Venturesome Capital- State Charter School Finance Systems

If the charter school chooses another retirement

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Unformatted text preview: of the state retirement system. If the charter school chooses another retirement system, a memorandum of understanding must be executed. All charter schools in 1998-99 participated in the state retirement system. 118 Appendix Delaware Basic Elementary Charter School FTE $/Member Total FTE enrollment Basic 1 - 3 Basic 4 - 6 Basic 7 - 12 EMH students SED students LD students Total FTE Middle Cost K-12 Charter School FTE $/Member Urban At-Risk Upper Grade FTE $/Member 0 60 40 0 0 0 100 Delaware 27 27 37 3 3 3 100 20 21 41 6 6 6 100 a 1. Base funding State average teachers Charter average teachers Entry-level teachers 2. Special education c c $ 8,844 $ 8,635 $ 8,191 $ - $ 8,992 $ 8,777 $ 9,277 $ 9,048 $ 8,317 $ - $ 8,558 $ - b $ - $ - $ - d $ - $ - $ - 5. Transportation 6. Federal funding Title I Special education Bilingual and immigrant Other federal programs $ 215 $ 215 $ 215 $ $ $ $ 64 $ $ $ $ 161 52 6 64 $ $ $ $ 302 104 12 64 3. Low-income 4. Other state categorical e a Total revenue State average teachers Charter average teachers Entry-level teachers $ 9,123 $ 8,914 $ 8,470 $ 9,490 $ 9,275 $ 8,815 $ 9,974 $ 9,745 $ 9,255 ASSUMPTIONS: Basic elementary charter school has no at-risk or special needs pupils. Middle cost K-12 school has the same student characteristics as the average Delaware district. At-risk upper grade charter school has twice the concentration of special education and at-risk students as the Delaware average. All hypothetical charter schools are located in an average wealth and tax effort school district. a “State average” funds charter schools as if their staff had state average characteristics regarding experience and credentialling. “Charter average” reflects the lower experience and credential levels of current charter schools. “Entry-level” reflects funding for a school staffed entirely by entry-level personnel. b Represents a K-12 district with state average expenditures (80 percent of districts spend between $8,636 to $9,278), excluding special education and other categorical programs. c incorporated into base funding calculation. d Amounts total to less than $50. e Assume that 33 students are transported at a cost of $650 per pupil (see text). Appendix 119 Venturesome Capital: State Charter School Finance Systems District of Columbia Base Funding and Grade Level Weights: Both the school district and a newly created public charter school board authorize charter schools. In concept, D.C. charter schools receive the average basic cost per pupil, adjusted for grade level. They also get their share of money for special needs pupils. As operationalized in 1998-99, charter schools receive a base funding per pupil of $5,500 in grades 6-8. In grades K-5, students get 5 percent more, and in high school, students are weighted 20 percent more, or $6,600. Charter schools with prekindergarten or preschool programs get 16 percent extra, and summer school programs could add another 10 percent. A majority of charter school funding came from “new money” in 1998-99, rather than diverting funds from other public schools. Loc...
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