MillionRole in Contract: Full Architectural and Engineering Services/Construction AdministrationCompletion Date: August 2017

SLAM II is a tuition free public charter school located near the Miami Marlins Ballpark, in the historicLittle Havana neighborhood of Miami-Dade County. SLAM II is a $16 Million. 145,000 SF, multi-level. middle/high school which includes a pedestrian bridge. on the 7th floor that connects to theoriginal SLAM Academy located across the street. With an emphasis geared towards students whowant to attend college and major in sports-related fields, the school's programs include classrooms,science and art labs, a cafeteria and a 20,000 SF gymnasium located on the 7th floor. Mr. Guillen wasthe Project Manager and Mr. Llanes was the Principal-In-Charge / Design Architect and the Architectof Record.

CIVICACity of Hialeah Educational Academy / Emergency Response,Health and Law Enforcement Careers Charter SchoolHialeah, FL

Client Contact: City of Hialeah Educational Academy / Carlos Alverez, Principal / (305) 362 -4006

calvarez 7coheaedu.comTotal project cost: $3 MillionProject Size: 23,000 SFRole in Contract: Full Architectural and Engineering Services/Construction AdministrationCompletion Date: 2009

A three-phase. $8 Million. 45.000 S.F., two story educational facility located on the NW corner ofSlade Park Grounds. The school's curriculum is centered on fire. police and first responders careerpaths. The facility is designed to provide instructional spaces for each career path. as well as generaland more specialized classrooms. The facility includes faculty and administrative offices, a fullkitchen. cafeteria, exterior recreation areas with covered canopies, classrooms, science and computerlabs, a weight training room and a law classroom. The Principal-In-Charge was Mr. Llanes and theProject manager was Ivan Fajardo. The school opened in 2008 and was recognized by AmericanSchool & University in the Outstanding Design category of the magazine's 2009 design awards.

6



CIVICADoral Academy High Charter School / Classroom Annex /GymnasiumDonal, FL

Client Contact: Doral Academy, Inc. / Ms. Angela Ramos, angelaramos23'/7cmail.comTotal project cost: $3.9 Million (classroom annex): $2.4 Million (gymnasium)Role in Contract: Full Architectural and Engineering Services / Construction AdministrationProject Square Footage: 33,000 SF (classroom annex); 17.000 SF (gymnasium)Completion Date: 2014

The Doral Academy project is a multi-phased campus that includes the conversion of ahealthcare facility into a two-story, 55.000 SF charter middle/high school. and the addition of a33.000 SF classroom annex and a 17,000 SF gymnasium. The main facilities include classrooms,media labs, art & science labs, cafeteria, food service areas, and a regulation-size football/soccer,baseball and basketball facilities. The gymnasium includes a regulation-size, indoor play court,locker rooms, weight room, and music lab. The school opened in 2003 and campus developmentcontinues to the present day. Mr. Llanes is the Principal-in-Charge and the Architect of Recordand Mr. Julio Guillen is the Project Manager.

CIVICARiviera Preparatory Academy Campus, Gymnasium, Pool, &Tennis ComplexMiami-Dade County, FL

Client Contact: Coris Education Managers. LLC / Mr. Jorge Ortega.jorL, eortegaitriyieraschools.comTotal project cost: Phase 1 & 2 $16.4 Million; Tennis Complex TBDProject Square Footage: 108,000 SFCIVICA Role: Full Architectural and Engineering Services / Construction AdministrationActual Completion Date: Phase 1 & 2 - Campus, Gym, pool August 2015; Tennis Complex inprogress

Riviera Preparatory Academy is a 2-phase. 108.000 S.F.. 2-story middle/high school facility withclassrooms, science and art labs. a gym. locker rooms. pool. library. full kitchen. auditorium with afully equipped stage, and administration areas. The classrooms are organized around a series ofcourtyards that ensure natural lighting and result in distinct educational pods. The covered loggiadefines the interior courtyard and provides a continuous connection between all program elements.The project includes an indoor gymnasium. 25 meter competition pool. a regulation size football,soccer, lacrosse field. and a 9-court tennis complex. The building's architectural character is derivativeof Florida Vernacular architecture. The 2-story buildings project a scale appropriate for the educationalfacility, yet remains consistent with the site's residential surroundings. Mr. Julio Guillen was theProject Manager and Mr. Rolando Llanes was the Principal-In-Charge / Design Architect and theArchitect of Record.

7



MissionThe mission of Somerset Career Academy Port St. Lucie is to maximize student achievementand foster the development of responsible. self-directed life-long learners in a safe and enrichinglearning environment; correlating with the vision to provide an equitable, high quality educationfor all students. As with all our Somerset schools, Somerset Career Academy Port St. Lucie isdedicated to providing a well-rounded, academic curriculum in a 'family-like' environment thatis rigorous, creatively stimulating. and nurturing. Somerset Career Academy Port St. Lucie will1) provide opportunities for active involvement of students, families, and communities;2) provide students experiential learning and training opportunities with local communitypartners that will result in a streamlined school-to-workforce solution; 3) enhance classroomstudies with technology and robust extra-curricular programs; 4) provide a nurturing 'family-likeenvironment to foster successful life-long learning.

Educational Design: Currently, Somerset Academy Inc. operates more than 55 charter schoolsin Florida, 25 of which were designated High Performing Charter Schools by the FL-DOE,having met all criteria specified in F.S. 1002.331. In order to continue to achieve academicexcellence as part of the Somerset network. Somerset Career Academy Port St. Lucie willprovide a program that delivers a well-round curriculum aligned to the Florida Standards. Tofurther the mission, the school will prepare all students to achieve proficiency on stateassessments, strengthen the school-home connection and meet the individual needs of the studentpopulation. The School will also feature technology-rich classrooms and laboratories, be staffedwith certified master teachers qualified in their field; thus, providing an enriching learningenvironment where children can flourish as individuals while acquiring knowledge and the skillsessential to their future development. Furthermore. SCAPSL will provide students experientiallearning and training opportunities with local community partners that will result in astreamlined school-to-workforce solution. The core curriculum classes in English, math, scienceand social studies will compliment learning features such as student-selected career pathways.community and business partnerships, work-related studies, project-based learning (PBL), on-the- job training (OJT) and accelerated coursework like dual-enrollment. Real-world work andlearning experiences will equip students to reach challenging educational goals and to preparefor career opportunities.

Need and Anticipated Student Population: The need for Somerset Career Academy with itscareer clusters has been identified by the Economic Development Council. Workforce Solutions,The City of PSL, and other entities. Within the 5 year ramp up of enrollment. we believe that theschool will be at full capacity, serving approximately 1525 students. Somerset Career AcademyPort St Lucie expects to attract students that are interested in being career and work-place readyupon graduating high school, as well as students who may be considering post-secondaryeducation. but would like work full-time or part time in their chosen path while doing so. Theschool will also serve students that are not wanting to pursue the traditional college degrees andwould rather would be focused and ready for a specific career path after graduating high school.The School will serve a student population that is reflective of the surrounding community andtraditional public schools in the area and will aim to serve a diverse population. The School willnot discriminate on the basis of race, religion. sexual orientation. or national or ethnic origin inthe admission of students and will implement a diverse enrollment and marketing plan in order toachieve racial/ethnic balances reflective of the school district.

8



Local Knowledge & Response to the Project

Somerset Academy has been entrenched in the Port Saint Lucie community since before openingthe doors of the only A rated high school in the City, more than 7 years ago.Somerset currently operates two schools in Port Saint Lucie: Somerset College PreparatoryAcademy (grades 6-12) in Saint Lucie West and Somerset Academy St. Lucie (grades preK-5).Throughout the development of both of these campuses. Somerset has partnered with not onlythe City of PSL, but other local businesses and colleges in the area.

According to the most recent data. the Saint Lucie High Schools serveapproximately 2000 students in each of the six high schools (excluding Somerset), with onlythree of those schools located in the City of PSL.

In accordance with the law, the charter schools will expand the capacity of the public-school system by being located in the Tradition neighborhood. Saint Lucie County severely lacksseats in public schools. Recent census data indicate that approximately 13,197 students of highschool age reside in Saint Lucie County; yet the six existing neighborhood high schools cancurrently serve only 11,143 students, leaving over 2,000 students without a neighborhood publicschool. As of today, there is no "one-stop" vocational/technical/career high school in Saint LucieCounty.

Two of the three traditional existing high schools in Port St. Lucie house thefollowing technical programs: Medical/Health Occupations, Criminal Justice. DigitalMedia/Multi-Media/Communications/Technology Education, Pre-Engineering & Manufacturing,Early Childhood/Teacher Assistants, Culinary Arts, and Accounting/Finance. The third, PortSaint Lucie High School. does have an Applied Sciences Academy, which include automotive,medical. drafting, carpentry and culinary arts programs. That being said.PSLHS is approximately 29 miles from Tradition. For students residing west of Floresta,attending PSLHS could present a hardship.

The three high schools are approximately six to ten miles from each other, with the other threeas far from the City of Port St. Lucie as 25 miles.If a family has two or more students interested in career technical tracks that are not housed inthe same school, households may travel more than 50 miles in a day.

Approach:

The City of Port Saint Lucie and St. Lucie County partnered with the Economic DevelopmentCouncil and other local organizations (IRSC. TCBA, FPL, Career Source, etc) to study the hiringand retention challenges of the Treasure Coast area. Somerset intends to help mitigate some ofthese challenges by securing partnerships with the businesses that have identified barriers such asknowledge/training and experience.

The idea is that Somerset would partner with an institution licensed to certify non-degree holdersas vocational instructors, and offer those five courses at no cost to those experts. Those experts

9



would then be able to teach those trade/manufacturing/specialty courses to Somerset students.While local experts teach their craft to the students, the students would be partnered withcompanies in their fields of choice, and mentorships would be formed. Students at differentlevels would be placed for shadowing/observing, internships and eventually have the opportunityfor On The Job Training (OJT) with these partners.

While simultaneously securing partnerships, the development of the educational program of theschool will be directly aligned with the needs identified in the above-mentioned studies.Somerset is actively seeking to expand it's existing relationship with Indian River State Collegeto provide students with a dual enrollment opportunity in the technical certificate coursesoffered.

At the end of their programs, students would be prepared to sit for industry exams and have theopportunity to earn technical certificates. This would prepare the students for a high school toworkforce solution.

The objective of the school is to provide students experiential learning and training opportunitieswith local community partners that will result in a streamlined school-to-workforce solution.

10



Disclosures

Joint Venture Disclosure

Joint ventures/sub-consultants in the State of Florida

Not Applicable

Personnel to be Assigned to the Project


Critical Issues & Resources Committed

Like all construction projects. the approval of the building plans and the timing of thegovernmental approvals are essential in order to meet the timelines set forth. The building needsto be completed at least 90 days prior to the upcoming school year in order to commit to theincoming class and their parents.

Please see Somerset's financial disclosure statement for resource commitment.

Current Conflicting Contracts

There are no current contracts or obligations that would pose a potential conflict of interest.

Firm's Work Plans

Somerset Academy. Inc. has been providing high-quality education to families in Florida forover 20 rears. Somerset Academy. Inc. serves over 30.000 students nationwide with nearly 70campuses. Somerset Academy's team of professionals and scope of experience will provide theschool the resources needed to maximize student achievement and foster the development ofaccountable 21st century learners in a safe and enriching environment allowing for a successfulproject.

With this vast experience. Somerset has refined the practice of collaboration amongst its expertsto maximize successful results on projects such as this. All projects present unique concerns andchallenges. but with more than 20 years of experience. Somerset has yet to encounter anunsurmountable challenge.

11



Evidence of this is apparent in the Port Saint Lucie community with not only the ground upconstruction of the Somerset in St. Lucie W ` est. but also the recovery of the struggling Ima g ineschool off Becker. Within a year. the school has made significant notable gains. ^

Another example of the firm's ability to address special concerns is Jefferson County. Florida.Jefferson County School Board. at the behest of the Florida's Department of Education. voted toturn over their entire District to Somerset Academy Charter School Network. Prior to this turn-over. Jefferson County was an F rated district. Within one year. the Somerset family was able tomobilize experts from across its national network to assist in raising the District's grade from anF to a C. resulting in not only the highest gains state-wide. but the most significant history-makin g venture Florida has ever witnessed.

12



Current Contracts

Somerset Academy, Inc. contracts with different sponsors/school districts throughout Florida tohold their charter schools. Below is a list of Somerset Academy. Inc. Schools currentlycontracted in the state of Florida. as well as the year of inception for each site.

Somerset Academy, Inc. Schools (Year Opened)

Miami-Dade County Somerset Academy Kendall (2018)

Somerset Academy (2004)

Somerset Academy Virtual Middle HighSchool (2014)

Broward County

Somerset Academy Charter Middle School(2004)

Somerset Academy (2000)

Somerset Academy (Silver Palms) (2007) Somerset Academy Middle School (2000)

Somerset Academy Charter High School(2004)

Somerset Academy High School (2002)

Somerset Academy Silver Palms at Princeton(201 1)

Somerset Arts Conservatory (2006)

Somerset Arts Academy (2008) Somerset Academy South (2018)

Somerset Oaks Academy (2011)Somerset Academy (Miramar Campus)

(2006)

Somerset Academy Elementary School (SouthMiami Campus) (2007)

Somerset Academy Middle School (MiramarCampus) (2006)

Somerset Academy Middle School (SouthMiami Campus) (2009)

Somerset Academy Miramar South (2012)

Somerset Academy Charter ElementarySchool (South Homestead) (2008)

Somerset Academy (Davie) (2003)

Somerset Academy Charter Middle School(South Homestead) (2008)

Somerset Academy East Preparatory (2009)

Somerset Academy Charter High School(South Homestead) (20 l 1)

Somerset Academy Village (2010)

S omerset G a bl es Aca demy (2010)

Somerset Academy Village Charter MiddleSchool (2010)

Somerset Preparatory Academy CharterSchool at North Lauderdale (2010)

Somerset Academy Bay (2013)Somerset Preparatory Academy Charter High

School at North Lauderdale (2010)

13

- Technical Career AcademyVocational

Somerset Academy Bay Middle School

Somerset Academy Neighborhood School


(2013) (1997)

Somerset Preparatory Academy Sunset Somerset Preparatory Academy Charter(2015) Middle School (2010)

Somerset Palms Academy (2018)Somerset Academy Lakes Charter School

(2016)

Somerset Pines Academy (2010) Somerset Academy JFK Charter School(2007)

Somerset Academy Pompano (2012) St. Lucie County

Somerset Academy Key Charter Middle Somerset College Preparatory AcademySchool (2013) (2012)

Somerset Academy Key Charter High School(2016)

Somerset Academy St. Lucie (2017)

Somerset Academy Riverside Charter School(2013)

Duval County

Somerset Academy Riverside Charter MiddleSchool (2013)

Somerset Academy (Eagle Campus) (2010)

Somerset Academy Charter High School(Miramar Campus) (2011)

Somerset Preparatory Academy (2013)

Palm Beach County Somerset Academy Charter Middle School(Eagle Campus) (2010)

Somerset Academy Boca (2012) Jefferson County

Somerset Academy Boca Middle (2013)Jefferson County Elementary A Somerset

Charter School (2017)

Somerset Academy Canyons Middle School(2013)

Jefferson County Middle A SomersetAcademy Charter School (2017)

Somerset Academy Canyons High School(2013)

Jefferson County High A Somerset AcademyCharter School (2017)

14



Prior Litigation

Somerset Academy. Inc. was established in May. 1997 as a Florida Not-for-Profit Corporationand has received and maintained its 501c3 designation. The Corporation's FEIN is 31-1569428.The matters listed below are past. current. or threatened litigation matters where SomersetAcademy Inc. was listed as a Defendant/Party to the action. All of the below matters were. areor will be insured matters. There are no matters (current, pending or threatened) of which I amaware that might impact the financial statements in the form of adjustments or disclosures. Thematters below are General Liability/Personal Injury or Employment in nature. SomersetAcademy Inc. has had no performance related legal claims, litigation, demands or contractsterminated due to non-performance. In addition, Somerset Academy Inc. has not been sanctionedby any regulatory authorities.

CASE YEAR Filed DISPOSITION EXPLANATIONToribio Matamoros, Plaintiff vs.Somerset Academy High School,et. al.CACE1 1009615Broward County

2011(4/26/2011)

Closed -Dismissed withprejudice6/19/2014

General Liability: Negligence(Other)

Toribio Matamoros, Plaintiff vs.Somerset Academy High School,et. al.CACE1 1010961Broward County

2011(5/11/201 1)

Closed -Dismissed withPrejudice2/4/2013

Employment Matter: Contractand Indebtedness

Book, Ronald Lee vs CharterSchool Assoc Inc2014-023591-CA-01Miami-Dade County

2014(9/12/2014)


Personal Injury: Civil (OtherNegligence)

Maria Espejo Plaintiff vs. Cityof Deerfield Beach AquaticCenter, et al DefendantCACE17020715

2017(11/14/2017)

Pending -Insured Matter;Case is pendingresolution

Civil (Other)

Broward CountyJose Cepeda Plaintiff vs. City ofDeerfield Beach, et al DefendantC NCI 17020718

2017(1 1/14/2017)

Pending -Insured Matter:Case is pendingresolution

Civil (Other)

Broward CountyRosa Carderon Plaintiff vs. Cityof Deerfield Beach, et alDefendantC.\CL 17020724

2017(11/14/2017)


Civil (Other)

Broward County!/ilsen Manius, et al Plaintiff vs.Somerset Academy Inc, et alDefendantLACE 18009575

2018(4/20/2018)


Negligence - PremisesLiability Commercial

15



Broward CountyDAVIDS FOOD AND FUN INCVS SOMERSET ACADEiIYINC2014-030299-CA-01Miami-Dade County

201411/29/2014


School Terminated vendorcontract - Vendor allegedbreach of contract

Cynthia McCormick, et. al.Plaintiff vs. Somerset AcademyInc. DefendantCACE1600312Broward County

20163/1/2016


Personal Injury: Negligence(Other)

Angelina Jadulal, Plaintiff vs.Somerset Academy Inc.,DefendantCOS016003458Miami-Dade County

20165/24/2016


Employment Matter:Civil Damages greater than$5,000, less than $15,000

BelLare Bassette, II et. al.Plaintiff vs. Somerset AcademyInc., DefendantCACE16023335Miami-Dade County

201612/23/2016


Personal Injury: Negligence(Other)

16



Management Plan

Somerset Academy, Inc. is a Florida not-for-profit educational institution with two decades ofsuccessful development and operation of over 50 high-performing charter schools serving nearly25.000 students in Pre-K through 12th grade in Miami-Dade, Broward, Palm Beach, Monroe, St.Lucie and Duval counties, as well as D.C.. Las Vegas, NV and San Antonio, TX. The institutionand its board of directors have over a decade of experience in charter school operations andmanagement and oversight of public funds. Somerset Academy has developed a multi-tier system(management, instruction, assessment and professional development) that has achieved increasedperformance across all student populations and subgroups as evidenced by their academicperformance over the past two decades. The Board has a proven track record of operatingsuccessful. financially sound charter schools in Florida since 1997. Somerset Academy. Inc.'sstructure and composition has ensured the academic, operational, and financial success of theexisting schools within its network and will continue to do so with the proposed school.The Somerset Academy, Inc. Governing Board is the ultimate policy-making body with theresponsibility of operation and oversight of the school including but not limited to academicdirection, curriculum, and budgetary functions.Board Member Duties: The Governing Board will perform the following duties, as well as anyand all other duties specified in Florida Statutes regarding Governing Boards of Charter Schoolsand any other duties specified in the Bylaws:

♦ Oversee operational policies: Academic accountability, and financial accountability.

♦ Annually adopt and maintain an operating budget.♦ Exercise continuing oversight over charter school operations.

♦ Report its progress annually to its sponsor, which shall forward the report to the Commissionerof Education at the same time as other annual school accountability reports.

♦ Ensure that the charter school has retained the services of a certified public accountant for theannual financial audit who shall submit the report to the governing body.

♦ Review and approve the audit report, including audit findings and recommendations

♦ Monitor a financial recovery plan in order to ensure compliance (if applicable).

♦ Report progress annually to its sponsor

The Governing Board will hire and oversee the school principal. The Principal, as theinstructional leader, will be responsible for all aspects of day-to-day administration of the schoolwithin the scope of the board's operating policy and in compliance with district, state, andfederal guidelines for the school's operation. The Principal will hire, oversee. and evaluatefaculty and staff. The principal will make all school-based decisions. establishing andimplementing procedures for the day-to-day operations of the school including procedures forcurriculum and instruction, classroom management. discipline, faculty and staff evaluation, dataanalysis. testing. support services, parental communication. professional development. discipline.community outreach, oversight of facilities and internal financial controls, etc. The principalwill report to the board on the school's operations and finances and is expected to communicatewith the board as often as needed by the School and/or board members in order for school'soperational needs to be met.

The administration will implement policies and procedures for the daily operations of theschool. The principal will delegate duties to administrative support staff to ensure that daily

17



operations, resources, policies and procedures are being implemented in accordance with theschool's mission. Faculty and staff will be responsible for carrying out these procedures in theirday-to-day duties, activities, and interactions with students, teachers, and parents of the school.

Educational Service Provider (ESP): The Board expects it will contract with Academica, anEducational Services and Support Provider (ESP). to provide off-site support to the school.Given the multitude of ancillary support and resources provided by Academica at the direction ofthe Board, the school site administrators at the Somerset schools have the ability to focus onproviding the most appropriate and effective educational program for its students. The ESP doesnot manage the day-to-day operations of a school, but rather provides "back office" support forthe Board through a team of individuals with expertise in the areas of business. law. facilities.quality assurance. strategic planning and development, and governmental compliance.Academica's experienced team of professionals provides services and solutions for every aspectof charter school establishment and operation. Academica has been successful assisting charterschool boards to develop and execute strategic plans for scaling and replicating high performingschools and has assisted Somerset throughout its expansion both in Florida and into newterritories. This relationship allows Somerset Academy to focus on their vision to provideequitable, high-quality education for all students while ensuring the Board and school businessoperations are maintained with the assistance of an organization with the experience and trackrecord of providing a high level of support and service to public charter schools.

Additional information in regards to the roles of the governing board can be found in theOrganizational Plan.

Project Oversight/Coordination: The Somerset Academy Board will work closely with facilityspecialists at Academica and the world-renowned architects at Civica to plan, develop and bringto fruition the state-of-the-art educational institution that the City of Port St Lucie deserves. TheFacility Team made up of the owner's representatives, the architects, a carefully selected GC,and a City appointed liaison (should the City choose) and on-site principal. Erika Rains. willwork collaboratively and diligently to ensure a timely and compliant project completion.Erika Rains will oversee the team writing and submitting the charter school application to theSLCSB by February I, 2019, while working concurrently with the architects at Civica on thefacility design. Meanwhile. Academica's Facility Specialists will be working with the owner'srepresentatives to solicit general contractor bids. Once the charter school application has beenapproved by the SLCSB, Somerset and the Facility Team will move forward with developing atime table for construction. Somerset President Bernardo Montero and school Principal ErikaRains will serve as owner's reps on this project. Owner's reps and contractors will meet on sitemonthly until the foundation has been set. The team will transition to biweekly meetings afterthat, and weekly once we are within a month or so of Certificate of Occupancy.

Erika Rains. the principal, will oversee the recruiting and staffing of the educational program, thedevelopment and implementation of the curriculum and all other on-site operations of a day today nature. Academia's marketing team will work with Erika Rains to establish a marketingplan.

18



Educational Plan

Mission, Vision, & Purpose

Mission: The mission of Somerset Career Academy of Port St. Lucie (SCAPSL) is tomaximize student achievement and foster the development of responsible, self-directed life-longlearners in a safe and enriching learning environment.

Vision: Our vision is to provide an equitable, high quality education for all students.

The Fundamental Purpose related to the Mission & Vision: The goal of SCAPSL is toprovide students experiential learning and training opportunities with local community partnersthat will result in a streamlined school-to-workforce solution.

As with all our Somerset schools. Somerset Career Academy is dedicated to providing a well-rounded, academic curriculum in a 'family-like' environment that is rigorous, creativelystimulating, and nurturing. Somerset Career Academy Port St. Lucie will 1) provideopportunities for active involvement of students, families, and communities; 2) provide studentsexperiential learning and training opportunities with local community partners that will result ina streamlined school-to-workforce solution; 3) enhance classroom studies with technology androbust extra-curricular programs; 4) provide a nurturing 'family-like environment to fostersuccessful life-long learning.

The governing board members of Somerset Academy. Inc. believe that the future of educationlies in partnerships between communities. parents, and educators and their commitment toprepare lifelong learners. Somerset Academy, Inc. upholds an educational culture whereacademic excellence is respected and pursued and caring for others is intrinsic.

The Somerset Academy family of charter schools subscribes to the following Core Principles:

♦ Student learning and achievement is paramount.♦ Effective school leaders are vital.

♦ Qualified and caring staff is necessary.

♦ Effective governing board builds a strong foundation for all our schools.♦ A safe and secure learning environment allows for operational learning.

♦ Data assessments will drive curriculum and educational focus.

♦ The curriculum will be research-based.

♦ We always strive for continual improvement.

♦ Teacher training and mentoring is constant throughout the year.♦ Balanced budgets will ensure resources for student achievement and teacher efficiency.♦ Teamwork with stakeholders - community leaders. parents. students, teachers, administration

and governing board is essential.

♦ Communication among all Somerset leaders will lead to success for all the schools in theSomerset Academy family.

19



Although each school is responsible in determining the best strategies to improve studentperformance, all stakeholders collaborate in establishing uniform guidelines to meet setexpectations. Somerset Career Academy will impart a well-rounded, academic curriculum in anenvironment that is both nurturing and creatively stimulating. The School will maximize studentachievement and foster the development of responsible, self-directed life-long learners by:

o rtu rniesfor active irtotvem8nt

of studertsandfamilies, aryl

developing deep rootsvilth communitypartners in the

c lucationa process

through a schociadvisory CC:; fn R:ee..

Utilizing reeeafcr-!Based strategies r

to improve Student perfftrrrarcefor allpcpulatdrs, including English Language

Lea meta (Ells) ard students withdi caPilities.

Povidir

2duta,rral pr }ramrival for every child'sscholastic success,infused with afo.usor; literacy and 21'

Century skills

Delivering adynan' c, acl curriculurr,irdudirge mphasis or student-centered irstr ction towards

mastery of the Florida Stardarils asadopted, settinghigh goalsfor all inthesthoc! community and

providing the suupportnecessary to reach those goals.

Utilizing effective, techno gkatlyrichsupplementary programs and tools to

assist and increase a multi-sensort learrirgexperience,Enhancing

classroomstudies tt'rou7t'

premiumcurriculerardarts infused

extra-curricularprogram;..

The specific goal of Somerset Career Academy is to provide students experiential learning andtraining opportunities with local community partners that will result in a streamlined school-to-workforce solution. The core curriculum classes in English, math. science and social studies willcompliment learning features such as student-selected career pathways, community and businesspartnerships, work-related studies. project-based learning (PBL), on-the- job training (OJT) andaccelerated coursework like dual-enrollment. Real-world work and learning experiences willequip students to reach challenging educational goals and to prepare for career opportunities.Real-world work and learning experiences are a key element of the program. The educationalprogram will increase student success, both before and after graduation. The career pathwayswill demonstrate to students how their school subjects are related to real-world situations andcareers. The long-term achievement of the school will revolve around providing students withopportunities to explore different careers and professions associated with different trade andtechnical fields will open the door for future training, post-secondary education. or the world ofwork. Students will graduate from Somerset Career Academy having a 'step up' with industrycertification. hands-on experience. and having already established community connections withlocal businesses.

20



Target Population

Anticipated Student Population: The school will be open to children eligible to attend grades6- 12 (approximately 11 to 18 years of age) in Port St. Lucie County. The school will have anopen admissions policy and therefore be available to any student, as described inF.S.§ 1002.33(10), who submits a timely application (prior to the posted deadlines), unless thenumber of applications exceeds the capacity of the program, class, grade level, or building. Insuch case. all applicants will have an equal chance of being admitted through a random selection(lottery) process. If the number of applications falls short of the established capacity,supplemental registration periods may be held for the purpose of reaching student capacity.In accordance with federal and state anti-discrimination laws and the Florida Educational EquityAct. Section 1000.05(2). the school will not discriminate on the basis of race, ethnicity. nationalorigin, gender. or disability against a student in its school admission process

The School will serve a student population that is reflective of the surrounding community andtraditional public schools in the area. Based on an average of the surrounding schools (within23 miles of the proposed site), the school anticipates serving approximately 55.10% minoritystudents and 52.00% of students with low socioeconomic status. Based on an average of thesurrounding schools (within 23 miles of the proposed site), the school anticipates serving

-^approximately 18.00% ELL students and 11.48% of students with disabilities. All of theseprojections are based on the 2017-2018 enrollment data of the schools represented in the chartbelow. Furthermore, Somerset Career Academy expects to attract students that are interested inbeing career and work-place ready upon graduating high school. Students that may beconsidering post-secondary education but would like work full-time or part time in the chosenpath while doing so. Or students that are not wanting to pursue the traditional college degreesand would rather would be focused and ready for a specific career path after graduating highschool who realize that earning industry certification increases their marketability.

Schools within 23 miles Minority % LSES % Disability % ELL %

Treasure Coast High School 62.29% 61.2% 11.0% 4.5%

Port Saint Lucie High School 51.90% 62.4% 13.5% 5.6%

Somerset College Prep 50.10% 52.00% 4.80% 4.2%

Southport Middle School 52.10% 68.9% 14.7% 10.2%

Dan McCarty Middle School 87.00% 77.3% 13.4% 14.0%

Source: hops : skit

The school aims to serve a diverse student population. Somerset will ensure that the schoolplaces an emphasis on recruiting a diverse population through its marketing activities. Targetedrecruitment activities to underrepresented populations include but are not limited to:

• Partner with minority-serving institutions in the area to assist with recruitment.• Create a diverse recruitment team.• Personalize recruitment: call applicants and follow up personally.• Provide opportunities for potential families to get a sense of the school environmentthrough tours and open houses.

21



Enrollment Preference: As stated in Florida Statues 1002.33 (10) (d) Somerset CareerAcademy Port St. Lucie may give enrollment preference to the following student populations:

• Students who are siblings of a student enrolled in the charter school.• Students who are the children of a member of the governing board of the charter

school.• Students who are the children of an employee of the charter school.• Students who are the children of:

o An employee of the business partner of a charter school-in-the-workplaceestablished under paragraph (15)(b) or a resident of the municipality in whichsuch charter school is located; or

o A resident or employee of a municipality that operates a charter school-in-a-municipality pursuant to paragraph (15)(c) or allows a charter school to use aschool facility or portion of land provided by the municipality for the operationof the charter school.

Enrollment Limitation: In accordance to 1002.33(10)(e), F.S. the School may limit theenrollment process to target the following student populations:

• Students residing within a reasonable distance of the charter school, as described in

paragraph (20)(c). Such students shall be subject to a random lottery and to the racial/ethnic

balance provisions described in subparagraph (7)(a)8. or any federal provisions that require a

school to achieve a racial/ethnic balance reflective of the community it serves or within the

racial/ethnic range of other public schools in the same school district.

• Students who meet reasonable academic. artistic, or other eligibility standards established by

the charter school and included in the charter school application and charter or, in the case of

existing charter schools, standards that are consistent with the school's mission and purpose.

Such standards shall be in accordance with current state law and practice in public schools

and may not discriminate against otherwise qualified individuals.

• Students articulating from one charter school to another pursuant to an articulation agreement

between the charter schools that has been approved by the sponsor.

22



Enrollment Projections

GradeLevel

Number of StudentsYear 1 Year 2 Year 3 Year 4 Year 5

6 150 175 175 175 1757 150 150 175 175 1758 150 150 175 1759 250 250 250 25010 250 250 25011 250 25012 250TOTAL 300 725 1000 1275 1525

Note: *The numbers provided are estimates and may vary depending on studentenrollment and/or attrition in the respective grade levels.

The projected five year grade-level enrollment ramp up (which drives the budgetary projections)was developed by leadership at the existing Somerset 6-12 in Port St. Lucie. Somerset analyzedthe enrollment applications, letters of interest and actual registration per grade level over the lastseven years and cross referenced those numbers with the number of students currently enrolled inthe existing career technical programs throughout the county. Somerset then accounted for aphased expansion of the facility. and determined the minimum number of students needed toensure financial viability while remaining cognizant of potential programmatic interest. Theseramp up figures areas conservative and are flexible. The School will have the ability, bothfinancially and physically, to adjust for an increase or decrease in these projections over thecourse of the 5 year growth plan.

Educational Program Design

Somerset schools meet high standards of student achievement through the delivery of a rigorousand relevant curriculum with emphasis on mastery of benchmarks aligned to the FloridaStandards and NGSSS, as applicable to course and grade level. The "best practices" that havebeen established at Somerset Academy, Inc. are derived from two decades of educational successdue to experienced board members, committed parents and students, and innovative educators.All Somerset programs implement the 'neighborhood school paradigm' in their managementstructures to consistently maintain the small school feel and family environment. The'neighborhood school paradigm' makes it important to learn all students' and parents' names.make everyone a valued part of the Somerset family. and create a school environment whereeveryone feels welcomed when they are on a Somerset campus. This leads to students that excel,parents and community members wanting to be involved in the process, and where everyone iscommitted to students and accountable for student results. Aligning with the mission ofSomerset, students will receive a high-quality education while being held accountable for theirdevelopment and their achievements.

23



Accordingly, Somerset Career Academy will combine the best practices developed by thenetwork of over 55 Somerset schools. The school will provide all students with a core curriculumof English/language arts (E/LA), mathematics, social studies, science and a rich array ofelectives which may include fine arts. health. physical education, and world languages, and otherelectives.

In addition. Somerset Career Academy is committed to providing students with opportunities toexplore different careers and professions associated with different trade and technical fieldswhich will open the door for future training, post-secondary education, or the world ofwork. These career paths also have the possibility to lead to industry certifications for studentswho select to complete all examination requirements. The School will comply with all state anddistrict requirements for class size. Special consideration with class size will be considered forclasses that require a great deal of one-on-one teacher instruction or supervision revolvingaround safety, possibly in the career path specialized courses.

Academic Excellence and Leadership Development are the basis for Somerset's educationalphilosophy. Accordingly, the school's educational program centers on high academic andbehavioral expectations for all students for the direct purpose of achieving the School's mission.For example, we believe that a common goal of high academic standards and behavioralexpectations will foster responsible and self-directed learners. Accordingly, the School'sprograms emphasize high academic and behavioral expectations for all students. Supporting ourmission, we believe in providing opportunities for students to take ownership of their learningand to reflect on their work and its meaning. We also believe that learning should take placebeyond the classroom. We have designed strategies to instill a love of learning through realworld immersion practices and programs. Teachers will engage students in service learningprojects that start in the classroom and extend beyond it, encouraging responsible, caringparticipation in the local community and in the wider world.

24



School Beliefs and Values Vision: Actions and Policies

At Somerset Academy, webelieve that:

To meet the needs of the target student population andachieve the school mission and vision, we will:

All students can and will learn;

Students learn in a variety ofways and should be given theopportunity to learn with avariety of different strategiesand techniques;

♦

Create a school environment where all studentsfeel a sense of belonging, where students feel safeand supported

♦

Provide student-centered instruction usingDifferentiated Instructional (DI) Strategies

♦

Use Technology in all content areas♦

Provide remediation and enrichment programs♦

Offer co-curricular and extra-curricular programs♦

Deliver targeted after-school tutoring programs♦

Arrange counseling and other specialized services♦

Create a culture of high academic and behavioralexpectations for all; expect parental involvement,build strong and supportive leadership team and adedicated faculty/staff who believe in the missionand vision

Students live up (or down) tothe expectations set for them;

Administrators, teachers, staff,parents and communitymembers must agree to holdhigh expectations and standardsin order for students to achievetheir maximum potential;

♦

Implement discipline policies and Code ofConduct which foster Character Development andEthical Behavior

♦

Communicate academic and behavioralexpectations through the School's Code ofConduct

♦

Reinforce and model Character Educationthrough school-wide initiatives

♦

As teachers are expected to model this behaviorin a professional environment, the School will sethigh professional expectations for teachers aswell and communicate these through the FacultyHandbook and Code of Ethics.

♦

Expect parents to uphold the Code of Conductand parent contract which outline theresponsibilities they share in promoting theirchild's academic and social development

♦

Seek, establish, and maintain partnerships withbusinesses and civic institutions to providestudents with an array of learning opportunitiesbeyond the classroom

Parents and teachers arepartners in the educationalprocess; Parental "investment"

♦

Encourage parental involvement through parentalinvolvement agreements so all parents participatein their child's education.

25


in a student's education is

♦ Encourage school partnerships through a Parent


crucial to student success aswell as to the advancement theschool's mission and vision.

Teacher Student Organization (PTSO), parentclubs, School Advisory Committees and othersuch outreach and involvement groups.

The school must be committedto continuous improvement toenable students to become life-long learners;

♦

Require the ongoing collection and analysis ofstudent performance data and ongoing monitoringof results to set priorities for differentiated andtargeted instruction, professional developmentand program improvements in order to achieveconsistent increased student achievementoutcomes;

♦

Implement Continuous Improvement processeswherein student assessment results offeropportunities for teacher and student data chats;

♦

Solicit feedback from all stakeholders (throughstudent and parent climate surveys, sponsor'scompliance reviews, teacher and governing boardevaluations to determine other areas of school-wide improvement.

Curriculum

The following course lists for English/Language Arts/Reading, Math, Science, Social Studies.Electives, and Career Tracks are indicative of the courses the School intends to offer once fullyestablished. The School intends to begin with a modest. albeit healthy, course options and willincrease offerings in accordance with student need. interest. demand and district, state andfederal mandates and guidelines, always with student's best interest in mind. Course content forthese courses will be delivered in accordance with course descriptions provided by the FL-DOEavailable at http: -'wv ww.fldoe.orse biicurriculum course_descriptions

The School will implement, at minimum, the required courses for promotion from middle schoolto high school as well as the courses required to earn a standard high school diploma, as detailedby the FL-DOE. Additionally, the School will adopt researched-based district/state-approvedinstructional materials and curriculum pacing guides. if available. or will align the state adoptedtextbook to serve as the basis and provide the timeline for instruction and to ensure the coursematerial is taught sequentially, consistently and in a challenging format.

26



Middle Grades: To meet promotion criteria all middle grade students, grades 6-8 will complete:

♦ three middle annual courses in English to include emphasis in literature, composition, andtechnical text (and M/J language arts through ESOL for ELLs);

♦ three middle school annual courses in mathematics;♦ three middle school annual courses in Science;♦ three middle school annual courses in social science. one of which must be civics.♦ one semester of physical education in grades 6. 7, and 8 (pending any eligible waivers);♦ one middle school course which incorporates career and education planning

The chart below demonstrates possible curriculum choices for students in middle school (grades6-8) at Somerset Career Academy Port St. Lucie. The curricula below have proven successful atseveral of the other schools within in the Somerset Network. However. Somerset CareerAcademy Port St. Lucie will do a complete analysis of state approved curriculum/resources tomake sure that the curriculum used best meets the needs of the students that will be served at thePort St. Lucie location.

Possible Curriculum Choices for Middle School Grades 6 - 8

M/J ELA 1,2,3 Pearson Ready Gen for ELA

BrainPop, My On, Study Island, ReadingPlus', Grade Level Literary Novels/Informational Texts

Zaner Moser Strategies for Writers

FSA Writing Rubrics for Informative and

Argumentative Writing

Pearson Ready Gen for ELA

BrainPop, My On, Study Island, ReadingPlus, Grade Level Literary Novels/Informational Texts

National Geographic Hampton Brown Edge

Reading Series

My On, Study Island, Reading Plus, GradeLevel Literary Novels/ Informational Texts

National Geographic Hampton Brown Edge

Reading Series

My On, Study Island, Reading Plus, GradeLevel Literary Novels/Informational Texts

M/J ELA through ESOL 1,2,3

M/J Writing

M/J ELA Advanced 1, 2, 3

M/J Intensive Reading

M/J Reading

27



M/J Math - Grade 6-8

Pearson Envision Math 2.0 or Big Ideals byLarson

Study Island, Khan Academy, Algebra Nation,Geometry Nation

M/J Intensive Math

Triumph Learning Coach, Math Nation orBig Ideas by Larson

Study Island, Khan Academy, Algebra Nation,Geometry Nation

M/J Comp Science 1, 2, 3 and Advanced

Pearson Elevate Science

BrainPop, Study Island, My On

Glencoe/ McGraw-Hill: Discovering OurPast: A History of the World - EarlyYears, Florida Edition;

Study Island, Studies Weekly

GlencoeMcGraw-Hill: Civic, Economics, andGeographyFlorida Edition (Reilly et al);

CPALMS, Study Island, Studies Weekly

GlencoeMcGraw-Hill: Discovering Our Past: AHistory of the United States-Early Years,Florida Edition;

CPALMS, , Study Island, Studies Weekly

**Middle school students that are ready to take advanced courses will have the opportunity totake high school level courses and earn high school credit while in middle school. These coursesmay include but are not limited to Algebra 1, Geometry, Physical Science and Biology.

The aforementioned textbooks and supplemental materials are all research-based and support thephilosophy, goals and objectives of the School. These adoptions may be amended as per theSponsor/state's text adoptions throughout the duration of the charter.

Furthermore. beginning in middle school students will be exposed to a diverse curriculum. Allstudents will have the opportunity to experience an exploratory wheel of electives whichintroduces the main concepts of each track (manufacturing /trade/ technical engineering.

M/J History

M/J Civics

M/J World History

28



childcare, health occupations, and retail service) to all students in sixth and seventh grade (Referto Diagram below). All sixth grade students will begin with an orientation course which explainsall the career clusters and explore career options. This course is designed to give our youngeststudents a glimpse into the many options that the school can provide and help to strike an interestin a particular track. After the orientation course, the students will progress to electives that aremore specific to each cluster. These courses are designed to go deeper into explaining theprograms that are offered, what they will learn in each one. and what the job opportunities looklike in each career track.

Through the experiences in the sixth and seventh grade electives, eighth grade students will beable to identify their track of interest and then begin taking the fundamental course for thatspecific cluster paired with a career/planning/personal development course. This could includeeighth grade students having the opportunity to take high school level courses and begin earninghigh school credits.

Example of 6th - 7th Grade Exploratory Wheel

While completing the middle school years. the guidance department will provide support andguidance in the form of career planning. job outlook. learning experiences outside the classroom.as well as professional guest speakers, tutoring. organization skills. and course review to makesure that the student is meeting all promotion criteria. Throughout the career exploration allmiddle school students will still meet the state requirements in regards to course work, requiredcourses. and all state testing in order to successfully complete middle school.

29


4 Credits ELA


High School: To meet the graduation requirements all high school, grades 9- 12 will complete:

•

Pass the statewide, standardized Grade 10 ELA assessment or earn a concordant score inorder to graduate with a standard diploma.

4 Credits Mathematics•

One of which must be Algebra I and one of which must be Geometry.•

A student who takes Algebra I must pass the Algebra I EOC assessment, or earn acomparative score, to earn a standard high school diploma. The EOC results constitute 30percent of a student's final course grade.•

A student who takes Geometry must take the Geometry EOC assessment. The EOCresults constitute 30 percent of a student's final course grade.•

A student who earns an industry certification l that articulates to college credit maysubstitute the certification for up to two mathematics credits, except for Algebra I andGeometry.

3 Credits Science•

One of which must be Biology I, two of which must be equally rigorous science courses.•

Two of the three required credits must have a laboratory component.•

A student who takes Biology I must take the Biology I EOC assessment. The EOCresults constitute 30 percent of a student's final course grade.•

A student who earns an industry certification l that articulates to college credit maysubstitute the certification for one science course (except for Biology I).•

An identified rigorous Computer Science course with a related industry certificationsubstitutes for up to one science credit (except for Biology I).

3 Credits Social Studies•

One credit in World History.•

One credit in U.S. History.•

A student who takes U.S. History must take the U.S. History EOC assessment. The EOCresults constitute 30 percent of a student's final course grade.•

One-half credit in U.S. Government.•

One-half credit in Economics, which must include financial literacy.1 Credit Fine and Performing Arts, Speech and Debate, or Practical Arts

•

Eligible courses are specified in the Florida Course Code Directoryat hup:f ^^ was .f1doe.or^g policy articulation ccd

I Credit Physical Education•

To include the integration of health.8 Elective Credits

1 Online Course within the 24 Credits

30



The chart below demonstrates possible curriculum choices students in high school (9-12) atSomerset Career Academy Port St. Lucie. The curricula below have proven successful at severalof our other schools within in the Somerset Network. However, Somerset Career Academy PortSt Lucie will do a complete analysis of state approved curriculum/resources to make sure that thecurriculum used best meets the needs of our students.

