Skip to main content
DC PCSB
  • Board Meetings
  • News
  • Policies
  • Public Comment
  • School Profiles
  • Transparency Hub

Main Menu

  • About Us
    • Who We Are
    • 2025-2028 Strategic Roadmap
    • Audits
    • Testimony
    • Annual Reports
    • School Reform Act
    • Public Board Meetings
    • Careers
    • Parent & Alumni Leadership Council (PALC)
  • For School Leaders
    • DC PCSB's Policies
    • Start a Charter School
    • Frequently Used Links
    • Financial Oversight
    • Charter Sector Data
    • High School Resources
    • Review and Renewal Toolkit
    • Annual Compliance Reporting
    • Charter Agreements & Amendments
    • Planning Year Playbook for New Schools
    • Student Populations Resources
    • Charter Reviews and Renewals
  • For Families
    • What is a Public Charter School
    • Apply to Attend a PK-12 School
    • Community Complaints
    • School Finances and Funding
    • School Planning
    • Transcript Requests
    • Charter Reviews and Renewals
    • High School Graduation Rates & Requirements
    • Qualitative Site Reviews
    • Weather-Related Updates
  • ASPIRE

Breadcrumb

  1. Home
Financial Information

Financial Analysis Reports

October 20, 2023
  • Share through Facebook
  • Share through Twitter
  • Share through Linkedin

Each DC public charter school is required to conduct annually a thorough audit of its finances and operations. Each audit is conducted by a third-party auditor, chosen by the school from a list of auditors approved by DC PCSB, the Office of the Chief Financial Officer, and the Office of the State Superintendent of Education. DC PCSB analyzes and summarizes the information in these audits to produce the Financial Analysis Report - formerly referred to as the Financial Audit Review or study of fiscal audits - as a joint project with all three agencies, that present consistent and transparent information about DC public charter schools’ finances and operations.

2023 Financial Analysis Report

DC public charter schools’ aggregated financial results continue to show strong financial results as reflected by the eight financial indicators summarized on page 3 in the 2023 Financial Analysis Report. Of the 69 LEAs operating in FY 2023, 41 LEAs, or 60% of the total LEAs in the sector, met or exceeded the standard for every indicator.
Read the 2023 Report

2022 Financial Analysis Report

DC public charter schools’ aggregated financial results continue to show strong financial results as reflected by the eight key financial indicators summarized on page 3 in the 2022 Financial Analysis Report. Of the 68 LEAs operating in FY 2022, 39 LEAs, or 57% of the total LEAs in the sector, met or exceeded the standard for every indicator.
READ THE 2022 REPORT

2021 Financial Analysis Report

DC public charter schools’ aggregated financial results continue to show strong financial results as reflected by the six key financial indicators summarized on page 3 in the 2021 Financial Analysis Report. Of the 66 LEAs operating in FY 2021, 57 LEAs, or 86% of the total LEAs in the Sector, met or exceeded the standard for every indicator.
Read the 2021 Report

2020 Financial Analysis Report

DC public charter schools’ aggregated financial results continue to show strong financial results as reflected by the six key financial indicators below. Of the 62 LEAs operating in FY 2020, 50 LEAs, or 81% of the total LEAs in the Sector, met or exceeded the standard for every indicator.
Read the 2020 Report

2019 Financial Analysis Report

DC public charter schools’ aggregated financial results continue to show strong financial results, as reflected by the 6 key financial indicators below. Of the 66 charter Local Education Agencies (LEAs) operating in 2018-19, 48 LEAs, or 73% of the total LEAs in the sector, meet or exceed all of these standards.
Read the 2019 Report

2018 Financial Analysis Report

This year's report shows that DC public charter schools’ aggregated financial results continue to show strong financial results, as reflected by the six key financial indicators. Fifty-three schools, or 80% of the total LEAs in the sector, meet or exceed all of these standards.
Read the 2018 Report

2017 Financial Analysis Report

DC public charter schools’ aggregated financial results continue to show strong financial results. As indicated below, roughly 90% of schools meet or exceed DC PCSB standards for individual indicators of financial strength. Forty-seven schools (72%) meet or exceed all of these standards.
Read the 2017 Report

2016 Financial Audit Review Report

DC public charter schools’ aggregated financial results show both areas of improvement and areas of decline.
Read the 2016 Report

2015 Financial Audit Review Report

For the first time, this FAR Report includes an evaluation of each auditor’s compliance with DC PCSB’s audit guidelines and expectations, available in Tab 4. These evaluations, which highlight areas of concern or non-compliance, will comprise one component of the auditor review process, which determines the approved auditor list described in the report.
Read the 2015 Report

2013 Study of Fiscal Audits

Pilot studies were issued for FY10 and FY11, with the first public report in 2012. Since FY10, the number of high-performing schools has increased from 11 in FY10 to 31 in FY14, while low-performing schools have decreased from 13 to 5.
Read the 2013 Report

2014 Financial Audit Review

This Financial Audit Review (FAR) is based on the financial audits of all Washington, DC public charter schools for the fiscal year ending June 30, 2014. The FAR is intended to provide information about the financial health of individual charters and the charter sector as a whole in an easy-to-read format.
Read the 2014 Report

2012 Study of Fiscal Audits

This report analyzes uniform data from PCS financial audits in order to measure the fiscal performance of DC charter schools. Pilot reports were issued for FY10 and FY11, and this FY12 report is the second report made available to schools and the public.
Read the 2012 Report
DC PCSB
  • Work at a Public Charter School
  • Careers at DC PCSB
  • Start a Charter School
  • Contact
  • FOIA
  • FAQs
  • Privacy Policy
  • Sitemap

Follow DC PCSB

  • Facebook
  • Twitter
  • Instagram
  • LinkedIn
  • Youtube