This preview shows page 1. Sign up to view the full content.
Unformatted text preview: approved by the legislature as part of the state’s capital improvement
appropriations bill. In 1993-94, capital spending averaged about $500 per student
State Start-Up Assistance: None.
Uniform Financial Reporting and Auditing Practice: Same system as other public schools.
Responsibility for Debt: No debt allowed. Even the board of education cannot hold debt.
Ownership of Assets: Facilities and assets belong to the state of Hawaii as do school facilities for regular schools.
Unexpended Funds: All unexpended funds revert to the central budget at the conclusion of the fiscal year.
Teacher Retirement: Same employee retirement systems as all public school employees. Appendix 131 Venturesome Capital: State Charter School Finance Systems Basic Elementary
FTE $/Member Hawaii
Summary of total spending
Special funds a
b $ 2,733
49 Urban At-Risk
FTE $/Member 100
2 Middle Cost
FTE $/Member 0
11 $ 3,213
28 $ 3,793
$ 183 $ 260 $ 260 $ 260 $ - $ - $ - Federal funding
Other federal programs
Bilingual and immigrant $
12 Total revenue $ 3,073 Central administration
c Transportation d $ 3,692 $ 4,561 ASSUMPTIONS: Each school has 100 students. Data are reflective of 1997-98 school year. Basic elementary
charter school (modeled after Waialae charter school) enrolls few special education students and does not
qualify for Title I funding. Middle charter school (modeled after Lanikai charter school) is an elementary school
with a special education population matching the Hawaiian average and gets Title I funding. At-risk upper
grade charter school (modeled after a regular high school in Honolulu) has a high special education
population and is assumed to receive twice the state average Title I allocation.
a Excludes restricted federal and state categorical funds.
Estimated central administration costs per pupil in the state.
Approximately 95 percent of Hawaiian students do not receive transportation services.
Based on methodology applied to all other states. Current charter schools do not have Title I programs and
do not get federal funding in the amounts listed in the table.
b 132 Appendix Illinois Illinois
In 1997-98, six of the seven operating charter schools were located in Chicago. While
funding generally flows through local school districts, new legislation in 1998 allows
rejected applicants to appeal to the state board of education, and if approved by the state
board, funding is deducted from state aid payments to the host school districts.
Base Funding: School districts pay charter schools 75 percent to 125 percent of the school district’s “per-capita tuition.” The specific amount within that range is specified in the
contract.6 Per-capita tuition, a very specific calculation uniquely derived from each school
district’s annual financial report, represents the cost of education for a regular studen...
View Full Document
This note was uploaded on 02/11/2013 for the course ECON 101 taught by Professor Smith during the Spring '09 term at Harvard.
- Spring '09