Fiscal Scorecard

Each year, CPS rates all charter schools on several key metrics of financial health. Our school’s most recent available scorecard is linked here: 

FY22 Fiscal Scorecard for Art In Motion – Creative Arts School

Annual Budget

Our fiscal year starts on July 1 and ends on June 30 of the following year. Our most recently completed fiscal year was FY23, which ended on June 30, 2023. Our total budget in FY23 was approximately $9.4M. We are projecting an increased budget in FY24 of $12.1M based on an additional grade served and the new school building placed in service August 2023.

Sources of Funding

The pie chart below breaks down the various sources of our revenue. We are approximately 93.6% publicly funded via city/state/federal funding, mostly based on per-pupil formulas. About 3.5% of our funds are privately raised; we receive minimally significant amounts from student fees and other sources.

Primary Expenditures

The pie chart below breaks down how we spent our funds in FY23. 

• Direct Student Costs include curriculum, classroom supplies, educational materials, enrichment opportunities, student incentives, and meal services, among others. 

• Personnel Costs are salaries, benefits, payroll taxes, etc. - all costs associated with the teachers and administrators who run the school. 

• Occupancy Costs included rent and building ownership costs, insurance and other costs to maintain our school buildings. 

• Office Administration Costs include payroll and HR services, accounting and auditing services, printers and copy machines, telecommunications, tech support, and other expenses needed to run school offices and enable staff to do their jobs. 

• Other Costs are primarily fees and debt service. 

In FY23, we were undergoing a full construction buildout of our main campus facility which has gone into use as of August 2023 (FY24).  This information appears on the balance sheet in FY23 but will begin depreciating in FY24.

Other Information

Our public copy of our 990 and our annual audit report are available upon request. Please email financeTeam@distinctiveschools.org and we will send the file(s) to you within 5 business days.