Why does the Alameda County Office of Education require us to maintain 3 percent of our operating revenue as a reserve? Do we have the reserve?

The Alameda County Office of Education requires a 3 percent reserve because that is the level that the state of California requires of school districts. As a new charter school, it is important for Urban Montessori to show to our authorizer that we are on sound financial footing. In reality, UMCS has built a larger reserve over time to insulate the school from up-and-down cycles in the economy, but we also anticipate additional expenses related to facilities upgrades.

La Oficina de Educación del Condado de Alameda requiere una reserva de un 3 por ciento porque eso es el nivel que el estado de California requiere de un distrito escolar. Como una nueva escuela charter, es importante para Urban Montessori mostrarle a nuestro Autorizador que tenemos una base financiera sólida. En realidad, UMCS ha construido una reserva más grande para evitar ser afectados por los altibajas de la economía, pero también anticipamos gastos adicionales relacionados a nuestras facilidades escolares.

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Why does the Alameda County Office of Education require us to maintain 3 percent of our operating revenue as a reserve? Do we have the reserve? / ¿Por qué la Oficina de Educación del Condado de Alameda nos obligan a mantener un 3 por ciento de nuestros in