Possible Curriculum Choices for High School Grades 9 - 12English I, II, III, Holt, Rinehart and Winston, Elements of Literature

IVIntensive Reading

McDougal Littell, American Literature (AP Courses)Reading Plus software;USA Today Newspapers in Education;Wordly WisePerformance Coach workbooksClassroom libraries representing a variety of genres

Algebra I, IIGeometryIntensive Math

Pearson/Prentice HallKey Curriculum PressMcDougal Littell

Holt, Starnes/Yates/Moore, Larson/FaberBig Ideas by Larson

Algebra NationNWEA for Algebra I and GeometryTriumph Learning Coach for Algebra I and Geometry IntensiveMath (Supplemental)Kahn Academy

Physical ScienceBiologyChemistryPhysics

Holt, Prentice Hall; Glencoe; Holt. Reinhart and Winston; CPOScience, Miller Levene, Brook/Cole, CampbellWeb-based simulators and online videos (e.g. BrainPop, DiscoveryLearning) 28Calculator-based laboratories and probesStudy Island

World HistoryWorld CulturalGeographyU.S HistoryAmericanGovernmentEconomics

Prentice Hall - Connections to History and Comparative Politicstoday; Houghton Mifflin -Western SocietyMagruders - American Government and Government by the People

American Passages and America Past and PresentGrolier Online - providing quick access to encyclopedia articles.web links, and full-text periodical articles and rich multimediadatabases (e.g., Encyclopedia Americana. Grolier Multimedia, NewBook of Knowledge. America the Beautiful. etc.Discovery Learning and BrainPop, Webquests, Podcasts. GizmosGateway to Data - an assessment tool based on specificconcept/benchmark addressed

*The aforementioned textbooks and supplemental materials are all research-based and supportthe philosophy, goals and objectives of the School. These adoptions may be amended as per theSponsor/state's text adoptions throughout the duration of the charter.

31



In addition to the traditional high school diploma requirements, students at Somerset CareerAcademy Port St. Lucie will select a career track and complete course work and requirementsthat can lead to industry certification in their selected track. The school will offer programs in 7career clusters: I) Transportation, Distribution & Logistics, 2) Architecture & Construction, 3)Education & Training, 4) Health Sciences. 5) Hospitality & Tourism. 6) Human Service, and 7)Manufacturing. These clusters focus on the industries identified by the Skills Gap Study as thearea of need for our community: manufacturing. trades. education. health care, retail and humanservice Industries.

As previously noted, the School intends to begin with a modest, albeit healthy, course options/Career programs and will increase offerings in accordance with student need. interest. demandand district. state and federal mandates and guidelines. always with student's best interest inmind. Once fully established, it is the intent of the school to offer a robust program that allowsfor students to have several options within each of the career clusters. The chart belowdemonstrates the different programs that may be offered in relation to each career cluster.

Program TitleStand-

andCourses/Program Structure

Career ClusterLength

Air7 Credits Course #

8713010Course Title

Air Conditioning, Refrigeration & Heating & Tech 1Conditioning, 8713020 Air Conditioning, Refrigeration & Heating & Tech 2 A rc hit ec t ure &Refrigeration 8713030 Air Conditioning, Refrigeration & Heating & Tech 3and Heating 8713040 Air Conditioning, Refrigeration & Heating & Tech 4

C onstruct ion

Technology 8713050 Air Conditioning, Refrigeration & Heating & Tech 58713060 Air Conditioning, Refrigeration & Heating & Tech 6

(HVAC Trade) 8713070 Air Conditioning, Refrigeration & Heating & Tech 7

5 Credits Course #8104310

Course TitleCarpentry Fundamentals A rc hi tecture&Carpentry 8104320 Carpentry Layout

Trade 8104330 Carpentry FramingConstruction

8104340 Carpentry Exterior8104350 Carpentry Finish

Course Course Title8 Credits #8727210 Electricity 1

8727220 Electricity 2 Architecture &Electricity

Trade8727230 Electricity 3 Construction8727240 Electricity 48727250 Electricity 58727260 Electricity 68727270 Electricity 78727280 Electricity 8

Pl um bi ng


Course TitlePlumbing Technology 1

ArchitectureConstruct i on

8721620 Plumbing Technology 2Trade 87 2 1630 Plumbing Technology 3

8721640 Plumbing Technology 4

32


Course #

Course Title


EarlyChildhoodEducation

4 Credits

4 Credits

84051 10

Early Childhood Education 1 Education &Training8405120

Early Childhood Education 28405130



Principles ofTeaching &Education

3 Credits

Course #8909010

Course TitleIntroduction to the Teaching Profession

Education &Training

8909020 Human Growth and Development8909030 Foundations of Curriculum and Instruction8909040 Principles of Teaching Internship

Allied HealthAssisting/

Health Aide

Course #8417100

Course TitleHealth Science Anatomy & Physiology

Health Science

8417110 Health Science Foundations8417131 Allied Health Assisting 3

D enta l A ide

DentalLaboratory

Assisting

ExerciseScience

(Physical/OccupationalThera

' Asst)

Home HealthAide

PharmacyTechnician

3 Credits

4 Credits

3 Credits

2•5Credits

7 Credits

4 Credits

Course #8417100

Course TitleHealth Science Anatomy & Physiology

Health Science

Health Science

Health Science

health Science

-Iealth Science

84171 10 Health Science Foundations8417141

Course #

8417100

Dental Aide 3

Course Title

Health Science Anatomy and Physiology

84171 10 Health Science Foundations

8417151 Dental Laboratory Assisting 3

8417152

Course #

8417100

Dental Laboratory Assisting 4

Course Title


84171 10 Health Science Foundations

8417120 Exercise Science

Course #

8417100

Course Title


8417110 Health Science Foundations

8417191 Home Health Aide 3

Course # Course-Title8418210 Pharmacy Technician 1

8418220 Pharmacy Technician 2






C ul i nary A rts:Retail Services

Course #8800510

Course TitleCulinary Arts 1

Hospitality &Tourism

8800520 Culinary Arts 28800530 Culinary Arts 3

8800540 Culinary Arts 4 (Track 1)

or

33



1

1

88005508800560

Culinary Arts 4 (Track 2)

orCulinary Arts 4 (Track 3)

Cosmetology:Retail Services


Course TitleGrooming and Salon Services Core I

8905120 Cosmetology Nails 28905130 Cosmetology Facials 3

iHuman Serv ces8905140 Cosmetology 48905150 Cosmetology 58905160 Cosmetology 68905170 Cosmetology 78905180 Cosmetology 88905190 Cosmetolo

' 9

Nails Specialty:Retail Services


Course TitleGrooming and Salon Services Core 1

uman Services

8757310 Nails Specialty 28757320 Nails S.ecialt

3

FacialsSpec ialty:

Retail Services


Course TitleGrooming and Salon Services Core 1

uman Services

8757410 Facials Specialty 28757420 Facials Specialty 3

5 Credits Course # Course Title

MachiningTechnology

92021 10 Machining Technology 1

Manufacturing9202120 Machining g Technology 2^9202130 Machining Technology 3

9202140 Machining Technology 4

9202150 Machining Technology Capstone

IndustrialMachinery

MaintenanceTechnology

5 Credits Course #

9204310

Course Title

Machinery Maintenance 1

Manufacturinga9204320 Machinery Maintenance 2

9204330 Machinery Maintenance 38743240 Machinery Maintenance 49204350 Industrial Machinery Mechanic Technology Capstone

OutboardMarine Service

Technology

7 Credits Course-#

9504210

Course Title

Outboard Marine Service 1ransportation,

Distribution &Logistics

9504220 Outboard Marine Service 2



9504250 Advanced Marine Technology 1

9504260 Advanced Marine Technology 2

9504270 Outboard Marine Service Capstone 5

34



For each specialty career track, curriculum will be selected that not only includestextbook/written materials, but also includes a standardized training and credentialing programfor the specific industry. Somerset Career Academy Port St. Lucie looks to pursue curriculumfrom the National Center for Construction Education & Research (NCCER) to work with thisnon-profit organization to train Master Trainers who in turn, certifies the local Craft Instructorsto ensure that all career programs meet the standards of instruction set by the industry. NCCERdevelops and published its curricula in partnership with Pearson and have competency-basedcurricula with measurable objectives developed by subject matter experts.

HBI Building Careers is an additional curriculum/program that may be used to integratescontextual, work-based learning with vocational and academic skills training in the classroom.NCCER and/or HBI may be used for career tracks/clusters involving Architecture &Construction (carpentry, electricity, etc.), Manufacturing (Machinery Maintenance, etc.) andTransportation. and Distribution & Logistics (Marine Service).

The National Health Career Association (NHA) will be utilized by the teachers of the HealthServices tracks in order to complete lessons that are aligned with the ultimate certification of ourstudents. Resources and materials such as study materials, best practice guides. and test planmaps are available through NHA. Additional medical associations will be utilized for trackspecific clubs/activities such as HOSA and Skills USA that will give students an opportunity toparticipate in competitive events showcasing the best career and technical education students inthe nation. Competitions typically begin locally (school based to district level) and continuethrough the state and national levels.

The Education and Training career track curriculum will be addressed through the FloridaDepartment of Education Program Guidelines(http: wvvw.fldoe.org core/fileparse.php5652 urltecpc prog_guidelines.pdt).Students who complete the entire program and meet all requirements can be awarded the EarlyChildhood Professional Certificate (ECPC).

For the career cluster of Human Service/Retail, curriculum from Milady, the number oneprovider of beauty and wellness learning solutions across the world. may be utilized. In additionto curriculum, resources. and test prep materials, Milady also provides the program necessary forinstructors to become master educators in their fields. As Somerset Career Academy Port StLucie grows, it may increase the programs offered. Milady offers resources and curriculum forprograms in Cosmetology. Esthetics. Barbering, Nail Technology, Makeup, Massage Therapy,Salon & Spa Management and Business Training.

Each program offers a sequence of courses that provides coherent and rigorous content alignedwith challenging academic standards and relevant technical knowledge and skills needed toprepare for further education and career within each industry: provides technical skillproficiency, and includes competency-based applied learning that contributes to the academicknowledge, higher-order reasoning and problem-solving skills, work attitudes. generalemployability skills. technical skills, and occupation-specific skills.

35


City of Port St, Lucie, Florida

Students will have many opportunities to experience their chosen track in different levels ofdepth which can include but are not limited to; shadowing experiences, OJT (On the JobTraining), site visits and mentoring. Students will be encouraged to complete their requiredvolunteer service hours within their industry of interest in order to gain more exposu re. Theguidance department will assist with placement and bridging the gap and between the school andthe work force. The guidance department, as well as their teachers, will assist with resumewriting. building interview skills through mock interviewing, in addition to job searching, allwith the intent of securing employment upon graduation.

Additionally, experiential learning is an integral part of the educational program, and studentswill be exposed to many opportunities, including On the Job Training (OJT), internships and theculmination of each pathway experience: the Capstone Project. This multifaceted project willencourage students to demonstrate mastery in their chosen pathway through critical thinking.complex problem-solving, and development of skills (oral communication, research, teamworkand planning) that will help prepare them for college and careers (Great Schools Partnerships,2016). The Capstone project will be in conjunction with the last semester internship. TheAcademy's community service component will further expand these important skills and willhelp students grow into responsible citizens.

Students will receive career counseling and guidance as they progress through the year to allowtheir high school course to be tailored to suit their intended career pathways. In addition toproviding curriculum development for these career academies, the school administration will beencouraged to have long range plans for articulation agreements, vocational internships, andfuture job placements within the students' chosen career path.

The school will take full advantage of the partnership opportunities with the businessesestablished and future businesses in the Southern Groves Jobs Corridor. Through thesepartnerships, students will have excellent exposure to in-demand professions. As identified bythe St. Lucie County EDC Skills Gap Study (hop:.'%youredc.com ) businesses within the area havehad difficulty recruiting qualified applicants. Furthermore, the applicants that do apply tend tohave a lack of experience. and a lack of technical skills and competencies. Therefore. SomersetCareer Academy will be a beacon of light in our community and will address the economic needsof the community by providing a skilled and competent work force that has been exposed to theindustries noted in the EDC Skills Gap Study.

Instructional Design

In order to align the mission and vision to the Florida Standards and the Next GenerationSunshine State Standards SCAPSL has identified several innovative, research-based learningmethods that are inclusive, deliberate, and a monitored process that measures innovative goalsand practices within the School. All staff members will be provided with ongoing professionaldevelopment in these methods. In order to stay informed on current educational trends in Florida,SCAPSL administrators and teachers will also participate in a range of professional developmentactivities offered by the local school district (as permitted). through the Florida Charter SchoolConsortium and the Florida Alliance for Charter Schools. as well as those conducted by in-houseprofessionals or contracted service providers. Additionally. teachers will participate in school-

36



based professional learning community (PLC) meetings and grade level cohort meetings that willanalyze student performance results, develop lesson plans, and review instructional focuscalendars.

The school will implement the following best practices, which have been successful throughoutthe Somerset Network schools.

Standard-based instruction by certified teachers: Teachers will deliver instruction directlyaligned to the Florida standards and employ effective research-based strategies to maximizelearning. The school's master schedule will be reflective of the students' needs in regards to theintensive and remediation courses offered as well as the advanced courses. All core instructionand electives will be provided by teachers certified in the content area.

Common Methodology: Teachers will be trained and expected to use Common BoardConfiguration. Teachers will also use a school-based lesson plan template to reflectdifferentiation and strategies for low-level, at level, ELL and SWD students and enrichmentactivities for advanced learners.

Overall, all subjects and levels will be structured using the "I do, We do, You do" model. Thismodel allows students to be introduced to a concept while accessing prior-knowledge and thenapplying both the new information with the prior knowledge; thus allowing students to have adeeper understanding of the concept introduced. It also gives the teacher the ability to model theconcept effectively and address the needs of the higher level students as well as those studentsthat need extra support before allowing them to attack the problems on their own during theindependent time. The wrap up allows the teacher to formally and/or informally gauge thecomprehension of the students and implement remediation strategies if necessary to ensurestudents have a though understanding. This model is used cross-curricular so the differentsubjects can be supportive of one another. It is beneficial to the students as each subject isstructured with this model so the consistency allows for better use of time and effectivecomprehension.

Warm-upBell

Ringer

5 mins

OpeningReview

HW

10 mins

WrapUp

closing

5 mins

Differentiated Instruction (DI)_ Teachers will be expected to tailor the curriculm, classroomenvironment and practices to create diverse learning experiences based on student needs andlearning styles. DI strategies will include: Direct Instruction, Scaffolding. Cooperative Learning.Independent and Inquiry-Based Learning. Although differentiation can look different in everyclassroom based on teaching styles, the School will provide frequent PLC staff developmentallowing teachers to have common planning times, share best practices. learn new techniquesand and/or resources.

37



Guest Speakers - When appropriate to instruction, guest speakers will be brought in order topersonalize the topics discussed in the classroom. This opportunity to hear from a guest speakerbreaks down possible stereotypes and allows students to give value to others points of view.Bringing in guest speakers will also enhance the level of expertise the students are exposed toduring technical education instruction. The guest speakers will be solicited through thepartnerships forged with community businesses and will be expert in their field. This will be acentral part of the exploratory wheel courses.

Scaffolding - Teachers will identify the current developmental skills of individual students basedon assessments and provide support structures to help students move to the next level. As theyear progresses. the student becomes more adept at skills and at directing his or her learning.thus becoming more autonomous.

Cooperative Learning - Teachers will guide small-group learning to increase communicationand team-building skills. This is done based on grouping small teams of studentsheterogeneously according to ability, interest, background, etc.

Inquiry-Based Learning - Based on the scientific method, this student-centered strategy willrequire students to conduct investigations independent of the teacher. unless otherwise directedor guided through the process of discovery. Teachers will use this strategy in developing criticalthinking and problem-solving skills.

Information Processing Strategies - Teaching students "how to" process information is a keyfactor in teaching students how to strategically organize, store, retrieve, and apply informationpresented. Such strategies will include memorization, CRISS Strategies, (e.g. KWL, reciprocalteaching, graphic organizing, scaffolding, webbing, etc.)

Targeted Interventions The school will use RtI/MTSS framework as prevention-orientedapproach to linking assessment and instruction. Using real-time data from frequent assessmentresults, the school will provide the necessary individual. classroom and/or school-wideintervention programs which include: requiring students to attend specific targeted tutoringduring and after school; proving for supplemental intervention programs and support within therespective Reading, Math, Science classrooms through academic coaching, lesson modeling,computerized intervention programs and pull out services (as needed).

Student achievement, Performance Measures/Criterion & Assessments

The core curriculum classes in language arts, reading, math, science and social studies will alsofocus on project- based. experiential learning, and will be delivered in career pathways throughthe career courses. Learning that is connected to real-world work increases student success.Somerset Career Academy Port St. Lucie will prepare students to meet Florida Standards inELA, reading, mathematics, social studies, and science. All students will be assessed with theFlorida Statewide Assessment Program and the School's formative assessments. The main goalof instruction will be to develop students' understanding and knowledge of the standards. andconsequently. to be successful on all assessments and graduate from high school primarily careerready. and secondarily college ready. The integration of the curriculum (core and content

38



courses) will help provide a "revisiting' of concepts and the rigor necessary for academicsuccess.

The baseline student academic achievement levels for the school will be established usingmultiple measures of student's academic performance on the school and the Florida AssessmentProgram. as applicable. Some of the assessments to be utilized will include the following:

• Florida Comprehensive Assessment Test:• End of Course Exam results;• FCAT-Writing Test;• Other Standardized tests;• Other standards-based exams;• Baseline Benchmark assessments. as applicable;• Interim Assessments;• FAIR. as applicable: and• Portfolio assessments (whenever applicable).• SRI testing for Lexile levels

The baseline levels of academic achievement established during the first academic year will becompared to academic achievement levels in prior years, when data is available, in order toassess rates of prior academic progress and the baseline rates of academic progress for theSchool's students. Other than standardized test scores. other baseline data may include reportcard grades, attendance records. and behavioral records (including in school and out of schoolsuspensions as well as exemplary behavior). In the case of Special Education (SPED), IndividualEducation Plans (IEP) will be secured and the Individual ELL Student Plans will be obtained forEnglish language learners (ELL). This data will be made available to teachers who will assessprogress against the baseline data.

Baseline data will be also be utilized to determine the extent to which educational goals andperformance standards have been met. This method of goal setting and data collection will beutilized as a living and continuous improvement tool for our school and our students.

Being a member of the Somerset Academy Network of schools, Somerset Career Academy willbe fully accredited by AdvancEd (formerly known as the Southern Association of Colleges andSchools) from inception and is therefore committed to continuous improvement of all programsto better serve students from year to year. The School is committed to serving the needs of all itsstudents. regardless of level. learning style(s). and/or special needs; the goal remains that all ourstudents attain and demonstrate mastery of content. Teachers will utilize differentiatedinstruction. as well as other modes of instruction including, but not limited to peer tutoring,individual instruction, and group work. Additionally, the School will ensure that students withspecial needs. such as ESE and ELL students, are effectively served.

All students will be monitored to ensure they are making adequate progress. In this way. studentswho are struggling and/or below-level will be identified so that any problems can be effectivelyremediated. Teachers and other support staff will use data from all available assessments.including. but not limited to, state and district required assessments, to develop instruction that

39



meets the needs of all students so that each child can realize his or her highest potential.

School Culture/DisciplineThe school's approach to classroom management and student discipline is derived from itsoverall mission of inspiring all children to reach their full potential. The School's belief systemincludes:

Set high expectationsObjectiveMeaningful curriculumEffectiveResourceful and responsible life-long learnersStudents who achieve proficiency and beyondEvaluate continuously and use data to drive curriculumTeachers who are highly qualified

The governing board members of Somerset Academy, Inc. believe that the future of educationlies in partnerships between communities, parents, and educators and their commitment toprepare lifelong learners. Therefore, Somerset Academy, Inc. upholds an educational culturewhere academic excellence is respected and pursued and caring for others is intrinsic. The`neighborhood school paradigm' as mentioned in previous sections. makes everyone a valuedpart of the Somerset family. and a school environment is created where everyone feels welcomedwhen they are on a Somerset campus. This leads to students that excel, parents and communitymembers wanting to be involved in the process, and where everyone is committed to studentsand accountable for student results. These results are not only measured in academic gains butalso character building and appropriate behavior throughout the school day.

Students will be taught the school's values and beliefs along with character education throughoutthe school year. as a vehicle for reinforcing a sense of responsibility in their actions and deeds.molding them to be self-aware, caring, and responsible citizens. All stakeholders will reinforcestudent intellectual success as well as positive social development by actively participating infostering a discipline and structured learning environment. Character education will also beinfused across curriculum with extra focus in the socials study courses to foster values andvirtues of responsible world citizens focusing on respectable traits such as honesty,responsibility, kindness, respect, and cou rage. Based on these five principles, the teachers willvote on a student of the month and that student will be acknowledged and given a token/gift ofappreciation by the leadership team, such as the principal. Somerset Career Academy Port St.Lucie will be focused on rewarding positive and appropriate behavior, as well as providingcounseling and consequences for behavior that is not appropriate.

It is in students' best interest that parents and staff work together to ensure a happy. safe andproductive learning experience. The Somerset Academy family will promote this culture throughcommunication and upholding a common philosophy of high expectations for all, a commitmentto educational excellence, an expectation of parental involvement, and a collaborativeinfrastructure.

40



RtIB - The school will use the Response to Intervention for Behavior /Multi Tiered System ofSupports model (RtIB/MTSS) as the school-wide model in creating a safe and positive schoolclimate. RtIB/MTSS is a researched-based. problem solving process that provides a continuumof tiered interventions with increasing levels of intensity and duration to prevent inappropriatebehavior by means of teaching and reinforcing appropriate behavior.

♦ Tier I consist of school-wide behavioral policies (rules, routines, and physicalarrangements). which will be created by school staff and taught to students to preventinitial occurrences of problem behavior. Interventions may include: Increasing PositiveReinforcements. Safety, Alternative to Suspension Program (ASP) or Crisis PreventionPlanning, Positive Behavior Support (PBS).

♦ Tier II provides services for students whose behaviors require supplemental groupintervention matched to the function of the students' behavior. Interventions mayinvolve small group counseling sessions for specific topics such as anger management,problem-solving and conflict resolution, violence prevention, grief assertiveness,developmental issues and social skills; Alternatives to Suspension such as detention afterschool, Saturday school, etc.

♦ If a student is not meeting expectations after it is determined that Tier I core instruction+ Tier II supplemental interventions have been implemented with fidelity, the studentmay require intensive/Tier III interventions through the SST process. RtIB Tier IIIincreases the individual student's rate of progress through intensive individualizedinterventions derived from the results of the functional assessment of behavior (FAB),used to create the behavior intervention plan (BIP).

With the school's mission in mind of educating the whole child, this Problem-Solving approachis intended to assist and support each child, avoiding, whenever possible, the necessity forpunitive measures that will interrupt the integrity of the everyday academic or social setting ofeach student.

Supplemental Programs

With a core philosophy combining high expectations for both students and teachers. the schoolwill stress academic and character/social development. The school will provide students with arigorous curriculum, as well as an extra-curricular program of activities, including team sportsand a range of school clubs. Each student will have the opportunity to get involved and learnimportant skills such as sportsmanship. hard work, accountability, and teamwork. Students willalso have opportunities to compete both athletically and academically through athletic leaguesand various competitions.

Somerset Career Academy Port St. Lucie believes that physical activity as well as the experienceof working collaboratively and being part of a team is important in educating a 'well-rounded'student. Sports and other such club activities are an important part of a school's culture. Beinginvolved in an additional school activity/sport/club outside of the normal academic school dayencourages additional work habits and self-discipline skills that help students become moreresponsible and productive community members as well as have additional pride andcommitment to their school; creating commodity. Therefore, Somerset Career Academy Port St.Lucie will offer a robust selection of outdoor and indoor sports for students to become involved

41



with. At full build-out the campus will have a state-of-the art gymnasium so sports such asbasketball, volleyball, color guard and cheerleading may be offered. The campus will alsoincorporate a football/soccer field, baseball and softball fields, therefore Somerset CareerAcademy Port St Lucie will offer students the opportunity to be part of a football, soccer,baseball. and softball teams. Based on student interest, other sports will be added, which couldinclude lacrosse, dance teams, and wrestling. Equal opportunity will be given to both boys andgirls to play and excel in their chosen sport.

Students will be able to participate in school-wide productions such as the Holiday Show, aTalent show, End of Year Show. Career Day. Hispanic Heritage Show, Black History MonthShow, and Spring Show. Students will also benefit from Somerset Network's annual,interscholastic competitions such as Battle of the Books. Math Bowl. Somerset's Got Talent, andSomerset Spelling Bee.

Other Co-curricular and extra-curricular activities include: Student Council, Music Club, ArtClub, Spanish, National Junior Honor Society, Robotics Club, Environmental Club, Newspaperand/or Yearbook Team, Math Club, Science Club and Tech Club. Other activities and clubs willbe added based on student interest such as Chess Club, Boys in Blue (Male empowerment club),or Somerset Sisters (Female empowerment club). and Helping Hands (Community servegroups). Co-curricular activities will meet weekly; though, when preparing for a competition, orspecial event. it may require meeting more often to adequately prepare. The school will give allstudents an opportunity to participate in an array of sports that will be implemented based onstudent interest. The school programs will be reflective of the student population in regard tostudent and family interests.

Somerset Career Academy Port St Lucie recognizes that not all students learn the same way or atthe same pace. consequently at some point every student can use additional one-on-one/smallgroup attention to assist with his/her success. For that reason. the School will offer before andafter school tutoring as well as lunch time tutoring. Saturday Boot Camps is another tutoringmethod used to give students additional support in areas such as End of Course Exams (EOC)and Florida State Assessments (FSA). This additional coaching and time spent in small groupshelp students to not only review the material but helps in building the confidence needed to besuccessful on these state mandated tests. Tutoring such as the methods mentioned above will alsobe available for Somerset Career Academy Port St Lucie students that will be taking the industrycertifications exams. Furthermore, additional software supplements will be used for studentsupport for instance Reading Plus. Study Island. and My On. All programs that have been usedby other Somerset schools in the network that have proven successful for increasing studentlearning gains.

42



Organizational Plan

Somerset Academy. Inc.. a non-profit Florida corporation. is the legal entity that vs ill operate theSchool as per the :articles of Incorporation and Bylaws. Somerset Academe. Inc. is exempt fromfederal income tax as per the 501(cJ(3) tax-exempt status clctermination letter.

Legal Structure

Below is an organizational chart for the school and a narrative description of the chart. Clearlydescribed is the proposed reporting structure to the governing board and the relationship of theboard to the school's leader and administration.

Scholl DistrictAuthorize r'SpidFISOf

Somerset A ademy, Inc_

Cove riling Board of Directors

The thane r School

School Administration(Principal}

Faculty and Support Staff

The Somerset Academy. Inc. Governing Board is the ultimate policy-making body with theresponsibility of operation and oversight of the school including but not limited to academicdirection. curriculum. and budgetary functions. The school principal. hired by the board. will beresponsible for all aspects of school operations within the scope of operating policies andprocedures and budgetary functions as adopted and approved by the Governing Board. Theschool's faculty and staff will report directly to the principal. who shall report to the GoverningBoard.

The governing board of directors (the -Governing Board") will have the responsibility for theactivities and affairs of the corporation. including management of the school and for providingcontinuing oversight of school operations. All corporate powers and functions shall be exercisedby the Governing Board. The Governing Board is committed to the mission of the school and is

F

iooal Service oldSupport Prime r

43



cognizant of its responsibility to effectively and properly manage public funds.

The School's on-site administration (principal. an assistant principal and/or lead teacher) willensure that the operations of the School (resources. courses, policies) are in accordance with themission and vision of the School as adopted and approved by the Governing Board. Theadministrative staff. as instructional leaders. will make all school-based decisions. establishingand implementing procedures for the day-to-day operations of the School. The faculty andsecretarial staff will be responsible for carrying out these procedures in their daily activities andinteractions with students, parents and the community.

The policies and procedures by which the board will operate, including specific board memberpowers are specifically detailed in the attached Bylaws.

Below is a description of how the governing board will fulfill its responsibilities and obligations,including but not limited to:

o Adoption of the annual budgeto Continuing oversight over charter school operations

A brief overview of those policies and procedures is as follows:Board Member Powers: Subject to the limitations of the Florida not-for-profit corporation law,the corporation's Articles of Incorporation and Bylaws, the activities and affairs of thecorporation shall be conducted. and all corporate powers shall be exercised by or under thedirection of the Board. The Board shall have the following powers in addition to any otherpowers enumerated in the Bylaws and permitted by law

•

Select and remove all of the officers, agents and employees of the corporation and prescribepowers and duties for them which are not inconsistent with the law

• To conduct, manage and control the affairs and activities of the corporation• To borrow money and incur indebtedness for the purpose of the corporation•

To act as trustee under any trust incidental to the principal object of the corporation, andreceive, hold, administer, exchange and expend funds and property subject to such trust

•

To acquire by purchase, exchange, lease. gift, devise, bequest or otherwise. and to hold.improve, lease, sublease, mortgage, transfer in trust, encumber, convey or otherwisedispose of real and personal property

• To assume any obligations. and enter into any contracts or other instruments•

To form and be a member or shareholder of a not-for-profit entity organized under the law ofany state

• To carry out such duties as described in the Articles of Incorporation and Charter Contract

44



Board Member Duties: The Governing Board will perform the following duties, as well as anyand all other duties specified in Florida Statutes regarding Governing Boards of Charter Schoolsand any other duties specified in the Bylaws:

• Oversee operational policies; academic accountability, and financial accountability.• Annually adopt and maintain an operating budget.• Exercise continuing oversight over charter school operations.• Report its progress annually to its sponsor. which shall forward the report to the Commissioner

of Education at the same time as other annual school accountability reports.• Ensure that the charter school has retained the services of a certified public accountant for the

annual financial audit who shall submit the report to the governing body.• Review and approve the audit report, including audit findings and recommendations•

Report progress annually to its sponsor. including at least the following components (i.e.Charter School Annual Report):

a. Student achievement performance datab. Financial status of the School, including revenues and expenditures at a level ofdetail that allows for analysis of the ability to meet financial obligations and timelyrepayment of debt.c. Documentation of the facilities in current use and any planned facilities for use bythe charter school for instruction of students, administrative functions, or investmentpurposes.d. Descriptive information about the charter school's personnel. including salary andbenefit levels of charter school employees, the proportion of instructional personnelwho hold professional or temporary certificates, and the proportion of instructionalpersonnel teaching in-field or out-of-field.

Advisory BodiesSomerset Finance and Strategic Planning Committee: The Finance & Strategic PlanningCommittee serves as an advisory board to the Governing Board of Directors. They provide non-binding strateg ic advice and recommendations to the charter school board. The committeeconsists of the board members. president, vice-president, and principals, all of which areappointed by the board at a regularly posted public meeting. The committee reviews agendatopics such as facility/ project requests, budget forecasting, special projects, guidance toprincipals, network growth, future facility reviews. etc. All meetings are open to the public andoperate in the Sunshine.

As Somerset understands the desire and drive of the City to ensure the success of this Academy.and to have input and receive updates. it is the intent of the School to work with the City todevelop some sort of Advisory Committee to serve on behalf of the City. regarding pertinentSchool related issues. Somerset would solicit input from City officials on what this committeemight looks like and the powers or limitations of such committee.

45



Board Members

The following is a list of the members of the school's governing board and a brief description oftheir backgrounds, skills, and experience highlighting their proposed contribution in servicing asa governing board member.

SOMERSET ACADEM1 , INC. BOARD MEMBERS

Lourdes Isla-Marrero - Director / Board ChairMs. Lourdes Isla-Marrero is an accomplished educator with over 15 years of experience in thefield of education and charter school administration. Ms. Isla-Marrero is currently the principalof Mater Gardens Academy Elementary and Middle Charter Schools, both A+ charter schools inMiami-Dade County. The school was honored with the distinction of being recognized as one ofthe countries outstanding public schools by the U.S. Department of Education and awardeddesignation as a National Blue Ribbon School.Ms. Isla-Marrero provides school administration,charter operations and budgeting and education expertise.

Todd German - Director / Vice-Chair/TreasurerMr. German is an Investment Advisor and partner in Keys Wealth Management, a privateinvestment management firm. Has served as senior officer for a number of local financialinstitutions. Most recently. in addition to serving as board member and Treasurer of the Somersetboard. Todd is the President of the Key West Collegiate School. Chairman of Hometown PAC,and member of the Key West Citizen Editorial Board.

His past volunteer time was spent as the President of the Key West Business Guild, Vice Chairof the Community Foundation, President of the Montessori Charter Elementary School. Chair ofthe Key West Citizen's Review Board. and former President of the Key West Botanical GardenSociety.

Todd is a graduate of Leadership--Monroe County, the Key West Ambassador Programand the Key West Citizen's Police Academy. He holds memberships in all the associationspromoting business in Key West--the Attractions. Lodging. Innkeeper's and Realtor'sAssociations. Mr. German brings financial, real estate and charter school governance experience.

Ana Diaz, M.S. Elementary Ed. - Director / SecretaryMs. Diaz has been in the field of education for over fifteen years. She earned her Master'sDegree in Elementary Education from the University of Florida and began her career as a teacherin the Miami-Dade County Public School System. Ms. Diaz continued her studies at NovaSoutheastern University where she completed her certification in Educational Leadership. In thefall of 2005, Ms. Diaz began working with Charter Schools and she serves as the Principal ofPinecrest Preparatory Academy Charter School. In addition to supervising the daily schooloperations, her areas of expertise include curriculum planning. program evaluation, data analysis.assessment design and professional development. Since her election to the board in 2013, Ms.Diaz has effectively provided oversight and support in her areas of expertise for several of theSomerset schools.

46



Jenny Esquijarosa - Director / Parent RepresentativeMs. Esquijaosa has been with the Somerset Board since 2014. She coordinates marketing,promotional and public relations programs for the live entertainment division, including anexclusive concert series for the Florida Marlins. Her background in event planning andmarketing makes her a valuable asset to the Somerset Board. Additionally, Ms. Esquijarosa is acharter school parent. having served on the Pinecrest Academy Charter School Board.

David Concepcion - DirectorMr. Concepcion has been a part of the Charter School movement. originally serving as BoardMember and Chairman of Mater Academy Charter Schools from 2003-2006, and later joiningthe Somerset Academy Charter Schools as an Executive Board Member since 2006. Davidworked as the Chief Legislative Aide with the Florida House of Representatives. Mayor's Chiefof Staff and City Clerk in the City of Hialeah, FL, Mr. Concepcion has experience in the areas ofbill-drafting, presentation of legislation, implementation of legislation among governmentalagencies, fundraising, governmental relations, and municipal management. Mr. Concepcionworks directly with local constituency and serves as a liaison to the community with the media,state, federal and local agencies. Mr. Concepcion attended the University of Florida, where heobtained a Bachelor of Arts Degree in Political Science with a specialization in InternationalRelations and Latin American Studies.

Dr. Bernard Kimmel- DirectorDr. Kimmel is a physician and former politician in the state of Florida. Kimmel was born inHighland Park. Michigan. He attended public school in Royal Oak Michigan, graduating highschool in 1944. He served in the United States Navy (1944-46) during World War II in thePacific Theater. He attended Ohio Wesleyan University and the University of Michigan where heearned a M.D. Degree in Medicine.

Dr. Kimmel has been on staff over years of St. Mary's Hospital, Good Samaritan Hospital. JohnF. Kennedy Hospital. Doctor's Hospital, Pine Ridge Hospital. A few of the positions he has heldand accolades received include: President of Palm Beach County Medical Society 1972/1973:President of Family Practice Academy State of Florida 1980/1981: Family Practitioner of theYear, State of Florida 1985: Member Palm Beach County School Board 1972/1980 Chairman 2years; Member Florida House of Representatives 1980/1982 and 1984/1986; Member PalmBeach Community College Board 1986/1990; Team Physician Forest Hill High School1957/1 985 Retired 1997; President of Board of JFK Charter School 2008/2016

Louis J. Marin - DirectorMr. Marin is the Compliance Officer at Generations Federal Credit Union responsible formonitoring both Federal and State laws and regulations applicable to Credit Union operationsadministering loss prevention programs. managing security, vendor management programs andrisk management processes. In addition. he serves as the Security Officer for the $400 million,48,000-member credit union. He serves on several volunteer committees and is a certified SportsOfficial in basketball, soccer. football and softball. Mr. Marin brings to the board his finance andfiscal management expertise.

47



Brian Matthew Cox- DirectorMr. Cox is a Practice Builder at Kimley-Horn whose focus is land development. He began hiscareer with Kimley-Horn in Charlotte. NC and moved to San Antonio in March 2014. Withmore than 15 years of experience, Matt provides a full range of relevant civil engineeringexperience around his practice in the City of San Antonio. His technical experience includesstormwater management system design, utility design, site planning, grading and drainage,permitting, and plan production.

Mr. Cox currently serves on the local school board for Brooks Academy charter schools, with itsflagship K-12 campus on Brooks City Base and a second K-10 campus, Brooks CollegiateAcademy (BCA). Brooks Academy also has two other San Antonio area elementary schools.His daughter currently attends BCA.

Prospective Board Members

Since the Governing Board is an existing entity and has already been established, the GoverningBoard will recruit members as vacancies arise. and will endeavor to fill these vacancies withthose who will commit to forward the mission of the School. Board members will agree tooversee the operational policies and ensure academic accountability and financial accountabilityof the School as well as participate in charter school governance training and successfullyundergo a background check by the Sponsor, as specified by law.

Governing board recruitment is a priority to ensure the continuing sustainability of theorganization. In order to fill a vacancy, the board shall announce the vacancy to the public,including Somerset's parents, teachers, and schools, and invite applications from qualifiedpersons all as described by the board. Board members are encouraged to solicit applications fromqualified persons. The Chairman. or another Board member approved by the Board, shallconduct an initial review and evaluation of all applications based on their skills, background, andalignment with the vision and mission of the school. Essential characteristics used in evaluatingpotential new board members is summarized as follows:

A member of the Somerset Academy, Inc. ("Board") shall have a firm belief inthe "Neighborhood School" Philosophy (Somerset schools share a commonphilosophy of student expectations, a unique code of excellence, an expectation ofparental commitment, and collaborative management infrastructure derived fromthe inception of its first school, Somerset Neighborhood.) delivery format andshall be committed to using the curriculum as approved by the board. Members ofthe Board ("Directors") shall be fully committed to the charter school concept.The purpose of the Board is to set the general direction and policy of the school,not to manage it on a daily basis. Directors shall be able to govern in a manner toensure adherence to the Somerset Academy. Inc. vision and mission statements.Furthermore, directors shall foster positive relationships with school personnel,the school community. and community at large, oversee the financial stability ofSomerset Academy, Inc.. and deal with school related issues as prescribed in thebylaws.

48



Qualifications

• Have knowledge and agree with the principle that the "Neighborhood School" Philosophyhelps the student retains information longer and with greater clarity.

• Commit to making governance decision in alignment with the Somerset mission and vision.• Understand the curriculum that has been approved by the board.• Be in agreement with the educational philosophy, discipline policy. and administrative

structure• Have the aptitude and readiness to contend with ethics, principles, and long-term strategic

planning.• Disposition to delegate and share decision making with respect for all members of the board.

Prior board experience is helpful but not required. Placing a high value on professionalism andthe success of the school is mandatory. Motivation for serving on the board shall be to facilitatethe educational success of students. Directors shall fulfill their board and committeeresponsibilities to their fullest capability. All directors should remember that being a publicrelations representative is one of their key roles.

Selection: Directors shall be elected at a duly organized meeting of the Governing Board. Noticeof the Governing Board's intentions to elect any such Director shall be included in the agenda forthat meeting and publicly announced in accordance with Sunshine Law requirements. Newlycreated directorships resulting from an increase in the number of directors comprising the boardand all vacancies occurring on the board for any reason shall be filled by the majority of themembers in office at a duly organized meeting of the Governing Board. A member elected to tilla newly created directorship. or a vacancy will serve until a successor is elected. Newly electedmembers will agree to support the founding organization ' s vision in order to maintain continuitybetween the founders and the subsequent board members.

Management and Staffing Plan, Including Recruitment Plan

Management Plan

The management structure for the school's day-to-day operations will be as follows:The Governing Board will hire and oversee the school principal. The Principal, as theinstructional leader, will be responsible for all aspects of day-to-day administration of the schoolwithin the scope of the board's operating policy and in compliance with district, state, and federalguidelines for the school's operation. The Principal will hire. oversee, and evaluate faculty andstaff. The principal will make all school-based decisions. establishing and implementingprocedures for the day-to-day operations of the school including procedures for curriculum andinstruction, classroom management, discipline, faculty and staff evaluation, data analysis, testing,support services, parental communication, professional development. discipline, communityoutreach. oversight of facilities and internal financial controls, etc. The principal will report to theboard on the school's operations and finances at minimum at every governing board meeting andwill be expected to communicate with the board as often as needed by the School and/or boardmembers in order for school's operational needs to be met.

49



The administration will implement policies and procedures for the daily operations of the school.The principal will delegate duties to administrative support staff to ensure that daily operations,resources, policies and procedures are being implemented in accordance with the school's mission.Faculty and staff will be responsible for carrying out these procedures in their day-to-day duties.activities, and interactions with students, teachers, and parents of the school.

The Board will contract with Academica, an Educational Services and Support Provider, to provideoff-site support to the school. The support services to be provided are central office functionsincluding but not limited to: assistance with facilities design and maintenance, staffingrecommendations and human resource coordination, curriculum support, research and updating.sponsor relations and reporting. program marketing. general accounting services includingbookkeeping, payables, asset management. budget preparation, risk management. cash flowanalysis. and preparation of financial statements provided to the Governing Board for oversightand approval.

A Sample ESP agreement may be provided upon request by the City.

Staffing Plan- See Staffing Plan Tab in Budget

Recruitment

The School will ensure that faculty members are certified. highly qualified professionalpersonnel.Accordingly, the School will:

• Recruit teachers through the State-sponsored, Department of Education, Teach in Floridawebsite, and through teachers-teachers.com

• Coordinate efforts to partner with postsecondary educational institutions to serve as hostschool for interns whenever possible, continuing the already existing partnership with theEducation Department at IRSC, and

• Organize other efforts to attract in-field experts to serve as teachers in the variousdisciplines that require higher levels of academic content delivery

Recruitment efforts will also include advertisements in local newspapers and on the school'swebsite, presentations and fliers at local universities. school job fairs, and via word ofmouth. Considerable effort will be taken during interviews to hire the most qualified candidatesthat cumulatively represent the diverse racial/ethnic background of the local community andcounty that we serve.

50



Selection Process

The school will look for candidates who demonstrate the following qualifications: Bachelor'sDegree or higher in field; State Certification for the required position; excellent presentation andinterpersonal skills; satisfactory recommendation and/or evaluations from previous employer;knowledge of, and belief in the school's mission; an ability and motivation to work as part of ateam in a small-school setting with parental involvement, and references/letters ofrecommendation.

Hiring Process

The Principal, once hired, will recruit teachers and may appoint a committee to screen highly-qualified and certified teachers. This committee develops an interview questionnaire for specificpositions, conducts initial screening interviews and makes recommendations to the principal. Theprincipal reviews recommendations, conducts final interview, and makes all final hiringdecisions within the scope of the budget, as approved by the Governing Board.The school will not employ an individual to provide instructional services if the individual'scertificate or license as an educator is suspended or revoked by this or any other state. The schoolagrees to fingerprint all employees as required by Section 1012.32, F.S., all employees agree tobackground checks, and drug-screening. The School will adhere to the antidiscriminationprovisions of s. 1000.05, Florida Statutes. Furthermore, the school will not discriminate based onactual or perceived disability, gender, nationality, race or ethnicity. religion, sexual orientation inthe hiring of its employees.

Staff Professional Development Plan

In setting high expectations for both students and teachers, the School will be committed tomaintaining the level of high-quality instructors by implementing a comprehensive professionaldevelopment plan. The school will support the professional development needs of allprofessional staff by subsidizing college classes, facilitating the attainment of continuingeducation credits. and offering trainings.

The principal of the School will appoint a PD Liaison to lead the Professional DevelopmentTeam (PDT), which will consist of: the PD Liaison, an AP (or principal), and team leaders ordepartment heads, all who share the responsibilities for researching, developing and providingprofessional learning opportunities for the teachers at the School. The team will also survey theteachers to ensure that their needs are met in order to enhance their trade.

Teachers will be able to take advantage of in-service opportunities on a continuous basisthroughout the year offered by textbook and curriculum companies. on-line, through webinars,and virtual trainings, as well as through training offered by St. Lucie District Schools that mightbe opened to charter employees. the DOE. and partnering universities. On site PDT (ProfessionalDevelopment Team) staff will train peers in the key curricular areas in order to facilitate ongoingprofessional development. as well as technical training and support. The school improvementteam shall work with the School Advisory Council to examine and continually improve thequality of the academic programs. All English teachers will be trained in their curriculum. All

51



teachers with para-professionals or interns in the classroom will go to a training on how toproperly utilize the paras or interns, and para-professionals will be trained on how to mostsignificantly impact learning in a classroom. This training will be organized through a supportnetwork of schools and the Florida Consortium of Charter Schools. Further, all Somerset schoolsroutinely provide trainings to teachers of sister schools. as need. and based on strengths.

The core components of the professional development plan include creating and meeting goalsfor each of the following areas:

- Core academic areas: Including. but not limited to: Standards alignment. Assessment/datachats. Planning. Best instructional practices. Technology integration

-Financial literacy-Safety-Technology-Exceptional Student Education-ESOL-Observation tools-School discipline plan-Guidance and student support procedures

These areas are outlined for new administrators by the Somerset District leadership. and are to beaddressed at the beginning of each school year with ample opportunities for follow-upthroughout the year. The PDT will support the faculty and staff by leading and directingprofessional learning on-site, while documenting all on-site activities.

In addition to the professional development plan for the Somerset District and the School'sprojected plan, teachers and staff will also have the opportunity to take advantage of anyadditional courses and resources offered by the Sponsor in order to provide teachers with themost appropriate courses for their needs. and in order to assist educators in receiving therequisite number of in-service points needed for recertification. These may include but are notlimited to: state mandated coursework in exceptional student education; specific endorsementssuch as reading, gifted or ESOL; and the like.

