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Unformatted text preview: s: The weighting system incorporates federal funding for special education and bilingual education. Charter schools get Title I funding from the D.C. public schools as if
they were traditional public schools. For competitive federal grants, charter schools are
treated like independent school districts.
Timing of Payments: Charter schools receive 75 percent of funding in October (the beginning of the federal fiscal year) based on initial enrollment. The other 25 percent is paid in the
spring based on subsequent enrollment counts. Funding can decrease in the spring, but not
increase. New schools can get a loan based on projections of the first payment.
Mandated Administrative Fees: Charter schools are required to pay for any mandated district-wide assessments. Both the D.C. school board and the public charter school board
charge an administrative fee of 0.5 percent.
Uniform Financial Reporting: Required.
Auditing Practice: The school must undergo an independent financial audit using government auditing standards. Appendix 121 Venturesome Capital: State Charter School Finance Systems Responsibility for Debt and Ownership of Assets: As a nonprofit corporation, charter school governing boards own assets and are responsible for debt. The chartering authorities
monitor the disposition of assets in the event of school closure.
Teacher Retirement: Only teachers who taught in other D.C. public schools are eligible to continue participation in the teacher retirement system. Otherwise, charter schools are not
involved in the main D.C. public employee retirement systems. Dist. of Columbia
Weighted FTE calculations
Special education level 1
Special education level 2
Special education level 3
Special education level 4
Total weighted FTE 2. Transportation Basic Elementary
0.40 Middle Cost K-12
WFTE Urban At-Risk
130.8 $ 5,775
- 1. Local funding
3. Summer school Cost
Weight $ 5,500 $ 6,549
- $ 5,500 $ 7,192
- $ 5,500 $
c 4. Other state categorical
5. Federal funding
Special education Other federal programs
Bilingual and immigrant - $ - $ - $ - $ - $ - $
$ - $ 268 $ $
- $ d 335
d 134 $ d 134
d Total revenue $ 5,909 $ 6,951 $ 7,661 Facilities allowance $ $ $ Total revenue with facilities
allowance $ 6,526 617 617 $ 7,568 617 $ 8,278 ASSUMPTIONS: Each school has 100 students. Basic elementary charter school has no pupils generating
program cost weightings. Middle cost K-12 charter school has the same student population as the average
D.C. public school. At-risk upper grade charter school has twice the concentration of students at each special
education level as the D.C. average, and all students qualify for federal Title I funding.
a About 95 percent of...
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- Spring '09