Venturesome Capital- State Charter School Finance Systems

130 appendix hawaii capital outlay and facilities

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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 (Thompson, 1995). 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 Charter School FTE $/Member Hawaii FTE enrollment Grades K-5 Grades 9-12 Special education Summary of total spending General Special funds a b $ 2,733 $ 49 Urban At-Risk Upper Grade FTE $/Member 100 0 8 100 0 2 Middle Cost Charter School FTE $/Member 0 100 11 $ 3,213 $ 28 $ 3,793 $ 183 $ 260 $ 260 $ 260 $ - $ - $ - Federal funding Title 1 Special education Other federal programs Bilingual and immigrant $ $ $ $ 32 - $ $ $ $ 96 32 57 6 $ $ $ $ 192 64 57 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. c Approximately 95 percent of Hawaiian students do not receive transportation services. d 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...
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This note was uploaded on 02/11/2013 for the course ECON 101 taught by Professor Smith during the Spring '09 term at Harvard.

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