Submitted by admin on January 26, 2010 - 10:58pm
in
Minnesota
Holdbacks are increasing to 30% for FY 2011.
Meet uncertainty with a plan.
We can help your school.
Minnesota holdbacks are increasing from 27% in FY 2010, to 30% for FY 2011. We can help your school make a plan now. With the state budget facing a projected $5 billion shortfall in the next biennium, there is no sign of reprieve for education. Click through the tabs below to see how holdbacks will impact your school.
Minnesota Holdbacks
Charter School Capital Financing Solution
Solution:

• The school has $250,000 in reserves
• Charter School Capital provides $600,000 in funding
• The school has the option of a multi-year agreement

Result:

• The school preserves a sound portion of cash reserves, and keeps their
attention on programs instead of cash flow issues.

The Result:
Charter School Capital provides financial resources to cover long-term cash flow needs.