The professional learning opportunities provided at the School site are meant to be those whichare beneficial to the entire faculty and staff, and are thus chosen as such by the PDT.Professional staff may also be able to procure additional learning opportunities through thesubsidizing of college classes and facilitating the attainment of continuing education credits. inaddition to those afforded by the Sponsor.

The effectiveness of the School's professional development plan will be assessed utilizing boththe evaluation system within the eLearning platform, administrative observation of PDstrategies/skills being implemented. analysis or measurable student outcomes, and the end ofyear climate surveys submitted by the staff. The results of these systems will be evaluated by themembers of the PDT and used to project learning objectives for the following school year.

52



Prior to school opening, there are two phases of teacher preparation, one addressing the entirefaculty and staff and the other addressing the unique needs of new teachers, and those new toSomerset.

Each month. teachers participate in school-wide meeting to plan for professional developmentgoals set for the school year. In order for all educators to collaborate, interact and share bestpractices. an alternating schedule is created so that various departments and/or grade levels canparticipate in the meetings. Having the opportunity to examine and reflect upon each others'standard-based instruction through cross-curricular collaboration is extremely beneficial forprofessional growth not only for an individual educator, but as a school. The meetings are pre-setfrom the beginning of the year in order to avoid scheduling conflicts.

Vertical Planning: Vertical planning affords our school the opportunity to close grade-levelgaps, promote collaboration and open a forum for curriculum discussions. The unique setting ofthe School and the dedication to this type of planning will allow for students to seamlesslytransition from one grade to the next.

Department meetings: On a bi-weekly basis. department heads gather and meet with theirteachers to discuss a plethora of topics ranging from curriculum, lesson plans. school issues. etc.A set schedule is established at the beginning of the year.

The School wishes to provide the best benefits and employee services possible. Our experiencehas shown that when employees deal openly and directly with supervisors, the work environmentcan be excellent. communications can be clear. and attitudes can be positive. We believe that theSchool will amply demonstrate their commitment to employees by responding effectively toemployee concerns. The school's plan for professional development also serves to enhance eachemployee's experience at the school. The school offers teachers and staff opportunities forgrowth and advancement through participation in an Aspiring Assistant Principal andAspiring Principal program.

Educational Assistance/Tuition Reimbursement: The educational assistance programencourages personal development through formal education so that employees can maintain andimprove job-related skills or enhance their ability to compete for reasonably attainable jobswithin the School.

Support for Beginning and Struggling Teachers: Observation of new and struggling teachersby veteran teachers and support strategies will be implemented as applicable.

Recruitment Plan

Somerset's plan for student recruitment involves a wide array of media and materials to promotethe school to ensure that the school reaches the widest possible audience including. but notlimited to: harder-to-reach families, including families living in poverty, academically low-achieving students, students with disabilities and ELL students.

53



Promotional flyers and/or brochures will be distributed via direct mail as well as to communitygroups and churches to ensure that harder-to-reach families are aware of the school and theireligibility to apply for enrollment. Along with the school leader, the school will identify staffmembers that will focus on community outreach.

Digital and social media marketing/advertising will be used in order to reach out to a broadaudience through ads which direct parents to click on the school's website. Examples of socialand digital marketing/ads include: ads on Facebook, ads on Pandora. sponsored ads onInstagram, Google ads, etc. The school commits to using Social Media accounts as a means topromote the school and inform the community of the school's opening. The school will tailor itssocial media strategies to target a diverse audience including: feeder schools, child-care centers.local businesses, and community organizations.

The School will distribute press releases and/or public service announcements to various mediaoutlets to promote the open enrollment period, open house and other essential details about theschool and its programs. In order to best reach out to the City's growing diverse population,informational materials will be available in multiple languages, as needed.

A banner will also be posted on site with relevant information, including the school's websiteinformation. Somerset will host informational meetings either on the school site or a nearbylocation, which would be accessible to all interested in attending the school. These events wouldbe promoted in the same manner as listed above. During the informational meetings. which willbe held at various times during the day and evening in order to give parents options, the schoolwill highlight its program and how it will serve all students.

Local elected officials and community leaders will be invited to visit the School. They will alsobe given an updated on the program's growth and asked to share open enrollment informationwith their constituents through their newsletter and upcoming community meetings.

The school aims to serve a diverse student population. Somerset will ensure that the schoolplaces an emphasis on recruiting a diverse population through its marketing activities. Targetedrecruitment activities to underrepresented populations include but are not limited to:

• Partner with minority-serving institutions in the area to assist with recruitment.• Create a diverse recruitment team.• Personalize recruitment; call applicants and follow up personally.• Provide opportunities for potential families to get a sense of the school environment

through tours and open houses.

As a charter school. our marketing campaign, alongside the lack of zoning boundaries, allows fora more diverse student population. The School will make great efforts to reach families reflectiveof the demographic of the community it serves and of the traditional public schools insurrounding areas. The school will hold open houses highlighting the different career trackswhich would allow students to ask questions about the different academies and tracks. The openhouses will provide families of the community a look at a typical school day, mission vision ofthe school. along with information on the difference career academy tracks.

54



Enrollment Plan

In accordance with federal and state anti-discrimination laws and in accordance with the FloridaEducational Equity Act, Section 1000.05(2)(a), the School will not discriminate on the basis ofrace, ethnicity. national origin. gender, or disability against a student in its school admissionprocess. An open admissions policy will be implemented wherein the School will be open to anystudent. as described in F.S.§ 1002.33(10), who submits an application (prior to the posteddeadline) shall be considered, unless the number of applications exceeds the capacity of theprogram, class, grade level, or building. In such case, all applicants shall have an equal chance ofbeing admitted through a random selection/lottery process. If the number of applications fallsshort of the established capacity, supplemental registration periods may be held for the purposeof reaching student capacity.

n Enrollment Preference: As stated in Florida Statues 1002.33 (10) (d) Somerset CareerAcademy may give enrollment preference to the following student populations:

n Students who are siblings of a student enrolled in the charter school.n Students who are the children of a member of the governing board of the charter school.n Students who are the children of an employee of the charter school.n Students who are the children of:n An employee of the business partner of a charter school-in-the-workplace established

under paragraph (15)(b) or a resident of the municipality in which such charter school islocated; or

n A resident or employee of a municipality that operates a charter school-in-a-municipalitypursuant to paragraph (15)(c) or allows a charter school to use a school facility or portionof land provided by the municipality for the operation of the charter school.

n Enrollment Limitation -In accordance to 1002.33(10)(e), F.S. the School may limit theenrollment process to target the following student populations:

n Students residing within a reasonable distance of the charter school, as described in

paragraph (20)(c). Such students shall be subject to a random lottery and to the

racial/ethnic balance provisions described in subparagraph (7)(a)8. or any federal

provisions that require a school to achieve a racial/ethnic balance reflective of the

community it serves or within the racial/ethnic range of other public schools in the same

school district.

n Students who meet reasonable academic. artistic, or other eligibility standards established

by the charter school and included in the charter school application and charter or. in the

case of existing charter schools. standards that are consistent with the school's mission

and purpose. Such standards shall be in accordance with current state law and practice in

public schools and may not discriminate against otherwise qualified individuals.

n Students articulating from one charter school to another pursuant to an articulation

agreement between the charter schools that has been approved by the sponsor.

55



Community Involvement

The school intends to do the following to ensure the engagement of the community:

• Develop positive relationships with students, parents, teachers and community• Promote/market the school and its priorities to the community (hosting Q&A sessions open tothe public)• Establish processes and methods to respond to valid community requirements• Interact with government and service agencies relative to student welfare and educationalprograms• Establish processes to determine community needs and level of satisfaction• Educate the students on the needs of their community and brainstorm solutions• Provide leadership support for community involvement programs and business partnerships atthe school level• Host Business Day where community business partners come and share their success storieswith the students, motivating them to keep pushing and working hard• Direct and develop the recruitment of Business Partners to benefit the school and community• Develop activities with business partners that promote student achievement• Community Service Projects - students, faculty and parents will participate in activities to help,give back to, and connect with, the community.• Develop a partnership with the city that allows students to internship at their different facilities/departments

Parent Involvement

The school intends to do the following to ensure the engagement of the parents:

• Facilitate a program of family• Develop positive relationships with students. parents and teachers• Establish processes and methods to respond to valid parent requirements• Establish processes to determine parent needs and level of satisfaction• Establish guidelines for desirable student conduct and follow suspension and dismissal policiesand procedures• Take appropriate reporting and/or referral action whenever abuse situations are recognized• Host Parent University nights wherein parents may come to be educated on school programs,processes and how to better help their students at home• Quarterly Parent/Teacher Conferences - hosted in the evenings at the School where parents candiscuss topics that affect their children's educational progress.• Open houses, Family Day - events held to recruit new students. maintain communication andinvolvement between the School and the surrounding community.• School Website, Newsletters, and Event Calendar - updated regularly to disseminateinformation and maintain open lines of communication in the community.• Parent Club- dedicated to work in partnership with the families, faculty, and community toprovide resources for the school through fundraising and volunteering. The club strives tosupport students in an academic environment that encourages character building.• Parent Phone calls/Text Blasts - to broadcast messages pertinent to the families (these

56



calls/Texts may include upcoming testing info reminders, emergency updates, and/or scheduledearly release reminders)• Community Service Projects - students, faculty and parents will participate in activities to help,give back to, and connect with, the community.• Assist families with parenting skills, family support, understanding child and adolescentdevelopment and setting home conditions to support learning at each age and grade level.

57



Business Plan

Facilities and Parking

The Somerset Career Academy campus in Port St Lucie will be located on approximately 40-acres within the Southern Grove section of land, between Village Parkway to the west and the I-95 corridor to the east. The campus will be composed of several buildings and ancillary facilitiesthat will be built over several phases.

The proposed buildings will be located towards the eastern half of the property and organizedaround a retention pond that will also serve as the central organizing landmark of the site. Thepond will also provide a significant amount of on-site vehicular queuing for arrival and dismissalfunctions. Parking areas will be zoned for use by staff and visitors. The site will have, atminimum, a total of approximately 200 parking spaces. Ancillary uses such as the sports fieldsmay require additional parking areas for special events.

At full build-out, there will be facilities totaling approximately 105,000 square feet. The build-out of the space will be done in phases to match the student growth. The program will includeadministrative uses, instructional spaces, common areas. food service and dining facilities.outdoor and indoor recreational facilities and unique spaces dedicated to fostering the academicmission and curriculum of the Career Academy. These spaces will house program focused onthe various career strands offered by the Academy, such as manufacturing and construction, foodservice and retail, health care, first-responders and childcare. ._-

This unique program will be housed in a series of academic buildings organized about a centralcommon area. The campus will operate much like an academic village, a collection of buildingsand spaces sharing common spaces while retaining the individual character of each career strand.

In addition to the academic facilities proposed. the campus will include a robust offering ofoutdoor and indoor athletic amenities such as a state-of-the art gymnasium. a football / soccerfield, baseball and softball fields and general areas for physical education activities.

Action Plan

In accordance with 1002.33(18)(a)(b) F.S., the School facility complies with the Florida BuildingCode pursuant to chapter 553, with the exception of State Requirements for EducationalFacilities. the exception of SREF. The school's facility also complies with the Florida FirePrevention Code, pursuant to Section 633.208, F.S.

The Education Service Provider has extensive experience in identifying facilities and facilities.developers, and has successfully assisted other charter school applicants in securing state-of-the-art charter school campuses. The ESP works with reputable and experienced charter propertydevelopers, who have access to a network of financial institutions ready to commit the necessarycapital for build-to-lease facilities. The developers have also demonstrated abilities in securingthe necessary local governmental approvals for charter school purposes and required financing.They have relationships with award-winning design and engineering firms, as well as contractors

58



with a track record of timely completion of excellent facilities meeting the needs of the School.

Safety, Permitting, and Inspections - The facility meets all requirements for educationalfacilities in accordance with 1002.33(18)(a)(b) - the Florida Building Code pursuant to chapter553, with the exception of SREF. The facility meets all such requirements for educationfacilities, including but not limited to. restrooms, fire safety, campus security, air quality control,weather proofing, etc.

The School will participate in the Sponsor's annual site compliance visits for the purpose ofreviewing and documenting, as appropriate, compliance with applicable health and safetyrequirements. Other inspection agencies may include inspections of kitchens and related spacesas well as Department of Labor and Employment to for OSHA compliance. The School willshow proof of the annual inspections prior to the first day of operations.

Facility/Program Alignment

The facility will be constructed with the adequate number of classrooms designed to meet orexceed all pertinent classroom design standards set forth by the governing agency to meet Stateof Florida requirements for class sizes for the grade levels served. The program will includeadministrative uses, instructional spaces, common areas. food service and dining facilities,outdoor and indoor recreational facilities and unique spaces dedicated to fostering the academicmission and curriculum of the Career Academy. There will be multipurpose classrooms in orderfacilitate real world scenarios for students in the different career academies.

The design of the facilities will adhere to all applicable laws and codes and will be built to thestandards found in the Florida Building and Fire Prevention codes, as well as the FloridaAdministrative Code and the State Requirements for Educational Facilities (SREF).

Adherence to SREF will include standards found in the Size of Space and Occupancy tables(SREF Chapter 6), as well as the safe school design principles set forth by the Office ofEducational Facilities. Safe school design standards will include adherence to principles ofCEPTED (Crime Prevention Thru Environmental Design). These standards are aimed atproviding a safe and secure learning environment and will include access control for the campusand individual buildings; natural and electronic surveillance; secure courtyards and amplesecurity lighting for both interior and exterior spaces.

Back-up Facilities Plan

The back-up facility plan is to delay opening of the school. The educational program requires thefacilities to ensure the proper instruction of the curriculum.

1

59



Transportation

The School's plan for transportation, including any plans for contracting services, will bepursuant to Florida's Charter School Legislation and consistent with the requirements subpartI.E. of Chapter 1006 and 1012.45, F.S. The School transportation plan will abide by applicabledistrict, state, and federal rules and regulations. Accordingly, the School will ensurethat transportation is not a barrier to equal access within a reasonable distance of the School, asrequired and defined by section 1002.33. F.S.

Somerset Career Academy Port St Lucie will be a community/City-based school and as acommunity-based school it is expected that parents will provide the majority of studentswith transportation. The school will facilitate this assumption by working with parents toencourage car-pooling and alternate means of transportation. However. SCAPSL will includea transportation survey with its registration materials to determine the number of childrenrequiring school bus transportation.

SCAPSL commits to purchase/own/operate/maintain 72 passenger school buses in thequantity dictated by need as reflected in the transportation survey. SCAPSL will providefree transportation to City of PSL student residents outside of a two mile radius, extendingto the incorporated city limits.If there are remaining available seats in the school after the enrollment preference period,those seats will be opened to students outside of the City Limits. A transportation needsanalysis will be completed or students residing outside of PSL and the school will ensurethat transportation will not be a barrier to equal access. The other two Somerset schools inPSL provide transportation to students residing in Fort Pierce and are willing to partnerwith this new school to ensure access.

The School's plan for providing reasonable and equitable transportation opportunities for allstudents is as follows:

Parent Transportation Agreements: The School's plans for contracting services, as describedin Florida law. §1002.33(20)(c ) F.S., provides that the governing body of the charter school mayprovide transportation through an agreement or contract with a private provider or with parents.The School will enter into agreements with the parents/guardians to provide transportation for theirchildren as stipulated in the school's proposed parental involvement agreements wherein parentsreceive volunteer hours. The school believes that the time a parent can spend daily transportingthe student (his or her child) to the school is a valuable opportunity for the parent and student tostrengthen their bond and share information regarding the day's activities and events at theschool.

Ensuring Equal Access: The school will ensure that transportation is not a barrier to equalaccess within a reasonable distance of the School. as provided in the Florida's Charter SchoolLegislation. In the case transportation is needed and if the parent advises the School that there isa hardship. and he/she is unable to provide the transportation, the School willprovide transportation within a defined reasonable distance. In such cases. the School shall beresponsible for transporting all students in a non-discriminatory manner to and from the School

60



who reside within a "reasonable distance" of the School --defined herein as two mile radius tocity limits of the School-- or who otherwise are entitled to transportation by law.

Transportation for ESE Students: The School will meet transportation requirements asdictated by Individual Education Plans, providing specialized transportation for students withdisabilities based on their particular student needs and that which may be specified in a student'sIEP.

Private Providers: Any private providers contracted by the School will be such providers whohave been approved by the State. The School will comply with all applicable requirements ofFla. Stat. 1012.45 and review these rules and statutes at least annually for any changes thereto inensuring compliance with statutes and rules pertaining to the safety of transported students. TheSchool will provide the Sponsor with the names and contact information of any and allcontracted private providers in ensuring monitoring of compliance for the safe transporting ofstudents, upon request by the Sponsor.

f ' l The term "reasonable distance" (2-4 mile radius) is defined in accordance with Chapters 1000through 1013, Florida Statutes, as amended from time to time and the standards and guidelinesprovided by the State Department of Education. However, the school will providetransportation City wide, as needed.

Food Services

The School will explore the three food service options below:

Option 1:

The School may contract with the school district (if allowed) as a preference for food service tothe school. The existing Somerset schools in PSL currently maintain such contracts with theSponsor for food service. We would like to extend this contract to the SCAPSL for the firstbuilding phase of the new facility.

Option 2:

In the unlikely event a reasonable contract cannot be negotiated with the District. the Schoolwould look to a private provider for food services. The school would create an RFP forpotential food service providers and the board would make the final decision on the vendor. TheSchool may contract with an independent provider to prepare and provide meals, or the schoolmay prepare and serve the meals to students. If an independent provider is required. the schoolwill solicit bids from private vendors for food service. The private vendor selected by the schoolwill prepare and deliver food to the school in accordance with standards established by theFlorida Department of Professional and Business Regulations. The private vendor will berequired to maintain and supply the school with daily records of all lunches served and currentcopies of inspection and insurance certificates.

61



Option 3:

Phase 2 of the new facility will include a cafeteria and fully functional kitchen. Once Phase 2 ofthe facility has been completed, Somerset Academy Inc. is an approved Sponsor of the NationalSchool Lunch Program (NSLP) and therefore the School may choose to participate in thefree/reduced priced meal program. The School may be an approved site under SomersetAcademy, Inc.'s NSLP Sponsorship and would provide free and reduced priced meals foreligible children. Eligible children are children from households with gross incomes within thefree and reduced limits on the Federal Income Guidelines.

Schools have a Verification Plan that is implemented each school year. During the verificationperiod, the confirmations of eligibility for free and reduced priced meal benefits under theNational School Lunch Program are completed. Verification includes income documentation orconfirmation that the child is included in a currently certified Temporary Assistance to NeedyFamilies (TANF) assistance unit, SNAP, or Food Distribution Program on Indian Reservation(FDPIR). Verification efforts are not required for students who have been directly certified,homeless certified, and migrant certified or designated as a runaway youth. Directlycertified students, migrant children. homeless and runaway youth are granted automaticeligibility for free meal benefits.

An organized meal service that meets local health, state and federal regulations will be offered atthe school site. Nutritious meals will be provided in accordance with the USDA DietaryGuidelines of meal component and portion size requirements. Food temperatures will bemaintained in accordance with USDA guidelines and state standards. All meals will bedistributed to students using a point of sale accountability procedure.

The School would process all necessary lunch applications; adhere to program operation andrecord keeping requirements; and use of the Child Nutrition Program (CNP) system. The Schoolwill implement the following procedure for processing Free/Reduced Lunch Applications:

• Disseminate lunch applications to all students upon enrollment• Collect lunch applications and determine applications, according to Florida Income Eligibility• Guidelines, published in the Federal Register by Food Nutrition Service, USDA;• Enter determinations for each child into the Sponsor's mainframe• Provide students with notice of eligibility;• Serve/Charge student lunches in accordance with determined eligibility;• Submit claims for reimbursement within 30 days of the following month for each approvedmonth of the school year once approved by the NSLP).

Lunch Area

The first phase of the school facility will include a lunchroom or. at minimum, a seating area thatmeets state nutritional and sanitation standards. The School agrees to have two satisfactoryhealth inspections conducted on a yearly basis, by the State Department of Health. CountyDepartment. as required. to maintain Permit for Food Service

62



The ultimate goal is that the school's cafeteria will integrate seamlessly into the culinaryprogram, becoming completely self-sustaining.

School Safety and Security Plan

The school has a detailed plan for school safety and security for students. staff the facility andproperty, including procedures for unanticipated emergency situations. The School willcooperate with the District and the City to provide the safest school possible for the staffand students, and will incorporate all the applicable and appropriate approved emergency effortsin order to maintain a safe school environment. The administrative team will conduct annualtrainings for all staff on safety protocols and emergency action plans for emergency situations.Procedures and plans will be provided to teachers and the staff through the faculty handbook andparents and community members will receive information regarding emergency procedures vianewsletters, the parent handbook and routinely scheduled school meetings. All staff memberswill be trained regarding procedures for disaster preparedness plans outlining procedures foremergency situations and natural disasters. Both students and staff will be trained in planning forthese events through routine drills and practice. The Governing Board and the School will ensurethat all provisions of the Jessica Lunsford Act (1012.465.F.S.) are adhered to at the school inensuring the safety of all faculty, staff and students on the property. The Board will also secureall required permitting and insurance coverage for the facility to operate a safe and orderlyschool.

Below are the specific measures that will be taken to ensure the safety and security of theschool:

• Code Red Drills Monthly• Fire Drills Monthly• Constant state of code yellow (all doors locked from the outside and limited mission

critical movement only)• Fencing/walls/gates around the perimeter of the property• Full time PSL PD SRO on duty through an MOU between Somerset and the City of PSL• RFID access for employees and identifying code access for students• Cameras covering all of the property, inside and outside of classrooms• Interactive video/audio/bell system at main entrance with push button access• Contract with Tactical Edge Solutions. Inc to provide tactical and emergency response

training to all school employees• Semi-annual review of the school facility for soft spots• Semi-annual consultation with local law enforcement for collaborative purposes and to

review safety plans• Adherence to the Jessica Lundsford Act and the Parkland Laws

63



Budget

Please see attached budget.Partnership Integration and Industry Certification is allotted for in the Supplemental InstructionalMaterials line item.

Finances

The Governing Board has the ultimate responsibility to ensure that the School's finances aremanaged properly. The Board will contract with an Education Service and Support Provider(ESP), which will assist the Board and the School Principal with the preparation and reporting ofthe School's finances.

The School has established sound financial policies and accounting procedures to safeguard itsfinances. The Governing Board shall annually adopt and maintain an operating budget, retainthe services of a certified public accountant or auditor for the annual independent financial auditand review, and will approve the audit report, including audit findings and recommendations. Inthe event a financial recovery plan is necessary, the Board will monitor it and ensure such plan isappropriately maintained. The Governing Board of the School will also review and monitor thefinancial statements of the School on at least a quarterly basis during regularly scheduled BoardMeetings.

Controls

The Board of Directors is responsible for establishing and maintaining a system of internalcontrols in order to provide reasonable assurance that the school's assets are safeguarded againstloss from unauthorized use or disposition, and that transactions are executed in accordance withthe school's authorization and recorded properly in the financial records. Specifically. the Boardhas established controls in accordance with all applicable federal, state and local laws and in linewith accepted industry standards and best practices regarding:

• Revenues, accounts receivable, and cash receipts• Expenditures, accounts payable, and cash disbursements• Budgeting and financial reporting• Risk management• School inventory & capital assets• Student records• Employment records

64



Standard procedures utilized to ensure sound internal accounting and a system of checks andbalances include:

1)General AccountingUtilization of accepted state codification of accounts pursuant to the Financial and ProgramCost Accounting and Reporting for Florida Schools in all transactions pertaining to itsoperations.

Internal accounting procedures for the School pertaining to receivables and disbursements are asfollows:

For receivables, all cash payments will be logged. coded by source and deposited in a timelymanner. Deposits are reconciled to cash receipt logs. Disbursements will be made only toapproved vendors and must be appropriately authorized. Disbursement voucher packages areprepared at the School site and authorized by the School Principal. Disbursement vouchers aresubmitted to the ESP with appropriate supporting documentation to substantiate the nature,account classification, business purpose and amount. Disbursement vouchers are reviewed andapproved by the Principal and the ESP. For internal accounts, all disbursements require twosignatures. For operating and lunch accounts, disbursements require two signatures for any checkin the amount of $2,500 or above. Checks in the amount of $25,000 or above require that one ofthe signatures be that of the Board Chair. Authorized signatures on checks are limited to theChair of the Governing Board, the president. the School Principal/designee, ESP representative,and others. as approved by the Governing Board.

Bank statements will be reconciled on a monthly basis. The School will provide regularfinancial statements to the Sponsor including a statement of revenues and expenditures andchanges in fund balances, prepared in accordance with generally accepted accountingprinciples. These will be provided on the dates required by the School Board in the charterschool contractual agreement between the School and the Sponsor.

2)Wire Transfers - copies of all wire transfers (e.g.. FTE funds. grants, charter school capitaloutlay) into the school's banking account(s) along with supporting documentation are maintainedand recorded in the general ledger by journal entry.

3)Internal Revenue Collection - funds collected at the school (i.e., lunch monies, fundraisers,field trips) will be initially collected by designated school staff. These funds along withsupporting documents are submitted to the Financial Manager/Treasurer whose responsibility isto record and prepare the deposit. All deposits will be prepared in duplicate; the original goes tothe financial institution and the copy remains intact in the deposit book. A copy of the financialinstitution validated receipt along with supporting documentation will be maintained.

4)Capital Expenditures - purchase orders are required for all capital expenditures and are pre-approved by the Executive Director, Principal, or Designee. Limits are set by the Board ofDirectors and may change as necessary. These purchase orders are sent to the vendor and ESP,and copy retained at the school on file in the Accounting Office. Any purchase order totalingmore than the limit as set by the Board of Directors requires Board action.

65



5)Operational Checking Accounts - all expenses related to the operations of the school are paidfrom the operating account. All operating expenditures are subject to the same approvalprocesses as indicated for capital expenditures. All accounts are reconciled on a monthly basis.

6)Authorized Check Signers - authorized signers on school accounts are limited to certainspecified individuals as approved by the Board of Directors.

7)Segregation of Duties relating to financial controls - The school principal will beresponsible for all aspects of school operations within the scope of operating policy andbudgetary approval by the Governing Board. The school's on-site administration/faculty andstaff will report directly to the Principal, who then reports to the Governing Board. The ESP,contracted by the board, will provide bookkeeping. and financial forecasting services to theGoverning Board for its oversight and approval.

The Board, at minimum, will be responsible for:

1. reviewing and approving a preliminary annual budget prior to the beginning of the fiscalyear;

2. reviewing quarterly financial statements, which include a balance sheet and statement ofrevenue, expenditures and changes in fund balance. at each public board meeting;

3. annually adopting and maintaining operating budget for the school4. retaining the services of a certified public accountant/auditor to conduct the annual

independent financial audit;5. reviewing and approving the audit report. including audit findings and recommendations; and6. reporting to all applicable legal agencies including the charter school's sponsor7. overseeing the school's principal and all financial matters delegated to the principal, and8. reviewing and approving the monthly financial statements submitted to the school board. The

governing board may review/approve all monthly financial statements for the monthsbetween two successive board meetings. The governing board will record thereview/approval of these statements (month/year indicated) in its minutes.

The School will provide the Sponsor with annual audited financial reports as of June 30 of eachyear. These reports will include a complete set of financial statements and notes thereto preparedin accordance with generally accepted accounting principles for inclusion into the Board'sfinancial statements annually, formatted by revenue source and expenditures and detailed byfunction and object. as per the Sponsor's timelines.

The School will utilize the standard state codification of accounts as contained in the Financialand Program Cost Accounting and Reporting , for Florida Schools, as a means of codifying alltransactions pertaining to its operations for both internal and external reporting. Financialreporting will be subject to any directives issued by the State of Florida and the local schooldistrict.

66



Compliance

The Board will review and approve a preliminary annual budget prior to the beginning of thefiscal year. The Principal of the School will prepare a school-site budget with assistance fromESP, which will include anticipated revenues and expenditures based on studentenrollment. Each quarter, the Board will review the budget and make revisions, as necessary.

The Principal will manage the day-to-day operations and site-based finances, includingexpenditures and receivables. The Board will adopt a policy whereby the Principal will need toseek prior approval from the Board for expenditures over a pre-approved amount. The Principalwill report at least quarterly to the Governing Board on the progress of the site-based budget andmake recommendations and seek approval for large expenses. The Governing Board will overseethe Principal and remain responsible for all financial matters delegated to the Principal.

The Board of Directors selects an external independent audit firm through a formal RFP process.The selected firm performs an independent examination of financial statements and internalcontrols on an annual basis for the period ending June 30` x'.

Start Up Plan

The school's projected timetable for start-up is as follows:

Already obtained Applying for and securing appropriate legal status

February 1, 2019 Submission of charter school application proposal

Feb- August 2019 Sponsor Review and feedback to Applicant of application

August 1, 2019 Final Revisions of Application Submitted

August-October 2019 Application Review by District and Somerset Board Interviews

October- December 2019 School Board consideration of Application

November 2019-January2020

Submit Site Plan for Approval. Solicit contractor bids and makefinal General Contractor decisions

January 2020-July 2020 Submit for permitting, break ground, start construction,inspections. TCO. CO

67


March 2019- December

Grant Solicitation


2019 Preparation/Planning for Facilities

December 2019 - March2020


December - February2020

Grant Preparation

Already Done Recruitment of PrincipalMarch 2020 Finalizing curriculum and other instructional materials




Recruitment of Faculty and Staff

November 1, 2019 Student Application Window Opens

March 1, 2020 Student Application Window closesLottery will be conducted, as needed

March 10, 2020 Second Application Period Begins, if neededVendor Contracts Finalized (food service, uniforms, etc)

May- June Curriculum Planning and Purchasing of MaterialsTechnology and School Furniture PurchasingFinalize Staff Recruitment and HiringTeacher fingerprinting, drug-testing, and background checks

June- July 2020 Finalize Faculty and Staff HiringPolicy Adoption by Board as neededEstablish financial proceduresGoverning Board Training/Fingerprinting as neededFinalize transportation and food service plansConduct Final Facilities and Safety Inspections

July- Aug 2020 Staff TrainingFinalize Registrations and Master ScheduleTextbook and Furniture distribution and inventoryFinal Curriculum Review with lead staffFaculty Orientation Workshops - PDStudent/Parent OrientationsClasses Commence as per Sponsor Calendar

68

eudyet octal)

Somerset Port St Lucie Career Academy - 6-12 YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5

50%Expected

75% Enrollment

Enrollment

ENROLLMENT Cost Basis

Clasxoonis 14

11

7 32 43 54 64

6-8 308

231

154 484 506 528 528

9 - 12 -

- 250 500 750 1,000Total Enrollment 308

231

154 734 1,006 1,278 1,528

REVENUES

State Sources with expected enrollment $

1,972,664.00

$ 1,479,498.00

$

986,332.00 $

4,738,620.03 $

6,556,249.01 $

8,408,648.10 $

10.150,873.59Federal Sources - NSLP funds 65'/. of students $

- 6$'x. $

-

$

-

! $

- $

- $

- $

- $

-

LocalSources - Lunch program paid students $

- sow. $

-

$

-

$

- $

- $

- $

- $

-Capital Outlay (available year 1 SACS Accredited Netw$rk) $

500.00 Per student $

154,000.00

$

115,500.00

$

77,000.00 $

367,000.00 $

503,000.00 $

639,000.00 $

764,000.00Other Sources- Services $

38,500.00

$

28,875.00

$

19,250.00 $

91,750.00 $

125,750.00 $

159,750.00 $

191,000.00$

2,165,164.011

$ 1,623,873.00

$ 1,082,582.00 1

5,197,370,03 $

7,184,999.01 $

9,207,398,10 1 $

11,105,873.59

EXPENDITURES

Instruction

Salaries (includes classroom teachers, contractor hourly, and teacher aides) See Staffing

Pla n $

617,400.00

$

485,100.00

$

308,700,00 S

1,648,055.50 $

2,260,107.61 $

2,934,591.79 $

3,536,887.90Fringe Benefit; $

160,524.00

$

126,126.00

$

80,262.00 1

428,494.43 $

587,627.98 $

762,993.87 $

919,590.85Contracted Professional Services (includes Therapists & other contracted instructional servic $

600.00 ESE Student $

18,480.00

$

13,860.00

$

9,240.00 $

44,700.60 $

62,184.38 $

80,182.62 $

97,305.81Classroom Supplies & Equipment $

30.00 Student $

9,240.00

$

6,930.00

$

4.620.00 $

22,350.30 $

31,092.19 $

40,091.31 $

48,652.91Teacher Supplies $

45.00 Student $

13,860.00 ; $

10,395.00

$

6,930.00 $

33,525.45 $

46,638.29 $

60,136.96 $

72,979.36

Textbooks and/or ebooks - See Textbook calculator $

181.56 Student $

55,920.00

$

41,940.00

$

27,960.00 $

50 480.00 $

26,480.00 $

26,480.00 $

26 480.00Supplemetal instructional meterials (CIRP/SIRP and Technology) $

100.00 Student $

30,800.00

$

23,100.00

$

15 400.00 $

74,501.00 $

103,640.64 $

133,637.70 $

162,176.35Digital Education Content Materials (Leered) $

75.00 Student $

23,100.00

$

17.325.00

$

11,550.00 $

55,875.75 $

77,730.48 $

100,228.27 S

121,632.26Computer - Equi p ment for Instruction (leased) $

2,100.00 Classroom $

29,400.00

$

23,100.00

$

14,700.00 $

68,208.00 $

93,029.32 $

118,579.93 S

142,647.26sub-royal insa$$rien $

958,724.00

$

747,876.00

$

486,862.00 $

2,426,191.03 $

3,288,530.87 $ 4,256,922.44 $

5,128,352.70

Pupil Personnel Services

Salaries (includes counselor, school nurse, health assist.^nq See Staffing; Pla n $

42,500.00

$

42.500.00

$

21,250.00 $

129,920.00 $

219,953.04 $

268,216.50 $

362,986.33Fringe Benefit .: 8

11,050.00'.. $

11,050.00

$

5,525.00 $

33,779.20 $

57,187.79 $

69,736.29 $

94,376.45Contracted Professional Services (counseling and psychological) $

875.00 ESE Student $

26.950.00. $

20.212.50

$

13,475.00 $

65,188.38 $

90.685.56 $

116,932.98 $

141.904.31SeG Teral Pup,l Per:^nnel Sorv,ns $

80,500.00'.. $

73,762.50

$

40,250.00 5

228,887.58 $

361826.38 $

454,885.78 $

599,267.09

Media Services

Salaries (includes Librarian) $

-

$

-

$

- $

- $

- $

- $

-Fringe Benefit .; $

-

$

-

$

- $

- $

- $

- $

-Sub-iota) nn,d p 5<rv:cs $

-

$

-

$

- $ $

- $

- $

Curriculum Development

Salaries (includes Curriculum Specialist) $

-

$

-

$

- $

- $

- $

- $

-Fringe Benefit; $

-

'.

$

-

$

- $

- $

- $

- S

-Curriculum Planning, Research, Development and [valuatmn ( part of ESP ' s Fee) $

115.00 Student $

35,420.00

$

26.565.00

$

17,710.00 $

85 676.15 $

119,186,73 $

153 683,35 $

186,502.80

Student Act...m.5 5

10.00 Student 8

3.080.00

5

2,310.00

$

1,540,00 $

7450,10 $

10,364.06 8

13,363.77 $

16,217.64

sob-78ml curncui. nt. oevdupmenr 5

38,500,00

5

28,875.001 $

19,250.00 5

93,126.25 $

129,550.79 $

167,047.12 $

202,720.44

Staff DevelopmentWorkshops/Trainirigs $

1,800.00 Teacher 8

25,200.00 $

19,800.00

8

12,600.00 $

66,600.00 $

90,000.00 8

115,200.00 $

136 800.00

sub-$orol sr$f/Demlonmenr $

25,200.00

19,800.00

$

12,600.00 $

66,600.00 5

90,000.00 $

115,200.00 $

136,800.09

69

Budget Detail


50%Expected

175% Enrollment

Enrollment

Instruction Related TechnologySalaries(indudes Technology Personnel) $

-

$

-

! $

- $

- $

- $

- $

-Fringe Benefits $

-

$

-

$

- $

- $

- $

- $

-Online content and/or assestrnents $

4.50 Student $

1,386.00

$

1,039,50

$

693.00 $

3,352.55 $

4,663.83 $

6,013,70 $

7,297.94Hardware Maintenance $

400.00 Classroom $

5600.00: $

4,400.00

$

2,800.00 $

12,992.00 $

17,719.87 $

22,586.65 5

27,170.91

Sab-1,81tnsnocnon.18,8 Terluiology $

6,986.00

$

5,439.50

$

3,493.00 $

16,344.55 $

22,383.70 $

28,600.35 $

34,468.84

BoardProfessional Services (Legal) $

2,500.00 School $

2,500.00

$

-

$

- $

2,537.50 $

2,575.56 $

2,614.20 $

2,653.41

Insurance (General Liability. D&O, Professional Liability) $

925.00 Classroom $

12,950.00

$

10,175,00

$

6,475.00 $

30,044.00 $

40,977.20 $

52,231.63 $

62,832.72Travel $

2,000.00 Board Men, $

2,000,00

$

2,000.00

$

2,000.00 $

2,030.00 8

2,060.45 $

2,091.36 $

2,122.73Sub-loot.8ra $

17,450.00: 5

11,175.00': $

8,475.00 $

34,611.50 $

45,613.21 $

56,937.19 $

67,608.86

General Admini::traLionManagement fees (Portion of the $450 fee charged by ESP) $

225.00 Student $

69,300,00

$

51,975,00

$

34,650.00 $

167,627.25 $

233,191.43 $

300,684.82 $

364,896.79

Administrative Fee

Sab , TOml General t nniinisnooon $

69,300.00

$

51,975.00

$

34,650.00 $

167,627.25 $

233,191.43 $

300,684.82 $

364,896.79

School AdministrationSalaries (includes Principal, Secretary & other Office Personnel) $

119.581.08

$

87.081.08

$

73,040.54 $

233,532.30 $

285,539.39 $

411,205.95 $

437,539.95Fringe Benefits $

31,091.08

$

22,641.08

$

18,990.54 $

60,718,40 $

74,240.24 $

106,913.55 $

113,760.39Equipment Rental / Lease $

300.00 Per Month $

3,600.00

$

3,600.00

$

3,600.00 $

3,654,00 $

3,708.81 $

3,764.44 $

3,820.91Travel $

1,200.00 Administrator $

2,400.00: $

2,400.00

$

2,400.00 $

2,436.00 $

2472.54 $

2,509.63 $

2,547.27Advertising and Promotion $

10.00 Student $

3,080.00

$

2,310.00

1,540 00 $

7,450.10 $

10,364,06 $

13,363.77 $

16,217,64

License Fees $

200.00 $

200.00

$

200.00

$

200.00 $

203.00 5

206.05 $

209.14 $

212.27Dues and 5ubcriptions $

4.00 Student $

1,232.00

$

924.00

$

616.00 $

2,980,04 $

4,145,63 $

5,345.51 $

6,487.05Postage 0

75.00 Classroom $

1,050,00

$

825.00

$

525.00 $

2,436.00 $

3,322.48 $

4,235.00 S

5,094.55

Printing $

225.00 Classroom 1

3,150.00

$

2475.00

$

1,575.00 $

7,308.00 $

9,967.43 $

12,704.99 $

15283.64

Office Supplies $

15.00 Student 5

4620.00

$

3,465,00

$

2,310.00 $

11,010.00 $

15,090.00 $

19,170.00 $

22.920.00

Office Equipment 0

1,500.00 8

1,500.00: $

1,500.00: $

1,500.00 $

1,522,50 8

1,545,34 $

1,568.52 S

1,592.05

Computer Equipment $

1,00000 Administrator $

2,000.00) $

2,000.00

$

2,000.00 $

2,030.00 $

2,060.45 $

2,091.36 S

2,122.73

Sob-Tarot xhoat Adn„narronan $

173,504.16

$

129,421.16

$

108,297.08 $

335,280.33 $

411,662.40 $

583,081.85 $

627,598.43

Facilities Acquisition & ConstructionBuilding Lease / Rent (see budget summary for calculation) $

292,600.00

$

219.450.00

$

146,300.00 $

711,246.00 $

994,310.28 $

1,288,412,63 $

1,571,258,52

sub-roml FOalines ACao,sinon & COnsrru.non 292,600.00

$

219,450.00

$

146,300.00 $

711,246.00 $

994,310.28 $

1,288,412.63 $

1,571,258.52

Fiscal ServicesSalaries (Business Manager, Accounting & Bookkeeping Personnel) $

-

$

-

$

- $

40,600.00 $

41,209.00 $

41,827.14 $

42 454.54

Fringe Benefits $

-

! $

-

!

$

- $

10,556.00 $

10,714,34 $

10,875.06 $

11,038.18

Fee to County School Board - up to 250 students $

80,059.42

$

73,974.90

$

49,316.60 $

80,698.57 5

81 464.33 $

82,244.21 5

83,040,52

Planning, Research, Development and Evaluation (Part of ESP's Fee) $

110.00 $

33,880.00

$

25,410.00

$

16,940.00 $

81,951.10 $

114,004.70 $

147,001,47 $

178,393.99

Professional Services - Annual Audit $

10,500.00 $

10,500.00

$

10,500.00

$

10,500.00 $

10,657.50 5

10,817,36 $

10,979.62 $

11,144.32

Sub . TOml FStolserna•s $

124,439.42: $

109,884.90

$

76,756.60 $

124,463.17 $

158,209.73 $

292,927.49 $

326,071.55

Food ServicesSalaries (Food Service Workers) $

-

$

-

$

- $

- $

- $

- S

-Fringe Benefit, . $

-

$

-

$

- $

- $

- $

- s

-Food, Materials & Supplies- Vendor provided meals 95% Participation $

- Per Meal per day $

-

$

-

$

- $

- $

- $

- $

-Equipment Rental / Lease (provided by food vendor)

Inspection fees $

75.00 Twice per year $

150.00

$

150.00

$

150.00 $

152.25 $

154.53 $

156.85 S

159.20

5o0-Total Food Senates S

150.00:$

150.00

$

150.00 S

152,25 $

154.53 $

156.85 $

159.20

70

Budget Detail


50`%Expected

75% Enrollment

Enrollment

Pupil Transportation ServicesSalaries (Drivers & Transportation workers)

Fringe Benefits

Contracted Transportation Services-$290 per bus per day 0.7,. utilizationField Trip Expenses for competitions

Buses

lease PaymentsRepairs& MaintenanceFuel

See Staffing;

$

290,00

$1,250.00

$

150.00

$

325.00

0%

Bus/month

Bus/monthBus/month

$

32,400.00

$

16,200.00

$

-$

8,424.00

$

4,212.00

$

-

$

-

5

-

$

-

$

30,000.00

$

15,000.00

$

-$

3,600.00

$

1,800.00

$

-$

7,800.00

8

3,900.00

$

-

$

49,329.00

$

12,825.54

$

-

$

45,000.00

$

5,400.00

$

11,700.00

$

66,758.58$

17,357.23

$

-

$

60,000.00

$

7,200.00$

15,600.00

$

84,699.95

5

22,021.99

$

-

$

75,000.00$

9,000.00

0

19,500.00

$

103,164.54$

26,822.78

$

-

$

90,000.00

S

10,800,00$

23 400,00

Sub-Total

of Transporranan services 5

82,224.00

$

41,112,00

$

- 5

124,254.54 $

166,915.81 $

210,221.93 $

254,187.31

Operation o/PlantSalaries (Custodian, crossing guards, security)

Fringe benefitsPurchased Service (Custodial, fire and al:urn, etc)Lawn Maintenance

Pest ControlSchool Resource OfficerProperty InsuranceTelephone ServicesWater & SewerElectricity

See Staffing

$

2,200.00

5

200.00

$

40.00

0

4,950.00

$

2,400.00

$

300.00

5

75.00

$

2,100.00

Per ClassroomPer ClassroomPer ClassroomSee NotePer ClassroomPer Month

Per ClassroomPer Classroom

$

20,800.80

$

10,400.40

$

10,400.40

$

5408.21

2,704.10

1

2,704.10$

30.800.00

$

24.200.00

$

15,400 00

5

2,800.00:$

2.200.00;$

1,400.00

$

560.00

$

440.00

$

280.00

$

59,400.00

$

59,400.00 I: $

59,400.00

$

33,600.00

$

26,400,00

$

16,800.00

$

3,600.00

$

3,600.00

$

3,600.00

$

1,050,00

$

825.00

$

525.00

$

29,400.00

5

23,100.00

$

14,700.00

$

63,338.44$

16,467,99

$

71,456.00

$

6496,00

$

1,299.20$

60,291,00

$

77,952.00

$

3,654.00$

2,436.00$

68,208.00

$

107,147.52

1

27,858.36

$

97,459.29$

8,859.94$

1,771.99

5

61,195.37

$

106,319.22

$

3,708.81$

3,322.48$

93,029.32

$

152,256.63

$

39,586.72$

124,226.59$

11,293.33$

2,258.67$

62,113.30

$

135,519.92

5

3,764,44$

4,235.00$

118,579.93

$

154,540,48

$

40,180.52

$

149,439.99$

13,585.45S

2,717.09$

63,044.99

$

163,025.44$

3,820.91

$

5,094.55$

142,647.26

svb TOml Operonon of Plant $

187,419.01

5

153,269.50

$

125,209.50 $

371,598.63 $

510,672.27 3

653,834.51 5

738,096.68

Maintenance o/PlantRepairs & Maintenance

Supplies

5

1.50 Sq. Ft. $

27,720.00

$

20,790.00

$

13,860.00 5

66,060.00 $

90,540.00 $

115,020.00 $

137,520.00

Sub-total Maintenance 0/ Plum S

27,720.00$

20,790,00$

13,860.00 $

66,060.00 $

90,540.00 $

115,020.00 $

137,520.00

Administrative Technology ServicesSystems Operation

Systems Planning & Analysis$

550.00 Per Classroom $

7,700.00

$

6,050.00

$

3.850.00 $

17 864.00 $

24,364.82 $

31,056.65 $

37.360.00

Sub-Total 6dminisrrar:ve Technalayy services $

7,700.00

$

6,050.00

$

3,850.00 $

17,864.00 5

24,364.82 $

31,056.65 $

37,360.00

Redemption of PrincipalInterest (Interest Only at 6%) $

2,400,00$

2,400.00

$

2,400.00$

40,000.00

Sub-Total Dear Service $

2,400.00

$

2,400.00

$

2,400.00 $

40,000,00 $

- y

- $

ContingencyOperating, expense contigency - 3% of FEFP - Considered restricted funds $

64,954,92

$

-

! $

- $

155.921.10 $

215,549.97 $

276,221.94 $

333,176.21

Sub Tarul.nrirr 5

64,954.92

$

-

! $

- $

155,921.10 $

215,549.97 $

276,221.94 $

333,176.21

Total Expenditures 5

2,159,771.50

$ 1,622,430.56

$ 1,082,403.18 $

5,080,228.17 $

6,850,476.20 $

8,831,211.56 $

10,559,542.63

Excess of Revenues over Expenditures $

5,392.50

$

1.442.44

$

178,82 $

117,141,86 ; $

334,522.81 $

376,186.54 $

546,330,96

71

Start-up Budget

Somerset Port St Lucie Career Academy - 6-12

Start-up Budget

Line of Credit / Grant **

February

40.000

March April May June Total

EXPENSES:Administration Staff 2,500 3,500 3,500 3.500 3,500 16,500

Marketing & Enrollment 2,500 2,000 15,500 20,000

Computer/Printer 1,500 1,000 2,500

Administrative Expenses 500 200 100 100 100 1,000

TOTAL OPERATING EXPENSES 4,500 6,200 3,600 5.600 20,100 40,000

Fund Balance 35,500 29,300 25,700 20,100

** The School will apply for a 525.000 planning and design grant, as provided by the Charter School Implementation GrantProgram. If awarded. the grant vvill assist the school with the start-up costs which will be incurred prior to the period when theschool will begin to receive operational funding from the sponsor. In the event that the start-up grant is not awarded, the schoolcan either use resources from its network or has identified a non-profit charter school lender that will provide a line of credit tosupport the opening expenditures.

