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Unformatted text preview: assumption that children with disabilities are uniformly
distributed among districts, funding is based on total enrollment rather than on the
district’s special education population. Charter schools must negotiate for funding with
either their authorizing district or the Special Education Local Planning Area (SELPA).
District special education funding formulas call for a fixed contribution of approximately 6
percent from the district’s general purpose aid.
Limited-English Proficiency: Accounted for as a categorical program.
Low-Income Students: Accounted for as a categorical program based on student eligibility for free- and reduced-price lunch.
State Desegregation Funding: Charter schools can receive funding if the charter school agrees to participate in the state plan. The Edison Schools, Inc. charter school in San
Francisco received approximately $680 per pupil in 1998-99 for this program.
Transportation: Transportation plans are detailed in the charter. The California Department of Education ruled that charter school students are entitled to state categorical aid for
transportation, which averages about $40 per student (not per user).
State Start-Up Assistance: A small revolving loan fund with $5.5 million offers $50,000 loans with a two-year repayment schedule.
Capital Outlay and Facilities Assistance: None.
Timing of Payments: Apportionment to charter schools is on the same schedule as apportionment to district schools.
Facility Ownership: Since the charter school is a part of the district, a facility owned by a charter school still belongs to the district. The charter needs to spell out responsibility for Appendix 107 Venturesome Capital: State Charter School Finance Systems maintenance and insurance on the facility, as well as any other financial arrangements
regarding facilities that may arise. In the case of start-up schools, charter schools are able
to purchase property.
Uniform Financial Reporting: None.
Auditing Practice: The charter specifies whether the charter school is part of the school district audit or has its own audit conducted by an independent auditor in accordance with
Generally Accepted Auditing Standards. The charter school component of a school district
audit could be as simple as one line titled, “payment to charter school,” or it could treat
charter schools like other district schools.
Teacher Retirement: Teachers are eligible to participate in the state retirement system. Charter school teachers, not the governing board of the charter school, choose whether to
participate, and most charter schools do.
Administrative Fees: School districts, county departments of education or the state board of education (all chartering agencies) may charge for the actual costs of supervisory oversight
of a charter school, not to exceed 1 percent of the revenue of the charter school. If the
charter school is receiving rent-free facilities from the chartering agency, then the
chartering agency can charge 3 percent of the charter school revenue for supervisory
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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.
- Spring '09