Financial Documents
Quarter 4: Information Coming Soon
Details coming soon!
Q4 Financial Analysis and Budget Variance
Q4 Management Report
Quarter 3: January 1 – Coming Soon
Based on updated guidance from the Colorado Department of Education (CDE), the payment policy for all dual enrollment courses was revised in January 2022. All students/parents were invoiced for their dual enrollment tuition, at a rate of $52 per credit hour. Families who had previously donated to the scholarship fund were given the opportunity to re-categorize their donation as a payment of their student’s fees. Students were not charged for two dual enrollment classes: Senior English and College Algebra – UCCS and UCD required these courses to be paid by Ascend, and not directly by students. By the end of March, 80% of families had paid their fees, resulting in a $7356.12 overage in the “dual enrollment” line item. The remaining families paid their fees in Q4, so we will be able to pay UCCS and UCD in Q4 when we are billed.
Q3 Financial Analysis and Budget Variance
Quarter 2: October 1 – December 31
Q2 brought large payments to the University of Colorado in Colorado Springs, the University of Colorado in Denver and Grand Canyon University. These payments covered student’s dual enrollment tuition. After further discussion with CDE, parents will be invoiced for these costs, and in Q3 all dual enrollment tuition will be paid directly to UCCS and UCD.
Q2 Financial Analysis & Budget Variance
Quarter 1: July 1 – September 30
Ascend College Prep was approved as a new public school in April 2021 and opened to students in August 2021. The Q1 expenses include all costs involved with school renovations as well as furniture, technology and textbooks. Instructors all elected to be paid in either two installments (Oct and Dec) or at the end of the semester (Dec), and the administration chose to forgo their salaries during Q1 to ensure financial viability.