Venturesome Capital- State Charter School Finance Systems

Basic elementary charter school enrolls 44 at risk

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Unformatted text preview: l education and at-risk students as the Louisiana average and the same average revenue as Orleans Parish. a The weighted FTE calculation shows how Louisiana charter schools generate revenue for a school district. However, average school district revenue per FTE is the basis for funding charter schools, not the pupil weighting system. b All special education students are weighted the same. c Applies only to a few parishes with fewer than 5,000 students. d Based on estimated average school district expenditures for 1998-99. The lowest expenditure for a school district is about $3,840 in Acadia Parish and the highest is $5,600 in Cameron Parish. e Funding is incorporated into average cost based on characteristics of the school district. Funding for grade level cost differences, special education, at-risk programs, transportation and other programs is effectively equivalent to the school district average no matter what special needs students enroll in charter schools. Appendix 143 Venturesome Capital: State Charter School Finance Systems Massachusetts There are two types of charter schools in Massachusetts. Chartered by the state board of education, the independent “commonwealth” charter schools receive “tuition” based on average school district spending that follows pupils from their district of residence. “Horace Mann” charter schools chartered by the state but must be approved by a local school committee, the local teacher’s union president and the state board of education. Horace Mann charter schools are exempt from state rules and regulations to the same extent as commonwealth charter schools. Horace Mann charter schools may also be exempt from local collective bargaining agreements, provided that employees of the charter school remain members of the collective bargaining unit, continue to accrue seniority and receive, at a minimum, the salary and benefits established by the local collective bargaining agreement. Commonwealth Charter Schools Base Funding: Charter schools get “tuition” for enrollees that is uniquely calculated for each “sending” school district (i.e., the school district in which the student resides). Some charter schools enroll students from as many as 20 school districts. For students residing in school districts above the foundation budget (high-spending ones), the tuition is the lower of the sending district’s tuition or the tuition of the district in which the charter school is physically located. Although the legislation simply calls for charter schools to get the average cost per student, administrative rules carefully define costs included in the tuition calculation. Excluded costs are ones charter schools do not normally incur. Based on school district budgets included in the year-end annual financial report, the following types of costs are excluded: (1) transportation, (2) community service and adult education, (3) long-term debt service for construction financed by the State Building Assistance Bureau, (4) most programs with other school districts and private schools, (5) special education costs involving private sch...
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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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