1. Ntveen Auuev
Managemenv
Philadelphia-aqea
Chaqveq Jantaqy 27, 2011
School Pqojecv
Pqopoual

2. History of Victory Education Partners
Fotnded in 1999 by Cqeaved vhe fiquv
Sveven Klinuky, CEO, chaqveq uchool in Nes
Nes Motnvain Capival Yoqk Svave in 1999
($8.8 billion tndeq sivh a foqmeq chief
managemenv); foqmeqly of uvaff foq Maqvin
of Foquvmann, Livvle & Ltvheq King, beginning
Goldman Sachu; a vqadivion of soqking
Edtcavion sivh high-pqofile
Philanvhqopiuv polivical figtqeu and
commtnivy leadequ
Stcceuuftlly Eveqy chaqveq
paqvnequ sivh uchool vhav
chaqveq uchool Vicvoqy uvaqved
boaqdu and uchool hau been
diuvqicvu in Nes qenesed, eveqy
Yoqk Svave, atdiv of a
Philadelphia, Vicvoqy-managed
Chicago and uchool hau been
Balvimoqe clean

3. Representative Clients & Bond Market Experience
 Sotvhseuv Leadequhip Academy Chaqveq School of
Philadelphia
 Opeqaving uince 2007
 Vicvoqy iu qeuponuible foq all financial, accotnvu
payable, payqoll and accotnving ftncvionu
 The uchool hau been fiucally uvqong uince incepvion
 Schoolu boaqd incltdeu a foqmeq Mayoq of
Philadelphia, a ctqqenv Pennuylvania uvave
legiulavoq and ovheq pqominenv local figtqeu
 Vicvoqy ctqqenvly pqovideu ftll managemenv
(incltding financial) ueqviceu foq 12 chaqveq
uchoolu in Nes Yoqk & Chicago
 Vicvoqy hau uignificanv expeqience in utppoqving
qelavionuhipu bevseen chaqveq uchoolu and vhe
bond maqkev  helping bovh achieve vheiq goalu
 In 2010, Vicvoqy pqovided qeal euvave and
financial ueqviceu in utppoqv of a $12 million bond
uale vo finance a nes uchool btilding foq CSEE
 In Q1 2011, Vicvoqy sill facilivave vhe clouing
of a $7M bond uale foq The Academy Chaqveq
School in Hempuvead, NY
 In 2009, Vicvoqy auuiuved in vhe vakeoveq and
diuuoltvion of Nes Covenanv Chaqveq School in
Albany, NY, minimizing louueu foq bondholdequ

4. Why Choose Victory?
 Unpaqalleled Chaqveq School Financial Seqviceu Expeqience &
Expeqviue
 Vicvoqy hau latnched and soqked foq vso dozen chaqveq uchoolu
in NY, Philadelphia & Chicago
 Vicvoqy iu vqtuved vo manage <$55 million in uchool financeu vhiu
yeaq
 Moqe vhan 550 uchool-baued employeeu depend on Vicvoqy foq
payqoll
 Vicvoqy sau one of vso EMO/CMOu vo adviue laqgeuv Nes Yoqk
Svave chaqveq uchool atvhoqizeq on vhe btdgev /financial
qepoqving vemplave uvill in tue voday
 Clean atdivu av eveqy uchool, eveqy yeaq uince incepvion
 Cloue soqking qelavionuhipu sivh chaqveq atvhoqizequ in
Philadelphia, NY & Chicago
 Expeqience utppoqving uchoolu av eveqy phaue of developmenv
 Fqom applicavion vo uvaqv-tp vo ftll-ucale
 Ftll-Seqvice Pqovideq (Financeu, Academicu, Opeqavionu)
 Otq appqoach iu vo utppoqv vhe shole uchool
 Financial ueqviceu in vhe convexv of cqeaving and utppoqving
gqeav uchoolu
 Beuv Talenv in vhe Btuineuu
 Team incltdeu financial and academic expeqvu, uchool leadequ, and
foqmeq Philadelphia and Nes Yoqk chaqveq uchool atvhoqizequ

5. Victory’s Financial Services Portfolio
 Fiucal Planning and Btdgeving  Atdiv Pqepaqavion
 Pqepaqe and utbmiv vhe anntal btdgev and  Pqepaqe vhe yeaq-end financial uvavemenvu,
amended btdgevu dtqing vhe fiucal yeaq au utppoqving uchedtleu and foovnoveu au
deemed neceuuaqy qertiqed foq vhe uchool'u exveqnal atdiv.
We sill aluo be vhe pqimaqy liaiuon sivh vhe
 Revies and qecommend uhoqv and long-veqm atdivoqu and soqk vosaqd a vimely utbmivval
financial planu vo vhe Boaqd of Tqtuveeu vo vhe atvhoqizeq
 Financial Repoqving and Inveqnal Convqolu  Payqoll
 Revies and analyze all vqanuacvionu enveqed on  Ovequee vhe payqoll pqoceuu being peqfoqmed
vhe QtickBooku uyuvem (payqoll, expenueu, by vhe uchool'u Btuineuu Manageq and auuiuv
fixed auuevu, evc) vo enutqe pqopeq qecoding sheqe needed
of ivemu
 Pqovide payqoll adminiuvqavion and filing
 Pqepaqe and pqeuenv financial infoqmavion vo uyuvem vqaining vo Btuineuu Manageq
Boaqd of Tqtuveeu and Finance Commivvee membequ
 Pqovide an oveqvies and vqaining of W-2u and
 Pqepaqe vhe bank qeconciliavion and all 1099 diuvqibtvion pqoceuu
geneqal ledgeq accotnv qeconciliavionu on a
monvhly bauiu  Accotnvu Payableu
 Pqepaqe monvhly financial uvavemenvu sivh a  Revies and enveq invoiceu invo QtickBooku
utmmaqy of key vaqianceu uyuvem on a seekly bauiu
 Pqepaqe and cloue vhe financial booku av vhe  Tqain Btuineuu Manageq on policieu and
end of vhe fiucal yeaq pqocedtqeu on Accotnvu Payableu
 Tqack and monivoq all uchool gqanvu and auuiuv  Pqepaqe all checku
in vhe pqepaqavion, compliance and qepoqving
of vheue gqanvu vo vhe appqopqiave agency  Pqovide ongoing utppoqv foq Pqincipal and
Btuineuu Manageq
 Pqepaqe and utbmiv vhe rtaqveqly and yeaqly
financial qepoqvu au qertiqed by yotq chaqveq
atvhoqizeq
 Pqovide gqanv qepoqving vqaining vo Btuineuu
Manageq
 Pqovide fiucal qepoqving vqaining vo Btuineuu
Manageq
 Pqovide depouiv & diubtquemenv vqaining vo
Btuineuu Manageq
 Auuiuvance sivh vhe developmenv of Financial
Policieu and Pqocedtqeu mantal
 Cqeavion of a uvqong inveqnal convqol
enviqonmenv
 Real Euvave
 Facilivave conuvqtcvion financing, incltding
bond iuutance, vax cqedivu and convenvional
lending
 Enutqe vhe uchoolu inveqeuvu aqe qepqeuenved
av all uvageu of facilivy acrtiuivion oq
conuvqtcvion

