ARISE High School - Granicus

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generally accepted accounting principles. Audit exceptions and deficiencies shall be
resolved in conference with the auditor to the satisfaction of the auditing agency and
OUSD. To the extent possible, ARISE High School agrees to resolve outstanding
issues from the audit prior to the completion of the auditor's final report. The audit will
be completed and submitted to OUSD, the California Department of Education, and
the State Board of Education by December 15 th following each school year. ARISE
High School will provide interim financial data required by the district to fulfill its
obligation to the county and state.
ARISE High School will receive funding directly pursuant to California Education Code
Sections 47630-47635 and all applicable education codes.
CLOSURE PROTOCOL
Should ARISE High School close, the following procedures will be followed to ensure
an orderly closing of the school:
1. If possible, staff will be given at least 75 calendar days notice of the closing.
2. If possible, parents and students will be given at least 60 calendar days notice
of the closing, and will be provided with information about their attendance
alternatives.
3. An independent educational consultant will be hired to collect, organize, and
submit all student records to the District and/or the school that receives the
students. Copies of the records will be sent to the District of residence.
4. An independent auditor will be hired to catalogue all assets and determine the
extent of liabilities of the school. The auditor will also perform a final audit of the
school's finances. Sufficient funds will be set aside to pay for the final audit and
the safe storage of records for up to one year while students find new schools
that can accept the files.
5. The school's attorney will pay down all liabilities and transfer all remaining
assets, as allowable by law, to another non-profit educational institution.
Additional policies and procedures will be determined as needed by the board of
directors based on the needs of the school and the District.
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ARISE High School
Charter Petition Submitted to the Oakland Unified School District
July 18, 2006