72

Budget Summary


GradesStudents per grade (average)Total # StudentsPer Student Revenue *

REVENUEMaximum Gross Revenue ($)Enrollment Contingency ($)Budgeted State Sources of Revenue ($)

EXPENDITURESFacility Budget

Maximum Facility ExpenseMinimum Building Size Utilized (Sqft)

Cost per StudentOperating and Fixed CostsMortgage Payments/Rent

Teacher Staffing BudgetSchool wide Average Class Size# of Instructional StaffSalary Benefits per Teacher

MAXIMUM FOR OTHER EXPENDITURES

Year 1 Year 1 75% Year 1 Low Year 2

Year 3

Year 4

Year 5

6-12 6-12 6-12 6-12 6-12154 116 77 184 201 213 218308 231 154 734 1,006 1,278 1,528

6,405 6,405 6,405 6,456 6,517 6,580 6,6431.0%

1.0%

1.0%

1.0%

1,972,664 1,479,498 986,332 4,738,620 6,556,249 8,408,648 10,150,874

1,972,664 1,479,498 986,332 4,738,620 6,556,249 8,408,648 10,150,874

480,019 372,720 271,510 1,082,845 1,504,983 1,942,247 2,309,35518,480 13,860 9,240 44,040 60,360 76,680 91,680

$

950.00 $

950.00 $

950.00 $

969.00 $

988.38 $

1,008.15 $

1,028.31187,419 153,270 125,210 371,599 510,672 653,835 738,097292,600 219,450 146,300 711,246 994,310 1,288,413 1,571,259

21 19 21 19 19 19 1915 12 8 39 53 67 80

10,702 10,511 10,702 10,987 11,087 11,388 11,495

1,110,592

814,416

561,531 2,352,611

3,094,775

3,926,286

4,716,200

" See All Charter School Calculator for Assumptions for the calculation of per pupil FTE

73

Textbook Analysis

English Lang. Arts

DO NOT CHANGE

For grades K-5, in each

$65 Kindergarten

1st Grade

2nd Grade

3rd Grade

4th Grade

5th Grade

Total Text book

column, enter the number of

Year

0

0

0

0

0

0 $

NEW sections for each year. A

Year 2

0

0

0

0

0

0 $

section is the equivalent of a

Year 3

0

0

0

0

0

0 $

single class.

Year 4

0

0

0

0

0

0 $

Year 5

0 $

$

Writing

DO NOT CHANGE

125

$40 Kindergarten

1st Grade

2nd Grade

3rd Grade

4th Grade

5th Grade

Total Textbook

Year 1

0

0

0

0

0

0 $

Year 2

0

0

0

0

0

0 $

Year3

0

0

0

0

0

0 $

Yea r4

0

0

0

0

0 $

Year 5

0 $

$

Math

DO NOT CHANGE

$50 Kindergarten

1st Grade

2nd Grade

3rd Grade

4th Grade

5th Grade

Total Text book

Year1

0

0

0

0

0

0 $

Year 2

0

0

0

0

0

0 $

Year3

0

0

0

0

0

0 $

Year4

0

0

0

0

0

0 $

Yea r5

01

0 $

$

Science

DO NOT CHANGE

$60 Kindergarten

1st Grade

2nd Grade

3rd Grade

4th Grade

5th Grade

Total Text book

Year IL

0

0

0

0

0

0 $

Year 2

0

0

0

0

0 $

Year 3

0

0

0

0

0

0 $

Year 4

0

0

0

0

0

0 $

Year5

0 $

$

Social Studies

DO NOT CHANGE

$40 Kindergarten

st Grade

2nd Grade

3rd Grade

4th Grade

5th Grade

Total Text book

Year

0

0

0

0

0

0 $

Year 2

0

0

0

0

0

0 $

Yea r3

0

0

0

0

0

0 $

Year 4

0

0

0

0

0

0 $

Year5

0 $

$

Elective

DO NOT CHANGE

$35 Kindergarten

1st Grade

2nd Grade

3rd Grade

4th Grade

5th Grade

Total Text book

Year 1

0

0

0

0

0

0 $

Year 2

0

0

0

0

0

0 $

Year 3

0

0

0

0

0

0 $

Year 4

0

0

0

0

0

0 $

Year 5

0

0 $

$

74

DO NOT CHANGE

Total Textbook

$ 6,500.00

$ 6,500.00

$ 3,250.00

$ 3,250.00

$ 3,250.00

22,750.00

DO NOT CHANGE

Total Textbook

$ 8,500.00

$ 8,500.00

$ 4,250.00

$ 4,250.00

$ 4,250.00

$ 29, 750.00

DO NOT CHANGE

Total Textbook

9,000.00

9,000.00

$ 4,500.00

$ 4,500.00

$ 4,500.00

31,500.00

DO NOT CHANGE

Total Textbook

8,500.00

8,500.00

4,250.00

4,250.00

$ 4,250.00

29,750.00

DO NOT CHANGE

Total Textbook

$ 7,500.00

7,500.00

$ 3,750.00

3,750.00

$ 3,750.00

$ 26,250.00

DO NOT CHANGE

Total Textbook

$ 8,000.00

$ 8,000.00

$ 4,000.00

$ 4,000.00

$ 4,000.00

$ 28,000.00

For grades 6-12, in each

column, enter the number of

NEW sections for each year. A

section consists of 125

students. Example: If you have

any number of students

UNDER 126, enter a 1 in the

column under the grade. Any

number under 251, enter a 2

in the column under the

grade.

125

Math 6-12 6th Grade 7th Grade 8th Grade 9th Grade 10th Grade 11th Grade 12th Grade

$65 Math 1 Math 2 Pre-AIg Algebra 1 Geometry Algebra 2 Calculus /Statistics

Year 1

2

2

Year 2

2

Year 3

2.00

Year 4

2.00

Year 5

2.00

6th

7th

8th

World History 2 Civics

US History

Year 2

2

Year 3

2.00

Year 4

2.00

Year 5

2.00

English 6-12

Year 1

2

Year 2

2

Year 3

2.00

Year 4

2.00

Year 5

2.00

Science 6-12

6th

7th

8th

9th

10th

11th

12th

Year 1

2

2

Year 2

2

Year 3

2.00

Year 4

2.00

Year5

2.00

Word Lang. 6-12

6th

7th

8th

9th

10th

11th

12th

$75 Beg. Spanish

Int. Spanish

Adv. Spanish

Spanish 1

Year 1

2

2

Year 2

2

Year 3

2.00

Year 4

2.00

Year 5

2.00

Elective

6th

7th

8th

9th

$80 Elective

Elective

Elective

Elective

Elective

Elective

Elective

Year 1 2 2

Year 2 2 2.00

Year 3 2.00

Year 4 2.00

Year 5 2.00

Supplemental DO NOT CHANGE

$80 ESE K-5 ESOL K-5 ESE 6-8 ESOL 6-8 ESE 9-12 ESOL 9-12 Total Textbook

Year 1 0 $

31.00 68.00 0 0 7,920.00

Year 2 0 0 S

10.00 $ 10.00 8 3 2,480.00

Year 3 0 0 $

10.00 10.00 8 3 $

2,480.00

Year 4 0 0 10.00 $ 10.00 8 3 $

2,480.00

Year 5 0 0 S

10.00 $ 10.00 8 2,480.00

17, 840.00

Total Textbook Core ESE/ESOL Electives TOTAL - All Books

Year 1 $

32,500.00 S

7,920.00 $

15.500.00 $

55,920.00

Year 2 $

32,500.00 $

2,480.00 $

15,500.00 $

50,480.00

Year 3 $

16,250.00 $

2,480.00 $

7,750.00 $

26,480.00

Year4 $

16.250.00 5

2,480.00 S

7.750.00 $

26,480.00

Year 5 $

16.250.00 $

2.480.00 $

7,750.00 $

26.480.00

5 Year Total $

113,750.00 $

17,840.00 $

54,250.00 $

185,840.00

2.00

Social Studies 6-12

$85

Year 1 2

World Hist

9th

US History

10th

Gov/Econ.

11th

Elective

12th

2.00

$90

6th

ELA

7th

ELA

8th

ELA

9th

ELA 1 ELA 2

10th

ELA 3

11th

ELA 4

12th

2.00

$85 Science 1 Science 2 Science 2 Integrated SC Biology Chemistry Physics

2.00

Spanish 2 Spanish 3 AP 12th

2.00

10th 11th 12th

For Special Programs, in each

colurnn, enter the number of

NEW students for each year.

These are textbooks for

supplemental instruction and

will be in addition to the

above purchases. Refer to the

percentages provided in the

charter to determine the

numbers.

75


117

REVENUES

State Sources with experted enrollmentFederal Sources

NSLP funds 65% of studentsLocal Sources - Lunch program paid studenrs

Capital Outlay (available year 1 SACS Accredited Network)Other Sources - Services

3..

5

500.00

65%

30%

Per Student

FEFP Revenue (staffing the revenue worksheet provided by the FLDOE

The reimbursement provided by the National School Lunch Program (NSLP)The amount per meal for paid lunchesAn --t. If the Capital Outlay --t based on the $14-11- allocated for the 2018-19 school Y.-The -- is kept constant for each year of the budget The school is eligible year 1Bever,. f rom before c.e/after care, fund raising activities, fieid trips, arid other internal revenue

EXPENDITURES

Instruakto

Salaries (includes classroom teachers, .ntrea or houdy, and teacher aides)Fnnge BenefitsContr.ed Professional Services (includes Therapists & other contracted instrClassroom supplies & EquipmentTeacher Supplies

Textbooks and/or ebooks/Stude. ActivitiesSupplemetal instructional materiels (C n RP/SIRP and Technology)

Digital Education Content Materials (Leased)

- Equipment for-Instruction (leased)

See Staffing Plan

500.005 30.00

$

45.50

$

181.56

5

100.00

$

75.03

2,1CO.00

ESE StudentStudentStudent

St udentStudent

Student

Classroom

Salartes in the staffing plan are for Full Time Equivalent (FTE) instruction positions. Individuals ma ,/ be

utilized for other functions and the expenditure presented is for the FTE o.lined in the staffing plan. Theamount budget is an average.As calculated in the staffing planContracted instructional services as outlined in the applicationStudent Agendas, Classroom Supplies and other gems used within the ciessroomSupplies for the teacher to outfit the classroomTertbooks and other instructional materials as described in the curriculum section of the application - seeTertbook Calculator for amount. The table shows sections of each subject

Other supplemental currtculum as detailed in the applicationDigital content and supplementary materiels as described in the curriculum section. The materials wouid befunded over time. Expenditure listed is for the annual costs.Computer equipment to be used in the classroom. The expenditure o.lined is the annual cost to lease theequipment ., a three lease. if the school receives a C5P grant the equipment would be RnfFliBsed

Pupil .rsonnelSe,loes

5,1-, (includes counselor, school

health assistant, Curriculum specialnurse,Fringe Benefits

Contracted Professional Services (counseling and psychoiogical)

See Staffing Plan

875.00 ESE Student

Saiaries in the staffing plan ...for Full Time Equivalent (FTE) positions. Individuals may be utilized for

other f--, and the -p-da..e presented , for the PIT outlined in the staffing plan., calculated in the staffing plan

Contracted instructional support services as o.hned in the application (eg. ESE Specialist,school counselor)

Syb-Tospl Pupil Personnel Services

Media Services

Salaries (includes Librarian)Fringe Benefits

Salaries in the staffing plan are for Full Time Eq.valent (FTE) media service positions. individuals may beutilized for other functions and the expenditure presented is for the FTE outlined in the staffing plan.As calculated in the staffing plan

Sub-Total MedO Services

Curriculum Development

Salaries (includes Curriculum Specialist)Fringe Benefits

Curriculum Planning, Research, Developme. and Evaluation (part of ESP's FesStudent Activities

115.0010.CO

StudentStudent

Salaries in the staffing plan are for Full Time Equivalent (PTE) curriculum positions. Individuals bray beutilized for other functions and the expenditure presented is for the FIT outlined in the staffing plan., calculated in the staffing planThe services provided in the ESP ' s 54. per studentfeefor Curnculum Planning, Research, De.lopmentand Evaluation - The amount stated is a component of the ESP fee

Seb-Totitl

Development'

S.ff DevelopmentkVcrkshops/Trainings 1.800.00 Teacher Tne costs associated with providing staff development as described in the application

Instruction Related TpohnologySalaries (incl.es Technology Personnel)Fringe Benefits

online con.. and/or ...bents

ff ardware Maintenance

4.50

400.00

School

Classroom

Digital materials/assesments to support classroom instruction/intervention.

,e costs associated with maintaining the computer hardware. This amount is paid to outside centrartors.

IRelit

Technology

BoordProfessional Services (Legal)Insurance (General Liability, 0&0, Professional Liability)Travel

S

2,500.00

825.CO

S

2,000.00

SchoolClassroomBoard NIem

Outside legal expensesThe costs of the Professional Educetors Liabilfty policyThe costs for board members to attend meetings and/or conferences

S.h . isrol Board

GeneralManagement Fees (Portion of the $4SO f ee charged by ESP)Administrative Fee

5

225.00 Student The portion of the management fee allocated for General administratDe services

Sub

School Adm.isffotionSalaries (includes Principal, Secretary & other Office Perso.el)FringeBenefits=

Travel

and P11111111

License FeesDues and SubcriptioosPostagePrintingOffice SuppliesOffice EquipmentComputer

5

1.200iCO

5

10.00

$

2..

4.75.00

225.00

15.03

L500.00

administrator

Student

StudentClassroomClassroomStudent

Travel expense for the administrative staff to attend meetings and workshops_Expenditures related to the marketing of the school.This amount includes items such as direct mail,b--, -,Annual Government license feesCosts for .bscription services.

Postage and overnight mail costsPrinting material and suppliesGeneral office suppliesAnnual costs of the office esi.P TI R PI

Sub . Torol School Adminismoff on

76


Budget NanaecC

Facilities Argvisition & ConstteebenBuilding Lease / Rent (see budget summary far calculation) ',canal lease costs as outlined in the budget summary and the facility section of the application

Sub-Total Facilities Acquisition & Construction

Fiscal 5ervires

Salaries (Business Manager, Accounting & Bookkeeping Personnel)Fringe Benefits

Fee to County School Board - up to 250 studentsPlanning, Research, Development and Evaluation )Part of ESP's Fee)

Professional Services - Annual Audit110.00

5

10,500.00

Salaries in the staffing plan are for Full Time Equivalent (FTE) fiscal service positions. Individuals may beutilized for other functions and the expenditure presented is for the FTE outlined in the staffing plan.As calculated in the staffing planThe fee paid to the school district as stipulated in statuteThe portion of the fee paid to the ESP for providing back office accounting and other fiscal services.The costs of the annual audit paid to the outs i de auditor

Sabi Total Fiscal Services

Food Services

Salaries (Food ...Workers)Fringe BenefitsFood, .Materials & Supplies - Vendor provided meals 95% ParticipationEquipment.Rentail Lease (provided by food vendor)Inspeoion fees

-$

-5

75.00

Per M=-- al per day

T:•:ice per year

Salaries in the staffing plan are for Full Time Equivalent (FTE) food service positions. Individuals may beutilized for other functions and the expenditure presented is for the FTE outlined in the staffing plan.

As calculated in the staffing planMeel service provided by the district. No revenue or expense listed

cost. The equipment is provided by the NSiP providerH ealt h inspection fees

Sub-TO al Food Services 0

1,0 Transportation 5erviresSalaries (Drivers & Transportation workers)Fringe Benefits

Contracted Transportation Services-$290 per bus per day 0',6 utilizationBusesRepairs &MaintenanceFuel

5

29000

S

1,2500015000

5

325.00

OSS

N/A

The cost for providing busing. The percentage of students that will be utilizing busing. The cost is per busper day based on a 65 student capecfty busLoan or lease rate per month per busThe amount is per month per busis calculated et 60 miles per dey Tl 12 mpg a 53.25

Sub-Total Pupil Transportation Services

Operation of Plant

Selene, (Custodian, crossing guards, security)Fringe benefitsPurchased service (CU Stodial, fire and alarm, etc)Lawn MaintenancePest Control

School Resource OfficerProperty InsuranceTelephone Servicesl"later&Se'werElectricity

See Staffing

S

?20000

5

200005

_)0.00

5

.1,950.005

2210000S

3000075.00

5

2,11.,00

Per ClassroomPer ClassroomPer Classroom

555/HourPer ClassroomPer MonthPer ClassroomPer Classroom

Salaries in the staffing plan are for Full Time Equivalent (FTE) Operation of Plant positions. Individuals maybe utilized for other functions and the expenditure presented is for the FTE Outlined in the staffing plan.As calculated in the staffing planThe costs for contracted custodial services and other contracted service for the operation of the facility

Contracted lawn serviceContracted pest serviceContracted School Resource Officer that is career law enforcement officer a 555/hour 6 hours per day foreach school day

The expenditure for property insurance including windstormMonthly phone service expensesCity Water & Sewer costsThe costs electrical service

Sus-Tarsi operation of Plant

Maintenance of PlantRepairs & MaintenanceSu p plies

5

1.505

-Sq. Ft. Repairs & Maintenance of the facility

Sub . TOMl

ginrenonce of Plant

Administrative Technology 5erviresSystems OperationSystems Planni ng & Analysis

S

550.00S

Per Cla ssroom Cc.ntrslted costs to maintain the lT infrastructure

Sub-Total Adminisrrative Technology S_ra:ors

Redemption of PrincipalInterest llnreresr Only at 6%1

., _ acme t of start up loanInte rest on start up loan

s„a

nl Dehr Server:

ContingencyOperating expense rnntigenry - 3°.5 of FEFP - Cons i dered restricted funds 3=e

77

Staffing Plan Somerset Port St Lucie Career Academy - 6-12

Frinee Beae01 Rite 26.03%FICA 62u%\1e0i. are 1 40%

S 18900SOPS S 189.00M uekets Crimp & Paernll Crnts 1.39%4111 K C^11Bnhurlnn 4 00°

Health Irsrurance per Employee S

4,836.00 5403 Per month per Employee

Yrf Yr2 Yr3 Yr4 Y 5

Instruction Staff

Nigh 75% Low

Teachers

ESE or ESOL certified teacher) 42.250 14.0 11.0 7.0 32.0 43.0 54.0 64.0Su'estitule Teachers 1,100 14.0 11.0 7.0 32.0 43.0 54.0 64.0Other Teachers IESE. ESOL. see Budget Narrative) 42.500 5.0 7.0 10.0 12.0Sucoleme^.15 750 14.0 11.0 7.0 32.0 43.0 54.0 64.0

104500 14.0 11.0 7.0 37.0 50.0 64.0 76.0

Pupil Personnel Services

ESE Teacher:Specialist 42,500 1.0 t.0 0.5 2.0 3.0 3.0 4.0Guidance Counselor 43.000 1.0 2.0 3.0 4.0

85.500 1.0 1.0 0.5 3.0 5.0 60 8.0Media Services

Media Specialist 41,000

41,000

School Administration

Principal 95,000 0.5 0.5 0.5 1.0 1.0 1.0 1.0Assistant Princi pal 65,000 0.5 t.0 1.0 2.0 2.0Administrative Assistant 28.081 15 1.0 0.5 t.0 2.0 3.0 3.0Registrar 23.000 0.5 0.5 0.5 1.0 1.0 2.0 2.0Other Clerical 19.000 1.0 2.0 2.0 3.0

230,081 2.5 2.0 1.5 5.0 7.0 10.0 11.0Fiscal Services

Business Manager / Treasurer 40.000 1.0 1.0 1.0 1.040.000 1.0 1.0

Food Services

Food Service Workers 14.00014,000 - - - - - -

Pupil Transportation Services

Drivers & Transportation workers 16.200 2.0 1.0 - 3.0 4.0 5.0 6.0

16.200 2.0 1.0 - 3.0 4.0 5.0 6.0

Operation of Plant

Custodian 20.801 1.0 0.5 0.5 2.0 3.0 4.0 4.0

Security - Non SRO 20.801 1.0 2.0 3.0 3.041,602 1.0 0.5 0.5 3.0 5.0 7.0 7.0

TOTAL EMPLOYEES 185 145 95 49.0 668.0 88.0 103.0

Average performance pay increase 1.5%

Instruction Staff

Homeroom Teachers 591,500 464,750 295.750 1,372.280 1.871,661 2,385,715 2,869.927bet. to to Taac hers 15,400 12.100 7,700 35,728 48.730 62.113 74,720

Other Teachers IESE. ESOL. Reading %llath Coaches) - - - 215,688 306.492 444,413 541.295.,uco._men is 10.500 8,250 5.250 24,360 33,225 42.350 50,945

617.400 485.100 308.700 1,648.056 2,260.108 2.934.592 3,536,888Beiielil n : 160.524 120.120 80.262 428.494 587528 762,994 919.591

Pupil Personae/ Services

ESE Teeeher.Soecielist 42.500 42.500 21.250 86.275 131,354 133.324 180,43242.500 42,500 21.250 129.920 219,953 268.217 3002.986

Benefl.: 11.050 11.050 5.525 33.779 57.188 69.736 94,376Media Services

Media S p ecialist - - - - - - -

Benetils: - - - - - - -


Principal 47.500 47.500 47,500 96,425 97.871 99,339 100,830Assistant Principal 32.500 - - 65,975 66.965 135,938 137,977Administrative Assistant 28.081 28.081 14.041 28,502 57.860 88,091 89.413Regi stray 11,500 11.500 11.500 23,345 23.695 48.101 48.823Other - - - 19.285 39.149 39.736 60.498

119,581 87.081 73.041 233.532 285,539 411,206 437.540Beue111.: 31.031 22.641 18,991 60,718 74.240 105,914 113,760

Fiscal Services

Business Ma neger - - - 40,600 41,209 41827 42,455- - - 40.600 41.209 41,827 42.455

Bene6r.. - - - 10,556 10.714 10.875 11.038

Food Services

Food Service Workers - - - - - - -

Benefrs.

Pupil Transportation Services

Drivers & Transcortation workers 32400 16,200 - 49,329 66.759 84,700 103.165

32400 166.200 - 49,329 66,759 84,700 103,165BeneOn: 8,424 4,212 - 12,826 17,357 22.022 26.823

Operation of Plant

Custodian 20,801 10,400 10.400 42.226 64.289 87,004 88,309Security - - - 21,113 42,859 65,253 66.232

20.801 10400 10.400 63.338 107.148 152.257 154.540Rein).: 5.408 2.704 2.704 16.408 27.858 39.587 40.181

Total Payroll & Benefits 1.049.179 308.015 520.873 2.727 617 3.755.701 4 504.925 5.843.343

78


School Design

District:

St. Lucie

56

ESE Percent

ESOL Percent

Free Si Reduced Lunch Percent

Occupancy 100'0

IoW, s100 . .

11111

I1111'i^

lnnu°o

22 00^a

651111°u

flmnrroom Classrooms

3110

734

1 . 11116

1 278

1.528

Student Teacher Ratio

Year l Year 2 Year 3 Year 4 Year 5

Kindergarten 0 0 0 0 0

1st Grade 0 0 0 0 0

2nd Grade 0 0 0 0 0

3rd Grade 0 0 0 0 0

4th Grade 0 0 0 0 0

5th Grade 0 0 0 0 0

6th Grade 22 22 22 22 22

7th Grade 22 22 22 22 22

8th Grade 0 22 22 22 22

9th Grade 0 25 25 25 25

10th Grade 0 0 25 25 25

Ilth Grade 0 0 0 25 25

12th Grade 0 0 0 0 25

0 308 734 1006 1278 1528

Students by Grade Budgeted Enrollment

Year I Year 2 Year 3 Year 4 Year 5

Kindergarten 0 0 0 0

Ist Grade 0 0 0 0

2nd Grade 0 0 0 0

3rd Grade 0 0 0 0 0

4th Grade 0 0 0 0 0

5th Grade 0 0 0 0 0

6th Grade 154 176 176 176 176

7th Grade 154 154 176 176 176

8th Grade 0 154 154 176 176

91h Grade 0 250 250 250 250

10th Grade 0 0 250 250 250

I Ith Grade 0 0 0 250 250

12th Grade 0 0 0 0 250

308 734 1006 1278 1528

Grade Matrix

ESE. Guaranteed Allocation:

Level

Level

.-Additional Fundin g him the

K-3

251

ESE Guaranteed .-Allocation.

K-3

252

Enter the FTE front 111,112.

K-3

253

& 113 by grade and matrix

4-8

251

level. Students tt ho do not

3-8

252

have a matrix 1escl should be

4-8

253considered 251. the rood

9-12

251

should equal all FTt: from

9-12

252

programs Ill, 112

113 above.

9-12

253

Total ESE

31.00

Year I

Year 2

Year 3

Year 4

Year 5

Kindergarten

1st Grade2nd Grade3rd Grade

4th Grade5th Grade

6th Grade

8

8

8

8

7th Grade

7

7

8

8

8

8th Grade

7

7

8

S

9th Grade

10

10

10

10

10th Grade

10

10

l0

1 1 t h Grade

10

10

12th Grade

10

14

32

43

54

64

31

0

79

Budget Monthly Y11


YEAR 1

Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun

REVENUES

State Sources with expected enrollment 164,389 164,389 164,389 164,389 164,389 164,389 164,389 164,389 164,389 164,389 164,389 164,389 $

1,972,664.00

Federal Sources - NSLP funds 65% of students - - - - - - - - - - $

-

Local Sources - Lunch program paid students - - - - - - - - - - $

-Capital Outlay (available year 1 SACS Accredited Network) 17,111 17,111 17,111 17,111 17,111 17,111 17,111 17,111 17,111 $

154,000001

Other Sources - Services 4,278 4,278 4,278 4,278 4,278 4,278 4,278 4,278 4,278 $

38,500.00164,389 164,389 164,389 185,778 185,778 185,778 185,778 185,778 185,778 185,778 185,778 185,778 $

2,165,164.00

EXPENDITURES

InstructionSalaries (includes classroom teachers, Contractor hourly, and teacher aides) 28,064 58,934 58,934 58,934 58,934 58,934 58,934 58,934 58,934 58,934 58,934 $

617 400.00

Fringe Benefits 7,297 15,323 15,323 15,323 15,323 15,323 15,323 15,323 15,323 15,323 15,323 $

160,524.00

Contracted Professional Services (includes Therapists & other contracted instructional services) 2,053 2,053 2,053 2,053 2,053 2,053 2,053 2,053 2,053 $

18480.00

Classroom Supplies & Equipment 3,049 3,049 3,142 $

9240.00

Teacher Supplies 4,574 4,574 4,712 $

13,860.00

Textbooks and/orebooks - See Textbook calculator 18,454 18,454 19,013 $

55.920.00

Supplemetal instructional materials (CIRP/S1RP and Technology) 10,164 10,164 10,472 $

30,800.00

Digital Education Content Materials (Leased) 23,100 $

23,100.00

Computer - Equipment for Instruction (leased) 9,702 9,702 9,996 $

29400.00

Computer Lab - Including Software - - - $

-

Sul, Mini ins Uiicfi„ri 31,303 120,199 173.645 76,310 76,310 76,310 76,310 76,310 76,310 76,310 '99.410 5

958,724.00

Pupil Personnel ServicesSalaries (includes counselor, school nurse, health assistant) 4,250 4,250 4,250 4,250 4,250 4,250 4,250 4,250 4,250 4,250 $

42,500.00

Fringe Benefits 1,105 1,105 1,105 1,105 1,105 1,105 1,105 1,105 1,105 1,105 5

11,050.00

Contracted Professional Services (counseling and psychological) 2,695 2,695 2,695 2,695 2,695 2,695 2,695 2,695 2,695 2,695 $

26,950.00

Subs I nail Pupil FCnnnnel Services - - 8,050 3.050 8,050 $050 8,050 8,050 , 3,050 8,050 8,05o 8,050 $

80,500.00

Media ServicesSalaries (includes Librarian) - - - - - - - - - - $

-

Fringe Benefits - - - - - - - - - - $

-

Library Books - - $

-

Audio Visual Materials - $

-

Sub . Totnl Media Services 5

Curriculum DevelopmentSalaries (includes Curriculum Specialist) - - - - - - - - - - $

-

Fringe Benefits - - - - - - - - - - - $

-'

Curriculum Planning, Research, Development and Evaluation (part of ESP's Fee) 2,952 2,952 2,952 2,952 2,952 2,952 2,952 2,952 2,952 2,952 2,952 2,952 $

35,420.00

Development Supplies - - $

-

Student Activities 1,540 1,540 $

3,080.00

Sub Irani Curriculor,r DevclnPrue. 1,952 4,492 4,492 2,952 2,952 2,952 2,952 1,951 2,952 2,952 2,952 2,952 $

38,500.00

Staff DevelopmentWorkshops/Trainings 12,600 12,600 $

25,200.00

Travel - $

-

Professional Services $

-

Sub-Toms snuff Development 12,600 - - - - 12,600 - - $

25,200.00

Instruction Related TechnologySalaries (includes Technology Personnel) - - - - - - - - - - $

-

Fringe Benefits - - - - - - - - - - - $

-

Online content and/or assestments 693 693 $

1,386.00

Hardware Maintenance 622 622 622 622 622 622 622 622 622 $

5000.00

Computer Learning Labs - - $

-Sub-Tomlln,+t,ucn,n Related Teclrn.,lu, lY - 693 693 G" 622 622 622 622 622 62_r 622 622 y

6,986.00

80

Budget Monthly Yr1


YEAR 1

BoardProfessional Services (Legal) 625 625 625 625 $

2,500.00

'..

Insurance (General Liability, D&O, Professional Liability) 3,238 3,238 3,238 3,238 $

12,950.00

Travel 2,000 $

2,000.00

^.

Sub-rural Bawd 5,238 3,238 615 3,863 615 628 3,238 5

17,450.001

General AdministrationManagement Fees (Portion of the $450 fee charged by ESP) 69,300 $

69,300.00

Administrative Fee - - - - - - - - - $

-

SuGToroIGrnrrnlAdnslrolior, 69,300 , 5

69,300.00


Salaries (includes Principal, Secretary & other Office Personnel) 9,965 9,965 9,965 9,965 9,965 9,965 9,965 9,965 9,965 9,965 9,965 9,965 $

119,581.08

Fringe Benefits 2,591 2,591 2,591 2,591 2,591 2,591 2,591 2,591 2,591 2,591 2,591 2,591 S

31,091.08

Equipment Rental / Lease 300 300 300 300 300 300 300 300 300 300 300 300 $

3,600.00Travel 2,400 $

2,400.00

Advertising and Promotion 1,027 1,027 1,027 $

3,080.00

License Fees 200 $

200.00

Dues and Subcriptions 1,232 $

1,232.00

Postage 105 105 105 105 105 105 105 105 105 105 $

1,050.00

Printing 1,575 143 143 143 143 143 143 143 143 143 143 143 S

3,150 00

Office Supplies 1,155 315 315 315 315 315 315 315 315 315 315 315 $

4,620.00

Office Equipment 1,500 $

1,500.00

Computer Equipment 2,000 $

2,000.00

Sub TO[al School Adnrinislration 21,545 14,341 13,419 15,819 13,419 13,419 13,419 13,419 14,446 13,419 13,419 13,419 $

173,504,16

Facilities Acquisition & ConstructionBuilding Lease / Rent (see budget summary for calculation) 26,600 26,600 26,600 26,600 26,600 26,600 26,600 26,600 26,600 26,600 26,600 $

292,600.00

Remodeling & Renovations - $

-

Purchase of Buildings & Fixed Equipment $

-Land $

Sub-TurulFacilAC'puiririun0 Con ^rrucriun - 26,600 26,600 26.61)0 26,600 26,600 26,600 26,600 26,600 26,600 _'6,600 26,600 y

292,600.00 7

Fiscal ServicesSalaries (Business Manager, Accounting & Bookkeeping Personnel) - - - - - - - - - - $

-

Fringe Benefits - - - - - - - - - - - $

-

Fee to County School Board - up to 250 students 6,672 6,672 6,672 6,672 6,672 6,672 6,672 6,672 6,672 6,672 6,672 6,672 $

80,059.42

Planning, Research, Development and Evaluation (Part of ESP's Fee) 2,823 2,823 2,823 2,823 2,823 2,823 2,823 2,823 2,823 2,823 2,823 2,823 $

33,880.00

Professional Services - Annual Audit 875 875 875 875 875 875 875 875 875 875 875 875 $

10,500.00

Seb-TOml Fsol1inwrccr 10.12x1 IO.DO 10.370 10.1)0 10,370 10.3'10 10,370 10,370 10.37o 10,370 10,370 10,170 $

124,439.42

Food Service::Salaries (Food Service Workers) - - - - - - - - - $

-

Fringe Benefits - - - - - - - - - $

-Food - - - - - - - - $

-Food, Materials & Supplies - Vendor provided meals 95% Participation - - - - - - - - - - $

-

Equipment Rental / Lease (provided by food vendor) - - - - - - - - - - $

-

Inspection fees 15 15 15 15 15 15 15 15 15 15 $

150,00

Sub-Total Food Srrvir. _^- -

15 1.5 15 15 15 15 15 15 15 1.5 5

150.00

Pupil Transportation ServicesSalaries (Drivers & Transportation workers) 3,240 3,240 3,240 3,240 3,240 3,240 3,240 3,240 3,240 3,240 $

32,400.00

Fringe Benefits 842 842 842 842 842 842 842 842 842 842 $

8424.00

Contracted Transportation Services - $290 per bus per clay 0% utilization - - - - - - - - - - $

-

Field Trip Expenses for competitions - - - - - - - .. - $

-Buses' lease Payments 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 $

30,000.00

Repairs & Mlaintenance 360 360 360 360 360 360 360 360 360 360 $

3,600.00

Fuel 780 780 780 780 780 780 780 780 780 780 $

7,800.00

Sub-TOrol VUprl lranrporrurron Srrwirs - - 8,222 8,222 8,222 .8,222 8,222 8,222 8,222 8,22,'. 8,222 8,222 5

82,224.00

81

Budget Monthly Yr1


YEAR 1

Operation of PlantSalaries (Custodian, crossing guards, security)Fringe benefitsPurchased Service (Custodial, fire and alarm, etc)

Lawn MaintenancePest ControlSchool Resource Officer

Property Insurance

Telephone ServicesWater & SewerElectricityCustodial Supplies & Equipment

1,733451

2,567

23347

4,950

2,800300

882,450

-

1,733451

2,567

23347

4,950

2,80030088

2,450

-

1,733451

2,567

23347

4,9502,800

30088

2,450

-

1,733451

2,567

23347

4,9502,800

30088

2,450

-

1,733451

2,567

23347

4,9502,800

30088

2,450

-

1,733451

2,567

23347

4,9502,800

30088

2,450

-

1,733451

2,567

23347

4,9502,800

30088

2,450

-

1,733451

2,567

23347

4,9502,800

300

882,450

-

1,733451

2,567

23347

4,950

2,800300

882,450

-

1,733451

2,567

23347

4,9502,800

30088

2,450

-

1,733451

2,567

23347

4,9502,800

30088

2,450

-

1,733451

2,567

23347

4,9502,800

30088

2,450

-

$

20,800.80$

5,408.21$

30,800,00

$

2,800.00$

560.00$

59 400.00$

33600,00'.

$

3.600.00$

1,050,00$

29400,00;

$

-Sub-In[al Operution yf Plant 15,615 15,618 15,618 15,618 15,618 15,618 15,618 15,618 15,618 15,618 15,618 15,618 $

187,419.01

Maintenance of PlantRepairs & MaintenanceSupplies

2,520

-

2,520

-

2,520

-

2,520

-

2,520

-

2,520

-

2,520

-

2,520

-

2,520

-

2,520

-

2,520-

$

27,720.00.$

_

Suh To( al Mainlennncr of Plnnl 2,520 2,520 2,520 2,520 2,520 2,520 2,520 2,520 2,520 2,520 2,520 $

27,720,001

Administrative Technology ServicesInternal Technology SupportTechnology Personnel

Systems Operation

Systems Planning & Analysis

-

-642

-

-642

--642

-

--

642

-

--

642

-

--642

-

--

642

-

--

642

-

-

642

-

-

642

-

--

642

-

--642

-

$$

-$

7,700.00

$

-Sub-TOtolAJrn^nistrut,ve Tcrhnulu,y5rrvicr^ 642 642 642 642 642 642 642 642 641 642 6a2 642 $

7,700.001,

After Core ProgramsAfter Care Salary

Fringe Benefits

-

- -

-

-

--

--

-

-

- --

--

--

$

-

$

-Sub-Ioml After Cmu Vrograrru - - - - - - - - $

Debt ServiceRedemption of PrincipalInterest (Interest Only at 6%) 218 218 218 218 218 218 218 218 218 218

-

218

$

-

$

2,400.00

Sub Tntal n,ib(:rv,ra 218 218 218 215 218 218 218 218 218 218 218 $

2,400.00

ContingencyOperating expense contigency-3%of FEFP- Conside( ed restricted funds 64,95.5 $

64,954.92

Sub-TolvIC6nnr,ycnry - - - - 642155 $

64,954.92

Total Expenditures $

56,363.72 $ 169,396.36 $ 211,058.29 5 218,530.55 $ 165,558,25 $ 166,183,25 $ 169,420.75 $ 166,183.25 $ 179,809.92 $ 168,795.75 $ 165,558.25 $ 322,913.17 $ 2,159,771,50

Excess of Revenues over Expenditures $

108,024.95 $

(5,007.69) $

(46,669.63) $

(32,752,99) $

20,219,31 $

19,594.31 $

16,356.81 $

19,594.31 5

5,967.64 $

16,981.81 $

20,219.31 $(137,135,61) S

5,392.50

I $

108,024.95Fund Balance $

103,017.26 $

56,34763 $

23,594,64 S

43,813,94 $

63,408.25 $

79,765.05 1

99,359.36 $

105,327.00 $

122,30880 $

142,528,11 $

5,392,50

82

Port St. Lucie VoTech Charter School v210/4/2018 1:31 PM

Revenue Estimate Worksheet for Somerset Port St Lucie Career Academy - 6-12

Based on the 2018-19 FEFP First Calculation

School District:

St. Lucie

1. 2018-19 FEFP State and Local Funding

Base Student Allocation

S4,204.42

District Cost Differential: 0.9952

2018-19

Program

Weighted FTE

Base Funding

Program

Number of FTE

Cost Factor

(2) x (3)

(WFTE x BSA x DCD)

(I) (2) (3) (4) (5)101 Basic K-3 0.00 1.108 0.0000 S111 Basic K-3 with ESE Services 0.00 1.108 0.0000 S -102 Basic 4-8 209.00 1.000 209.0000 S 874,506112 Basic 4-8 with ESE Services 31.00 1.000 31.0000 S 129,711103 Basic 9-12 0.00 1.000 0.0000 S -113 Basic 9-12 with ESE Sen ices 0.011 1.000 0.0000 S254 ESE Level 4 (Grade Level PK-3) 3.619 0.0000 S254 ESE Level 4 (Grade Level 4-8) 3.619 0.0000 S254 ESE Level 4 (Grade Level 9-12) 3.619 0.0000 S255 ESE Level 5 (Grade Level PK-3) 5.642 0.0000 S255 ESE Level 5 (Grade Level 4-8) 5.642 0.0000 S255 ESE Level 5 (Grade Level 9-12) 5.642 0.0000 S130 ESOL (Grade Level PK-3) 0.00 1.185 0.0000 S130 ESOL (Grade Level 4-8) 68.00 1.185 80.5800 S 337,166130 ESOL (Grade Level 9-12) 0.00 1.185 0.0000 S -300 Career Education (Grades 9-12) 1.000 0.0000 S

Totals : .r320.5800 S 1,341,383

Letters in Parentheses Refer to Notes at Bottom of Worksheet:

Number of FTE

320.38800

Total Base Funding

Additional FTE (a)

Advanced Placement

International Baccalaureate

Advanced International Certificate

Industry Certified Career Education

Early High School Graduation

Small District ESE Supplement

Total Funded Weighted FTE

2018-19Base Funding

(WWFTE x BSA x DCD)

S

1,341,383

S

S

S

S

S

S

Total Additional FTE

0.0000 .-Additional Base Funds S

Matrix Guarantee Per2. ESE Guaranteed Allocation:

F I F

Grade Level

Level

Student0.00

PK-3

251 S 978 SPK-3

252

S 3,158 SPK-3

253 S 6,444 S31.00

4-8

251

S 1,097 S

34,0074-8

252

S 3,277 S4-8

253

S 6,563 S0.00

9-12

251

S

780 S9-12

252 S 2,960 S9-12

253

S

6,247 S

31.00

Total ESE Guarantee) S

34,1)07

3A. Divide school ' s Unweighted FTE ([FTE) total computed in Section 1, cell C27 above by the district's total [FTE to obtain school ' s[FTE share.

Charter School FETE:

-

District's Total FETE:

39,985.46

3B. Divide school's Weighted FTE 0.1'F -FE) total computed in Section I, cell E37 above by the district ' s total WFTE to obtain school ' sWFTE share.

Charter School WFTE

-

District's Total WFTE:

42,599.43

Additional Funding from the ESEGuaranteed Allocation. Enter the FTEfrom 11 L 1 l2 and 113 by grade andmatrix level. Students who do not have amatrix level should he considered 251.This total should equal all FTE fromprograms I 1 1. 112 and 113 above.

Total FTE with ESE Services

Port St. Lucie VoTech Charter School v2

10/4/20181:31 PM

4.

Supplemental Academic Instruction (LFTE share) (b) 9,982,821 x 0.7703%

S 76,8985.

Discretionary Tillage Compression Allocation.748 Mills (UFTE share) (b) 4,261,250 x 0.7703%

S 32,824

6.

Digital Classrooms Allocation (UFTE share) (b)(d) 999,430 x 0.7703%

S 7,699

7.

Safe Schools Allocation (LFTE share) (b) 2,126,045 x 0.7703%

S 16,377

8.

Instructional Materials Allocation (UFTE share) (b) 3,031,560 x 0.7703%

S 23,352

Dual Enrollment Instructional Materials Allocation (e) S -

ESE Applications Allocation: S

Charter schools should contact their school district sponsor re g ardin g eligibility and distribution of ESE Applications funds.

7,5529. dental Health Assistance Allocation (UFTE share) (b) 980,366 x 0.7703%

S

10. Total Funds Compression Allocation (UFTE share) (b) 909,876 x 0.7703%

S 7,009

11.

Declining Enrollment (WFTE share) (c) 0 s 0.7525%

S

12. Sparsity Supplement (WFTE share) (c) 0 x 0.7525%

S

13. Reading Allocation (WFTE share) (c) 1,776,071 x 0.7525%

S 13,365

14. Discretionary Local Effort (WFTE share) (c) 16,493,672 x 0.7525%,

S 124,115

15. Proration to Funds Available (WFTE share) (c) 0 0.7525%

S

16. Discretionary Lottery (WFTE share) (c) 69,758 0.7525%

S 525

17. Class Size Reduction Funds:

Weighted FTE (not including Add-On) X

DCD

X Allocation factors

PK - 3

0.0000

0.9952

1,321.39

4-8

320.5800

0.9952

901.32

9-12

0.0000

0.9952

903.50

Total

320.5800

Total Class Size Reduction Funds S

287,558

(*Total FTE should equal total in Section I, co/mm (4) and should not include am additional FTE f rom Section /.)

