Afton supports major charter school operator through managerial and financial transition
Afton was engaged by UNO Charter School Network (“UCSN”) in 2015 to advise the organization through a transition from its former management company. UCSN operates 16 public charters schools for 8,000 students, authorized by Chicago Public Schools.
Prior to 2015, all back office supports for UCSN’s charter schools were contracted to the non-profit management company out of which UCSN was created in 1998. As it became necessary for UCSN to develop its own back office supports for its schools, the organization undertook a year of planning prior to implementation of the transition. During this planning period and into the transition itself, Afton advised the organization on all financial aspects of this transition, including one-time and recurring costs of the transition, finance and accounting operations, annual budgeting, long term planning, capital structure, financing, and facility acquisition matters.
Following the management transition, Afton was engaged by UCSN to support the organization’s multi-year financial planning, collective bargaining negotiations, and facility acquisition planning.
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