Venturesome Capital- State Charter School Finance Systems

Categorical aid two small categorical programs which

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: in which a charter school operates must provide transportation for pupils who qualify for free meals under the national school lunch act and who live at least 2.5 miles from the school. State transportation aid is part of the equalization formula described above. Capital Outlay and Facilities Financing: Charter schools are generally housed in existing public school facilities. State Start-Up Assistance: None. Uniform Financial Reporting: Part of school district financial reporting, so it is not possible to separate charter schools from spending by other schools in the district. Auditing Practice: Charter specifies manner in which annual financial audits will be conducted. At a minimum, charter schools are a component of the school district independent financial audit, which may or may not separately report the financial results of a charter school. Ownership of Assets and Responsibility for Debt: No debt allowed because school districts are not allowed to incur debt except for repayment of bonds. School district owns all assets. Teacher Retirement: All employees who are participating in the operation of a charter school and who qualify for membership in the Kansas public employees retirement system remain members of the system. Currently, all Kansas charter schools participate. However, if a charter school is deemed not to be an instrumentality of the government—perhaps through a private management contract—participation may not be mandatory. 138 Appendix Kansas Cost Basic Elementary Charter School Factor (Weight) FTE WFTE Kansas Middle Cost K-12 Charter School FTE WFTE Urban At-Risk Upper Grade FTE WFTE Weighted FTE calculations Basic K-12 Transportation 1.00 a 1. Base state and local funding 100 35 100.0 5.8 100 0 100.0 0.0 na 15.0 na 15.0 na 5.4 0.20 0.08 0.50 0.25 Bilingual At-risk Vocational New facilities Total weighted FTE 100.0 5.8 b Low-enrollment 100 35 0 0 0 0 0.0 0.0 0.0 0.0 120.8 3 32 4 0 0.6 2.6 2.0 0.0 126.0 6 64 8 0 1.2 5.1 4.0 0.0 115.7 $ 4,686 $ 3,720 $ 4,305 $ 4,494 e $ 3,720 c $ - $ 281 $ 517 3. Other state categorical 4. Federal funding Title I Special education Bilingual and immigrant Other federal programs $ 8 $ 8 $ 8 $ $ $ $ 54 $ $ $ $ 113 46 3 54 $ $ $ $ 226 92 6 54 Total revenue $ 4,556 $ 3,720 d 2. Special education categorical f $ 5,191 $ 5,207 ASSUMPTIONS: Each school has 100 students. Basic elementary charter school has no pupils generating weightings except for low enrollment and transportation. Middle cost K-12 charter school has the same student population as the average Kansas public school. At-risk upper grade charter school has twice the concentration of at-risk, bilingual and vocational students as the Kansas average and is located in Wichita. a Based on $618 per student transported. Represents the weight for a 1,200 student district except the urban district, which has the minimum weight. c Represents basic elementary charter school in average district. Lowest spending district with a charter school averages $4,100 per unweighted pupil. d Represents at-risk school in Wichita. Highest spending district with a charter sc...
View Full Document

Ask a homework question - tutors are online