Venturesome Capital- State Charter School Finance Systems

Base funding 95 2 federal funding other federal

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Unformatted text preview: ntaged expenditures includes bilingual and compensatory education. c Special education expenditures include intensive education and homebound. d Transportation expenditures also include special education transportation. e Research and analysis costs include information, data processing and statistical services. f Community service includes non-public school textbooks, student and adult continuing education. g Capital outlay has been extracted from many of the categories to create a separate expenditure. Appendix 173 Venturesome Capital: State Charter School Finance Systems South Carolina Base Funding: Charter schools receive funding in a manner similar to school districts. Authorized by local school boards, charter schools obtain funding based on the school district’s audited total general fund expenditures from the previous year updated for inflation. The expenditure calculation includes capital outlay and maintenance but excludes bonded indebtedness and debt service. Students in grades 1 to 3, high school, special education or compensatory education get weights to reflect higher educational costs. Base funding for charter schools is expressed in weighted pupil units of the school district. In the average school district, expenditures per weighted student are about one-third lower than the unweighted per-pupil expenditures (adding weights inflates the actual number of pupils). A charter school multiplies the school district’s weighted per-pupil expenditures by the charter’s own weighted student count to ascertain revenue. If a charter school’s student population matches the school district’s, per-pupil funding is identical to the school district. Charter schools with high-cost students get more funding. Grade Level Funding: Compared to grades 4 to 8, students in grades 1 to 3 or in high school generate about 25 percent more revenue for both school districts and charter schools. Special Education: Pupil weightings for specific disabilities increase the number of weighted pupil units. Students with learning disabilities, for example, generate 75 percent more funding in grades 4 to 8. Due to grade level weights, the extra funding is less in grades 1-3 and high school. A student may only be assigned to one weighting category; if a student is receiving services from two different classifications, the student is classified in the higher of the two weightings.20 Limited-English Proficiency: South Carolina provides no funding for bilingual education. 20 Figures in the following table reflect this convention. A student with learning disabilities gets a weight of 1.74, but the additional funding is only 74 percent. 174 Appendix South Carolina Categorical Programs: Charter schools receive categorical funding for eligible students enrolled. Funding is available for many programs including academic assistance, gifted and talented, and school improvement/innovation. The charter school’s share of funding is negotiated between the school district and the charter school. Transportation: The state directly provid...
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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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