The following definitions apply to this chapter unless otherwise defined in Chapter 3302. of the Revised Code:
(A) "Local Report Card (LRC)" means the physical or digital report on the performance of each school district and building that is released after each school year. The local report card contains the performance measures outlined in this chapter. Beginning with the local report card released for the 2014-2015 school year, the local report card will include graded components and an overall grade for the school district or building.
(B) "Performance measure" means an individual metric used to evaluate a specific aspect of the performance of school district or building. Performance measures may be graded or reported on the local report card without a grade.
(C) "Component" refers to a grouping of performance measures that evaluate a similar aspect of the performance of school district or building. A component may contain one or more performance measures. School districts and buildings will receive grades for components beginning with the local report card released for the 2014-2015 school year.
(D) "Overall grade" means the overall performance of a school district or building on the local report card. The overall grade is a combination of component grades. School districts and buildings will receive an overall grade beginning with the local report card released for the 2014-2015 school year.
(E) "Performance Benchmark" defines the levels at which each measure is assigned a letter grade. These performance benchmarks may include percentages or other statistical measures.