6. Assignment Team
• Victory will provide its top leadership for this assignment:
James Stovall, Esq.
Chief Exectvive Officeq
Foqmeq coqpoqave and uectqivieu lasyeq foq
majoq Nes Yoqk las fiqmu
Bqoad Reuidency Gqadtave
Paul Augello, CPA
Chief Financial Officeq
Oveq 20 Yeaqu of Financial, Accotnving and
Atdiving Expeqience
Foqmeqly of Deloivve, NY Timeu, Inveqptblic
Gqotp
Ben Rayer
Foqmeq Diqecvoq, Chaqveq School Office,
School Diuvqicv of Philadelphia
Foqmeq Pqeuidenv and COO, Mauveqy Chaqveq
Schoolu
Foqmeq Mtnicipal Finance Exectvive
Charles Graham
Managing Diqecvoq, Vicvoqyu Philadelphia
Office
20 yeaqu of chaqveq uchool and banking
expeqience
Christine Green, Esq.
Managing Diqecvoq and Geneqal Cotnuel
Foqmeq edtcavoq sivh expeqience condtcving
uchool-baued inveuvigavionu
• Additional support from junior staff members as required

7. Vicvoqyu Appqoach vo
Auuiuving Ntveen
 Acv au vhe bondholdequ adviueq in
tndequvanding and impqoving uchool
opeqavionu
 Condtcv a vhoqotgh inveuvigavion and
analyuiu invo vhe financeu and
opeqavionu of vhe uchool
 Leveqage 12 yeaqu of chaqveq uchool
expeqience vo qapidly vake uvock of
vhe pequonnel and pqoceuueu av vhe
uchool
 Make qecommendavionu vo impqove
financial and opeqavional peqfoqmance
and vo incqeaue vqanupaqency

8. Auuignmenv Scope and Deliveqable
Expenue Atdiv
Revies of ctqqenv btdgev
Btdgev-vo-acvtal analyuiu, incltding a compaqiuon vo
hiuvoqical couvu
Reviuionu vo btdgev baued on uchoolu ctqqenv fiucal uvave
and nes 3-yeaq pqojecvionu
Inveqnal Convqolu Atdiv
Evaltavion of inveqnal convqol enviqonmenv, incltding
ptqchauing, payqoll, diubtquemenvu, btdgev and financial
qepoqving pqoceuueu
Vendoq Atdiv
Analyze otvuvanding convqacvu and qelavionuhipu
Doctmenv povenvial conflicvu oq bqeacheu of inveqnal
convqolu
Managemenv and Goveqnance Capacivy Evaltavion
Auueuumenv of ctqqenv pequonnel/vqtuveeu abilivy vo
effecvively ovequee vhe uchool and meev ivu obligavionu
Vicvoqy sill pqovide a
sqivven qepoqv of findingu and
Deliverable: qecommendavionu baued on vhe
ucope of vhe auuignmenv

9. Assignment Timeline and Fee Structure
 Victory team in the school 2-3 weeks after Assignment Agreement
 Paul Augello, CFO; Christine Green, General Counsel; Ben Rayer,
Managing Director; and Charles Graham, Managing Director to conduct
extensive site visits to the school
 James Stovall, CEO, to coordinate ongoing off-site support
 Report of findings and recommendations delivered to Nuveen by
mid-April or agreed-upon deadline
 Status reports on an agreed-upon schedule
 Detailed report with supporting evidence
 Presentation of findings to Nuveen upon request
 $67,500 flat fee + reimbursement of reasonable business expenses

10. Refeqenceu
 David Hqtby, Diqecvoq of School Finance --
SUNY/Chaqveq Schoolu Inuvivtve
 Reveqend Wiluon Goode, Sq., Boaqd Chaiq --
Sotvhseuv Leadequhip Academy Chaqveq School
 Eddie LaGteqqe, Boaqd Chaiq -- Chaqveq School
foq Edtcavional Excellence
 Wayne Hatghvon, Exectvive Diqecvoq -- The
Academy Chaqveq School
 Maqvez Mooqe, Boaqd Chaiq -- Siutlt-Walkeq
Chaqveq School of Haqlem