18. Student Transportation

(f)

Enter All .Adjusted Fundable Riders

0

x

394 S

Enter All Ailjustent ESE Riders

x

1,387 S

19. Federally Connected Student Supplement

(g)

0

287,558

0

Impact Aid Student "type

Number of Students

Military and Indian Lands

Civilians on Federal Lands

Students with Disabilities

Total

20. Florida Teachers Classroom Supply Assistance Program

(h)

21. Food Service Allocation

(i)

Impact AideExempt Property

StudentAllocation

Allocation

Total

50.00

S0.00 S

50.00 S

I S

S

S

S0.00

50.00 S

Total S

1,972,664

22. Funding for the purpose of calculating the administrative fee for ESE charter schools.

(j)

If you have more than a 75% ESE student population, please place a 1 in the following box:

S

Arera5eResermcperstudent: S

6,404.75

NOTES:

(a) Additional FTE includes FTE earned through Advanced Placement, international Baccalaureate, Advanced International Certificate of Education. IndustryCertified Career Education (C.-1PE). Early High School Graduation and the small district ESE Supplement. pursuant to s. 1011.62( I)(I-p). F.S.

(h) District allocations multiplied by percentage from item 3A.

(c) District allocations multiplied by percentage from item 3B.

(d) The Digital Classroom Allocation is provided pursuant to s. 1011.62(12). F.S.

(e) School districts are required to pay for instructional materials used for the instruction of public high school students who are earning credit toward high schoolgraduation under the dual enrollment program as provided in s. 1011.62(1)(i), F.S.

(f) Numbers entered here ssiii be multiplied by the district ierci t r ansportation Finding per rider. "Ali Adjusted Fundable Riders" shook' iuckute loth basic and ESERiders. All Adjusted ESE Riders" should include only ESE Riders.

84

16

Port St. Lucie VoTech Charter School v210/4/2018 1:31 PM

(g) The Federally Connected Student Supplement pro v ides additional funding for students on federal lands that receive Section 8003 impact aide pursuant to s.1011.62(13), F.S.

(h) Teacher Classroom Supply Assistance Program allocation pursuant to s. 1012.71, F.S., for certified teachers employed by a public school district or public charter

school before September 1 of each year whose full-time or job-share responsibility is the classroom instruction of students in prekindergarten through grade 12.

including full-time media specialists and certified school counselors serving students in prekindergarten through grade 12, who are funded through the FEFP.

(e) Funding based on student eligibility and meals provided, if participating in the National School Lunch Program.

(j) Consistent with s. 1002.33(20)(x), F.S., for charter schools with a population of 75% or more ESE students, the administrative fee shall be calculated based on

umveighted full-time equivalent students.

Administrative fees:

.-Idmtirris1rative fees charged bt' the school district pursuant to s 1002.33(20)10. F.S., shall he calculated based upon 5% of available funds fiznn the FEFP and categoricalf utdirtg for tc/tic/t charter students may he eligible. To calculate the administrative fee to he n•ithheld for schools with more than 250 students, divide the school populationinto 250.3 Gdtiplr that fi actimr times the funds available. then times 546.

For high perfhrnrirrg charter schools, administrative fees charged ht' the school district. shall he calculated based upon 246 of available funds from the FEET andcategorical funding for rr/lch charter students may he eligible. To calculate the administrative fee to he withheld fru• schools 'kith more than 250 students, divide the schoolpopulation into 250. 3beltiplr that fration times the funds acailahle, then dines 2%.

Other:

FEFP and categorical funding are recalculated during the year to reflect the revised number offull-time equivalent students reported during the survey periods designatedby the Commissioner of Education.

Revenues it to tr to districts frorm state sources andiron; count' tax collectors on various distrihution .schedules


Special-PurposeFinancial Statements and

Independent Auditors' Report

June 30, 2016

TABLE OF CONTENTS

Independent Auditors' Report 1-2

Financial StatementsSpecial-Purpose Statement of Financial Position 3Special-Purpose Statement of Activities 4Special-Purpose Statement of Cash Flows 5Notes to Special-Purpose Financial Statements 6-25

Supplementary Information:Report on Internal Control Over Financial Reportingand on Compliance and Other Matters Based on an Audit ofFinancial Statements Performed in Accordance withGovernment Auditing Standards 26-27

Special-Purpose Statement of Financial Position by CharterSchool 28-31

Special-Purpose Statement of Activities by CharterSchool 32-35

87

HLB GRAV1ER, LLPCERTIFIED PUBLIC ACCOUNTANTS

INDEPENDENT AUDITORS' REPORT

To the Board of Directors ofSomerset Academy, Inc.Pembroke Pines, Florida

We have audited the accompanying special-purpose statement of financial position of SomersetAcademy, Inc. (the `Organization") as of June 30, 2016, and the related special-purposestatements of activities. and cash flows for the year then ended. and the related notes to thefinancial statements.

ilana;eilrc'nt's Responsibility for the Financial Statements

Management is responsible for the preparation and fair presentation of these financial statementsIon the purpose of complying \ Nit!) section 31 of the Organization's facility lease a greements. inaccordance with the basis or accountin g indicated in Note 2. Management is also responsible forthe design, implementation, and maintenance of internal control relevant to the preparation andlair presentation of financial statements that are free from material misstatement, whether due tofraud or error.

1 tulitors ' Re.spon ibilitt

Our responsibility is to express an opinion on these special purpose consolidated financialstatements based on our audit. We conducted our audit in accordance with auditing standardsgenerally accepted in the United States of America. Those standards require that we plan andperform the audit to obtain reasonable assurance about vvhelher the financial statements are freeof material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts anddisclosures in the financial statements. The procedures selected depend on the auditor'sjudgment., including the assessment of the risks of material misstatement of the financialstatements, whether due to baud or error. In making those risk assessments, the auditor considersinternal control relevant to the entity's preparation and lair presentation of the financialstatements in order to design audit procedures that are appropriate in the circumstances, but notfor the purpose of expressing an opinion on the effectiveness of the entit y' s internal control.:\ccurdir'tl y . we express no such opinion. An audit also includes evaluating. tile appropriatenessof accoultinu lolieies used and the reasonableness of si g nificant accountin g estiinotes made bmanagement. his well as evaluating the overall presentation of the financial statements.

\\ c believe that the audit evIdence uc have obtained Is sufficient and appropriate to provide abasis for our audit opinion.

396 Al'tarnCra C rc;a, Stlire 900, ±.orai mates. Ft. 33134 ;

,A)Vii'.nibCt1ii !BS n:Oin

31)5 446 30

+ lax 305 446.6

88

01.8

Opinion

In our i*nion, the special-purpose financial statements referred to above present fairly, in allmaterial respects the financial position of' Somerset Academy inc., as of June 30, 2016 and thechan ges in its net assets and cash flows for the year then ended, on the basis of accountingindicated in Note 2.

Other Matters

Our audit was made for the purpose of forming an opinion on the special-purpose financialstatements of Somerset Academy. Inc. taken as a whole, The accompanying special-purposestatement of financial position by charter school and special-purpose statement of activities bycharter school on pages 28-35 is presented for purposes of additional analysis and is not arequired part of the special-purpose financial statements. Such information is the responsibilityof the Organization's management and was derived from and relates directly to the underlyingaccountin g and other records used to prepare the financial statements. The information has beensubjected to the auditing procedures applied in the audit of the special-purpose financialstatements and certain additional procedures. includin g comparing and reconciling suchinformation directly to the underlynng accounting and other records used to prepare the financialstatements or to the financial statements themselves in accordance with auditing standardsgenerally accepted in the United States of America. In our opinion. the information is fairlystated in all material respects in relation to the special-purpose financial statements as a whole.

Restriction on Use

This report is intended solel y fcr the information and use of the boards of directors andmanagement of the Organization and the Organization ' s Landlords and affiliates and is notintended to be and should not be used by anyone other than these specified parties.

CI RTIFIED PUBLIC ACCOUNTANTSCoral Gables. FloridaDecember 16. 2016

89

Somerset Academy, Inc.Special-Purpose Statement of Financial PositionJune 30, 2016

Assets

Current assets:Cash

Cash equivalents held in investments

Cash held on behalf of students and clubs

Prepaid expenses and other current assets

Accounts receivable, no allowance necessary

Due from affiliates

Due from governmental agencies

Total Current Assets

Deposits

Property and equipment, net

Long-term receivables from landlord

Total Assets

$

7,301,428

31,581,012

1,755,467

2,364,953

125,218

237,166

718,245

44,083,489

1,238,442

23,394,681

63,023

$

68,779,635

Liabilities and Net assets

Current liabilities:Accounts payable and accrued expenses $

5,945,651

Due to other schools 102,873

Current portion of long term debt 24,148

Current portion of leasehold improvement payable 212,500

Total Current Liabilities 6,285,172

Long term debt 2,550,091

Line of credit 400,000

Leasehold improvement payable 460,416

Accrued rent payable 4,503,019

Total Liabilities 14,198,698

Net assets:

Temporarily restricted 3,671,277

Restricted (designated per lease agreement) 1,607,198

Unrestricted 49,302,462

Total Net Assets 54,580,937

Total Liabilities and Net Assets $

68,779,635

The accompanying notes are an integral partof these financial statements.

3

90


Special-Purpose Statement of ActivitiesFor the year ended June 30, 2016

Support and Revenue: Unrestricted

Temporarily

Restricted TotalFIE and foundation revenues $ 109,920;271 $

14,711,028 $

124,631,299Capital outlay funding 4,734,190 4;734,190Federal grants 8,713,961 1,103,237 9,817,198Pre-K, leap program and lunch program fees 970,173 71,551 1,041,724Interest, fundraising and other revenue 7,073,654 499,564 7,573,218

131,412,249 16,3 85,3 80 147,797,629Net assets released from restrictions:

Restrictions satisfied by payments 15,410,332 (15,410,332)

Total Support and Revenue 146,822,581 975,048 147,797,629

Operating Expenses:

Instruction 69,769,220 - 69,769,220

Instructional staff training services 408,543 408,543

Board 593,068 593,068

School administration 19,829,995 19,829;995

Fiscal services 2,510,283 2,510,283

Food services 6,231,254 6,231,254

Central services 3,358,618 3,358,618

Pupil transportation services 513,725 513,725

Community services 4,015.193 4,015,193

Total Operating Expenses 107,229,899 107,229,899

Excess Support and Revenue Over Operating

Expenses and Before Facility Expenses 39,592,682 975,048 40,567,730

Facility Expenses:

Facilities acquisition and construction 710,060 710,060

Operation of plant 25,618,641 25,618,641

Plant improvement and maintenance 3,755,142 - 3,755,142

Debt services 233,329 233,329

Total Facility Expenses 30,317,172 30,317,172

Change in Net Assets 9,275,510 975,048 10,250,558

Net assets at beginning of year 41,740,487 2,696,229 44,436,716

Adjustments to net position-termination of charter (106,337) (106,337)

Net assets at end of year $

50,909,660 $

3,671,277 $

54,580,937

The accompanying notes are an integral part

of these financial statements.4

91

Somerset Academy, Inc.Special-Purpose Statement of Cash Flows

For the year ended June 30, 2016

Cash Flows from Operating Activities

Change in net assets $

10,250,558Adjustments to Reconcile Change in Net Assets to Net

Cash Provided by Operating Activities:

Depreciation and amortization 5,642,631

Change in Assets and Liabilities:

Decrease in accounts receivable 174,915Decrease in prepaid expenses and other current assets 868,06IIncrease in due from governmental agencies (375,660)

Increase in due from affiliates (143,321)Increase in deposits (345,897)Increase in long term receivables (8,000)

Increase in accounts payable and accrued expenses 736,840

Increase in accrued rent payable 627,661

Decrease in due to affiliates (207,711)

Decrease in deferred revenue (20,960)

Total adjustments 6,948,559

Net Cash Provided by Operating Activities 17,199,117

Cash Flows from Investing Activities

Acquisition of property and equipment (8,876,015)

Net Cash Used in Investing Activities (8,876,015)

Cash Flows provided by Financing Activities

Repayment of long term debt (366,038)


Net Cash Provided by Financing Activities 270,627

Net increase in cash and cash equivalents 8,593,729

Cash, at beginning of year 32,044,178

Cash, at end of year $

40,637,907

Cash and cash equivalents $

7,301,428

Cash equivalents held in investments 31,581,012

Cash due to students and clubs 1,755,467

Cash and cash equivalents at the end of the year $

40,637,907


of these financial statements.

5

92

Somerset Academy, Inc.Notes to Special-Purpose Financial StatementsJune 30, 2016

Note 1 - Organization and Operations

Somerset Academy, Inc. (the " Organization"), is a not-for-profit corporation organized in theState of Florida, which holds the charter of the following charter schools (the "Schools"):

• Somerset Academy and Somerset Neighborhood School, Somerset Academy MiddleSchool, Somerset Academy High School, and Somerset Arts Conservatory ("Chapel TrailCampus");

• Somerset Academy Miramar Campus, Somerset Academy Miramar South, and SomersetAcademy Middle School Miramar Campus ("Miramar Campus");

• Somerset Academy Davie Charter School;• Somerset Preparatory Charter Middle School and Somerset Academy High School

Miramar Campus ("Central Miramar Campus");• Somerset Academy East Preparatory;• Somerset Academy Village and Somerset Academy Village Charter Middle School

("Village Campus");• Somerset Preparatory Academy Charter School at North Lauderdale and Somerset

Preparatory Academy Charter High School at North Lauderdale ("North LauderdaleCampus");

• Somerset Pines Academy;• Somerset Academy Pompano and Somerset Academy Pompano Middle School

("Pompano Campus");• Somerset Academy Hollywood and Somerset Academy Hollywood Middle School

(Hollywood Campus");• Somerset Academy Boca and Somerset Academy Boca Middle ("Boca Campus");• Somerset Academy Canyons Middle School and Somerset Academy Canyons High

School ("Boynton Beach Campus");• Somerset Academy (Dade) and Somerset Academy Middle School (Dade) ("Eureka

Drive Campus");• Somerset Academy Elementary South Homestead;• Somerset Academy Middle South Homestead, and Somerset Academy High South

Homestead ("South Homestead Campus");• Somerset Preparatory Academy at Silver Palms;• Somerset Academy at Silver Palms, Somerset Academy High School (Dade), and

Somerset Academy High School (South Campus) ("Silver Palms Campus");• Somerset Arts Academy, Somerset Middle Country Palms, and Somerset Oaks Academy

("Homestead Campus");• Somerset Academy Elementary School (South Miami Campus) and Somerset Academy

Middle School (South Miami Campus) ("South Miami Campus");• Somerset Gables Academy;• Somerset Academy Eagle Campus, Somerset Academy Middle Eagle Campus, and

Somerset Academy High School Eagle Campus ("Eagle Campus");

6

93


Note 1 - Organization and Operations (continued)

• Somerset Academy Bay and Somerset Academy Somerset Academy Bay Middle ("BayCampus")

• Somerset Preparatory Academy• Somerset College Preparatory Academy (f/k/a College Preparatory Academy of The

Treasure Coast);• Somerset Virtual;• Brooks Academy of Science and Engineering;• Somerset Preparatory Sunset Dade;

The Schools operate under charters granted by the sponsoring districts (the "Districts"): theDistrict School Board of Miami-Dade County, the District School Board of Broward County, theDistrict School Board of Duval County, the District School Board of Palm Beach County, TheDistrict School Board of St Lucie County, Florida and the Texas State Board of Education. Thecharter contracts expire between June 30, 2017 and June 30, 2030 and are renewable for anadditional term pursuant to law and/or by a mutual written agreement between the Schools andthe Districts.

Somerset Virtual Academy is a private premier school for students approved by the FloridaDepartment of Education as a Virtual Instruction Program.

These financial statements are for the year ended June 30, 2016 when the Organization'scombined enrollment amounted to approximately 17,400 students.

Note 2 - Summary of Significant Accounting Policies

Basis of Accounting and PresentationAll of the individual Florida charter schools under the Organization are required to report underthe requirements of the Governmental Accounting Standards Board and have done so inseparately issued financial statements. In addition, the charter schools that are sponsored by theDistrict School Boards of St Lucie County, Broward County and Duval County also report ascomponent units of those counties. The Texas Charter School is not a component unit of adistrict and issues individual charter school financial statements under State guidelines. Thesespecial-purpose financial statements, however, are prepared in accordance with accountingprinciples generally accepted in the United States of America for non-governmental, not-for-profit organizations, as required by the Organization's various facility lease agreements (section31) and by the Texas State Board of Education. The Organization's financial statements havebeen prepared combining the financial condition and operations of the Schools under the samecorporation. Inter-charter school transactions have been eliminated in these financial statements.

7

94


Note 2 - Summary of Significant Accounting Policies (continued)

For purposes of these special-purpose financial statements, the Organization has adopted FASBAccounting Standards Codification (ASC) 958, Not-for-Profit Entities Presentation of FinancialStatements. ASC 958 establishes external financial reporting for not-for-profit organizationswhich includes three basic financial statements and the classification of resources into threeseparate classes of net assets, Unrestricted, Temporarily Restricted and Permanently Restricted.The net assets categories as reflected in the accompanying special-purpose financial statementsare as follows:

UnrestrictedNet assets which are free of donor-imposed restrictions, and include all revenues, expenses, gainsand losses that are not changes in permanently or temporarily restricted net assets.

Temporarily RestrictedNet assets whose use by the Organization are limited by grantor or donor-imposed stipulationsthat either expire by passage of time or that can be fulfilled or removed by actions of theOrganization pursuant to those stipulations. When a restriction expires, temporarily restricted netassets are reclassified to unrestricted net assets and reported in the statement of activities as netassets released from restrictions.

Permanently Restricted FundNet assets whose use by the Organization is limited by donor-imposed stipulations that neitherexpire with the passage of time nor can be fulfilled or otherwise removed by actions of theOrganization. There are no permanently restricted funds at June 30, 2016.

Cash, Cash Equivalents, and InvestmentsCash and cash equivalents include all highly liquid investments with a maturity of three monthsor less, The Organization has not adopted a formal investment policy; however the Organizationinvests excess deposit funds in a governmental money market mutual fund which can beredeemed daily.

Cash Held on Behalf of Students and ClubsAccounts for resources of the Organization's Internal Fund, which is used to administer moniescollected at the Schools in connection with school, student athletics, class, and club activities.

Due from Governmental AgenciesAmounts due to the Organization by governmental agencies are for grants or programs underwhich the services have been provided by the Organization. Receivables are recorded at netrealizable value and no allowance for doubtful account was necessary at year end.

8

95



Capital AssetsThe Organization's property, plant and equipment with useful lives of more than one year arestated at historical cost. Donated capital assets are recorded at their estimated fair market valueon the date donated. The Organization generally capitalizes assets with cost of $500 or more.Building improvements, additions and other capital outlays that significantly extend the usefullife of an asset are capitalized. The costs of normal maintenance and repairs that do not add tothe asset value or materially extend useful lives are not capitalized. Capital assets are depreciatedusing the straight-line method. When capital assets are disposed, the cost and applicableaccumulated depreciation are removed from the respective accounts, and the resulting gain orloss is recorded in operations.

Estimated useful lives, in years, for depreciable assets are as follows:

Building & Improvements

10-20 YearsFurniture, Equipment and Textbooks

3-5 YearsComputer Equipment

3-5 Years

Revenue SourcesRevenues for operations will be received primarily from the State through the Districts pursuantto the funding provisions included in the various school charters. In accordance with the fundingprovisions of the charters and Florida and Texas Statutes, the Schools will report the number offull-time equivalent (FTE) students and related data to the Districts. Government fundsrestricted by grantors for operating purposes are deemed to be earned and reported as revenuewhen the Schools have incurred expenditures in compliance with the specific restrictions. Inaddition, the Schools receive an annual allocation of charter school capital outlay funds forleasing of school facilities.

Finally, the Organization also receives Federal awards for the enhancement of variouseducational programs. Federal awards are generally received based on applications submitted toand approved by various granting agencies. For Federal awards in which a claim to these grantproceeds is based on incurring eligible expenditures, revenue is recognized to the extent thateligible expenditures have been incurred. Any excess amounts are recorded as defer red revenuesuntil expended. Additionally, other revenues may be derived from various fundraising activitiesand certain other programs.

Operating LeasesIn accordance with ASC No. 840, the Organization is recognizing rental expense on its operatinglease agreements on a straight-line basis.

9

96



Compensated AbsencesThe Organization grants a specific number of sick days. Full time instructional employees areeligible to one day per month to up to ten days of active work during the ten-month period (a"benefit year"). In the event that available time is not used by the end of the benefit year,employees may "rollover" all unused days for use in future benefit years. There is anopportunity to "cash out" unused sick days however, the employees may only cash out if theyhave used three days or less of their sick leave in that benefit year. Employees may not cash outmore than ten days per school year and are required to always maintain a minimum of twentyone unused days. The cash out value is eighty percent of their current daily rate. There is notermination payment for accumulated unused sick days. Accordingly, these financial statementsdo not include an accrual for sick days available to be used in future benefits years.

The Organization also provides certain days to be used for specific personal matter such asfamily death and jury duty. Because the use of such days is contingent upon those events takingplace and such events are out of the control of both the employer and the employee, there is noaccrual for such days.

For the charter school located in Texas, the Organization grants a specific number of personaldays. Full time instructional employees are eligible to 0.66 days per month or up to eight daysduring the twelve-month contract period. In the event that available time is not used by the endof the benefit year, employees may "rollover" a total of five days per year. There is anopportunity to "cash out" unused days at the end of the year or at termination of employment,whichever occurs first, at a rate equal to the employee's daily rate of pay.

Income TaxesSomerset Academy, Inc. qualifies as a tax-exempt organization under Internal Revenue CodeSection 501(c)(3), and is, therefore, exempt from income tax. Accordingly, no tax provision hasbeen made in the accompanying financial statements,

The Organization adopted "Accounting for Uncertainties in Income Taxes" as prescribed by theFinancial Accounting Standards Board Accounting Standards Codification, which providesguidance for financial statement recognition and measurement of uncertain tax positions taken orexpected to be taken in a tax return for open tax years (generally a period of three years from thelater of each return's due date or the date filed) that remain subject to examination by theOrganization's major tax jurisdictions. Under that guidance the Organization assesses thelikelihood, based on technical merit, that tax positions will be sustained upon examination basedon the facts, circumstances and information available at the end of the each period. Adoptionhad no effect on the Organization's financial statements.

10

97



Fair Value of Financial InstrumentsCash and cash equivalents, receivables, and prepaid expenses, as well as account payable andaccrued expenses as reflected in the Special Purpose Statement of Financial Positionapproximate fair value because of their generally short-term maturities.

Use of EstimatesThe preparation of financial statements in conformity with accounting principles generallyaccepted in the United States requires management to make estimates and assumptions thataffect the reported amounts of assets and liabilities and disclosure of contingent assets andliabilities at the date of the financial statements and reported amounts of revenues andexpenditures during the reporting period. Actual results could differ from those estimates.

Subsequent EventsIn accordance with ASC 855, the Organization has evaluated subsequent events and transactionsfor potential recognition or disclosure through December 16, 2016 which is the date the financialstatements were available to be issued.

Note 3 -Capital Assets

The following schedule provides a summary of capital assets:

Balance6/30/2016

Capital Assets (non-depreciable):Construction in progress $

530,385Land 78,186

608,571Capital Assets (depreciable):Building and Improvements 18,569,458Computer equipment 9,617,143Furniture, equipment and textbooks 25,512,447Software 84,210

Total Capital Assets 54,391,829

11

98


Note 3 -Capital Assets (continued)

Less Accumulated Depreciation:Buildings and Improvements (7,016,660)Computer equipment (5,658,316)Furniture, equipment and textbooks (18,269,003)Software (53,169)

Total Accumulated Depreciation (30,997,148)

Capital Assets, net

$ 23,394,681

For the fiscal year ended June 30, 2016, depreciation expense is allocated in the Statement ofActivities by function as follows:

Instruction $

3,979,244School administration 4,570Facilities acquisition 701,210Food services 86,891Community Service 31,471Operation of plant 284,447Maintenance of plant 554,796

Total Depreciation Expense $

5,642,629

Note 4 - Management Agreements

Academica Dade, LLC (as to charter schools located in Miami-Dade County and Duval County),Academica Broward, LLC ( as to charter schools located in Broward County, Palm BeachCounty and St Lucie County), and Academica SW, LLC (as to charter schools located in Texas),each a professional charter school management company, provide management andadministrative services to the Organization including, but not limited to, facility design, staffingrecommendations, human resource coordination, regulatory compliance, legal and corporateupkeep, maintenance of the books and records, bookkeeping, budgeting and financial reporting.

The agreement between Academica Management SW, LLC, and Brooks Academy of Science &Engineering, located in San Antonio, TX calls for a fee of $650 per student Full Time Equivalent(PTE) per annum. The fee may be adjusted annually at each anniversary based on the change inthe prior year's Consumer Price Index.

12

99


Note 4 - Management Agreements (continued)

The agreements are for a period of five years, with options to renew. During the year ended June30, 2016, the Organization incurred approximately $8,630,413 in management fees.

Note 5 - Related Party Transactions

Somerset Virtual Academy charges other various charter schools under common management afee for supplies and professional and technical services. During the year, Somerset VirtualAcademy provided approximately $325,510 in connection with these charges. Accountsreceivable and payable at June 30, 2016, as follows:

AccountsReceivable

AccountsPayable

Somerset Foundation $

14,762 $

Somerset Old Cutler 1,993

Somerset Nevada 162,836

Somerset Shores 550

Academica Dade, LLC. 2,111

Doral Academy, Inc. 14,000

ISAAC, Inc. 35,224

School Development HC, LLC. 200,000

$

182,252 $

249,224

Note 6 - Cash and Cash Equivalents

DepositsThe Organization maintains its cash and cash equivalents in major banks and in high gradeinvestments. As of June 30, 2016, the Organization had deposits in excess of the FederalDepository Insurance Corporation (FDIC) coverage of approximately $10,453,250. TheOrganization also had approximately $38,830,000 that was invested in a governmental moneymarket mutual fund.

Cash Equivalents and Credit RiskThe government money market mutual fund values its portfolio securities at amortized costwhich approximates fair value, The government money market mutual fund primarily invests incash, high quality, short-term U.S. government securities and/or repurchase agreements that arecollateralized fully by government securities that have been valued by the fund as Level 2. As ofJanuary 1, 2016, the fund's annual report, maturities of the fund's portfolio holdings areapproximately 83% within 30 days,

13

ioo


Note 6 - Cash and Cash Equivalents (continued)

Credit RiskConcentration of credit risk is the risk of loss attributed to the magnitude of investments in asingle issuer. The Organization manages its exposure to credit risk by limiting investments tohighly rated government money market mutual funds. The fund is rated Aaa-mf by Moody's.

Custodial credit risk is the risk that in the event of a failure of a depository financial institutionor counterparty that is in possession of investment or collateral securities, the Organization willnot be able to recover deposits or will not be able to recover collateral securities that are in thepossession of an outside party. For an investment, custodial credit risk is the risk that in the eventof the failure of the counterparty to a transaction, the School will not be able to recover the valueof investments or collateral securities that are in the possession of an outside party. At June 30,2016, all of the School's investments in government money market mutual funds were held in aseparate account and designated as assets of the School.

Interest rate risk is the risk that changes in interest rate will adversely affect the fair value of aninvestment. The School manages its exposure to declines in fair values by limiting allinvestments to government money market mutual funds that can be redeemed daily.

14

101


Note 7 - Commitments, Contingencies and Concentrations

Broward School Development, LLC, Broward School Development II, LLC and

Broward School Development III, LLC, for Somerset Academy and Somerset

Neighborhood School, Somerset Arts Conservatory, Somerset Academy Middle

School, and Somerset Academy Charter High School through August 15, 2024, with

an option to renew for an additional five-year term,

$

45,294,376

Film, LLC, for Somerset Academy - Miramar Campus, and Somerset Academy

Middle School - Miramar Campus through August 1, 2026, with an option to renew

for an additional five-year term.

$

15,419,580

Varsity Square, LLC, for Somerset Academy Davie Charter School through August

31, 2018, with the option to renew for three additional five year terms.

$

275,000

Florida Bible Church, Inc., for Somerset Preparatory Charter Middle School, and

Somerset Academy Charter High School (Miramar Campus), Somerset Academy

Hollywood Middle and Somerset Neighborhood School through June 30, 2018, and

automatically renews for an additional renewal term of two years. At the expiration

of the renewal term, the lease automatically renews for additional renewl -terms of

two years each.

$

980,000

Archdiocese of Miami, Inc., for Somerset Academy East Preparatory, and Somerset

Academy Hollywood through June 30, 2020, and automatically renews at the

expiration of the initial term for an additional term of five years.

$

1,060,000

City of North Lauderdale, for Somerset Preparatory Academy Charter School at

North Lauderdale, and Somerset Preparatory Academy Charter High at North

Lauderdale through June 30, 2020, with an option to renew for three additional five-

year terms.

$

3,196,000

Archdiocese of Miami, Inc., for Somerset Pines Academy through June 30, 2020

and shall automatically renew at the expiration of the initial term for an additional

term of five years, unless cancelled by either party.

$

1,466,496

15

102


Note 7 - Commitments, Contingencies and Concentrations (continued)

New Covenant Church, Inc., for Somerset Academy Pompano through June 30,

2017, and automatically renews at the expiration of the initial term for an additional

term of three years. During 2016 This facility was shared with Somerset Key

Charter Middle School. Effective July 1st, 2016 Somerset Academy Key Charter

Middle School will no longer share facilities with the school due to relocation of its

campus.

$

126,000

Temple Beth El of Boca Raton, Inc., for Somerset Academy Boca and Somerset

Academy Boca Middle through July 15, 2017, and shall automatically renew at the

expiration of the initial term for an additional term of three years. At expiration of the

renewal term, the agreement shall automatically renew for additional terms of two

years, the intent and effect of such being to create a continuous two year floating

renewal period.

$

75,447

Boynton School Property, LLC, for Somerset Academy Canyons Middle School, and

Somerset Academy Canyons High School through July 31, 2033, with the option to

extend the term for three additional periods of five years each,

$

31,551,513

Valencia School Development, LLC, for Somerset Academy, and Somerset

Academy Charter Middle School through August 15 , 2026 with an option to renew

for an additional five-year term,

$

8,548,690

Archdiocese of Miami, Inc., for Somerset Academy Charter Elementary School

(South Homestead) through August 15, 2015, with one automatic renewal for two

years which was exercised,

$

405,000

Soho School Development, LLC, for Somerset Academy Charter Middle School

(South Homestead), and Somerset Academy Charter High School (South

Homestead) through July 31, 2035, with an option to renew for three additional

periods of five-year term.

$

22,450,391

Southwestern Grant II, LLC (Phase I), for Somerset Preparatory Academy at Silver

Palms through July 31, 2031,

$

12,689,713

Southwestern Grant II, LLC (Phase I), for Somerset Preparatory Academy at Silver

Palms, and Somerset Academy at Silver Palms through July 31, 2031 with an option

to renew for an additional five-year term.

$

6,407,235

16

103



Southwestern Grant, LLC, for Somerset Academy at Silver Palms, Somerset

Academy Charter High School, and Somerset Academy Charter High School (South

Campus) through July 31, 2027, with an option to renew for an additional five-year

term.

$

17,103,801

City Church of Homestead, for Somerset Arts Academy and Somerset Academy

Middle School (Country Palms) through August 16, 2018, with an automatic three

year renewal, and subsequent two year automatic renewals thereafter unless

terminated.

$

196,000

Homestead Charter, LLC, for Somerset Oaks Academy through June 30, 2019, with

an option to renew the term of this agreement for five additional terms of five years

each.

$

1,368,120

Somi Group, LLC, Inc., for Somerset Academy Elementary School (South Miami

Campus), and Somerset Academy Middle School (South Miami Campus) through

July 31, 2029.

$

8,153,052

Pinewood Acres School, Inc., Lones Family LTD Partnership, and Lee S. Lones &

Judy C, for Somerset Academy Bay, and Somerset Academy Bay Middle through

June 30, 2018, and may be renewed for three additional five year periods.

$

750,000

The University Baptist Church of Coral Gables, Inc., for Somerset Gables Academy

through August 16, 2017 with an automatic two year renewal period unless

terminated.

$

77,000

Centro Cristiano de Amor y Fe, Inc., for Somerset Gables Academy through May

31, 2016, with an automatic three year renewal period unless terminated.

$

165,000

Saint Patrick School Development, LLC, for Somerset Preparatory Academy

through July 31 , 2033. with an option to renew for two additional successive periods

of five years each.

$

6,751,913

Lonestar School Development, LLC, for Somerset Eagle Campus and Somerset

Eagle Middle through July 31, 2031 with an option to renew for an additional five-

year term.

$

4,713,078

17

104


Note 7 - Commitments, Contingencies and Concentrations (continued)Zion Evangelical Lutheran Church of Pompano Beach for Somerset Key Charter Middleand Somerset Key Charter High through June 30, 2021 with eight additional five yearrenewal options commencing on July 1, 2021,

$

2,100,000

Dave and Mary Alper Jewish Community Center for Somerset Preparatory AcademySunset through June 30, 2020 with an option to extend for an additional two years. Thelease also provides two additional four years extension options,

$

287,100

Archdiocese of Miami, Inc., for Somerset Academy Village, and Somerset AcademyVillage Middle through June 30, 2020.

$

1,360,000

Archdiocese of San Antonio for Brooks Academy of Science & Engineering throughJuly 31, 2019 with an option to extend for additional twelve months,

$

170,600

Goliad Grant, LLC for Brooks Academy of Science & Engineering through August 31,2028 with an option to extend for additional five years.

$

23,028,060

St. George Maronite Catholic Church for Brooks Academy of Science & Engineeringthrough July 31, 2021 with two options to renew for additional five year terms each,

$

495,833

SLAM Foundation, Inc. for Somerset Academy, Inc. through July 30, 2036 with anoption to extend for an additional five years,

$

18,375,252

Grand Total

$

235,040,250

For 2016, rent expense totaled approximately $20,217,720, of which approximately $20,217,630related to facility lease. The Organization prepaid rent of approximately $1,111,600 as of June30, 2016. Future minimum payments under these leases are as follows:

2017 $

21,618,135

2018 21,471,259

2019 20,748,831

2020 20,407,716

2021 18,729,836

Thereafter 132,064,473

$ 235,040,250

18

105



ContingenciesFor the year ended June 30, 2016, the Organization received approximately 94% of its revenuesfrom Federal, State and local governmental agencies in the form of grants. The disbursement offunds received under these programs generally requires compliance with terms and conditionsspecified in the grant agreements and may be subject to audit by the grantor agencies.

Note 8 -Leasehold Improvement Payable

Per the executed lease and security agreement for the South Miami Campus, the Organizationhas agreed to reimburse the landlord for certain leasehold improvements made to the facility forpurposes specific to the operations of the School. Total capitalized amounts to be reimbursed bythe School to the landlord for such improvements totaled $1,002,398 and will be paid to thelandlord over the remaining term of the initial lease in addition to the fixed rent.

Per the executed sublease agreement for the Somerset Prep at Silver Palms facility and SomersetSilver Palms, the Organization has agreed to reimburse the landlord for certain leaseholdimprovements made to the facilities for purposes specific to the operations of the Schools. Totalcapitalized amounts to be reimbursed by the Schools to the landlord for such improvementstotaled $850,000, of which $672,916 were payable at year end.

The following schedule provides a summary of changes in leasehold improvements payable forthe year ended June 30, 2016:

Balance07/01/15 Additions Deletions

Balance06/30/16

Somerset Academy at Silver Palms $ $

425,000 $

(88,542) $

336,458

Somerset Preparatory Academy at Silver Palms 36,251 425,000 (124,793) 336,458

Total Leasehold Improvements Payable S 36,251 S

850,000 5

(213,335) $

672,916

Future minimum principal payments for the tenant improvements are as follows:

Year2017 $ 212,5002018 212,5002019 212,5002020 35,416

$ 672,916

19

106


Note 9 - Risk Management

The Organization is exposed to various risks of loss related to torts ; thefts of, damage to anddestruction of assets, errors and omissions and natural disasters for which the Organizationcarries commercial insurance. Settlement amounts have not exceeded insurance coverage for thepast years. In addition, there were no reductions in insurance coverage from those in the prioryear.

Note 10 - Defined Contribution Retirement Plan

The Organization's personnel, which are leased through ADP TotalSource Group, Inc., areeligible to participate in a defined contribution 401(k) plan sponsored by the leasing company,covering employees who meet certain age and tenure requirements. Under the ADP TotalSourceRetirement Savings Plan (the "Plan"), the Organization provides a match of 50% of theemployee's contribution up to 4% of the employee ' s compensation. The Organizationcontributed to the Plan approximately $553,014 for the year ended June 30, 2016. TheOrganization does not exercise any control or fiduciary responsibility over the Plans' assets,which are administered by NlassMutual Financial Group.

All of the Organization's employees in the Texas charter school participate in the TeacherRetirement System of Texas (the System), a public employee retirement system. It is cost-sharing, multiple-employer defined benefit pension plan with the exception that all risks andcosts are not shared by the Organization, but are the liability of the State of Texas. The Systemprovides service retirement and disability retirement benefits, and death benefits to planmembers and beneficiaries. The System operates under the authority of provisions containedprimarily in Texas Government Code, Title 8, Public Retirement Systems, Subtitle C, TeacherRetirement System of Texas. Under provisions in State law, plan members are required tocontribute 7.2% of their monthly salary and the State of Texas contributes an amount equal to6.8% of the School's covered payroll. The Organizations contribution to the System for the yearending June 30, 2016 was approximately $200,146.

20

107


Note 11 - Defined Benefit Pension Plan

Plan DescriptionBrooks Academy of Science and Engineering participates in a cost-sharing multiple-employerdefined benefit pension plan that has a special funding situation. The plan is administered by theTeachers Retirement System ("TRS"). The TRS defined benefit pension plan is established andadministered in accordance with the Texas Constitution, Article XVI, Section 67 and TexasGovernment Code. Title 8, Subtitle C. The pension trust fund is a qualified pension trust underSection 401(a) of the Internal Revenue Code. The Texas Legislature establishes benefits andcontribution rates within the guidelines of the Texas Constitution. The pension's board oftrustees does not have the authority to establish or amend benefit terms. The TRS plan does notinclude a collective-bargaining agreement.

All employees of public, state-supported educational institutions in Texas who are employed forone-half or more of the standard work load and who are not exempted from membership underTexas Government Code, Title 8, Section 822.002 are covered by TRS.

The TRS plan differs from single-employer plan in the following ways:

1. Charters are legally separate entities from the state and each other.

2. Assets contributed by one charter or independent school district ("ISD") may be used forthe benefit of an employee of another charter or ISD.

3. The unfunded obligations get passed along to other charters or ISDs.

4. There is not a withdrawal penalty for leaving the TRS system.

Pension Plan Fiduciary Net PositionAt August 31, 2015, TRS' total plan assets were $149,780,061,824; accumulated benefitobligation was $163,887,375,172; and the plan was 78.43% unfunded.

Detailed information about TRS' fiduciary net position is available in a separately issuedComprehensive Annual Financial Report ("CAFR") that includes financial statements andrequired supplementary information. That report may be obtained on the Internet athttp:/lwww.trs.state.tx.us/about/documents/cafr.pdf##CAFR; by writing to TRS at 1000 RedRiver Street, Austin. TX, 78701-2698; or by calling (512) 542-6592.

21

108


Note 11 - Defined Benefit Pension Plan (continued)

ContributionsContribution requirements are established or amended pursuant to Article 16, Section 67 of theTexas Constitution, which requires the Texas legislature to establish a member contribution rateof not less than 6% of the member's annual compensation and a state contribution rate not lessthan 6% and not more than 10% of the aggregate annual compensation paid to members of TRSduring the fiscal year. Texas Government Code, Section 821.006 prohibits benefitimprovements, if as a result of the particular action, the time required to amortize TRS' unfundedactuarial liabilities would be increased to a period that exceeds 31 years, or, of the amortizationperiod already exceeds 31 years, the period would be increased by such action.

Employee contribution rates are set in state statue, Texas Government Code, Section 825.402.Senate Bill 1458 of the 83 `d Texas Legislature amended Texas Government Code, Section825.402 for member contributions and established employee contribution rates for fiscal year2014 thru 2017. It also added a 1,5% contribution for employers not paying Old Age Survivorand Disability Insurance ("OASDI") on certain employees effective for fiscal year 2015, asdiscussed in Note 1 of the TRS 2014 CAFR. The 83 rd Texas Legislature, General AppropriationsAct ("GAA") established the employer contribution rates for fiscal years 2014 and 2015. The84th Texas Legislature, GAA established the employer contribution rates for fiscal years 2016and 2017.

Contributors to the plan include members, the School, and the state of Texas as the onlynonemployer contributing entity ("NECE"). The state is the employer for senior colleges,medical schools, and state agencies, including TRS. In each respective role, the state contributesto the plan in accordance with state statutes and the GAA.

As the NECE for public education and junior colleges, the state of Texas contributes to TRS anamount equal to the current employer contribution rate times the aggregate annual compensationof all participating members of the pension trust fund during that fiscal year reduced by theamounts described below which are paid by the School. The School is required to pay theemployer contribution rate in the following instances:

• On the portion of the members' salary that exceeds the statutory minimum for membersentitled to the statutory minimum under Section 21.402 of the TEC.

• During a new member's first 90 days of employment.

• When any part or all of an employee's salary is paid by federal funding sources, aprivately sponsored source, from noneducational and general, or local funds.

• When the employing district is a public junior college or junior college district, thedistrict shall contribute to TRS an amount equal to 50% of the state contribution rate forcertain instructional or administrative employees; and 100% of the state contribution ratefor all other employees.

22

109



In addition to the School employer contributions listed-below, when employing a retiree of TRS,the School shall pay both the member contribution and the state contribution as a employmentafter retirement surcharge. The School's contribution to TRS does not represent more than 5% ofthe total contributions to the TRS plan. There have been no changes that would affect thecomparison of employer contributions from year to year.

Contribution Rates

2016

Member 7.2%

NECE 6.8%

Employers 6.8%

Employer contributions $

44,786

Member contributions $

36,239

Non-OASDI contributions $

104,857

Note 12 - Temporarily Restricted Net Assets

Temporarily restricted net assets for the year ending June 30, 2016 consisted of $3,671,277 inFederal Public Charter School Program grants and Texas Foundation School Program revenuesand grants.

Note 13 - Long Term Debt

On December 2011, the Organization entered into construction loan agreements with BuildingHope, a Charter School Facilities Fund ("Lender"), for building improvements of the SomersetHigh (Broward), College Preparatory of the Treasure Coast and Central Miramar Campus. Thelender has made a commitment to make a loan to the Organization for a maximum amount of$2,400,000 as evidenced by promissory notes for each campus in the amount of $2,000,000 and$400,000, respectively. Under the terms of the Somerset High (Broward) loan agreement, theloan shall bear interest of seven percent (7%) through July 1, 2015, and twelve percent (12%)thereafter until maturity of July 1, 2018. This loan agreement was refinanced during 2015 withRegions Bank under a term loan agreement. Under the terms of the Central Miramar Campusloan agreement, the loan shall bear interest of six percent (6%) until maturity of December 1,2015. As of June 30, 2016 the loan was fully repaid. Under the terms of the College PrepAcademy loan agreement, the loan bears interest at 7% per annum until maturity of June 14,2016. As of June 30, 2016, the facility was fully repaid. College Prep Academy entered into acapital lease for the acquisition of computer equipment. Monthly payments under the capitallease agreement are $3,097 through August 2017.

23

iio


Note 13 - Long Term Debt (continued)

Somerset Academy, Inc. obtained a term loan from Region's Bank in the amount of $600,000.This note matures on March 12, 2020 and accrues interest at 3.60%. This note is secured bySomerset Academy Silver Palms School's assets.

During 2015 Somerset Academy, Inc. refinanced the Building Hope loan agreement andobtained a term loan from Region ' s Bank in the amount of $2,000,000 fully paying BuildingI-lope. This note matures on March 12, 2019 and accrues interest at 3.40%. This note is securedby Somerset Academy Charter High School's assets.

Somerset Academy Eagle Campus obtained a non interest bearing advance from AcademicaDade, LLC with no stated repayment date.

Brooks Academy of Science & Engineering entered into a Promissory Note with Jefferson Bankon February 12, 2014 for the amount of $100,000. This Promissory Note bears interest at 3.75%and matures on February 5, 2017. This school also obtained a loan from Jefferson Bank onAugust 26, 2014 for the amount of $325,000. This loan bears interest at 4.75% and matures onAugust 26, 2017.

Commencing on the first payment date and for the remainder of the terms of each note, paymentsof principal and interest on the outstanding principal balance of the loan, based on equal monthlyprincipal and interest payments, are due and payable. All principal, interest, and unpaid costsshall be due and payable on maturity. Interest expense was approximately $107,523 for the yearended June 30, 2016.

