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--- 300_finance [2025/01/16 19:45] – [332 Fees and Charges] jtorgerson
+++ 300_finance [2025/12/04 21:31] (current) – [344 Partial Semester Attendance Billing] jtorgerson
@@ Line 3: / Line 3: @@
 ===== FINANCE (Section 300) =====
-==== Petty Cash ====
+==== 300 Petty Cash ====
 The primary purpose of the petty cash fund is to create cash boxes for making change during the sale of items at events. The use of petty cash should typically be avoided; if at all possible, arrangements should be made with the Business Office in advance of events to use non-cash payment methods. The school petty cash fund will be maintained at a level of $450 and stored securely.
@@ Line 181: / Line 181: @@
 /2025//
+==== 335 Penalties for Early Withdrawal for an Upcoming School Year ====
+Re-enrolled and enrolled students who withdraw after re-enrollment/enrollment and prior to the start of the upcoming school year will be charged the value of one eleventh of tuition as a fine in addition to both (a) any owed tuition/incidental/trips/invoice items  and (b) the forfeiture of the enrollment deposit (where applicable), as a process of Early Withdrawal. Untimely withdrawal causes the school to incur significant costs. CHA can withhold grades and transcripts from parents until fines and outstanding invoice items are paid.
+//Approved by Administration Team
+/2025//
 ==== 336 Penalties for Delinquent Payments ====
@@ Line 198: / Line 204: @@
 /2025//
+==== 337 Tuition and Tuition Payment Plans ====
+Annual tuition is determined by the Board of Directors (See Tuition, Discount, and Refund Policy). Tuition must be publicly posted on the school website.
+Parents may select to pay the full year of tuition in full by August 28th or one of two payment plans:
+-Month Payment Plan. Eleven equal payments due on the 8th of each month, from July 8 to May 8 of each school year. Payment should be made through VC Pay unless special permission is given by the Business Director.
+-Month Payment Plan. Eleven equal Payments due 28th of each month, July 28th thru May 28th.
+//Approved by Administration Team
+/2025//
+==== 338 Continuous Enrollment ====
+CHA practices Continuous Enrollment, meaning that, per the Enrollment Contract, parents are automatically re-enrolled if the school is not notified of withdrawal prior to the Re-Enrollment Deadline (March 15).
+//Approved by Administration Team
+/2025//
+==== 342 Tuition and Fee Schedule ====
+Administration should publish no later than December 1st of each year the tuition and fee schedule for the following school year. The schedule should be posted in the appropriate accessible location on the public and internal websites.
+//Approved by Administration Team
+/2025//
+==== 344 Partial Semester Attendance Billing ====
+//Late Enrollment//
+If a new student enrolls before the 15th of the month after the start of a school year, a full month’s tuition is due, based on the 11-month tuition schedule. If a student enrolls after the 15th, a half month tuition fee is due, based on the 11-month tuition schedule.
+//Early Withdrawal//
+Students will be charged for the entire month’s tuition regardless of the number of days attended during the month. For example, if a student attends class from October 2-5 and then withdraws from school, he/she will be charged tuition for the entire month of October. No partial month refunds will be issued.
+Early withdrawals prior to the end of a semester will also incur an Early Withdrawal Fee, calculated according to the following chart. In addition to the Early Withdrawal Fee indicated below, the Enrollment Deposit will not be returned for withdrawing students who do not withdraw during the annual withdrawal window between February 1st and March 15th (see [[300_finance#332_Fees and Charges|Procedure 332 Fees and Charges]]).
+|**Withdrawal during…**|**Early Withdrawal Fee**|
+|March 15 to semester start|One eleventh of annual tuition (see [[300_finance#335_Penalties_for_Early_Withdrawal_for_an_Upcoming_School_Year|Procedure 335 Penalties for Early Withdrawal for an Upcoming School Year]])|
+|Semester start through September|$1,000|
+|October|$750|
+|November|$500|
+|Semester start through February|$1,000|
+|March|$750|
+|April|$500|
+//PreK and Kindergarten Section Transfers//
+Any PreK or Kindergarten students who switch from full day to half day enrollment or from full week to partial week enrollment at any point between March 15 (re-enrolling students)/enrollment (new students) and the end of the following school year will incur a $125 Transfer Fee. Students who switch from half day to full day will incur no fee.
+The Business Director may grant a partial or prorated refund for tuition and relevant fees if extenuating circumstances exist such as moving outside a 30-mile radius, family death or severe health situation, or job transfer. Requests and approvals must be made in writing.
+//Approved by Administration Team
+/2025//
 ==== 364 Budget Preparation and Calendar ====
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 **Budget Timeline**
-  * October: The Board Finance Committee provides recommendations and/or budget goals to the administration for the following school year.
+  * September: The Board Finance Committee provides recommendations and/or budget goals to the administration for the following school year.
-  * November: The Business Director and Head of School recommend tuition amounts to the Board Finance Committee.
+  * October: The Business Director and Head of School recommend tuition amounts to the Board Finance Committee.
-  * December: The Board approved tuition for the following school year.
+  * October/November: The Board approved tuition for the following school year.
   * November/December: Business Director and Head of School meet regularly to start drafting the following year's budget. During this time the Business Director will meet with key budget owners to hear their needs for the following school year budget.
   * January: The Business Director and Head of School will seek key inputs from the Finance Committee. Final budget worksheets from key budget owners are due by the end of the month.