Keeping parents informed - Transparency
Matrix is a charter public school governed by a nonprofit board of directors and overseen by the Los Angeles Unified School District.
On January 12, 2016, the LAUSD board voted to approve a Board Resolution, “Keeping Parents Information: Charter Transparency” which was passed with the support of the LA charter community. The resolution highlighted commonly requested information and data that charter public schools share with parents through their charter petitions, School Accountability Report Cards, Local Education Agency Plans, Local Control Accountability Plans, Annual Audits, and other publicly available documents.
This commonly requested information is available from Matrix electronically or manually by parent request. Parents may request this information in English and any single primary language meeting the requirements of Sections 45400 through 45403 of the California Education Code. Please submit parent requests for translated information to the school’s main office.
California created the Education Protection Account (EPA) in November 2012 after the passage of Proposition 30, The Schools and Local Public Safety Protection Act of 2012. Proposition 30 temporarily increased the personal income tax rates for upper‐income taxpayers and the sales e for all taxpayers. The .25 sales tax increase expired in 2016. The income tax increase was set to expire in 2018, but was extended by voters though 2030 via Proposition 55 in November 2016.
Revenue generated from the increased taxes are deposited into the EPA and distributed to districts and charter schools on a quarterly basis.
While funds from the EPA are part of a district’s or charter school’s general purpose funding, Proposition 30 specifies that EPA funds may not be used for administrative salaries or benefits or any other administrative costs. Governing boards must determine the use of EPA funds at an open public meeting annually.
Proposition 30 also requires all districts, counties and charter schools to report on their websites an accounting of how much money was received from the EPA and how that money was spent.
For schools open prior to FY13/14, EPA funds are estimated to be roughly equal to 47% of a school's FY12/13 funding rate multiplied by the current year Average Daily Attendance.
For MATRIX for Success Academy, this equates to $30,800.00.