Future maturities of the three construction loan agreements and capital leases are as follows as ofJune 30, 2016:

Future Payments LID

Year2017 $

456,285

2018 304,037

2019 1,108,240

2020 506,399

Total $

2,374,961

24

111



The following schedule provides a summary of changes in long-term debt for the year endedJune 30, 2016:

Lender 7/1/2015

Balance

Additions Deletions Refinance

Balance

6/30/2016

Building Hope - II $

55,236

S $

(55,236)

$ $

Building Hope - III 60,672

- (32,421) 28,251

Building Hope - Promissory Note 62,211 (62,211)

Regions term loan 587,330 (13,044) 574,286

Regions term loan 1,860, 960 (258,723) 1,602,237

Academica 15,000 15,000

Jefferson Bank 59,507 (36,311) 23,196

Jefferson Bank 239,361 (107, 370) 131,991

S 2,940,277

$ S (565,316)

$ $

2,374,961

25

112

SUPPLEMENTARY INFORMATION

113

G RAVI ER, LLPCERTIFIED PUBLIC ACCOUNTANTS

REPORT ON INTERNAL CONTROL OVER FINANCIALREPORTING AND ON COMPLIANCE AND OTHERMATTERS BASED ON ,AN AUDIT OF FINANCIALSTATEMEN ifS PERFORMED IN ACCORDANCE WIT -I

UDITIIA'C ST1Na-I RDS

Board of Directors orSomerset Academy. Inc.Pembroke Pines. Florida

We have audited the financial statements of the governmental activities and each majorfund of Somerset Academy. inc. (the "Organization - ) as or, and for the year ended June30. 2016, and have issued our report thereon dated December 16. 2016. We conductedour audit in accordance with auditing standards generally accepted in the United States ofAmerica and the standards applicable to financial audits contained in Government

Auditing iSlhinclords, issued by the Comptroller General of the United States.

Internal Control Over Financial Reportin g.In planning and performing our audit. we considered the School's internal control over

financial reporting as a basis for desi gning our auditing procedures for the purpose ofexpressing our opinion on the financial statements. but not for the purpose of expressingan opinion on the effectiveness of the School's internal control over financial reporting,Accordingly, we do not express an opinion on the effectiveness of the School's internal

control over financial reporting,

(kiiciency in internal control exists when the design or operation or a control does not

allo nv management or employees_ in the normal course or pet-Conning their assignedCunctions, to prevent, or detect and correct misstatements on a timely basis. A )urlteria/leLit .1kness is a deficiency. or a combination of deficiencies. in internal control such thatthere is a reasonable possibiLty that a material misstatement of the School's financialstatements will not be prevented. or detected and corrected on a timely basis.

Our consideration of internal control over financial reporting was for the limited purposedescribed in the first paragrnph of this section and was not designed to identify alldeficiencies in internal control over Financial reporting that might he deficiencies,significant deficiencies or material eaknesses. We did not identiry an\ deficiencies ininternal control over Ftnaneial reporting that \\e consider to be material weaknesses. as

defined above.

396 Airiami-aa Circle. Saab 900. Cowie Gables rt 33134 * far 305 446.3022 *

305.446 6 3 19

WWW.ha-Mavler,cofn

114

Compliance and Other MattersAs part of obtaining reasonable assurance about whether the organization's financialstatements are free of material misstatement. we performed tests of its compliance withcertain provisions of laws, regulations. contracts and grant agreements, noncompliancewith which could have a direct and material effect on the determination of financialstatement amounts. However, providing an opinion on compliance with those provisionswas not an objective of our audit and, accordingly. we do not express such an opinion.The results of our tests disclosed no instances of noncompliance or other matters that arerequired to be reported under Government Auditing Stamkn .ds.

This report is intended solely for the information and use of management, the auditcommittee, the Auditor General of the State of Florida and the School Board of Miami-Dade. Broward. Duval, and Palm Beach County, and the Texas State Board of Educationand is not intended to be and should not be used by anyone other than these specifiedparties.

CERTIFIED PUBLIC ACCOUNTANTSCoral Gables. FloridaDecember 16.X016

27

115

Sonxrset Academy, IncSpecial Purpose Statement of' Ihuune:J I'osnluu by Charter SchoolJune 30, 2016

Chapel 'trail Campos

Mlrawar Campos

Central Miranwr Campus

lnllywood CampusSome, set

.Sol

set

Somerset

Somerset

Somerset

Sumo set

Son lsc

Somerset

Sol ,,set

Son ac'l

Somerset

Sol (,sat

SomersetAeadc, n

Middle

1110

Arts

Miramar

hl idd le

Mir:

Dane

Prep ('honer

Illgh

Past

lolkr eed

Iloltct ,odNelglibo111ood

( 'onso,talolo

M11m .

South

M,Jdle

Mammal

Preparatory

M,ddk113 n,rr unl)

(13rorr:md)

(IlrooaN)

113,56 ard(

hirers mrdl (Blamed( (liroovrl)

Illrotturd)

((;l'otsar1) (llrorsanl)

((h)oard(

(lln,n;loll

(13rot,ardlASSI'"ISCut col assets.Cash and cash cyan; tents

646.221 $

721,63 $

7.1 to $

8261

I.' 1;5(1

5,347 $

488

S

511.906

$

3.3 24 S

48.867

$

9.102

$

20.274 $

8.702ltxe<Ilnenls

221 2 6 , 01111

1 . 13(1 , 0(12

951,2111

1.437,11111)

1 , 561111110

1.5110100

11172,500

871,11101

994 , 11110

249 . (11111

1,760,111111

12(1, 1111(1

1111110('as11 held on behalf of sludenis and clubs 46.597

-

379114

-Prepaidexpenses and other curter( Cr5015

1911.705

1961 2 8 2

2 1.708

101490

70.20

550

15 . 384

5 2 .715

46.331

32,621

1.198

'1(1114601,0(,3 revel, ableDuc (tom ufGllmes

30. 000

-

411,806

-

-

-

39.421

-

15,111111

302100

-One from guvcummucll agmle,esfolal Current Assets

3865,481

31193.570

1.189.466

1.466 `)6`)

3.644 74(1

1.575585

1.112 `166

983 , 887

1.1165 1139

374.191

1839.627

141.472

20602

Depnsil,s

44611

11,363

644

-

-

13,739

-

8,1'18

-

2 9,167

3(11)1

-

-Property and crllnpnlcltl.net

1486.987

74'1,575

4.211,934

67.73 2

789.826

1931,53

3(1.812

144.256

237,826

322.5911

15 2 , 7110

141.108

9.248Lon g -term receivables Iron( landlord Long-term recettahles front mater schools

2011,000

1,3731100

-

-

24984')' total Assets $ 5.556.930 $ 2854.508 $ 5.402,044 $ 1.534,701 5 5.807.566 $ 1.782)07 S 1.143.778 S 1.136.341 $ 1.302863 S 725.955 $ 2272.867 S 282.5811 $ 2'1,850

LIABILITIES ANI) Nh: ' I ' 4555:1'5 (Ulc Ic l('I'I')I.ia611iliesAccounts parable and accrued es pens.

$

513.7'18 $

174.677 1.

296.613 $

27.8116

$

216.341

129.775 5

45.630

5

44981,

$

65,307 $

101.060

5

51.5611

$

6.574 5

1.875I)lle In allillales

40 , 866

14084

25,344

-

61111110

15311111Del$rted rct,:nue( ' uncnl portion of long Icon hahdl0csCnrlc11 portion or leasehold 1mprnt eawln payable'158:d Came,( luahJmes

513.7 118

215.543

2'16.613

27.8116

2311425

l 55, Ho

4 5 1,311

441986

125,3117

101/1611

51.5011

6.574

16,875

16112,237

200.1100

Long-term debtLint of creditAccrued rent p01 (111eLe, (Mold imqu amen( payable.<u ,_ ter l debt to other schools

Total Li 11,11, c,a 513.7 118 $

215.543 $ 21618,8 5 0 $355.000

-

249.84927, 806

$

2 311,115 $

155,119 $

45.6311

1.

44 . 986

$

125,307 S

4561160

.$

51560

$

256,423 $

16,875

Net Is lull.

Te,liporariN restrictedItemriecd (designated pea Lase agreement )

Imes(m:6AI393733

302 . 185

401,123

475724.649.39'1

_33,,.78))

2.902,071

1.459323

15 ,011

1627.858

1.1183.1;1,7

1091355

1.177.651 26,9 . 825

_.2213(17

26 . 157

12.9755.577.111

1I 06,1 Net AsseLs

5.043.132

2638965

3,303,194

1 , 506 . 895

5577.141

1627.858

1.098.148

1,091355

1.177.551

269.895

2,221.307

26.157

12.'175

'total Liabilitiesand Net Assets 5.402.044 $ 1.534.701

$

5.807.566 8

1.782177 $

1.143.778

$

1.136.341

13112.865 $ 725 955

' 27_2 .8(.7

$5 56 93 S 1854 51,8 2'1851128_2 5111 S

28

116

Sonterses Acadenrv, IncSpecial Purpose Statelncm 01 Putauctill I'llsltnn by ('barter School

hoc 30, 2016Village Campos

North Lauderdale Campus

Pompano Campus

Boca Campus

Boynton Beach Campus

Boreka Urivc Campus

Sun Is' et

Sai iecl

Somerset

Sul I lscl

Sul) set

Somerset

Soinerscl

Somerscl

Sou i ,cl

.Sul ersel

Sol el-set

Sul e -eel

So,

set

6 illugc

Village

Prep North

Iligh North

Pines

Pompano

Pompano

Acadcni,

Boca

(amens

( ' an, ern.

Academe

Middle

Middle

Lauderdale

Lauderdale

Middle

Baca

diddle

Middle

Iligli

(liruswdl

IIiroi,'ardl

(Bimcurd)

( Sins art))

(((regard)

(limit an])

(liroienrd)

(Palm ((cacti)

(Palm Beech)

(Path Beach)

(Palo, Beach)

(Dade)

(Dade)

81.383 5

4.114 46.213 $ 2618 $

411 . 534 $

11

1104 $

56 . !419 $

22 (.24 4922 $

22,676 5

731111 $

231,4116 5

(,2521,551/11/11 2441(1))) 124')111111 617.)10)1 1 . 1167111111 1411 , 111111 4%(1127 2117,„611 111181111(1 634,111111 783,112 5711111(11

2 974 - - 314') - - 2.4(14 - 14.9111 --41.(1775.274 413 54 . 075 16112 17,262 13,513 26,247 5 , `)46 155 , 1118 70,857 77.936 29.327

1271111(1 - - -5.675 9.4(11 1.131 12,166 5 , 634 7.1,57 t , 223

63')x,31 248.727 1394'963 6,35 , 6,30 1,188,611 171:115 70.122 )38.439 1 24.259 1.337.264 717 . 791 1.114,421 6651176

27`932 245 55 . 541 636 25.724 211 , 111))) - 25,000 - 13 . 654 9,158 71,585 -2121139 61203 665316 111.292 396,771 125.425 37,1'13 164,143 11.1119 596,368 592,619 145,94 3 37'9411

36,000 911'975 334.713 12011)1)1

87'1 . 602 $

3111,175 5

2.115.460 S 747.558 S 1.447 . 066 $

31(,.8411 $

1117.615 9(95'i7 5 235 $

1.'143.2')11 .5

1.519.568 $

1.6311662 $

8233156

%1.743 X.

25 , 479 $

239411 611.699 1'12,6311 $

521002 $

15 , 655 $

112.521 $ 141139 5

235 . 375 $

192.174 5

2117 . 1119 $12 31)1)1)

81.343 25.47 1 , 23'1.411 1,0.699 192.1311 52 . 0112 15.655 112.521 14.03o 237375 :15,174 2113.10') 69 . 525

401 . 0110

989 , 515 ?58. 753

36. 100 911 974

81 3343 $

25479 $

239.411 $ 611,699 $

192(,31 $

881102 $

15 , 655 112521 5 1115 , 1113 $

1,224,890 5

11173,927 $

203,1119 $

218361 -798.259 2841,96 1876.449 686 . 859 1454436 228 . 838 '5( . 9(,1) 7116 . 1)76 130355 718.400 245. 641 1.2,19,292 753,531

798.25') 284 696 1 $76449 686.859 1154.436 228 . 8:8 '71960 7(16 . 076 (7355 718,4011 245,641 1,427.553 753.531

$

879.602 5

310.175 5

2.115.8611 5 747.558 $

1.647.06(, 5

316.8411 $

107.615 5

815597 $ 6 . 368 .$

1 , 943 190 $

1.319.568 5

1630.662 823.056

29

ASSETSCu cnl ass,..Cash and cash egmt:deli).Intesuncn.Cash held on behalf of students and clubsPrepaid expenses and cite, ...on assetsAccounts iecei, ntlcUue lion afiliate..Uuc ,ran i go,eroinental ugencie-sTot:d ('arreiii \sseis

Deposits

Properll and eyu)pluenl. net1o)1L, tens rccci, able. from 15,,d lordLung-lean recenables Iiom ocher school,.

'total Assets

LIABILITIES AND NET ASSETS (DEFICIT>I.ialilniesAccounts pm able

ace(

I spenscsDuc to affiliatesDel e, red revenueCousin) por0on of lout) Icrni Kati hoc.Cuncn lion of Ie.isetl,ld unplo, onenl pa(ablcTotal Current ).,amines

Lin''-lenn dtblLine ofcred0Accrued rent pa)ubleLeasehold inipn„enienl palableLoup, le)))i debt to sillier school.'butal I.iabi110es

Net a.se1s.Tenlp(uhrily rest, mudRestricted Idesipnalerl per least agreemcnilllnreslricted

Talal Net 'usaels

Total I.1nb110icsand Net Assets

117

Sonnvset Academy. Inc

Special I'urpo.c Sl ateittcui of I'n1:Inc1:11 Pu.aion by Charier School

June 30, 2010South I lomastcud ('antpus

Sol e set

Somerset

Son Ise(South

Middle Soutll

I ltgh South

Ilonleslead

Ilonleslcad

IIonle_slettd(Dude(

(Dade(

(1)ad0

Silver Palms Campos

Sol rsel

Sonwset

Somerset

Soma.'

Prep al 511ter

Siher

high

high

Palms

Palms

South Campos

(l)ade(

(liadcl

(Itadel

Made,

I luntc_ctcad Campus

Somerset

Sul ctset

SolnasclArds

Nhddlc

OralsAeadcnl5

C'I,unuy Palms

Aeadclls(Uaclcl

Made)

I l)adel

South

Mianti Campus

Bay Campus

Somerset

Somerset

Somers.

Somerset

Elementary

Middle

Aendenn,

Academy

South Nliallll

South flue((

tin(

I3a, Nladdle

(I)adcl

II)adcl

(Uudel

(I)allel

ASSETS

('ul cot assets'.

( ' ash and cash gyms(dents

('usll held an he11:IIf of students and clubsPrepaid espel s.., and other current as>clsAccounts rccc1 is:IblcIhle lion) M I1MmesSite limns go,cnmaenlal ugcacles

'lute] 0'm-rent Assets

3 5 .708

5

23.3115 $

51135

S

2.161000

4811, 11110

21111 . 01111

85 , 1111

44.7611

16.865

11 , 629

9 . 548

5,761

7.1114

4414

2 3103 , 435

573 . 798

2183197

2,8813')2.544

125,63534.375

1(1 671

566 , 113

228.8711 ii

89711 S

1.715

91

158.7117

278 . 1181

13`1,1174

122.454

-

-

147,468

68 . 284

4,7511

10 . 679

214 576

668 . 178

361 . 549

146,115

5,3'1.4S

8,330 S

22,421 S

455 . 646

177,571

364,677

S5

-

2455

60,715

3,557

42!138

28.549

-

5,11111

4 .819

247

'1.451

256

3.127 2659

1.1115555 177

1%'1.7115

446'152

I 624 051

6'14,554

452,885

12 . :17

162254 5

7.180

S 322.311 '%

6,492

13911111111

(,598511

90 , 000

70 , 000

7.333

-

10.1161159 , 602

24.397

27,848

4624

4.862

55563

6,312

-

-175.744

1874

644319

750,471

1114421

172.7116271123

-

-

36.000-

225,000

I)epashs1 1 ropirIt and cyulplllcIS. net

I.on l'-lean meet, ables ham landlordLon(,-ICnn rc;cl, ;Ades Irolll other schools

'I'ota I Assets

IAABILI 'TIES ALAI) NET 30511'I:S (I)I( I('1'1)Liabilities.

,:enunls p:nable and accrued eepenses

1)uc In affiliat e s

Ilet, used( re, cnuc

Cuncot Amman of long Icon Ilabil10es( ' erne(t portion of Ica.sehold Inlplmenlellt pm ableTotal C'urtcot I.1alll0es

Long Icon IcblLim of creditAccrued rent p(1;IbleLuaeehold liupnnu em pas ableLod ' -mnu debt to other schools'total I.iablllties

251166

39234

-

315.2711

293.042

96, 5311

24.991

-

-

143.342

115.354

S

6 , 3511

38 . 51111

-

2,061,624

2.85711 38

99, 2%4

18.455

11111111111

27.184

8(1(1,1 19

8111.7%6

224.699

298,196 S

287115 $

197 , 605

(1

959.748 S

279,751

.5 65 5 .346 S

36,65424.9 1(855.856

11 3,24(1,(53

S

1.148.585 $

115538

5

3 ,6 22

18.873

I11'74

S 2.61.76'1 S 9116.074 S 315.5 2 7 S 2.7(4.(187 5 3.552.6011 S 1.29 1 1452 S 164.5711 S 757944 S 1')1.57'1 S 1046.834

S

2.641.834 S 7983175 0 114.565

S 101.260

143.342

S

115354 S

311.858 1.17.245

5

117.841

S

85 . 538 S

3,622

$

131.196 S 75.705

5

197.6115

S

148. 1 1( 551159

1

89,971

S

18.1156_

256

-

1116 , 2511

1111, 2511

143 . 342

115 , 154

311 . 858

443495

244.1191

85 538

3 , 622

13% . 196

28.705

1 1 17.6115

148,962

,5115'1

"0 . 227

18 056

574216

2.11'1,266

230,208

230.201

447.384

11111 . 11011

311511111 1611 . 111111 565 . 119

18.598

Net cud ).

Tempor(rilr rcs ratedRestricted (designated tier lease agreement t

Bu g s( ladled

244.3240116. 267)

2.159691

1.183.913

160.948 459 . 748162874 1682 . 1116

519.216790 7211

25')671 64,6116

"Total Net Assets

_..25428

790 , 720259 . 671

15116.2671

2.41141115

1.183 913

160 , 948

459,748

162174

949, 2 291682.1116

5198216

159.219

64.6116

Total Li:lbili lies

a ld Net Assets 2.66X 770

)116.1174 $

315527

S

2.734.1186

5

3 . 552_601 ', S

1.21 451

8

164.570

$

757_944 S

191.579 5 1.146.834

8

2.641.834 S 798.974

S 114.565 S

101,260

30

118

Sonlersot Academy, Inc

Special Propose Statement of Fihhn.hl Pusnion 14y Charter School

June 30, 2016

Somerset

(LhiesAci,dehn

, Dh‘lc

4ugle Campos Brooks

Acad.ny of

Science (g

Engineering

(Texas)

SomersetVirtual

Acadchn

SomersetPrcphhhor(

Sunset

Dade

Sol

MasterAxount

set Inc

Total

Somerset14hglc

Campus

(Duval)

SomersetEagle

NI,ddle(Dwell

EagleHigh

(Do all

Somerset

Preparatory K8

Somerset College1 , tcphthtory Aehdvnn

(Duval)

(Port St. Lucie) El 001:Mons

ASSETSCtirteht assets .Cash and cosh col, hlcMs $

24 . 094 $

10950 $

1,627 $

4.632 $

64.613 17,249

S 2,4113,821

.8 291 . 414 $

38 , 208 66,004 7.3111,428

hivesthlems 7511.111 175,0)10 71 344 58,839 1116 . 559 138 . (,oo J211 . 01,11 31.581.012

Cash held on 14010,1f

sto,.Ieh(s

lobs 761 5430 1.41') - 4.427 1.363.274 - 1.755.467

Prepaid ewchscs and other choir.' r,ssens 36 . 573 3X , 976 57(1 131 .12 , 762 19 . 796 50 . 933 19,597 7 . 274 43,01111 2 , 364953

Accounts reeek itblc 2 . 2511 - 211.111 - 4.125 30 , 798 - 125,218

Due lion - 4.1411 - 16.265 - 220 , 9111 (2821,90) 237.166

Doe 14 . 0111 gO,er11111C11(111hpO1101CS 5 . 625 8,48 , 1 4.1411 2.326 85,410 79,223 4111.2. 718.245

"Food ('uncut Assets 81'1.417 238 . 845 791196 87,853 2104)10 2611 . 455 2,533,977 .431 . 401 460 . 109 2.143.'177 (282.6'10) 44,083,489

Deposits . n O , Mlo 8 , 030 2.901 - 17601 701,104 1,238.442

Proper() and equiph1cm. cc,

Long-term recehabl.lrohi Irmdlord435,013 118.669

_29 . 152 34.604 719,607 2112.313 1.4421152 596 , 904 509 . 878 23 . 394,681

61023

Long-term oxen:Mies 14oh, other schools _ 178.320 1.409 261 15 , 362 . 593,

Toml Ass. 1.284.430 $

357.514 287.368 122.547 038 . 037

$ 465.669

$ 3 . 076 . 829

$ 331.401 $

1.074 . 614 4.764.220 8 (5.645.2K3) $

611 , 771 . 635

LIABILITIES AND NET ASSETS (DEFI('IT)1.iab,liticsiA-

ells prnhble

acc r ued expo., $

2')7.5.14 $

41.71') $

0.840 118.4117 $

134.088

$ 68 , 933 166.098

$ 339 , 783 71 . 931 $ 0

5945.651

D. to :,Ffilihtes - - 4 . 1411 - - 75243 22.130 5.500 (282 . 690) 1(12 . 873

Defemed re4entte _ _ _ _ _

Ct,rmhl portion or long [ono liabilities _ _ _ 24.148 _ _ 24.148

Cur, cot pout,on or leasehold town, ement pa n able _ _ _ _ 212.500

'Iola) Current I.,abth11cs 2517.534 41,719 6 . 8411 122.547 134.088 68.933 15111246 4151126 '141161 5.500 (282.690) 6283.172

13.11'. -1am deb( 15.111111 - 28.251 130.317 2,350 . 091

Line of credit - - - - 400 . 000

Scented rent pln _ _ _ _ 4,5(13,1)1 , ,

Leasehold implosethent payable _ _ _ 460 , 416

1.011g-terlil debt to other schools 618.713 178.320 _ 468 . 000 _ 631.261 1.388.377 (5 . 362 . 593) 2011.00)

ifobit Ihr n bi110es 916.247 $

235 , 039 S

1 n . 841, $

122.547 $

602.088

$ 97,184 320 , 563

$ 415,026 $

725322 1,393177 (5.603.2851 14,198,698

Nel assets

Te,hp(m,nE resh,cle(l 3 , 656 , 266 3,671.277

licso n cled (des,g,mord per tease agrechuml) - 1,007.198

me,toctcd 368.183 122.475 280 . 528 335 , 94 , 1 368 , 485 183.623) 34'1292 1 370_343 4').102462

' food Nei Assets 368 , 183 122,475 200 . 52,0 360 . 485 3 . 656 . 266 3492'12 3.3711.343 54.5811,937

Toti,land Net Assets 1.284.43n S

357.514 8

287 . 360 8

122.547 5

938 . 037

$ 465 669

8 3 . 976.829

8 331403 S

1 . 074 . 614 S 4.764.220 8(5.645.2831 $

68.779.635

119

3

.Sol nrsol Acadenrv, Inc.Special Purpose Stetenwnt of Acuvmee by C'la rtcl SchoolFor the year ended June 10, 2016

Chapel ('rail Campus Moamar Campus

SomersetI)01 le

115ro5ard)

Central Miruowr Campus

SomersetFast

1'rcpuratary(lim,yardl

lollsivood Campos

Somerset\eaden, &

Neighborhood115no,ardl

SomersetMiddle

iIIrm,ard)

Somerset

Ili^yll

(11,611 tor];

So,

set Sol

Iscl(bairn

Iliro,,:ndl

SomersetMiddleMir:l

(15ro,,u,,I,

Somerset

Mira

Ilsn,,,ardlrSoolll

PrepSomerset

1)1611,ard1

Choi terAliddlc

SomersetHigh

Moal

(15m1,'ardl

Somerset

11o11), uuJ

iliro,,:vdl

SomersetI loll( wood

MiddleIISnnyardi

Co

II7ro„ardl

Artavalor)

Support and Ke, end.:

FIT and 0,1011dalwn w,cnlus $

10150,755 0

5.111.406 $

6,950 . 635 S 855 . 083 $

4.073.628 $

258; 760 912.57 ., S

996.834 S 1))82.064 Sr

1,871 . 285 $

1 . 882,679 $

112,034 71 . 116( ' a1,1011 outlay leading 576 . 656 182196 481 . 604 26439 133.405 89,386 1796(1 211,21(3 752,74 83 . 006 42.36 1) - 1931Federal 000010 ' 382.121 113.985 142.157 14616 2711967 236 . 049 36,128 75 952 154.7211 91.225 223.498 22.616 6 , 200

Pre-K. leap program and

lunch progrun fees 636119 79:134 9 . 526 35.5'17 10.696 4.827 9.812 2.824 564 357365984 262.225 9916Interest. lilndlutsong and 61051 10,01110 7119 . 3112 301 80.7 368 . 638 4.1 . 714 266.861 132.747 32920 55 . 000 1117 8')9 1811 .289 1(17.66(1 17.2(111 4 . 226

Total 510pp01l and 15e,enac 12.284 . 818 611;6')'1 1 . 1122461 '1 5 1.448 531117111E 3.1)7'1,53'1 13110. 2 83 1.152,816 2,33n , 4i9 2.228.629 2.266,122 152,414 83,830

Operating I:spenxs

Instruction 5.774.241 221173,984 132124625 281.752 2.248.219 1.276,7')6 346.038 4711.633 930.316 942.661) 733449 ,, 103.75 ,, 40.679Inslnlc0oual stall 1141611) 000010cs 143135 1.474 7.733 2,493 7962 1741 394 1.936 9 . 204 0 . 010 2.4'(2 31111 -Board 1729511 95 . 8110 168.028 25 , 61111 73.7511 511,011 19.300 211 , 900 424511 544(1(1 366(01 9 . 5011 6,200School adll,islratnn 1 , 588,304 7111672 1 . 010.744 61461 548.723 2`17.10') 168711 2110.704 366,333 373,217 316801 12.511 146811

fis'c'al services 24.175 124.21111 155.11111 186101 91.511) 6321101 191001 216110 49425 45'173 41.475 22511 1.1110Food scnlccs 367.1113 166 . 119 2117 . 535 24.881 219.257 144818 43.01') 673)47 97.245 91.082 163901 11.426 3 . 536

('moat set . ,lces 27341.5 139,161 174,081 2(1 , 795 171298 117.533 21 , 54(. 31`142 70.3 5 1 63,058 73,2177 (.4')') 12112I'op,l transpol 10)600,,0 tarn 115,612 51,611) 1115 , 082 112934 - - - - 13.792 12,169 - - -C'.,,1nin0nily 0011(5...s - - - - 294 - 3 , 891 - 1111.211 28'17 2 . 556 _

'(11

I()1

,.1(111,.

( '..e110e5 3391,.1190 .5.752935 454.523 3 , 368 . 003 13,5(, , 197 625388 XI9 . 553 1579.186 16'11927 1_371872 141 . 178 65 . 807

I_'secs. Support and Res en. (),cr

()periling f:.ope)ses and ((c(ore

Facility Expenses 3 . 7551123 26476119 2269 . 533 4'163125 1 . 639 . 003 1.12:342 384.895 333 , 263 751.283 536 , 702 )594 . 2511 3 . 606 15.023

Facility I ..spe(scs

Fae,litiea and a':qutsil ion 01.31,1 64 , 064 12163 I - 54.597 34 , 172 - - - 1,2'1; -()pax ion tI 'Mon 2413419 1.682527 1394936 1531164 1.1197.6114 755,852 32.4(11 1994111 34.1748 515.165 365784 31546 111 , 664

Plant nlaimcnanec 3'12 . 512 125.(15)1 197,1167 12.319 104.2811 61.383 I z 496 47.824 117.794 104.787 114,830 19480 -1)chl05,8X50 - - 62.877 _ _ _ _ _ _ 695

' 1o1a1 facillll

fspenses 2.887,232 1871 . 641 1783.511 165,383 1251, 481 851407 45,897 247.304 461.542 423 .647 4812(07 51 . 1126 10 . 664

Change in Net Assess 867,791 775,968 416 . 11 2 2 331 , 542 302.5'2 271,935 331 , 091 85 , 959 2 89. 741 113 . 055 412,343 (47420) 4.35')

Net assets al beginning of , ear 4.175,341 1862, 997 2817,172 1,175353 5,194 . 619 1.355923 75'1.1511 1,005.396 087817 156.840 1.808964 73.577 8616Adjustments tone) po(I060-lut)Ilnalionof:.ba ncl _ _ _ _ _ _ _ - -

Net assets at end c( , co S 5 043 . 132 $

2 638 . '165 $

3.31(3 194 5 1.511E 195 5 5 577 141 Sr

1627.851 Sr 1 0 11)5148 $

1 091 355 5; 1.177 551 $

269 805 K' 2 221.307 $

26 (57 12'175

120

32

Somerset Academy, IncSpecial Purpose Swlemem of Aarvilies by Chanel SchoolFor the year ended June 30, 2(116

1'dlage C .1115155 North Lauderdale Campus Boca Campus Canyons Eureka IAA, Campus

Somerset

Village

(Itrouardl 6)111

SomersetVillageMiddle

01111

PrepSomerset

Lauderdalel l)ronard)

NorthSolIIigllLauderdale113ra1rardl

sclNoah

Somerset

ilira„ardl

Pine.

611)110110)

('00610011

llsnne.1,41

Sm

1'001)14

Middle(liftman()

so1 Sol

sclAcademy

Noce(Palm Beach)

Somerset

Boca

Middle(P.410 Beach,

Somerset

Canyons

SI Iddlc(Palm, beach)

cam,

(Pahl,

Somerset

.111(11 s

lleaehl

Sot.Aeaden

set

(Dade,

SomersetMiddle

()lade)Support and Resent,

Flt' and Inundation le, macs 1.68.1211 .S 5')152') .5 4.841768 5 1 .1184 .Y; ±339480 .^; 1

1711 .272 5 118.1196 2 398374 3 4117 621 $

57111741 2,.89 .4111 C 3989.616 S 1.375.141capital solo lauding 34 -213 153;5 2.4 215 45.985 161.326 22.5(11 1.055 7')1184 111121 333,861 146 2118 121.661 75349

Federal grants 238.'11111 96 . 632 578.398 1!8,57)1 246.318 87(,39 11.762 624411 15.234 172886 95694 159213 5)'1111

Pre-K. leap pmgr:tal ;t1dlad, pungmal tees 1.871 735 7.594 257 1.7635 7,767 96)1 27.534 5,117 92.317 45469 461,78 16842

!merest. Iilnl),1111n ! and other re, emu: 85,574 35181 219.2111 69.388 152 755 56 . 207 111.926 1.777 151, 45.740 9'9 . 948 43(14') 452'101, l Support a Id Re, en ue 2,1146.'178 779,712 5.'110,776 1,_5 - ,384 3 . 911 . 514 1 . 3111,,782 745,799 . , 1692119 438,249 5!)55545 3,1176.729 4.361, 2 17 1189,694

()110ral1ng )Expense.

lustnietu,n 9833,19 383.357 2.952.3011 597 , 375 1,921.314 652.115 66.912 1.19 2 .809 191/8113 21,94.588 1.339.139 2.215,08 5 738.166Instructional stall Miming se, ices 4.234 519 4,881 1,881 7 . 11811 5,153 616 1 .667 475 2,447 422 .430 1,105Il,,ttd 316511 16,1511 85,5110 39,475 611, 2 1111 23.0W 71011 42,11011 I 18511 99,8511 73,0511 39,600 19.2111)S )loo! adnllmtslrul1nn 423. 294 69 . 647 824.1119 252.454 530.701 169.048 16143 291.5115 54751, 724.174 312.561 596.299 183.069Fiscal

se,

es 7(1.'175 14475 109 . 51111 3217 5 76.800 24.1011 2.850 51 . 01111 9 . 525 1311.65(1 64 . 11511 8731111 32.8511and se 193449 89.547 381 , 961 125116 166.801 1111.156 12976 563,85 111 . 574 153.845 76892 168.173 63.282

Central sees ices 50.354 19'979 154.985 44655 1)16,271 27.114 2.948 57.894 9.667 137,174 69. 101 119.943 43!965Pnpll Irmnspnrtut1nt sus ices

_ _ _ 9.745 1.725 2.885 - 36.761 112.42 1

11 1'.1 11)pe -alulg 1: 81 et .es 1.725.875 593.674 4.513.216 1.1193731 2.878'112 1.1112311 1119745 1.71111145 2876(14 3,971489 2.1147 . 637 3 . 219 . 830 11181.677

Excess Support and lies enue (Js et()peening, 115penses and 13elnee

Facility 1!8pellscs 321.1113 146,058 1397.5411 461,653 1.1174.602 288.071 136 . 054 868.764 1511645 1.971.1156 1.1129 . M12 1.135,387 408 . 057

Fttcllil,

Expenses .

facilities and acquisi0on 2 . 1817 - - - - 21;775 5 , 573

()penal,. al' plant 349.106 132,742 876151 273,737 6379211 185,049 128,169 418 . 1018 K0 . 31,5 1605.181 777336 850,177 317250I'Inn1 nl

Inlenanee 168 , 499 60 . 939 237.821 57.802 192,545 56.407 7811 95;496 11,198 143.5115 86 . 079 2115771 72553

Debt see, tees

'I'ulal Iue:ilt, Cspense 519.612 193,681 1.114.27') 8311465 241.451, 128.949 51335114 '11.513 1.748.686 863.415 1.077423 395376

Change ire Net :Asset (198,5091 (47.6431 285,261 1311,114 214,137 46,615 7.1115 355,2611 59,132 227.37(1 165677 57,964 12681

Net assets al hegluualg ul (ear '196 . 768 172 1.5`13,100 1.25(1299 182 . 2_ 2_3 84.855 1511.816 71.223 4,1 1 08(1 79,964 1.369.589 7411.8511Adjustments tO

lulu. Kg 1' el

Net assets al end of, ear 7,18259 1 284 696 5 1.876.419 686 . 859 5; 1454 4 It, 5 228 838 8 9I 9611 S 71161176 8 130 355 718/1111 S 245 641 'S 1 427 555 S 751.531

121

33

zz^

t,£

909 1-9

S 617 1,11

5

91Z61S

980 Z89I

1)

(,4Z'611,

S' 1LX 491

'5x151,51-

4

81-6091

6519£x1 I

IS 110 1-0-z

4

(592 90s)

5

1591,55

1)75'1)1,1

5

1)515555

S

I1134-,pln n' ,1),x : 13N

X4.9LI

9L5'nt 11X'991

IL996

911'119

1,1-9'1-

1x(.67)

166111-

(54271) 5I 1'121

1111'115

11517)

X1)7'791

IS6IL9

111191I3N111 0:1111111)

X5G' 91

11989)

1115'1159

5515X51

55118E5

5,9661'56'611

X£1861'1

868.9LC7

11111'X61'64(

Z15XZ9

LL195X l

19111”1 ,u,nmll ulml-u001s0d10091 s11nunsnlPV

11..1109111191115,1' ul1911111,9 919'1-91-

XXZXI))

:61551

9X1-7711:

L6)OON

591-569

LIL Lt

918'5 X1555

9Z9t)

(1X971

1-62'06

1-5X771,51-6

519'5It

7O9584

5991-)9

15O1109

L91-54Z1)511'11

-

195'01

1)95'91

-

SLL'IXt L5XL51)5515"ZZ5IL9'1

0811185

65515

:16'9 451LL

59111-6

L66'98216111-

lilt15

1579I')

1586111

595111,1I

1-90'9

1911

51)2

1495O

911-'16

I x'1-8L

615 L1-')

U"5

161,71

59597

Ills:tL89ILL

1911'51"

155915

LI-6

111'11

,,11011,1':11111'1.1.1101Iq,(1

331111113111111111111111,1

II 110

111111¢,11()

uonislnl»n pm' )oppp,na

1)111ndgl50111511

9:6561

6955111

19011-61

1)9115168

II'S'9))'1 985 :IS8 116

565I

895'1

119 819 112 2 51 )

L8611111

511,757 ),.. 1065;151111.011:1

0n010(1 4-ul)1010,6511 90910/10

1,1()01111,1011pun 11061195 110159

5I19Lt

05)15)11))

11,51511

190051'r

1591-,,

61-11 1-115I

R9'Z197

111169

5t-5'L

,..110,11.1 611010,11() 11101

91gl11n11n110,)

. L u0nmxln'u1tn 4-697

110013,)

sao .. sp9o,e,. 11191 mum'

60111-(79911169'I

160 211

LXa 6917

69)1111)5

1171'171

tE

IZ

r,IO'Z

-

1-51.0I

59551-

7651,E

5950)11

5111'I0I

511) 51,11'81

01655

016'81-

0511011

122.111'759111

1)591-7

11116X6

559 L9

595411

()51:21505

611'545

9ZX'Z9

111161E

5961115

11)5'£ZZI Z'ZI

r,X)'"L

055'57

IS),I5

05199

008'1

96

IZ S '1

-

69L'I 51 9 'L

ZL11

9119'607

65),')91'I

518'955

1621)151

1101661

8115 1-L

5t666Cs9,C061'6

5559

SI1.99E-:

01L':65'1-

919'591

1)6"91

1,5505t

0115

L89:91

2Z%Z

906I

99E't

56691

5911LZ

t05 961

691- L

16111

515'5

911oZ

0551)1

1)5155

)1-1112:

52115

9616

1112:

1-69'05

191)511

9)15161

6115)9)11'8918 666'659'1Y

0651191

S 6515X117 11

15)'1111')SILC ISI

1119 I)

(,4-)11)

0411(1)

10100)

0IPP'W 4041

III

000149 1111105

111P)4-)1111105

lunprfl,

11upr1y

31PPV5

Vrp'O111olI1,1311109

131,111015

1,113I1105

13,130105

sf111110,) 91141

.9116)11),)1111011051119"5

114-1(11

01'')1)

1010,(1)

I0I'tl)

1,4-1)(1)

on')

10911)1)

lPO(I)

(f194-004-

.96911,) moos

110111,1

.ullr1

Pr01101uo11

4-0010,011111

111101)111111111

sus/ 511,)

99111

115111

1;0.1)19

1,.11151' (I,1,1

111n0)111111

11111e691[TIN

14-9118

1011,04115

1,11011105

1091 01095

19.1,11195

1091,11105

13,1311111S

131131095

1011,11105

sock.,)prols»111o111pn11)

91Oz 11500111 p,01l.11)09 951 10:1

1'og0% 10I'mL) .0(f 1101119 1,91 .)1 111011IO W 15 '101Ild 111,0065

0111 9LIIIO0n]l/ 101.100.105

up0(I1

Pp1(I)1 tmpr09

,11111,1 1401110.)

111)) 11PPIIN14.11900,5

1smmos

711176

I70 L1

8111651

691169

656641

549)

61111.907

(,1099£L66'001 ()CZ'9

996611

916591

559'lul 5111'u:

115955

66)1)51

S 111159995 s

1)75111,1

Y'6591517 '4 8195111 5

551'571'5 5

181611'1 5 117'1-697 5

"95:615

Our LOP Z

119791I

I ('5111

I I1'1L

ZL5'99516151

66)1)1

11)11,55

095'1

611119

LIIZz

)109'11

1)11)1'))1

6155IIIlo1101'I

')L8 Z9

191-')1)17

1-61 5I6

651Ltt'6

55515)5

5LZ8909

81119TI

6X5966119

LL1

11-SI

99))951

0162

51,66

11517

1 X551

5611I

I)LI I

911 16

5759Z

565)

9111')11

16611

1118.91 19£'X51

901'151 764))

6511'91

8::"511905X11

O56-LtZ

941'695

E6661)1

1511116

SSL115505515

,16901

0)19'111

1)0(156

569'95

)ICI;.L1164111-

LL(LOZ6

1119689

61,1.11-5 668'167

5111'09

001111

00168

OSS 95

051751-

5IIt

L5L'1

1)51

I IZ'l

5:L'L

't)1X %%111

RI I'16L 1

lltt X11-:

651.5111'

0:I ;611)

61695650o0011s101111p1:11,11115

117'ZII4-9.°4

0215911110/11,I101, 11:11011001),01

116ILL 11 .01

,,,0,41,:1 5011/1060

I'c5SPN11113131

)11111

110411115 1010 1 .

(IL6ZZ0111101011m9o pun "m1ln.Ip)nl

I)019)1)

u1r1,01d Aunt

pun 1),r 1901d 60,1

01111112 9)114-,:19049991.55paldr.J

..111101. 111911114-1101'1 pml :.11_I91111"19)) put0,ddng

1941110.) POO 11"100111961111'7:loud 0,116

es

1)1061.0

S

-

5

O LE't

5

16Z61-l

5(0-(99X)

99(9S71

s5r59',

5

61651:

50(00x0

R 510(11

5

1X1011

n.

[)In l• Sh+s11,N

xSS'0SZ'oI

90-9'106

Z6Z'6bl

66190-

Z61 (L6

1511)

Z6; 90Z

11t61

91

510010

91L'9trbr

-

L6Ot10-'Z(17:((£17

1101x9(-

ILSC9011

-

-

-LSS611

97690

991'0-97

1191£111

X91010

1n1m1p p, 0.00 o 51-onmsod 1,1101 sunnnsn:p^

II.. I I. 910111119,11 11:.11:,111: 1,N (lOLl)

I0SIIXZLI0'610

060'69

£0-a16IZr50'

1119669 ii,1IL

91(1.it'I ZLIL1`1111'11'0-95

L(0-ili5£L:60196,86

6(11

(5911111SSLO

-

-I1-7819S1

LIL'OL09(1 11lL

-

9C119I

90-0'9

-

-

-(S!,('9

01(1511

I111'I

It')H

(LOIS

0-tl'ZLL0000L

£877,0(

£90199

6564)1

9L(0

770-'161

5rF'EO`)lit

11[11

.9.u,dO) 011p,r..1pool.,, .l,ls 0]911

DDIIII1,1110111 111111,I

101)1 10 )1001)1,10

11001s1n1,1 puc 19110111).)

55s05d5;l .01150:1

0-10011 01

Sxx 150

69fIIL!'910-95660

IL

19L'tIZ Z051 LL6LZ')91

Itox.ltL

691695 II

665 to,L01

111690110-1

5LL 11105

161.561,

600I151161c101-SZL'OS£19x51:

9(0 9

111501-

1-516

90x'0'

19

-

590-

6X5'151x Z'015Z

-

-

01010Z

5666187,1

-

(10461

011 ILI

159'1X917965

I016 , L9L Z)

150)50'1

001111ts'x0b

-

ZLIZ1

-11Z£69L 69

1566 0191

691(0

160 501

19(91(1£01

(911,9x0911100'9 1,06L.51-1061LItOLYZYO'x

(9169x0:1 ILL000'9

(1165

%10811LLI'L10'6 -

-

6::101

-

£0)Y9

910It91)YL0-IZ01

0610

601'6 561'51

OIL(0

SI-9.90Z x1('91

LlL'(0

9111,'0-11 650'4>1

0tI'LL

5LZ lit

SZt)

006)

(b oI l

51(9900-1'009

5696119

10015

1)90%

1901(

0-sL'llltSZL.9S

005'55

01661

059II

006.09

1)51ti961'L 10t'xt

001,Z

LZ6'I

616'5

F5.L'101 X'ILx

9LL610I

591'(5

6611,1)

lsl-x1'1

165.56111

9001)), I

56651101) 0

9019111

r1-Z.'11

951'140- I

0L1"7L9'E6x7ZI

659-1 615'01 1X10

911-911

xLZ.Z0-LI5.511

ZL6

L6L5Z

Z111t

Zt1L61

11,.1'90110111() 1111').1.

t

,35s sol 11olod5toso 11,111,)

ti

,\ 11.011,)

,sp•"_[n„nlls it)5,01

1111111111,1111111p

1.111 DS

p1)'"fl0 9 9 1 ) 1 9 0 1 1 11 1 1 1 )9 )5(111111111911,1111,111

l09?91.s0)

s55ond5',1 :11101:1d( )

51)11,94 Pun 0.1(105 Imo,l.,1111„I .1111 p11n 9111 FI1:lp11n 'ls51,101

x>,I mm(-ImJ 10-1101

pur u0a0old (11161 'N-md0)110,9p0,p,:1

ogtolo (000) Isodr.)n. 0)91911101111111111L1p11 11

mn1>)^ p11c 1),1,109

911'(95':7sI01')I91-S S6l, 1

50(x0-1

0(0 0-11

061IZ1.1

I156'L9199X06

060- ZLl 5061'011'166('119011

5

911100-

9ZZx501

9(d'LIL

01191

)(LI09

tz6[,SI

101 Zh099911

LI66:7

-

St-ILL

OLI'll 01110115

0-116111'l

5

019819

5

010'1IL'tl

5

6605511'1 5

991190)

S

000'1115110'1x(

5 LtXZLO

1)

691601.9

866 ZZOI

001650-

66L 9t60151) I

Ws 85

600- 6111

991 091

91-11515556505,1.0191,1•:)56II5f111)1r,s,OI5(15:I Au0r5dp

1„() 51)u5,5>I pul' 0od(l05 55:555:1

(IL L991109 061 1 01

0000511

19111'1 150),1)

110,0(11

)10,1101

wool1

1µ1,u(1)

bµ0(11

11)90111911..)

