Common use of Falls Far Below Standard Clause in Contracts

Falls Far Below Standard.  Upon further review following a preliminary Pending rating, the Commission identifies significant financial risk and has concerns about financial viability such that heightened monitoring and/or intervention are necessary. EXHIBIT B.2 .‌ ORGANIZATIONAL PERFORMANCE FRAMEWORK The purpose of the Organizational Performance Framework is to communicate to the charter school and public the compliance-related standards which the charter school must meet. The Organizational Framework includes the standards that the charter school is already required to meet through state and federal law, rules or the charter contract. NACSA Principles & Standards (2012) states that, “A Quality Authorizer implements an accountability system that effectively streamlines federal, state, and local…compliance requirements while protecting schools’ legally entitled autonomy and minimizing schools’ administrative and reporting burdens” (p. 16). For each measure a school receives one of three ratings. Meets Standard: The school materially meets the expectations outlined below.

Falls Far Below Standard.  Upon further review following a preliminary Pending rating, the Commission identifies significant financial risk and has concerns about financial viability such that heightened monitoring and/or intervention are necessary. EXHIBIT B.2 .‌ B.2. ORGANIZATIONAL PERFORMANCE FRAMEWORK The purpose of the Organizational Performance Framework is to communicate to the charter school and public the compliance-related compliance‐related standards which the charter school must meet. The Organizational Framework includes the standards that the charter school is already required to meet through state and federal law, rules or the charter contract. NACSA Principles & Standards (2012) states that, “A Quality Authorizer implements an accountability system that effectively streamlines federal, state, and local…compliance requirements while protecting schools’ legally entitled autonomy and minimizing schools’ administrative and reporting burdens” (p. 16). For each measure a school receives one of three ratings. Meets Standard: The school materially meets the expectations outlined below.

Falls Far Below Standard.  🞏 Upon further review following a preliminary Pending rating, the Commission identifies significant financial risk and has concerns about financial viability such that heightened monitoring and/or intervention are necessary. EXHIBIT B.2 .‌ ORGANIZATIONAL PERFORMANCE FRAMEWORK The purpose of the Organizational Performance Framework is to communicate to the charter school and public the compliance-related standards which the charter school must meet. The Organizational Framework includes the standards that the charter school is already required to meet through state and federal law, rules or the charter contract. NACSA Principles & Standards (2012) states that, “A Quality Authorizer implements an accountability system that effectively streamlines federal, state, and local…compliance requirements while protecting schools’ legally entitled autonomy and minimizing schools’ administrative and reporting burdens” (p. 16). For each measure a school receives one of three ratings. Meets Standard: The school materially meets the expectations outlined below.