
| Annual Fundraising Drive |


| Dear Dragon Families, Welcome to the 2007 – 2008 school year. Everyone feels the excitement of beginning another school year. Our school continues to be regarded as one of the most highly respected elementary schools in Livermore and maintains its status as the largest start up charter school in California. CCEF believes that the education of the children of Livermore Valley Charter School is our most important mission. Our children are the future of our country and each child must be given the finest instruction, highest quality teachers and support staff, an academic atmosphere and extracurricular opportunities to be prepared for the 21st century. A successful annual fundraiser would not be possible without the financial support of the parents, citizens, and volunteers. By your donation, you show your belief in our mission, and a belief to sustain excellence in academics that distinguishes us from all other public or private schools. It is critical that all parents, especially our new parents, understand that all of the public funding sources for LVCS falls at least $1,000 per student short of what the other public schools in Livermore receive. The Choice for Children Education Foundation is the primary vehicle for contributions to be funneled to LVCS. Last year, CCEF has raised over $500,000 for our school! When you are asked to make a gift to the "Annual Fundraising Drive," the monies generated will create opportunities for all of our students. We will be able to enhance our academics, by hiring our librarian, Reading Remediation Specialist, Campus Security, and Yard Supervisors. We can also offer a contribution toward the successful middle school laptop program. In order for us to plan, and budget, I ask that you please turn in your CCEF donation form by August 21st to help us plan, even if you will not be making a donation at this time. On behalf of the students, administration, faculty, and staff of Livermore Valley Charter School, please accept our deepest appreciation for your past support. Please consider donating a gift to our Annual Fundraising Drive. Thank you for making a difference in your child’s future. Respectfully, Tara Aderman |
| August 8, 2007 Greetings LVCS Parents, As we conclude a challenging summer, I would like to bring our community up to speed on the events of the past few months. The LCLC Board has taken several significant steps to ensure that the school is financially secure for 07/08 and beyond. By changing our budgeting process to a more standardized process, we have a much higher degree of certainty that our revenues will meet our current projected expenses, and there is little doubt the school can be financially stable in the near and long term as we have shifted away from a major reliance on debt to sustain our operations. We have been utilizing financial consultants recommended by the California Department of Education. The FCMAT consultants have been instrumental in helping develop best practice fiscal policy and procedures, starting with the development of the 07-08 budget. They have final approval of our expenditures for at least the remainder of the fiscal year. Both FCMAT and LCLC are working very cooperatively and we believe this experience will be to the long term benefit of the school(s). In the past, in our desire to provide every possible experience for our children, we spent beyond our means funded primarily by long term loans and leases. The principal and interest on those loans and leases have begun to impact the overall finances of the school. Therefore, we have determined we must no longer utilize long term loans and most leases to operate the school. Our financial recovery plan which is essentially to only spend our currently available dollars has resulted in some change. We have been able to maintain our overall core program and our extended hours of instruction. While the bell schedule has been modified from that of the past, the instructional minutes have been maintained virtually equal to previous years. Our Kindergarteners exceed state minimums by 28%, Elementary by 25% and Middle School by 16%. For example, our middle school students get 146 hours of additional instruction over a 180 day schedule. That's about an extra 50 minutes a day. Some cuts had to be made including library staff, reading intervention, yard duty, and campus security. CCEF, based upon the willingness of the parents to support the Annual Fundraising Drive, has agreed to fund the positions as well as some capital investments including computers. Their funding is based upon the LCLC identified areas that we would like to protect. Should the families be willing to contribute at a level equal to or greater than last year, there should be no problem maintaining all the significant cuts from our operating budget. Please join with LCLC, CCEF, and the LVCS PTO, in assuring that the school’s priorities are provided to our children by supporting the Annual Fundraising Drive. Regards, Bill Batchelor, Board President LCLC |