011111,5"olco'515 l

119111

.11P1111

00100,)

0.60)

1511)1)5

99911),) 19)101)9

x9.11ouurdm,l

5l<0H

5051

1191'..) 0011)111) Imo,)

.I) ,m,1c,V

1,sl9m)5

1,111111115

.,0mo5 15,6')11)9 191„.09

syoosq

%I1,11111'.) 111l51

9102 11) .,11011,1)10119,1 95110:1

loops 1,)100,) )q sa111nn.,91 Io 0190190'1S os0dl1d 11159,10

T11 Xu1op110V 1,s-l, 1105

5µ1(I 11511),9,

1110055v

1510115

10001,9191st:Ix

u911cd,1d

),u9wo5

ouI19)1911105

191/011105

p0o,l. u.llrmunII


Special-PurposeFinancial Statements and

Independent Auditors' Report

June 30, 2017

TABLE OF CONTENTS

Independent Auditors' Report 1-2

Financial StatementsSpecial-Purpose Statement of Financial Position 3Special-Purpose Statement of Activities 4Special-Purpose Statement of Cash Flows 5Notes to Special-Purpose Financial Statements 6-25

Supplementary Information:Report on Internal Control Over Financial Reportingand on Compliance and Other Matters Based on an Audit ofFinancial Statements Performed in Accordance withGovernment Auditing Stant!ards 26-27

Special-Purpose Statement of Financial Position by CharterSchool 28-31

Special-Purpose Statement of Activities by CharterSchool 32-35

125

HLB

To the Board of Directors ofSomerset Academy. Inc.Pembroke Pines, Florida

We have audited the accompanying special-purpose statement of financial position of SomersetAcademy, Inc. (the "Organization") as of June 30. 2017. and the related special-purposestatements of activities, and cash flows for the year then ended. and the related notes to thefinancial statements.

!1Ianage//tent 's Responsibility for the Financial Statements

Management is responsible for the preparation and fair presentation of these financial statementsfor the purpose of complying with section 31 of the Or ganization's facility lease agreements, inaccordance with the basis of accounting indicated in Note 2. Management is also responsible forthe design, implementation. and maintenance of internal control relevant to the preparation andfair presentation of financial statements that are free from material misstatement, whether due tofraud or error.

Auditors' Responsibility

Our responsibility is to express an opinion on these special purpose consolidated financialstatements based on our audit. We conducted our audit in accordance with auditing standardsgenerally accepted in the united States of America. Those standards require that we plan andperform the audit to obtain reasonable assurance about whether the financial statements are freeof material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts anddisclosures in the financial statements. The procedures selected depend on the auditor'sjudgment, including the assessment of the risks of material misstatement of the financialstatements, whether due to fraud or error. In making those risk assessments. the auditor considersinternal control relev ant to the entity's preparation and fair presentation of the financialstatements in order to design audit procedures that are appropriate in the circumstances, but notfor the purpose of expressing an opinion on the effectiveness of the entity's internal control.Accordingly, we express no such opinion. An audit also includes evaluating the appropriatenessof accounting policies used and the reasonableness of significant accounting estimates made bymanagement. as well as evaluating the overall presentation of the financial statements.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide abasis for our audit opinion.

Opinion

In our opinion, the special-purpose financial statements referred to above present fairly, in allmaterial respects the financial position of Somerset Academy, Inc., as of June 30; 2017 and thechan ges in its net assets and cash flows for the year then ended, on the basis of accountingindicated in Note 2.

396 Alhambra C[cie, Sine 900, Caral Gables, Ft 33134 • Tel. 305446.3022 @ Fax 305.4466319wwwwhlbgravfer.com

GRAN/1ER, LLPCERTIFIED PUBLIC ACCOUNTANTS

INDEPENDENT AUDITORS' REPORT

126

Basis of .<1 ecouurtui,

\Ve draw attention to Dote 2 of the financial statements. which describes the basis of accounting.The financial statements are prepared on the basis of the financial reporting provisions specifiedin Section 31 of the Organization's facility lease agreements, as discussed in Note 2, which is abasis of accounting other than accounting principles generally accepted in the United States ofAmerica, to comply with the financial reporting provisions of the contract referred to above. Ouropinion is not modified with respect to that matter.

Other Matters

Our audit was made for the purpose of forming an opinion on the special-purpose financialstatements of Somerset Academy. Inc. taken as a whole. The accompanying special-purposestatement of financial position by charter school and special-purpose statement of activities bycharter school on pages 28-35 is presented for purposes of additional analysis and is not arequired part of the special-purpose financial statements. Such information is the responsibilityof the Organization's management and was derived from and relates directly to the underlyingaccounting and other records used to prepare the financial statements. The information has beensubjected to the auditing procedures applied in the audit of the special-purpose financialstatements and certain additional procedures, including comparing and reconciling suchinformation directly to the underlying accounting and other records used to prepare the financialstatements or to the financial statements themselves in accordance with auditing standardsgenerally accepted in the United States of America. In our opinion, the information is fairlystated in all material respects in relation to the special-pupose financial statements as a whole.

Other Reporting Required by Government Auditing StandardsIn accordance with Government Auditing Standards, we have also issued our report datedDecember 14. 2017, on our consideration of the School's internal control over financial reportingand on our tests of its compliance with certain provisions of laws. regulations. contracts, grantagreements and other matters. The purpose of that report is to describe the scope of our testingof internal control over financial reporting and compliance and the results of that testing, and notto provide an opinion on the internal control over financial reporting or on compliance. Thatreport is an integral part of an audit performed in accordance with Government AuditingStandards in considering the School's internal control over financial reporting and compliance.

Restriction on Use

This report is intended solely for the information and use of the boards of directors andmanagement of the Organization and the Organization's Landlords and affiliates and is notintended to be and should not be used by anyone other than these specified parties.

CERTIFIED PUBLIC ACCOUNTANTSCoral Gables, FloridaDecember 14, 2017

127

2

Somerset Academy, Inc.Special-Purpose Statement of Financial PositionJune 30, 2017

Assets

Current assets:

Cash $

6,337,476

Cash equivalents held in investments 36,127,879

Cash held on behalf of' students and clubs 2,260.204

Prepaid expenses and other current assets 3,138,404

Accounts receivable, no allowance necessary 55,747

Due from governmental agencies 1,423,990

Total Current Assets 49,343,700

Deposits and other assets 1,594,918

Property and equipment, net 28.077.192

Long-term receivables from landlord 301,125

Total Assets $

79.316,936

Liabilities and Net assets

Current liabilities:Accounts payable and accrued expenses $

6,155.220

Due to students and clubs 25.471Due to other schools -

Current portion of long term debt 729,967

Current portion of leasehold improvement payable 212,500

Total Current Liabilities 7,123,158

Long term debt 2,753,402

Line of credit


Deferred rent payable 5.345.614

Total Liabilities 15.470,090

Net assets:

Temporarily restricted 4,544,305

Unrestricted 59,302,541

Total Net Assets 63.846,846

Total Liabilities and Net Assets $

79,316.936


3

128


Special-Purpose Statement of ActivitiesFor the year ended June 30, 2017

Support and Revenue; UnrestrictedTemporarilyRestricted Total

FTE and foundation revenues S

1 16.979,205 $

16,947,539 $

133,926,744Capital outlay funding 7,063,560 7,063,560Federal grants 7,399,875 1,489,335 8,889,210Pre-K, leap program and lunch program fees 2,577,878 90.389 2,668,267Interest, fundraising and other revenue 6,963.626 208,356 7,171,982

140,984,144 18,735,619 159,719,763Net assets released from restrictions:

Restrictions satisfied by payments 17,862,591 (17,862,591)Total Support and Revenue 158,846,735 873,028 159,719,763

Operating Expenses:Instruction 76,236,493 - 76,236,493Instructional staff training services 548,200 - 548.200Board 526,368 - 526.368School administration 19,870,691 - 19,870,691Fiscal services 2,653,263 2,653,263Food services 6,681,836 - 6,681,836Central services 3,499,224 - 3,499,224Pupil transportation services 407,228 - 407,228Community services 4,278,224 - 4.278,224Interest 39,722 - 39,722

Total Operating Expenses 114.741,249 114,741,249

Excess Support and Revenue Over OperatingExpenses and Before Facility Expenses 44,105,486 873.028 44,978,514

Facility Expenses:Facilities acquisition and construction 706,663 706,663Operation of plant 30,799,160 30,799,160Plant improvement and maintenance 3,965,146 - 3,965,146Debt services 241,636 241,636

Total Facility Expenses 35,712,605 - 35,712,605

Change in Net Assets 8,392.881 873,028 9,265,909

Net assets at be ginnin g of year 50,909,660 3,671,2 77 54,580,937Net assets at end of year $

59,302,541 $

4,544.305 $

63.846,846


of these financial statements.4

129

Somerset Academy, Inc.Special-Purpose Statement of Cash FlowsFor the year ended June 30, 2017

Cash Flows from Operating ActivitiesChange in net assets

Adj°_tstments to Reconcile Change in Net Assets to Net

Cash Provided by Operating Activities:Depreciation and amortization

Gain from sale of fixed assetsChange in Assets and Liabilities:

Decrease in accounts receivable

Increase in prepaid expenses and other current assetsIncrease in due from governmental agencies

Decrease in due from affiliatesIncrease in deposits and other assets

Increase in long term receivablesIncrease in accounts payable and acerued expensesIncrease in accrued rent payable

Decrease in due to affiliatesIncrease in due to students and clubs

Total adjustments

Net Cash Provided by Operating Activities

Cash Flows from Investing ActivitiesAcquisition of property and equipment

(10,631369)Proceeds from sale of fixed assets

42,341Net Cash Used in Investing Activities

(10,589,028)

Cash Flows provided by Financin g ActivitiesProceeds from long term debt

1.392.269Repayment of long term debt

(483,867)Repayment of credit line

(400.000)Leasehold improvement payments

(212,500)Net Cash Provided by Financing Activities

295,902

Net increase in cash and cash equivalents

4,087,652

Cash, at be ginning of year

40,637,907

Cash, at end of year

$

44,725.559

Cash and cash equivalents

6,337,476Cash equivalents held in investments

36.127.879Cash due to students and clubs

2.260,204Cash and cash equivalents at the end of the year

$

44,725,559


9,265.909

5,912,473

(5.230)

69,471

(773,451)(705,745)

237,166(356,476)

(238,102)209,570842,595

(102,873)25,471

5,1 14,86914,380,778

a

130


Note 1 - Organization and Operations

Somerset Academy, Inc. (the "Organization"), is a not-for-profit corporation organized in theState of Florida, which holds the charter of the following charter schools (the "Schools"):

Somerset Academy and Somerset Neighborhood School, Somerset Academy MiddleSchool, Somerset Academy High School. and Somerset Arts Conservatory ("Chapel TrailCampus");

+ Somerset Academy Miramar Campus, Somerset Academy Miramar South, and SomersetAcademy Middle School Miramar Campus ("Miramar Campus");Somerset Academy Davie Charter School;

• Somerset Preparatory Charter Middle School and Somerset Academy High SchoolMiramar Campus ("Central Miramar Campus");Somerset Academy East Preparatory;

and Somerset Academy Village

Middle School (Dade) ("Eureka

Somerset Academy High South

School (Dade), andSomerset Academy High School (South Campus) ("Silver Palms Campus''):

+ Somerset Arts Academy, Somerset Middle Country Palms, and Somerset Oaks Academy("Homestead Campus");

+ Somerset Academy Elementary School (South Miami Campus) and Somerset AcademyMiddle School (South Miami Campus) ("South Miami Campus");

▪ Somerset Gables Academy;

Somerset Academy Village("Village Campus"):Somerset PreparatoryPreparatory AcademyCampus");

▪ Somerset Pines Academy;

• Somerset Academy Pompano;

• Somerset Academy Key CharterHigh School;

+ Somerset Academy Hollywood and Somerset(Hollywood Campus");Somerset Academy Boca and Somerset+

+ Somerset Academy Canyons Middle School and SomersetSchool ("Boynton Beach Campus");

+ Somerset Academy (Dade) and Somerset AcademyDrive Campus");

• Somerset Academy Elementary South Homestead;

• Somerset Academy Middle South Homestead, andHomestead ("South Homestead Campus");

• Somerset Preparatory Academy at Silver Palms;

• Somerset Academy at Silver Palms, Somerset Academy High

++

Academy Charter School at North Lauderdale and SomersetCharter High School at North Lauderdale ("North Lauderdale

Middle

Academy Boca Middle ("Boca Campus");Academy Canyons High

School and Somerset Academy Key Charter

Academy Hollywood Middle School

SchoolCharter Middle

131

Somerset Academy, Inc.Notes to Special-Purpose Financial StatementsJune 30. 2017

Note 1 - Organization and Operations (continued)

• Somerset Academy Eagle Campus and Somerset Academy Middle Eagle Campus andSomerset Academy High School Eagle Campus ("Eagle Campus");

• Somerset Academy Bay and Somerset Academy Somerset Academy Bay Middle ("BayCampus")

• Somerset Preparatory Academy;• Somerset College Preparatory Academy (f/k/a College Preparatory Academy of The

Treasure Coast);• Brooks Academy of Science and Engineering;• Somerset Preparatory Sunset Dade:• Somerset Academy Lakes School

The Schools operate under charters granted by the sponsoring districts (the "Districts"): theDistrict School Board of Miami-Dade County, the District School Board of Broward County, theDistrict School Board of Duval County, the District School Board of Palm Beach County, theDistrict School Board of St Lucie County, Florida and the Texas State Board of Education. Thecharter contracts expire between June 30, 2017 and June 30, 2032 and are renewable for anadditional term pursuant to law and/or by a mutual written agreement between the Schools andthe Districts.

In addition. Somerset Academy, Inc. operates Somerset Virtual Academy, a private premierschool for students approved by the Florida Department of Education as a Virtual InstructionPro gram.

These financial statements are for the year ended June 30, 2017 when the Organization'scombined enrollment amounted to approximately 19.500 students.

Note 2 - Summary of Significant Accounting Policies

Basis of Accounting and PresentationAll of the individual Florida charter schools under the Organization are required to report underthe requirements of the Governmental Accounting Standards Board and have done so inseparately issued financial statements. In addition, the charter schools that are sponsored by theDistrict School Boards of St Lucie County, Broward County and Duval County also report ascomponent units of those counties. The Texas Charter School is not a component unit of adistrict and issues individual charter school financial statements under State guidelines. Thesespecial-purpose financial statements, however, are prepared in accordance with accountingprinciples generally accepted in the United States of America for non-governmental, not-for-profit organizations, as required by the Organization's various facility lease agreements (section3I) and by the Texas State Board of Education. The Organization's financial statements havebeen prepared combining the financial condition and operations of the Schools under the samecorporation. Inter-charter school transactions have been eliminated in these financial statements.

132

7



For purposes of these special-purpose financial statements, the Organization has adopted FASBAccounting Standards Codification (ASC) 955, Not-for-Proiit Entities Presentation of FinancialStatements. ASC 95$ establishes external financial reporting for not-for-profit organizationswhich includes three basic financial statements and the classification of resources into threeseparate classes of net assets, Unrestricted, Temporarily Restricted and Permanently Restricted.The net assets categories as reflected in the accompanying special-purpose financial statementsare as follows:

UnrestrictedNet assets which are free of donor-imposed restrictions, and include all revenues, expenses, gainsand losses that are not changes in permanently or temporarily restricted net assets.

Temporarily RestrictedNet assets whose use by the Organization are limited by grantor or donor-imposed stipulationsthat either expire by passage of time or that can be fulfilled or removed by actions of theOrganization pursuant to those stipulations. When a restriction expires, temporarily restricted netassets are reclassified to unrestricted net assets and reported in the statement of activities as netassets released from restrictions.

Permanently Restricted FundNet assets whose use by the Organization is limited by donor-imposed stipulations that neitherexpire with the passage of time nor can be fulfilled or otherwise removed by actions of theOrganization. There are no permanently restricted funds at June 30, 2017.

Cash, Cash Equivalents, and InvestmentsCash and cash equivalents include all highly liquid investments with a maturity of three monthsor less. The Organization has not adopted a formal investment policy; however the Organizationinvests excess deposit funds in a governmental money market mutual fund which can beredeemed daily.

Cash Held on Behalf of Students and ClubsAccounts for resources of the Organization's Internal Fund, which is used to administer moniescollected at the Schools in connection with school, student athletics, class. and club activities.

Due from Governmental A tenciesAmounts due to the Organization by governmental agencies are for grants or programs underwhich the services have been provided by the Organization. Receivables are recorded at netrealizable value and no allowance for doubtful account was necessary at year end.

8

133



Capital AssetsThe Organization's property, plant and equipment with useful lives of more than one year arestated at historical cost. Donated capital assets are recorded at their estimated fair market valueon the date donated. The Organization generally capitalizes assets with cost of $500 or more.Building improvements, additions and other capital outlays that significantly extend the usefullife of an asset are capitalized. The costs of normal maintenance and repairs that do not add tothe asset value or materially extend useful lives are not capitalized. Capital assets are depreciatedusing the straight-line method. When capital assets are disposed, the cost and applicableaccumulated depreciation are removed from the respective accounts. and the resulting gain orloss is recorded in operations.

Estimated useful lives, in years, for depreciable assets are as follows:

Building & Improvements

10-39 YearsFurniture. Equipment and Textbooks

3-5 YearsComputer Equipment

3-5 Years

Revenue SourcesRevenues for operations will be received primarily from the State through the Districts pursuantto the funding provisions included in the various school charters. In accordance with the fundingprovisions of the charters and Florida and Texas Statutes, the Schools will report the number offull-time equivalent (PTE) students and related data to the Districts. Government fundsrestricted by grantors for operating purposes are deemed to be earned and reported as revenuewhen the Schools have incurred expenditures in compliance with the specific restrictions. Inaddition, the Schools receive an annual allocation of charter school capital outlay funds forleasing of school facilities.

Finally. the Organization also receives Federal awards for the enhancement of variouseducational programs. Federal awards are generally received based on applications submitted toand approved by various granting agencies. For Federal awards in which a claim to these grantproceeds is based on incurring eligible expenditures, revenue is recognized to the extent thateligible expenditures have been incurred. Any excess amounts are recorded as deferred revenuesuntil expended. Additionally, other revenues may be derived from various fundraising activitiesand certain other programs.

Operating. LeasesIn accordance with ASC No. 840. the Organization is recognizing rental expense on its operatinglease agreements on a straight-line basis.

134

9



Compensated AbsencesThe Organization grants a specific number of sick clays. Full time instructional employees areeligible to one day per month to up to ten days of active work during the ten-month period (a"benefit year"). In the event that available time is not used by the end of the benefit year,employees may "rollover" all unused days for use in future benefit years. There is anopportunity to "cash out" unused sick days however, the employees may only cash out if theyhave used three days or less of their sick leave in that benefit year. Employees may not cash outmore than ten clays per school year and are required to always maintain a minimum of twentyone unused days. The cash out value is eighty percent of their current daily rate. There is notermination payment for accumulated unused sick days. Accordingly, these financial statementsdo not include an accrual for sick days available to be used in future benefits years.

The Organization also provides certain days to be used for specific personal matter such asfamily death and jury duty. Because the use of such days is contingent upon those events takingplace and such events are out of the control of both the employer and the employee, there is noaccrual for such days,

For the charter school located in Texas, the Organization grants a specific number of personaldays. Full time instructional employees are eligible to 0.66 days per month or up to eight daysduring the twelve-month contract period. In the event that available time is not used by the endof the benefit year, employees may "rollover" a total of five days per year. There is anopportunity to "cash out" unused days at the end of the year or at termination of employment,whichever occurs first, at a rate equal to the employee's daily rate of pay.

Income TaxesSomerset Academy, Inc. qualifies as a tax-exempt organization under Internal Revenue CodeSection 501(c)0), and is, therefore, exempt from income tax. Accordingly, no tax provision hasbeen made in the accompanying financial statements.

The Organization adopted "Accounting for Uncertainties in Income Taxes" as prescribed by theFinancial Accounting Standards Board Accounting Standards Codification which providesguidance for financial statement recognition and measurement of uncertain tax positions taken orexpected to be taken in a tax return for open tax years (generally a period of three years from thelater of each return's due date or the date filed) that remain subject to examination by theOrganization's major tax jurisdictions. Under that guidance the Organization assesses thelikelihood, based on technical merit. that tax positions will be sustained upon examination basedon the facts, circumstances and information available at the end of the each period. Adoptionhad no effect on the Organization's financial statements.

10

135

Somerset Academy, he.Notes to Special-Purpose Financial StatementsJune 30, 2017


Fair Value of Financial InstrumentsCash and cash equivalents, receivables, and prepaid expenses, as well as account payable andaccrued expenses as reflected in the Special Purpose Statement of Financial Positionapproximate fair value because of their generally short-term maturities.

Use of EstimatesThe preparation of financial statements in conformity with accounting principles generallyaccepted in the United States requires management to make estimates and assumptions thataffect the reported amounts of assets and liabilities and disclosure of contingent assets andliabilities at the date of the financial statements and reported amounts of revenues andexpenditures during the reporting period. Actual results could differ from those estimates.

Deferred Rent ExpenseThe total amount of rental payments due over the lease term is being charged to rent expense onthe straight-line method over the tern of the lease. The difference between the straight-line rentexpense recorded and the amount actually paid is credited to "Deferred rent expense" duringyears in which straight-line rent expense exceeds the actual rent paid,

Subsequent EventsIn accordance with ASC 855, the Organization has evaluated subsequent events and transactionsfor potential recognition or disclosure through December 14, 2017 which is the date the financialstatements were available to be issued.

Note 3 -Capital Assets

The following schedule provides a summary of capital assets:

Balance6/3 0120 1 7

Capital Assets (non-depreciable):Construction in progress $

1,466.751Land 4,406.346

5.873.097Capital Assets (depreciable):Building and Improvements 20,282,785Computer equipment 10,445,328Furniture, equipment and textbooks 28,226,191Software 8 I ,662

Total Capital Assets 64.909,063

136


Note 3 -Capital Assets (continued)

Less Accumulated Depreciation:Buildings and Improvements (8,381,094)Computer equipment (7.091.403)Furniture, equipment and textbooks (21,301,709)Software (57,665)

Total Accumulated Depreciation (36,831,871)

Capital Assets, net $

28.077,192

For the fiscal year ended June 30, 2017, depreciation expense is allocated in the Statement ofActivities by function as follows:

instruction $

4,176.274School administration 5,666Facilities acquisition 705,325Food services 115,022Community Service 23,402Operation of plant 385,939Maintenance of plant 500,845

Total Depreciation Expense $

5,912,473

Note 4 - Management Agreements

Academica Dade, LLC (as to charter schools located in Miami-Dade County and Duval County).Academica Broward, LLC ( as to charter schools located in Broward County, Palm BeachCounty and St Lucie County), and Academica SW. LLC (as to charter schools located in Texas),each a professional charter school management company, provide management andadministrative services to the Organization including. but not limited to, facility design, staffingrecommendations. human resource coordination, regulatory compliance, legal and corporateupkeep, maintenance of the books and records, bookkeeping. budgeting and financial reporting.

The agreement between Academica Management SW, LLC, and Brooks Academy of Science &Engineering, located in San Antonio. 'I'X calls for a fee of $650 per student Full Time Equivalent(FTE) per annum. The fee may be adjusted annually at each anniversary based on the change inthe prior year's Consumer Price Index.

12

137

Somerset Academy, Inc.Notes to Special-Purpose Financial StatementsJune 30, 2 017

Note 4 - Management Agreements (continued)

The agreements are for a period of five years, with options to renew. During the year ended June30. 2017, the Organization incurred approximately $9,079,266 in management fees.

Note 5 - Related Party Transactions

Somerset Virtual Academy charges other various charter schools under common management afee for supplies and professional and technical services. During the year, Somerset VirtualAcademy provided approximately $361,071 in connection with these charges. Accountsreceivable and payable at June 30, 2017, as follows which are included in accounts receivableand accounts payable in the balance sheet:

AccountsReceivable

AccountsPayable

Somerset Foundation $

3,660 $Somerset Old Cutler 1,993

Somerset Nevada 194,640

Somerset Shores 550

Somerset Prep DC 30,000Las Palmas 21.412

Somerset Vero Beach 1,333Somerset Middle Vero Beach 1,333School Development HC, LLC. 200,000

$

254,921 $

200.000

Note 6 - Cash and Cash Equivalents

DepositsThe Organization maintains its cash and cash equivalents in major banks and in high gradeinvestments. As of June 30. 2017, the Organization had deposits in excess of the FederalDepository Insurance Corporation (FDIC) coverage of approximately $9,916,524. TheOrganization also had approximately $41,110,000 that was invested in a governmental moneymarket mutual fund. which is not insured by the FDIC.

Investments and Credit RiskThe government money market mutual fund values its portfolio securities at amortized costwhich approximates fair value. The government money market mutual fund primarily invests incash, high quality, short-term U.S. government securities and/or repurchase a greements that arecollateralized fully by government securities that have been valued by the fund as Level 2. As ofJuly 31. 2017, the fund's annual report, maturities of the fund's portfolio holdings areapproximately 79% within 30 days.

13

138


Note 6 - Cash and Cash Equivalents (continued)

Credit RiskConcentration of credit risk is the risk of loss attributed to the magnitude of investments in asingle issuer. The Organization mana ges its exposure to credit risk by limiting investments tohighly rated government money market mutual funds. The fund is rated Aaa-mf by Moody's,

Custodial credit risk is the risk that in the event of a failure of a depository financial institutionor counterparty that is in possession of investment or collateral securities, the Organization willnot be able to recover deposits or will not be able to recover collateral securities that are in thepossession of an outside party. For an investment, custodial credit risk is the risk that in the eventof the failure of the counterparty to a transaction, the School will not be able to recover the valueof investments or collateral securities that are in the possession of an outside party. At June 30.2017, all of the School's investments in government money market mutual funds were held in aseparate account and designated as assets of the School.

Interest rate risk is the risk that changes in interest rate will adversely affect the fair value of aninvestment. The School manages its exposure to declines in fair values by limiting allinvestments to government money market mutual funds that can be redeemed daily.

14

139


Note 7 - Commitments, Contingencies and Concentrations

The Organization has entered into multiple lease agreements for its various charter schoolfacilities. The lease agreements consist of the following obligations at June 30, 2017:

Description

Future PaymentsBroward School Development, LLC, Broward School Development It, LLC andBroward School Development III, LLC, for Somerset Academy and SomersetNeighborhood School, Somerset Arts Conservatory. Somerset Academy Middle School,and Somerset Academy Charter High School through August 15, 2024, with an optionto renew for an additional five-year term.

$

26,820,000

Film, LLC, for Somerset Academy - Miramar Campus, and Somerset Academy MiddleSchool - Miramar Campus through August 1, 2026, with an option to renew for anadditional five-year term.

$

13,971,825

Varsity Square, LLC, for Somerset Academy Davie Charter School through August 31,2018, with the option to renew for three additional five year terms.

$

150,859

Florida Bible Church, Inc., for Somerset Preparatory Charter Middle School, andSomerset Academy Charter High School (Miramar Campus), Somerset AcademyHollywood Middle and Somerset Neighborhood School through June 30, 2018, andautomatically renews for an additional renewal term of two years. At the expiration ofthe renewal term, the lease automatically renews for additional renewal terms of twoyears each.

$

530,000

Archdiocese of Miami, Inc., for Somerset Academy East Preparatory, and SomersetAcademy Hollywood through June 30, 2020, and automatically renews at the expirationof the initial term for an additional term of five years.

$

795.000

City of North Lauderdale, for Somerset Preparatory Academy Charter School at NorthLauderdale. and Somerset Preparatory Academy Charter High at North Lauderdalethrough June 30, 2020, with an option to renew for three additional five-year terms,

$

2 .397.000

Archdiocese of Miami. Inc., for Somerset Pines Academy through June 30. 2020 andshall automatically renew at the expiration of the initial term for an additional term offive years, unless cancelled by either party.

$

1,099.872

15

140



New Covenant Church. Inc., for Somerset Academy Pompano through June 30, 2017,and automatically renews at the expiration of the initial term for an additional term ofthree years.

S

378.000

Temple Beth El of Boca Raton, Inc., for Somerset Academy Boca and SomersetAcademy Boca Middle extended through June 30, 2027.

$

1,519,540

Boynton School Property, LLC. for Somerset Academy Canyons Middle School, andSomerset Academy Canyons High School through July 31, 2033, with the option toextend the term for three additional periods of five years each.

$

34.204,336

Valencia School Development, LLC, for Somerset Academy, and Somerset AcademyCharter Middle School through August 15, 2026 with an option to renew for anadditional five-year term.

$

7,745,788

Archdiocese of Miami, Inc., for Somerset Academy Charter Elementary School (SouthHomestead) through August 15, 2025, with one automatic renewal for two years.

$

3,352.368

Soho School Development, LLC, for Somerset Academy Charter Middle School (Southhomestead), and Somerset Academy Charter High School (South Homestead) throughJuly 31. 2035, with an option to renew for three additional periods of five-year term.

$

20.605,792

Southwestern Grant II, LLC (Phase 1), for Somerset Preparatory Academy at SilverPalms through July 31, 2031.

$

12,209,051

Southwestern Grant II, LLC (Phase I), for Somerset Preparatory Academy at SilverPalms, and Somerset Academy at Silver Palms through July 31, 2031 with an option torenew for an additional five-year term.

$

6,159,492

16

141


Note 7 - Commitments, Contingencies and Concent rations {continued)

Southwestern Grant. LLC. for Somerset Academy at Silver Palms, Somerset AcademyCharter High School, and Somerset Academy Charter High School (South Campus)through July 31, 2027, with an option to renew for an additional live-year term.

$

15.653,948

City Church of Homestead, for Somerset Arts Academy and Somerset Academy MiddleSchool (Country Palms) through August 16, 2018, with an automatic three year renewal,and subsequent two year automatic renewals thereafter unless terminated.

$

98,000

Somerset Academy Foundation, Inc., for Somerset Oaks Academy through June 30,2036, with an option to renew for two additional five year terms.

$

9,31 1,824

Somi Group, LLC, Inc.. for Somerset Academy Elementary School (South MiamiCampus), and Somerset Academy Middle School (South Miami Campus) through July31, 2029.

$

8,048,988

Pinewood Acres School, Inc., Lones Family LTD Partnership, and Lee S. Loves & JudyC. for Somerset Academy Bay, and Somerset Academy Bay Middle through June 30,2018, and may be renewed for three additional five year periods.

$

375,000

The University Baptist Church of Coral Gables, Inc., for Somerset Gables Academy

through August 16, 2019. with an automatic two year renewal period unless terminated. $

154,000

Centro Cristiano de Amory Fe. Inc., for Somerset Gables Academy was renewedthrough June 30, 2019.

$

360,000

Saint Patrick School Development, LLC, for Somerset Preparatory Academy andSomerset through July 31 , 2033, with an option to renew for two additional successiveperiods of five years each.

$

1 1,080.053

Lonestar School Development. LLC, for Somerset Eagle Campus and Somerset EagleMiddle through July 31, 2031. with an option to renew for an additional five-year term.

$

4.459,7 18

17

142



Zion Evangelical Lutheran Church of Pompano Beach, for Somerset Key CharterMiddle and Somerset Key Charter High through June 30, 2021, with eight additionalfive year renewal options commencing on Jul) I. 2021,

$

1,680,000

Dave and Mary Alper Jewish Community Center. for Somerset Preparatory AcademySunset through June 30, 2020, with an option to extend for an additional two years. Thelease also provides two additional four years extension options.

$

217.419

Archdiocese of Miami, Inc.. for Somerset Academy Village, and Somerset AcademyVillage Middle through June 30, 2020.

$

1,020,000

Archdiocese of San Antonio, for Brooks Academy of Science & Engineering throughJuly 31, 2019, with an option to extend for additional twelve months.

$

113,250

Goliad Grant, LLC, for Brooks Academy of Science & Engineering throu gh August 31,

2028, with an option to extend for additional five years.

$

21,1 19,392

Si. George Maronite Catholic Church, for Brooks Academy of Science & Engineeringthrough July 31, 2021, with two options to renew for additional five 'ear terms each.

$

454,168

Williams Scotsman. for Brooks Academy of Science & Engineering through June 13,

2019. $

354,263

SLAM Foundation. Inc., for Somerset Lakes. through June 30. 2036, with two optionsto extend for an additional 5 years. $

18,145,000

Property Development Quail Roost, for Somerset Academy Inc. through August 1,

2021. $

400,000

Florida Atlantic University. for Somerset College Preparatory Academy through June30, 2037, with an option to extend for two additional periods of five years. $

15,776,840

Grand Total S

240,760,786

18

143



For 2017, rent expense totaled approximately $21,590,468, of which approximately $21,566.719related to facility lease. The Organization prepaid rent of approximately $1,364,404 as of June30, 2017. Future minimum payments under these leases are as follows:

Year2018 $

22,265,1682019 21,348,2932020 21,088.4902021 19.264.3192022 18,786.075

Thereafter 138,008.441$ 240,760.786

Contin genciesFor the year ended June 30, 2017, the Organization received approximately 94% of its revenuesfrom Federal, State and local governmental agencies in the form of grants. The disbursement offunds received under these programs generally requires compliance with terms and conditionsspecified in the grant agreements and may be subject to audit by the grantor agencies.

Note 8 -Leasehold Improvement Payable

Per the executed lease and security agreement for the South Miami Campus, the Organizationhas agreed to reimburse the landlord for certain leasehold improvements made to the facility forpurposes specific to the operations of the School. Total capitalized amounts to be reimbursed bythe School to the landlord for such improvements totaled $1,002,398 and will be paid to thelandlord over the remaining term of the initial lease in addition to the fixed rent.

Per the executed sublease agreement for the Somerset Prep at Silver Palms facility and SomersetSilver Palms, the Organization has agreed to reimburse the landlord for certain leaseholdimprovements made to the facilities for purposes specific to the operations of the Schools. Totalcapitalized amounts to be reimbursed by the Schools to the landlord for such improvementstotaled $850,000, of which $460,416 were payable at year end.

The following schedule provides a summary of changes in .easehold improvements payable forthe year ended June 30. 2017:

07101/16

Balance

Additions Deletions

Balance

06/30117

Somerset Academy at Silver Palms S 336,458 S

- S (106.250) $

230,208

Somerset Preparatory Academy at Silver Palms 336.458 - (106.250) 230,208

Total Leasehold Improvements Payable S 672,916 S S (212.500) S

460,416

19

144


Note 8 -Leasehold Improvement Payable (continued)

Future minimum principal payments for the tenant improvements are as follows:

Year2018

212,500

2019

212,500

2020 35,416

$ x -60,416

Note 9 - Risk Management

The Organization is exposed to various risks of loss related to torts, thefts of, damage to anddestruction of assets, errors and omissions and natural disasters for which the Organizationcarries commercial insurance. Settlement amounts have not exceeded insurance coverage for thepast years. In addition, there were no reductions in insurance coverage from those in the prioryear.

Note 10 - Defined Contribution Retirement Plan

The Organization's personnel. which are leased through ADP TotalSource Group, Inc., areeligible to participate in a defined contribution 401(k) plan sponsored by the leasing company,covering employees who meet certain age and tenure requirements. Under the ADP TotalSourceRetirement Savings Plan (the "Plan"), the Organization provides a match of 100% of theemployee ' s contribution up to 4% of the employee's compensation. The Organizationcontributed to the Plan approximately $651,162 for the year ended June 30, 2017. TheOrganization does not exercise any control or fiduciary responsibility over the Plans' assets,which are administered by Voya Financial.

All of the Organization's employees in the Texas charter school participate in the TeacherRetirement System of Texas (the System), a public employee retirement system. It is cost-sharing, multiple-employer defined benefit pension plan with the exception that all risks andcosts are not shared by the Organization, but are the liability of the State of Texas. The Systemprovides service retirement and disability' retirement benefits. and death benefits to planmembers and beneficiaries. The System operates under the authority of provisions containedprimarily in Texas Government Code, Title 8, Public Retirement Systems, Subtitle C. TeacherRetirement System of Texas. Under provisions in State law, plan members are required tocontribute 7.2% of their monthly salary and the State of Texas contributes an amount equal to6.8% of the School's covered payroll. The Organizations contribution to the System for the yearendin g June 30, 2017 was approximately $227,883.

20

145

Somerset Academy, inc.Notes to Special-Purpose Financial StatementsJune 30, 2017

Note 1 I - Defined Benefit Pension Plan

Plan DescriptionBrooks Academy of Science and Engineering participates in a cost-sharing multiple-employerdefined benefit pension plan that has a special funding situation. The plan is administered by theTeachers Retirement System (TRS"). The TRS defined benefit pension plan is established andadministered in accordance with the Texas Constitution, Article XVI, Section 67 and TexasGovernment Code, Title 8, Subtitle C. The pension trust fund is a qualified pension trust underSection 401(a) of the Internal Revenue Code. The Texas Legislature establishes benefits andcontribution rates within the guidelines of the Texas Constitution. The pension's board oftrustees does not have the authority to establish or amend benefit terms. The TRS plan does notinclude a collective-bargaining agreement.

All employees of public, state-supported educational institutions in Texas who are employed forone-half or more of the standard work load and who are not exempted from membership underTexas Government Code, Title 8, Section 822.002 are covered by TRS.

The TRS plan differs from single-employer plan in the following ways:

1. Charters are legally separate entities from the state and each other.

2. Assets contributed by one charter or independent school district (ISD") may be used forthe benefit of an employee of another charter or ISD.

3. The unfunded obligations get passed along to other charters or ISDs.

4. There is not a withdrawal penalty for leaving the TRS system.

Pension Plan Fiduciary Net PositionAt August 31, 2015, TRS' total plan assets were $149,780,061,824; accumulated benefitobligation was $163,887.375,172; and the plan was 78.43% unfunded.

Detailed information about TRS' fiduciary net position is available in a separately issuedComprehensive Annual Financial Report ('`CAFR°') that includes financial statements andrequired supplementary information. That report may be obtained on the Internet athttp://www.trs.state.tx.us/about/documents/cafr.pdPCAFR. by writing to TRS at 1000 RedRiver Street. Austin, TX, 78701-2698; or by calling (512) 542-6592.

21

146


Note 1 l - Defined Benefit Pension Plan (continued)

ContributiOllsContribution requirements are established or amended pursuant to Article 16. Section 67 of theTexas Constitution, which requires the Texas legislature to establish a member contribution rateof not less than 6% of the member's annual compensation and a state contribution rate not lessthan 6% and not more than 10% of the aggregate annual compensation paid to members of TRSduring the fiscal year. Texas Government Code, Section 821.006 prohibits benefitimprovements, if as a result of the particular action. the time required to amortize TRS' unfundedactuarial liabilities would be increased to a period that exceeds 31 years, or, of the amortizationperiod already exceeds 31 years, the period would be increased by such action.

Employee contribution rates are set in state statue. Texas Government Code, Section 825.402.Senate Bill 1458 of the 83 rd Texas Legislature amended Texas Government Code, Section825.402 for member contributions and established employee contribution rates for fiscal year2014 thru 2017. It also added a 1.5% contribution for employers not paying Old Age Survivorand Disability Insurance ("OASDI") on certain employees effective for fiscal year 2015, asdiscussed in Note 1 of the TRS 2014 CAFR. The 83 rd Texas Legislature, General AppropriationsAct ("GAA") established the employer contribution rates for fiscal years 2014 and 2015. The840' Texas Legislature, GAA established the employer contribution rates for fiscal years 2016and 2017.

Contributors to the plan include members, the School, and the state of Texas as the onlynonemployer contributing entity ("NECE"). The state is the employer for senior colleges.medical schools, and state agencies, including TRS. In each respective role, the state contributesto the plan in accordance with state statutes and the GAA.

As the NECE for public education and junior colleges, the state of Texas contributes to TRS anamount equal to the current employer contribution rate times the a ggregate annual compensationof all participating members of the pension trust fund during that fiscal year reduced by theamounts described below which are paid by the School. The School is required to pay theemployer contribution rate in the following instances:

• On the portion of the members' salary that exceeds the statutory minimum for membersentitled to the statutory minimum under Section 21.402 of the TEC.

• During a new member's first 90 days of employment.

® When any part or all of an employee's salary is paid by federal funding sources, aprivately sponsored source, from noneducational and general, or local funds.

• When the employing district is a public junior college or junior college district, thedistrict shall contribute to TRS an amount equal to 50% of the state contribution rate forcertain instructional or administrative employees; and 100% of the state contribution ratefor all other employees.

147



In addition to the School employer contributions listed-below, when employing a retiree of TRS,the School shall pay both the member contribution and the state contribution as an employmentafter retirement surcharge. The School's contribution to TRS does not represent more than 5% ofthe total contributions to the TRS plan. There have been no changes that would affect thecomparison of employer contributions from year to year.

Contribution Rates

2017

Member 7.2%NECE 6.8%

Employers 6.8%

Employer contributions $

109,324

Member contributions $

641.437

Non-OASDI contributions $

125,028

Note 12 - Temporarily Restricted Net Assets

Temporarily restricted net assets for the year ending June 30, 2017 consisted of $4,544,305in Federal Public Charter School Program grants and Texas Foundation School Programrevenues and grants.

Note 13 - Long Term Debt

On December 2011, the Organization entered into construction loan agreements with BuildingHope. a Charter School Facilities Fund Mendel"). for buildin g improvements of the SomersetHigh (Broward). College Preparatory of the Treasure Coast and Central Miramar Campus. Thelender has made a commitment to make a loan to the Organization for a maximum amount of$2.400,000 as evidenced by promissory notes for each campus in the amount of $2.000,000 and$400.000. respectively. Under the terms of the Somerset High (Broward) loan agreement, theloan shall bear interest of seven percent (7%) through July 1, 2015. and twelve percent (12%)thereafter until maturity of July 1, 2018. This loan agreement was refinanced during 2015 withRegions Bank under a term loan agreement. Under the terms of the Central Miramar Campusloan agreement, the loan shall bear interest of six percent (6%) until maturity of December 1,2015. As of June 30. 2017 the loan was fully repaid. Under the terms of the College PrepAcademy loan agreement, the loan bears interest at 7% per annum until maturity of June 14.2016. As of June 30, 2017. the facility was fully repaid. College Prep Academy entered into acapital lease for the acquisition of computer equipment. Monthly payments under the capitallease agreement are $3,097 through August 2017. As of June 30. 2017 the outstanding principalbalance was $3,346.

23

148



Somerset Academy, Inc. obtained a term loan from Region's Bank in the amount of $600.000.This note matures on March 12, 2020 and accrues interest at 3.60%. This note is secu red bySomerset Academy Silver Palms School's assets. As of June 30, 2017 the outstanding principalbalance was $552.771.

During 2015 Somerset Academy, Inc. refinanced the Building Hope loan agreement andobtained a term loan from Region's Bank in the amount of $2,000,000 fully paying BuildingHope. This note matures on March 12, 2019 and accrues interest at 3.40%. This note is securedby Somerset Academy Charter High School's assets. As of June 30, 2017 the outstandingprincipal balance was $1,410,122.

Somerset Academy Eagle Campus obtained a non interest bearing advance from AcademicaDade, LLC with no stated repayment date. As of June 30. 2017 the outstanding balance was$15,000.

Brooks Academy of Science & Engineering entered into a Promissory Note with Jefferson Bankon February 12, 2014 for the amount of $100,000. This Promissory Note bears interest at 3.75%and matures on February 5, 2017. As of June 30, 2017 this note was fully repaid. This schoolalso obtained a loan from Jefferson Bank on August 26, 2014 for the amount of $325,000. Thisloan bears interest at 4.75% and matures on August 26, 2017. As of June 30, 2017 theoutstanding principal balance was $19,313. The school was approved for lease financing offurniture, computers and equipment from Vectra Bank on June 16, 2016 up to $1.000,000. Theterms require the loan to be repaid in 60 months with an interest rate of 3.83%. As of June 30,2017 the outstanding principal balance was $169,530.

On September 28, 2016 Somerset College Preparatory Academy obtained financing in theamount of $419.416 to acquire four school buses. The terms of the loan agreement called for 84consecutive monthly payments of principal and interest based on a 7 year straight amortizationschedule. The notes bear an interest rate of 5.03% fixed with the first payment commencing onNovember 10. 2016 and a maturity date of October 10, 2023. As of June 30, 2017 theoutstanding principal balance was $385,518.

On May 2017, Somerset Academy Key Charter High School, Somerset Academy Key CharterMiddle School, Somerset Academy Lakes Charter School, and Somerset College PreparatoryAcademy obtained equipment financing from JP Morgan Chase Bank for a total aggregate loanbalance of $727,763. The terms require the loans to be repaid in 48 monthly installments thatinclude principal and interest at a fixed interest rate of 3.78%. As of June 30, 2017, the aggregatebalance due was $727,763.

Commencing on the first payment date and for the remainder of the terms of each note, paymentsof principal and interest on the outstanding principal balance of the loan, based on equal monthlyprincipal and interest payments, are due and payable. All principal. interest, and unpaid costsshall be due and payable on maturity. Interest expense was approximately $282,026 for the yearended June 30, 2017.

24

149



Future maturities of the three construction loan agreements and capital leases are as follows as ofJune 30. 2017:

Future Payments LTDYear2018

$

744,9612019

1.390,1 122020

751,2062021

240,6132022 156.471

Total

S

3,283,363

The following schedule provides a summary of changes in long-term debt for the year endedJune 30, 2017:

LTD Activity

Balance Balance

Lender 7/112016 Additions Deletions Refinance 6/30/2017

Building Hope - Ill 28,251 - (24,905) 3,346

Re g ions term loan 574,286 (21,515)

- 552,771

Re g ions term loan 1,602,237 75,560 (267,675)

- 1,410,122

Academica 15,000 - 15.000

Jefferson Bank 23,196 - (23,196)

Chase 343,062 - 343,062

Chase 108,926 - 108,926

Chase 76,529 - 76,529

Chase 199,246 199,246

B MO 419,416 (33,898)

- 385,518

Jefferson Bank 131,991 - (112,6781 19,313

Vectra Bank 169,530 169.530

2,374,961 $

1,392,269 S (483,867)

S

- 5 3,283.363

25

150

SUPPLEMENTARY INFORMATION

151

GRAVIER, LLPCERTIFIED PUBLIC ACCOUNTANTS

REPORT ON INTERNAL CONTROL OVER FINANCIALREPORTING AND ON COMPLIANCE AND OTHERMATTERS BASED ON AN AUDIT OF FINANCIALSTATEMENTS PERFORMED IN ACCORDANCE WITHGO FELVAIE'A'T AUDITING STANDARDS

To the Board of Directors ofSomerset Academy, Inc.Pembroke Pines, Florida

We have audited the financial statements of the governmental activities and each major fundof Somerset Academy, Inc. (the "Organization") as of, and for the year ended June 30, 2017,and have issued our report thereon dated December 14, 2017. We conducted our audit inaccordance with auditing standards generally accepted in the United States of America andthe standards applicable to financial audits contained in Government Auditing Standards,issued by the Comptroller General of the United States.

Internal Control Over Financial ReportingIn planning and performing our audit, we considered the School's internal control overfinancial reporting as a basis for designing our auditing procedures for the purpose ofexpressing our opinion on the financial statements ; but not for the purpose of expressing anopinion on the effectiveness of the School's internal control over financial reporting.Accordingly, we do not express an opinion on the effectiveness of the School's internalcontrol over financial reporting.

A deficiency in internal control exists when the design or operation of a control does notallow management or employees, in the normal course of performing their assignedfunctions, to prevent, or detect and correct misstatements on a timely basis. A material

weakness is a deficiency, or a combination of deficiencies, in internal control such that thereis a reasonable possibility that a material misstatement of the School's financial statementswil l not be prevented, or detected and corrected on a timely basis.

Our consideration of internal control over financial reporting was for the limited purposedescribed in the first para graph of this section and was not designed to identify alldeficiencies in internal control over financial reporting that might be deficiencies. significantdeficiencies or material weaknesses. We did not identify any deficiencies in internal controlover financial reporting that we consider to be material weaknesses, as defined above.

396 Alhambra Circe. Suite 900. Coral Gables, FL 33134 • Tel- 3105 4463022 • Fax: 305.445.6319

www.hlbara v.ier.com

152

Compliance and Other MattersAs part of obtaining reasonable assurance about whether the organization's financialstatements are free of material misstatement. we performed tests of its compliance withcertain provisions of laws, regulations, contracts and grant agreements. noncompliance withwhich could have a direct and material effect on the determination of Financial statementamounts. However. providing an opinion on compliance with those provisions was not anobjective of our audit and, accordingly. we do not express such an opinion. The results ofour tests disclosed no instances of noncompliance or other matters that are required to bereported under Government Auditing Standards.

This report is intended solely for the information and use of management. the auditcommittee. the Auditor General of the State of Florida and the School Board of Miami-Dade,Broward, Duval, and Palm Beach County, and the Texas State Board of Education and is notintended to be and should not be used by anyone other than these specified parties.

Coral Gables, FloridaDecember 14, 2017

27

153

Somerset Academy, IncSpecial . Purpose Statement of Financial Positron By Charter SchoolJune 30, 2017

Chapel Trail Campus

Somusel

Somerset

Siulcr.ct

Snmcrset

Somerset

Acadenn' &

41,ddlc

Ihgh

Arts

f,Brannu

Neighborhood

C'eiserentun

([froward)

IBrowardl

l11nnsard1

(Brnrcwitl

IBnnr:vdl

Miramar Campus

Central Miramar Campus

Hollywood Campus

Somerset

Somasct

Son:met

Soo rsei

Somerset

Sun set

Somerset

tirnncrsa

Nhddle.

Miramar

Dome

Prep Char.r.

I11th

fain

II50, hood

llol Iyncrcrt

Maimar

South

Middle

nlvamar

Pmpannorp

Middle

111ronardl

1 gn2aardl

1Bmvardl

IBruaardi

IBronardl

)Itrouardl

(Broeardl

IBrowardl

ASSETSl.' urrcm assets .

Cash and Lash cool, :tents

In cstm.rw

Cash held is, behalf of areIems and eln0.Prepaid expenses and ocher current asset,

Accounts receivableDue limn aflillal:nDue Goa governmental apencmrTidal Current Assam

DehrsiIs ind usher assetsPropein Oat cqugnneo. net

Lung-Iarm n•cclcables born landlord

Loin'; corm reeen abler from olber schoolsTotal Asset,

LIABILITIES AND NET ASSETS (DEFICIT)

LoaMbu.s

Accounts payable and .erred expenses1lire it. sl adenls and dabs

Due to al'Iiliales15 urrn2 port lot of long lev2 Ilebd,ues

Client port2u,w of le+u¢hold unprovenrcnt pad rile

Trial Currant Luhlhlm:

L,.

gem) debtDeferred Ienl payableLeaxhold 12)10,, elne:n pan al,Iefn rat i i,, 2, other schools

Tot91 Liablhl

11117 021

2.292

S

146,677 S

5.199

x

491,7110

7,440 S

7119

S

41.115

5

4.992

$

25.137

5

10%29

4.790 5

942

934,070

1 , 258 0110

911111011

936111111

247110011

17%11 , 1012

1.3'9.41111

1.037.5110 Oh

6100011

3151 113112521211:

11 2 400

62.,01

2.475,

-

46.770

13 , 547

4'I,563

-

-

18.124

15.14,27

131.245

15,314

44030

2291113

1(1746

'7,5'74

35.565

.411,497

17447

737

9%7

577 . 141 $

2111.123

x

21,5850

x

32.897

S

191.2%7 5

125.914

$

61669

5

71.365

5

1211/147 x

7210%

5

4.612

'_78 -0211

537.14,7

2111,121

5524711

52897

191,247

12 5 .91J

61.669

71.365

122087

72488

-

10 . 576

3 2 -277

1.132.122

4,61'.

16443

3294'945

(423 . 711

1,1%7,962

956 . 413

31112842

I.%11 (99

13411155

1.137. 564

6511.557

594 . 271

214 . 3711

642 2 9

11. 363

1,44

654 . 11111

:912 329

51101111111

11759

8.198

-

29,167

30.691

-

-

72,811

664038

137989

73-764

1115877

161,972

220,525

117.233

04;961,

5 , 85543 . :94

I:: _ , 1104

952 . 111111 61111,17(10 2 47.111(5 51111 111111 1.235.849

5(12.343 S '_ . 549.194 5 5.1119935 5 13,29624 5 6.149%%0 $ 1,904,227

(.374.119 S (.2461639

5 1,312.529 S 643.91; 5 2.506.212

399 . 730 5

7(111%4

52;112

$

3,536 5

2,277

16,443

15 ,000

311 0121

2 55 1212 235,7(492112111111

5:7 . 145 5

210.121

S

1.844,591

5

12,1197

$

191.2%7

x

12.5 914

$

61,669

5

71.365

x

1211347 $

327.430

S

06,865

x

254.310 5

32,277

Net assetslelnpora3lr reslncledtMt estnetal 11073,222

2.3791171

3,216.344

1.596 727

34914I .N42,31:1

1.278.230 1.192,442

316425

2439,347

-14115 1

37%1571,175.33d

Trial Net Aas,:la

55173 . 200

777' 1 5171

3,216,344

1.596,72 7

1 . 84.2,713

1,117.150

1.175.274

1 . 192442

316425

2479 347

44,951

37.0117

Total L,ahdnlc,and Nei .Anna ls 5612.343 S 2.50.194 5 5.11111!935 5

1_629.624 . 5_ 6,149,%%11 S 1.16% 2_ ,7 $

1.374.819 A 1246634 5 1112 . 529 S 643,913

$

2505,212 S 299,336 5 711,11%4

28

Sornersel Academy, IncSpecial- Purpose Slalernenl of Financial Posillon by Charter SchoolJune 30, 2017

\+Illa;r. Campus North Lauderdale Campus Pompe no Key Campus Boca Campus Bosom.. lIn to l Campus Eureka Drive Campus

1t.

iereet\'dlaec

ljlrmea,dl

Somerset Senicimet Somersetlitph Peril,Lauderdale

I'Clrowardl

SomersetNoes

(Lfrmvard)

SolnerselPompano

(I3rowwdl

Somers IEec

hltddle

lllmtt Ind)

SomersetICelltgh

{ y lost;ndi

SomersetAcademy

Boca

IPuIte Reach)

SomersetBoca

%fiddle(Pahl horrid

SomersetCanyonsMiddle

I Nalco Beachl

Somerset Somersc(Acadenn

(Dade)

ScmenaoMiddle

Dade)

VilleMiddle

13rowardl

e Prep NorthLauderdale

t L4rawardl

CanyonsIlig6

(Palm Bead,)

ASSE'T'SCti icnl .setsCash and casks u)un alenrs 31,412 .3 13,525 '14 36919

S 1.739 $

155,154 $

2(1.111 $

12.2119 S 3,3119 17.779 $

1.332 S 76052 $

771.4; S 493914 $

71022

In\csnnetas 6311,1100 ;20, 0110 1,360,0 1 10 1 )70111111 1.17(111111) 1711111111 73,21111 2113,000 1 .1)30.000 21001111 1.5115,5101 609,500 1170,01111 4711, 141111

I. ml14 lie Id on 1x11:tiro

suiileot ', nett clubs 30463 - - - 3,764 9.343 5 ,817 - 4.465 - 6,731 37903 -

Prepmd expenses and oilier current asses 105017 5 047 78 .553 3.5.112 501124 151129 739.722 24,362 211434 2.529 167.541 1 227,196 22 4.237 7.474

A oaU its cacao ohleDue from afl'illatrs 1 . 961 2902 91,117

Doc lion yl yununentul utgmci:. 116 444 15.092 5 , 503

Total t 'ofre1ll Assets 104 -743 :44.37_ 2.025.452 946.345 1.359.74 214,510 373,623 3;4,1, 2_11 1077,728 216,73 ' 3 1.755,374 355,151 1.542.2011 '154,11111

Deposits and ether assets 2721,32 245 55,531 6313 25,724 221111110 10,263 - 25111111 - 13,653 9,153 31,535 -

Properly and upnpnem. ncl 149.264 311.31'1 457,992 1,3 r.ss :111114 X7,1,1 493,137 2416374 1241,52 3.640 441796(' 343 , 553 111111t7 -I3%1'1

Lour--Term reed". able, born landlordLa n,-lean 0(.4vables front (Me, schtx,ls 16,400 1 70.73 3

Total Assets 1!)39 S 775 . 736 S :...5:4(12__ 1116_I36 el1,6 1.379 374 566454 1 .227)00, 225,405 44 1

1 1

311,735 1

2I

LIABILITIES AND 519I' ASSISTS (11IP11.'ITILlahdnies

Accounts payable and aeenieS expenses 1 1 1.131 7 52.73? 243 . 97X

S 611 . 503 153,131 591,52 60,7115 5 22.330 5 790 2 2 S 132117 S 176.503 S 1 )5,944 S 2343922 S 66.024

Duc o students and clubs 13.734 4.332

Dud to aBkliole, 1921(01 2.902 91.113

C anent pennon of

Icon linbihltcs '5,710 51.1)23

C

t porn) ot leasehold t uprevrnlen, pun hlt

YeLel Current Ltal il0iev 711,331 72,742 259.717 60.51,2 153.431 59,652 36 3 115 73,403 31.924 13,2117 267.615 100.276 214!122 66 , 1121

Lang-Iron debt 3:1,216 143.213

De l'errcd relit payableLeasehold improvement pacablc

t

rt

r , debt e other schools 3611110Y

1011011(1(1S

.165 000

436.626 S 01 3-424 5 11,2117 S

944,7711

1,212,335 g

325 ,3-77

425,653 S 234922 S ati11,4t1al I..4ablImcs

Net assets:r

1 t

I

esuaued1. n, abineled

79,331

3112,611%

S 72,742

302694

S 254,717

S

2274.3113

60.502

955634

$

153.431

1 , 32a 1039

5

93652

225,934

1,16),(31

169,743 74320 1,14 5 ,456 212.146 9933063 097,500 1695,X11 936746

Tnnd Nei Onsets 3112/3113 3112 , 694 2.279.30 955 , 634 1,574.1139 255 . 934 169,743 74.923 1.147,451, 212,14(r 993 ,063 1 197,509 1.695813 9367 96

Tnurl Llahilibrs

and Nei Assets 3X1.'179 5 375.06 S _2 5 1 '702;1

5 11116,134 3)

173 2 5 2 41 0

321636 S 1239771 51 561:454 a 122,7311 % 2254113 S 2.2111.44% J 1423,162 S 1,930735 2' 11111

%211

29

Somerset Academy, IncSpecial- Purpose Statement of Financial Post's.n by Charter SchoolJuno 30, 2017

South Homestead Campus Silver Palms Campus tlommaead Campus South Nliami Campus Bay CampusSomerset Somerset Somerset Somerset S010,8el SOIlle(Nel SOII.rSel S011..1 SOI1.8el S0111er8el Somerset Somerset Somerset Sorner8et

South Middle South Nish Staub Prep at Silver Silver high 11)01 Arts Middle Oaks Elmnentast Middle Acadmuy Aeudoui1 . 1onIcstead 1 .lbrneomad Ilonle8tead Palms Mac South Campus Academy (numb) Pam. Acadmni South Montt

South Miuuu lf,s Bay Middle2 Dade) (Dade) IDsdD (Dade) (Dade; (Dade) (Dadel (Dade) I E)adel t Dade) (Dndel (Dade) (Dade) (Dade)

ASSETSCurrent assets.Cash and 1.1511 equitaleus 8 13,909 S 286,009 883 S 52 , 164 301,7118 249.371 0411 12,190 11 3 , 320 $

96 . 815 174958

3,862 5

181619 7,788Inestment, 2.053,000 660.1110 3 t 1,00( n 631 01111 036,01111 5oilooo I54 111111 4550181 2 171000 920 , 7110 1,150.000

880,000 400,000Cash held on boMdf of smdoms and dubs 124.2115 68 . 3)01 274 ,928 2 150 4;3112 30,4:6

Pmpaid exposes and nuhe n current assess 77.719 15.241 7,515 30,150 31.398 17 . 976 1.173 69,109 1.1011 61.7011 159.073

18.842 28,894 1 , 395Accounts no;euhlo 11.117

Duo from 25,0110 250000 4,500 5.191Due from governmental agencies 13.280 17.862 10.493 11.370 25470 11.284 429 9115/ 48.1 17.052 11,991

5 , 255 725Total Corn). A88cls 2,281

113 13144.501 35.1891 978 ,6 1)9 1711,519 778,8 3 1 105,1113 563,625 221,90-1 1,106.877 1,396,974

897,959 652,104 86.103

Deposits an<I othor :sorts 2,3106 30.234 6,35,1 18 , 5110 3,30 0.312Property and n tmpmeut.. 1151 355 459 266,677 49.037 1,864 493 2/14177), 78,803 1(1.844 20 3,925 681 528.255 661,75 I

91.491 154.419 30,197Long-term reeei rah]. Barn landlord 260,753 34 , 37?Loud- term feces albs Dorn other school: 750 . 000 6411.119 9258100 170374Tam] Assns 8 4.578.301 1,3911412. 401 938 3 8.14

713 3 913 Om 1 536 353 8,

175-857 i 767.530 S 222.587 8

1.64(1 .645 7 3 024.369

%

989 450 8_217T1822 116 315

LIABILITIES AND NET ASSETS (DEFICIT)

1.abihlies.Aceoun(s payable and seemed expenses 1683120 8 112,8 1P1 S 67.363 4 9 53178 119191 11 90411 $

2,380 S 154,9'17 S 28.174 253.356 1411,082

1'8613 8

107544 8 18 , 535Due m stmlems andDue io 44)11.08 25.000 ' 2 001100 511000 5,191Current pornon of long Icon liatul

us 33 553Current potion of le.eho1d nuprav.1ent pa,table 106,250 100,210

Tom] Current 168,120 157.899 67.363 401.328 548,150 141.740 2.380 154997 28.374 253.356 1403882

58,613 107544 23.726

Lougoernl debt 530.219

Deferred rent pa i ;tble 2.182,534 849,4117

2.14,975Leasehold mlproecnlcal parable 123.938 123 , 958Lougiterm debl lo Mho, 8elumk 2011 1911 OHO 868 . 119

Focal 1.Mb:Mies hoco2o 1579899 S 67 36.3 8 2,907,820 8 1302927 .4

141,740 8

2,380 11

154,997 11 28,374 4

253.356 8 990 , 1189

8

3113 . 588 .8

612,663 73,726

Net assets:Temporarily ra. lneledLOUL181ndled 7.410 371 1 , 19251; 336.565 (63,2871 2.610,379 1,39 4,513 173.477 612.553 1101.213 1.387.389 2,034,28!1

085 862 304.236

Total Net A88018 3 , 4111

171 I,192. 5 11 330,565 (63.28 '7) 2,6118379 1 , 394 , 313 173.477 612,553 194.213 1.38 7.2 89 23134.280

68 5 .862 33)4136 92.579

Tniu lsubilmesand Not Assets 8 3 .578391 '135041 '.'. i 403212t) 8 $ t._ 2844373 8 _i913,3110 L

1.536.253 8

175.857 $

767.5511 8 222.587 S

1.040.645 33124.369

$

989450 $

976 . 899 $

116.305

30

Somerset Academy, Inc.Spec.al- Purpose Stalernenl of Financial Position by Cllerler SchoolJune 30, 2017

Eagle Campos Brooks

Somerset Somdrsth Sontemei Somcrso Ac4deon of Somerset Sofoe.cl

Gables [ogle Eat* Preparatory KX Somerset College Science A: Sornerso Preparatory Aeudctny lakes Somerset Inc.

Acadctnr Campos Middle Preparatory Academy brDnee(m8 Virffial Sunset Charter SchovI Master

(Dade) 1ffie air (Dos al) (Dot ul'I I lorl St

lama:1 ITec:ul Academy Dadc (Palo, Beac),) Account Ehnorml tons Total

ASSETS8roen a.,.

Cash and cash cqtrmaloots S 29.381 S 140642 9.278 S 65.654 S 1958 2,246,107 S 31023 7

4111 . 561 150 . 165 8,974 S S 653 7 ,191,

Iovcstfncols 500.283 90,090 141!11111 130000 805 , 596 290.0oo 170 . 01M 56.12 7 .879

Cash held on Fa:half of sluderits

slobsand 30 , 256 1 . 789 2,200,204

Prepaid evens.

mho come. :users 22.50 27„218 8.814 18,14311 '12.41111 87,912 239 967 II

115 15,158 208,069 3,138,191

rccovahle 11.421 11326 - _'6.140 6,481 88 . 717

Doe limn affiliates 62 .999 1468,7201

Doc from govenuneleal spa., 1104) 420 '7.'117 14 .074 1.088,208 7,985 1 ,421

Total Current Assets 7929 262019 168.009 228.166 4011.034 3.389227 244,610 490.021 475.423 1915,576 (408,720) 49.345,700

Deposits .llld

asset. 34 , 1100 81150 8 . 799 14,4%8 17 601 11137,997 1,594,918

Property and 09111p010111. nn 172,542 12.407 5844,6 846.%611 r 801.815 310,994 72.813 68579336 28 .077 , I'll

Long-term rec.sables frrnn landlord 501.12,

bangrtcrio rccemahles from (alter schools 178.3211 2.519,141 111.654,,881

Total Assel', S 11116,471 5 307,941 378.736 S 820352 S 1.255.7111 % 4,907233 S 244,616 S1.0111.016 548,236 11 12.112.1511 S 112.125205 S 7(1316936

1.1ABIIATIES AND NET ASSETS IUI 11( 1 " 11Liabditierc

ACCOUPlS 1133 able a lld accrued ospeltses 371.635 S 46.381 26639 8 119.577 5 52,736 20830K; 8 297,906 S

954'94 S 22.714 23.171 S 6,155,22o

Duo to students and e.luh, 4.968 2.435 25.471

Due to affihates 4 ,5011 1468,7201

Correnl porlaht of long temt habtl n Oes 144,229 188.849 PI 599 729,907

Curren! 1,(01111 ui leasehold orlprorffintott pa. :Ode 221'_- 51/11

Total Coretol

.nnhhes 371655 41u681 21,.671 124.5 .12 1 n 19.400 397.842 297,706 95,390 42,343 27691 4468.7201 7.123,138

Lunt;-Ic

chi:. 1,18111 587 , 607 56 , 930 20*,Oilir 2.757.41)2

Erelemcd tan p 15 able 7188351 8,545.614247,016

Leasehold milrorrcutcotOtlg-lenn d.151 lo Mt.

Selus,ls 110,1%I 1'I8.:20 .168 000 3139320 446 321 7.188.176 111,04,58X)

Iola) !,lob hnr 8 848 ,418 S 2 .07 , 701 20 , 639 892.582 S 7117,097 s 197342 S 187,900 4332111 1,344.)45 5 7416 , 067 S r I 2 A23:ytt8i 18a7o 090

'868 .188elaTcmporanl, n cstrnelcd 4.509391 4.84.1.505

;ffires1ncled 468118 60.242 152 1181 228,5111 468 . 604 153 2901 406 (775 . 909) 4010 , 08; 89,502,541

Total Net Assets 468,1181 WI 242 752 4197 228,31o 4683614 4 , 5)19 341 156 "II%) 583406 179 5 !1119) 4 6'16 085 63346340

Total Liabilnies

and Net Assels 11116471 S 11)7!143 0 37%716 i 82(1.%52 S 1 288 . 701 5. 4.911'/,233 S 244 616 S

10111616 S 518.236 S

12 112.150 0 (12 1233081 S 78 . 516 , 936

31

Somerset Academy. IncSPeclnl-Purpose Statement at Acavnles by Charter SchoolI--or the year,:nded June 30, 2017

Chapel '17ai1 Campos Miramar Campus Central NI11'atnnr 83m098 Hollywood CampusS:,n

set Somerset Somerset Sulrerset Somerset San

set Somerset Somerset Somerset Somerset Somerset Sun 'sec S.nrerselAcad.), b' Middle Hrgl, Arts Miramar Middle Miramar Dare Plop Clam tar Hr 71, East llelhwobd 1101 hH.ond

Ne,gl,bo, sell C ' onscr,'alor, 100-u0,0 So011 Middle Mir:rnmar FreParaton 41,ddle(11mu,.a,d1 ((te,,rcd) Ite,r,osrdl (tlr ,.tn'ard) (11rowardl IHrotl'ardl Eirtrrrud) I Brow fad) (filu,t ardl IHrn,vnirl (lIner'ardl Illru,crnll i1.tnio rdt

Support 1114 RetinuePit. and I, .u d1 ,.

ucnrw., 10 , 114 . 894 5 46'147114 5 6111„171 5 921,786 5 .711'1) 1

ii 5 2,411.638 S, 1.12'

,452 S 1 ,065 695 2 086 172 1,6413126 S 1,711,3,276 5 175,)111) 5 115,322(Modal n1 ll, Iiu d nr. 613832 3051144 588,862 5711,12 217.736 124981; 41.299 13,1'183 125_180 165,214 6'3,21,4 4.761 51511Federal Grant;Pre-R, afte,'eale 01X1,00 and

311,342 94,28-' 1181118 17,01,6 313.925 259 988 43,813 52.341 173,85(, 86'143 223.523 51.354 4

17

0n04 pontoon fees 574,539 50.368 711,181 10438 365,909 .29 . 286 11,734 9,507 7,379 88,9(4 7.055 8,84 408,i9ten.sl. l

I

ls,no and ,,they re,m c 5 3,337 18.520 13.72:1 7.092 49045 4,3111 4,445 136119 13097 1,,1 8.15 43.416 115117 152Total St

,,n and )(avenue

Opera9ltp; Expanses

11.614.503 5, 1 69 , 1 4 8 4,./._,917 1 1 1 2 3 ! ) 2. { 1, 094 4

U 1.227733 1

214.23 25490,79 1 2,01(8 2872 2,0477534 244824 124,26•1

l nstlac9on 6,107.1113 2469,367 3,367,733 4119(14) 25101,203 1,224,145 423 , 877 483,043 1, 2_71.µi6 0) 1 410 781,1 45 112,648 133141,Inatruetonal stall trauuno sill vlucs 14 244 6 921 18310 6 5191 7,908 .5,911 2261 2 8,743 14.893 16814 4,738 - 51H,}amd 124,599 50 . 4011 33 8-221 15,950 43.11011 9,9119 22,200 14,2110 48 , 51111 50025 33 , 60,1 111,41111 6 , 900School ,1402

,a ram,.P,u111co acnuuuwa

1 ,714,4117 4411.491 919,316 151,887 .133.034 214,899 171.5611 226,495 284,869 359063 2010070 31,772 491535

Fiscal services 221,7911 112,901) 1414511 It

111111 9111511 ,58 5011 21 550 27 ,95(1 51450 42,075 ?),,'100 3 6010 2 850hthHl sel'tlees 416931 Ih'1,359 27815 2 35.1166 26 2_,310 169826 68,114 77.411 1121)30 93,960 118,435 15825 258

23(•6 115 115

170 21674 134,7-11 1413!91 36 472 47125 57927 472115 µ11,8L2 7,627 2.35(1Rapti u'm^ip,.V4ui un1 .re,eesInterest

98 5 94 6:1,626 31,378 13 939 61,134 11,511 - -

Cs,rtsnarnc [so so, 7.391 35,491 1593 ;6Total Clpeoall ut Ex peaces 8.431!192 1,450310 42196,7

1 672712 7112,119 1.190 . 747 947,332 804006 1.837,199 1546 172 ).307g38 19114,8 52,440

Excess Snppor1 anti Re, cone (IrOperating Expenses and t)eI' ao

7 . 242511 1,718,333 1,771,116 711111'_ 1631.321 1,063 , 415 280,106 329,349 549,593 5011,3011 073.996 54 : 196 .17 723

1"aeMts ExpensesFacilities and ac4ulsnio0 81,3(11 64.091 124,0111 ?4511) 2114112 - 444I)perat ton of plan! 2,764.2 19 1.7%6,182 1,4121180 22x477 I,7/1)449 797397 54411 193 , 570 418,571, 340. 5 11 341.1167 33 172 18.8'1)Platlt matnietlanee 3(n,,92 5 128,405

2'22 ,431 22,74 65 ,325 11.141 1111,67 518 5 1 116,113 93,757 119,243 2,1130

Debt tier, Ices5 . 92' -

Total !

' I rm Sxmmses .712.145 1. 1 178.737 1315.311, 251 . 1811 1,301,368 848,9611 ,5,101 245.470 5 5 4 . 109 454268 41;11,954 18,891

('han8,' nl NeI Assets 311,1168 1222998941 36.85111 89.832 381,45 2 214,153 215,002 83,919 14,884 46,932 219.0411 18.244 24,872

Net

t,,snts,l hc,,mue, oft eat 5.043,1: 2 7 538305 7 307,194 1.504.891 5.577

141 1,627858 1.098.148 1491.355 1.1 77.558 269,895 2,221,307 26 157 12.975

Net nsvals

old or tear .5 (171 .200 2.3711 971 5 5,95 8.592 T 1,81_42.313 5 1313.1911 1.175.274 192 316421 24:.9.347 Y: 44'751 t 371817

32

Somerset Academy, IncSpecial-Pnrpnse Statement o1 Act'vl4es ny Charter School('or the year ended June 30, 2017

Village Campus

North laude! dale Campus

Pompano

KeyCampus

Boca Campus

Canyons

9weka Urns Campus

I'e'p

Somerset

Somerset

Somerset

Suntersel

Suncrsci

Somcrsc

Somerset

Some6c1

Somerset

Senlr,seSomcrscl

S(vn ,sn

Somerset

Soo set

Village

Vlllayc

No,h

Chph North

ine

Ponlpuoo

lacy

Fah.

.4ca,lemu

Boca

Canyons

Canyons

Academy

Middle

N7lddle

Lauderdale

Lauderdale

Nl,,ldle

High

Boca

Middle

NLdd(u

1113th

llirnnarrn

Innmrnrdl 113rouardl (BreI)ald( IB,9'rnrdl

(Breutu dl Illn,rvarJ)

(Brassard) (Palm Beach( 1100n, Beal„

( pain, Bcachl (Palm Bcachl (Dade) (Dade)

Support ) Kos:meFl11 an3 (

•eemcs

S

1,714,317

S

411737

S

4%667,97

S

1.5391111

S

2,696 .914

S

1,14 . 1.5117

C 2.161,394

S

742.665

S

2.5711,15.1

S

43-1603

5_63,527

S

4.149.1147

$

1.4..9 5

S

11.4453

Capital

Il.n' l , 1 n4

44,749

45.254

411,997

66,922

162.085

36,6811

130,619

-

115,963

1N.604

434,3116

30. 4349

7111,771)

64 , 307

rcdcral lIme)

2(937(1

1 2 6549

71011.9.1

130,689

294.461

114 , 173

6749'

144.521

34,625

4.41!0

1331121

1/13,70.1

151(517

54929

Pre-K, atiercr'e gnn7rtu,, andlunch pmeram f,',

2.637

713

6 . 197

2.012

17.6117

4,731

68115

2.426

34.561.

5631

17 .1.151

200,671

57 , 344

13 . 7311

Inlere l li d

o and o11n re,enue

35 .44X 1,266 24 475

1.194 2(762

1 537

7 4X4

174

'4!1017 1.025 210657

9.849

45 634

5 411'

Total Support lad l<c,n,uc

.1..106 .761

310519

6.121,10

1 , 7 11 2;159

3,119,445

15.2%20

489,756,

2.763,23 5

466.131

51025742

4 . 767 ,346

4 . 12 /Lnn

1,.161 2 '1

Ilpulelal • 1'.5p33ue.In5lru61101I

3.15X9i

512.012

31173.1'12

635,331

1 , 635 . 616

677644

X913.15

:37.1X1

1.30 1 1,146

1910676

2!9()0.9131

1.'11?,368

7 . 21 9.825

71(X,3'_7

In7)ru[honal it all noutm _. Nee Ices

3.816

1,111,11

16154

2.026

12%77

81144

1594

1.6917

5664

1.259

4511

2476

936

XI

13oard

33.2 5 11

111 3100

66.6110

443).11

410011

21 . 1(1(1

146,4110

(4,31(4

54,425

16175

96550

111 1 11(111

92,245

716511

School ado,,, viral n,

1. 12.5 11 4

1 l11,1 N?

657 . 566

251,544

316,545

191.766

363,154

131.444

276,1134

43,764

5711,643

366,206

652.466

124,985

Faulies ae1uCatcm,I ' ,uul 51111771

36575

19 . 15(1

114150

3111511

59,73111

24,154

57244

21,22 5

51,625

92)11(1

128.73151

96,0011

92,400

34,275

rla,d )717,57

193.476

1112.7111

432 . 1'71

1411.541

147%32

116,628

I 07,114

7761,7

55,1147

9,693

1611351

124.107

1 5 3.753

57 , 156

C.cniral (1111574

64.797

22_941

134,744

33,592

66,542

29.326

76,534

20,133

63597

12.745

139,684

99 . 746

119591

45.273

Pupil Oartspnrtalum scn '«s

-

338[mutest

-

-

-

4.309

Comrnunllc sus lea

-

9 . 741

1725

1!9110

-

-

-

1 1.s 15

90495

-

Total llperalinp.spenses

I{,211 . 195

77116,6 141:7915

1.1 5 42114

2,339617

, 074 . 11 19

16 5 11913 566.686

1.603293

411 1 01,4(4

'.X41.2119

3 . 141534 1641.749

liyccss Suppun and licrcnue Orel .Orlvrmn.- I:'.spem es 11 chore

FacOuy Espenscs

Facility E.Spc.easlac I 1

d'

I.. (runOpera 1

111'111an1 m. mlamaneeDula per, lee..

1et41I . aaln, lispcnse,

I, Range nt No Assets

Set assets al la:m. m d sear

Net assetS al e d,r11ca1

466,563 246X63 1.631 145 6114 035 4 5 45 3 4 7541111'9 747.485 32!1.876 9842142 181.395 1.964.32 . 1 11126.137 I,482 U6N 59447'-.

26117

-

14 515

1.336

7 , 136

1469

11 , 331

1.6,9 11,

1117.235

290637

5.3663

114,473

512-427

215,491

439831

44,764

1,545.758

16751177

965,733

331811

I I0 -671 ,

4- 721

175 . (1(1

46615

16 5.562

52 .394

1111,1611

30.157

144.391

14.786

118447

99,19 2

2 0 11744

77!927

4X2214 (5901,9

1250, 2 86 3392511

739,225

2611.863

666.142

2461146

745 . 51.2 1664611 1.1 .14.269

1.215.X114

4111(17

134 1 1

17996

442%59

266,775

1191.03

(2,654)

77,763

74.1128

439,344

41,441

279663

751,664

261 6.2611

163.265

79X_5 59

2_64,6X.

1.876449

646%59

1.454,431,

22 6%3N

9.9 617

701,076

136,354

718,400

24 ; ).41

521.551

753 511

11(11%_5 2.279.,44 3 955634 4 1,57.1, 139 ? 223984

S 169.743 S 71,3211 5 1.145.456 S 217 191,

944061

1

99775119 S 1,1954(1 5

936,7 1 16

33

Somerset Academy, Inc.Spectal . Purpose Statement of Acl,vn 'ies by Chanel. SchoolFor Me year ender" JUne 30, 2047

Scoot Iinmcstesd Campos SiN es 'alm s Campus Homestead Campus South Mi:uui Campos Bay Campus^,tmrul 5a.

l So,

119 Sul

scl Son sct Sx scl Sal..sct Sunutscl tiom'rxl

Sumoisct Somcnrc Sonsrsa Smtococc SomcrcCtSouth Mtddlc

sSouth I110h South ('cop al Silver Silva 11 nth III,h Cils Arts

Mtddla Oaks Elcntcnm v 374475 Acudcutr Acadcmvlion estuad Nomcetcnd lioru.tcud P4hns 1'uiuls South Campus Academy Country Palms

.ACadcros South Miami South namnu liar liar 66ddluII71drl IDadc1 11)30101 Ulan,') IItacI t 1014457 (Dadcl (Dada) (Dadai tDado) (Doric) (Dadc) (Dade) (Dailcl

Snpptnt and

co,PT19 otd It

nd roue rc,crwes 2 3655.1174 .2 2764867

5 1,589,734 5 5 , 514 2109 S 53172872 .5 2356,349 $

193.627 S 2692434 143.770 4 .1 , 099.438 S 798,139 ti 1,127,639 S 1,772,631 X 7743'otulos. Radon, 2751,41 2123585 87,059 292207 32783 136,1118 81121 55 8,243 6,1961 771.562 133.590 59024 69311 11,903

fodcral );rams. 3281133 230.135 124915 434.724 46'."'_'0 194.974 1 29444 1111.722 5384 423003 38.345 20.108 21322 3,763Prc-IC, afiocc:ac pn,);ratn and

lunch prof a 16737 1.1 ( 2 11!72' 37,589 34,258 17,905 1.456 252116 689 12102 2 306,929 30.741 16,185 2,J55hncrc,l. 13

d.

s tg v,d cllc(,vnue 51.863 7.1415 12.352 22.479 198.357 11.528 1354 14. 117'1 728 .1 252 141275, 2.986 370,3.19 60 , 317Tidal S

I oc ,n d Revenue .1

712!11,1 3,261 29.1 1 . 328.191 6,301,668 6,175, 5 81 21,1e 261 339112 2495,Gk ' l 156.71,7 1801277 3,408!75') 1,4411,818 ..?89,1011 353,870

Orsallnl Expcbscs.ltnwcurnc 1,718,176 1,311) -343 672.082 27402735 2.4164911 1022 . 316 61 IIN3 1.515747 17102.1 75145',7 1,64.1 , 678 516,285 1,15.5 .423 1171162

Irt:truclinnal

a(I tralnut ,l tann cc' 6,2(13 5,751 3492 1'484 5,987 2.4711 106 10,324 22182 11.233 1,321 2,88') 1,213 1,683Board 9.5110 8.2911 4,900 88,459 368.215 64721, 11111114 38,150 7,150 523h110 10,1111 7„260 84100 5 . 51111Sclvx,l udnun Slranon 5416135 4106901 418.887 721.8111 6175 2 3 738 ,324 66 138 374 . 732 12461 524 984 414 , 764 241 , 184 295,858 37,147

Pacilics acquisutou1 2 '.5547 ser',necs 76,875 66,0011 37275 11'2,.1125 121 275 77 775 J , 5110 58,350 3 . 300 87 711!1 610(175 31,500 36 1 175 6 2 150Fcv}d cc 2 5.11190 172,5114 46,740 255,062 266,595 121,599 9,886 157,022 8,880 2301260 1117,163 56,198 71,766 12188C

(al servce.. 104212 105 ,684 58,174 161,8116 134.608 61 ,2146 4!987 80.11_' 3 . 7'10 10'1425 874113 45 , 090 44 954 7 , 3 29,Pupil transponauon scnlccslouvred 2(15,05 - - -I,tlmnntil, sc, t 1 2_.(116 .

Total (h

rand', E804115cc 7.718 . 1191 71178.563 I '93, : 70 4 . 1185')64 3081198 Ihiri 5'6 lib 7114 2.246:o; 5 481,84 ' . 510,529 330.511 v00.5113 11,14.194 234.774

E'SbbS,a Support :lid I(cix'mx O, etOpcrat,r. tig,enscs and ISabo,racihty Sc I.co,8 1,5'711.873 1,182.731 777,412 2,215.704 2.111287 '7 5 1:38 67, 1!73 74 16629 58,1183 33. !l'I8 1338,445 540 , 015 101,9!16 109091

4[445 Lspatac_i .Fanlwcs .61 nutmrnluu 4.864 12.633 104.818 120,507 I')33 1.463 2,128 - 41681 6,720 535Oprration of plant 648964 714,257 132.287 1776.6711 1,693.877 6'14 ;455 491.689 515,131 248 114 790,574 627,5116 315,0411 46889,5 75,666

p lnnl nleuucoancc 47.1111 54.1148 26.231 91,236 1 2_7.5;5 44.319 3,517 79.565 1,8511 1112314 11101,4 31610 302794 4,917Debt scrtcccs

Total f auhn L,PUtti a 705 . 929 180.438 458.518 1.772.724 1,937,91V 740.739 54.669 596,824 20,744 892.888 78(, 251 377 170 492889 81118

(h:uly;e ut Nct \,srns 824.744 4111.793 76 7 894 44 3 480 2116'71,1 2. III,59'7 12,529 182.805 31.339 438,060 352,194 160645 145017 27 ,973

Ncl .sal, al bc}•,Inn t„a l ,rar 25427 790 . 720 259 . 671 1506.2671 2 .4114.015 1.183 914 160!748 4511,748 162.874 944.2 2 9 1.632 081, 51'7. 2 16 159219 64,6116

14::cla ccc

d Y ; 410,71 C 1 , 192 .513 336,565- S (6 3,2871 5 ? 610,379,... X 1194 513 ^&

I77_ a7J S (12.51f,11_81_. 21,134 . 281i r 685 56'_ 30,1 36 5 79

34

Somerset Academy, Inc.Special-Purpose Statement of Acllvl0es by Charier SchoolFor the year Boded .h me 30, 2017

1tilb,le Campus 13rrx26s

Son

rsel 5o111urse: 50111,881 Somerunt Acalcn sofSconce 5'

Somuscl Somerscl SOtumml loc.

Coral Gabler talc Eagle Pteparatoro AXf

Somcrscl College Somorsct Plcpar:dor Ae.adenn ladies Maxis

(.

co (:;96,!,90 841441: taralol5 \adum L

,

96 11 Vlriuul Sunset 0 I

t

School Account

l?ucall..__l(Dade) Ducal! IDo'd) 51,A St. sU Cfe8a_sl Academy Dade (Palm Beach,) Inc. [Ilninnuor, Tola)

3.422.1,747 882,470 y 1,89:294 S 3,72604 S _.'_19.'41 S I,,917,531 S -

S 1.827.585 5 531,705 5 5 13:!926.744

)61,)013 - 70,363 1'1 .1,507 111.781 74,856 25 . 927 7.063,564

43!156 225_544 55449 3571191 - 1,154,421 596211 95.889 - - 8 . 889,210

52111, 37 3112 2.545 180 -1111 40,30 18,0112 - (207,0651 2,668257

75.718 :1 14,590 .11'47 42118 10.974 2118.356 873.460 8

46 200980 7,305,574 32. 101

,061 7.171

782

,.876 3711 I.460,07-1 782,294 3 , 73'13 14 2..4.636 1871111 705 873 . 4110 17325.311') 8 59,54'I A305,574 (a,!. If ,5271 15 11,119./63

:7,17', 4116, 694710 3983163 1 - 808,171; 910- 170 12957,467 734.355 11161.082 327 , 742 41438 1401.714) 76,236493

477 1.179 629 11,641 9594 177,584 - - 671 107.851 548.22110

120,1011 213511 17,7311 4 . 550 61!97 5 333106 1113,5011 20,950 7,750 I .

3,

113 (:.177,71141 576368

.129!190 207 .70 68067 5 62,032 411.357 3.136.761.00 2,212 291 02 3 1149,149 352 . 327 19,870,691

(.7!775 19,275 16, 5 00 68,125 53.475 - - 40,350 11.025 - = 6 5 32263

147.162 117,654 49024 2)11156 - 537330 - 78.061 - 1,616 - 6681.836

88 . 480 411336 1643, 97,5112 98 .093 - 3,001 49,583 55.37! 17.101 - 3,499,224

- 2. 571 61.029 59.578 - - - 407.228

143018 3972 2

16,1911 - - 576 - - .1006 995 177 0871 J.278 214

2_9778.1819 1,102.986 5 71_1111 2.807.781 1.699 2 111 16.842.142 841.177 1,53 1 ,449 571,328 5.761.3.0 I

! I6

Li) 114.,41.2 .1'f

4111.190 3571105 21E054 894,533 643,1 4 3, 1.0063 30333 492.3631 708.269 1 .544 233 44,978,514

182 71 _ 19.5112 - - 70,,663

721.812 3524637 1314 7 2 751.7116 460,483 X17,727 11739 1,036.103 218447 77799,1611

78,264 59.288 83713 248.466 812.344 - 27,005 4788; 1!165,7(6

187711 - - - 241,6:01'

818.320 411,321 199485 1.1192,172 54.

321 1 0115430 - 258.246 084 . 178 218 493 - ..712605

99 , 87o 154 2:31 7E569 11117,6:4) 1011.119 853.12+ 70 , 337 234,114 {7'17,931 41 1325,740 9,265 464

368,185 122.475 281028 35949 368485 3656266 183.623) 344.292 3,371.343 53,58112137

4685153 52 1197 1 22.0 3111 5 468 6114 4 5247-'11 S ( 53 2'19_LA_ 583401, S 1795 909) S 4 646 . 687

S I I 1 and Revenue;IIE.:md l< dulon coercesCapital

If I

neFederal grand:

andI

F :dtorezre leogralolunch prop,. Ibex

1 r st. ft I 1. )r and othor revenue'eud ti Marl and Reeeuuc

Opob n lotg }... I cm;c,.18true o,los66c6,sal stall' lramnlc scone.

hoardSchool a b, ,m vat':

i

I

lion.rocs! seroces1

f serousC unrll /195'0,.7:

Pupil I9nup6M1aoon serviee5InlerealC

u m1l ,,ul ()le Im; 534e'ne_s

Excess Support and Raceme OverClpcrallno 1.:xpgnso and Beforeholds Esp. n ex

ill EstFI/

7

:1

() 1 „aehoo of plan!PLua nlmnlcuanccDebi 101910

Todd I ' oe l lu 0'pellses

(lunge 1n Ns r\+aclS

h'e! 0s.5et9 l horn. t,cI tear

her assets t e:d ei

35



Response and Approach

Proposed Timeline1/31/19 5/11/19 8/19/19 11/27/19 3/6/20 6/14/20

Submission of charter school application

Final Revisions of Application Submitted

School Board consideration of Application

Solicit contractor bids and make final General...


Grant Solicitiation


Finalizing curriculum and other instructional materials

Student Application Window Closes and Lottery will be...

Vendor Contracts Finalized (Food Service, Uniforms, Etc)

Technology and School Furniture Purchasing

Teacher fingerprinting, drug-testing, and background...

Policy Adoption by Board as needed

Governing Board Training/Fingerprinting as needed

Conduct Final Facilities and Safety Inspections

Finalize Registrations and Master Schedule

Final Curriculum Review with lead staff

Student/Parent Orientations

Personnel Assigned to the Project


Critical Issues & Resources Committed

Like all construction projects. the approval of the building plans and the timing of thegovernmental approvals are essential in order to meet the timelines set forth. The building needsto be completed at least 90 days prior to the upcoming school year in order to commit to theincoming class and their parents.Please see Somerset's financial disclosure statement for resource commitment.

162

City of Port St. Lucie, Florida

Documents

Transcript of City of Port St. Lucie, Florida