Venturesome Capital- State Charter School Finance Systems

Venturesome Capital State Charter School Finance Systems

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Unformatted text preview: ols that are instrumentalities of a school district are required to participate. Charter schools that are independent of a school district are prohibited from involvement. It is expected that many Milwaukee charter schools will be run by private contractors and will not be allowed to participate in the state teacher retirement system. Milwaukee Total FTE enrollment Basic Elementary Charter School FTE $/Member 100 a 1. Shared costs 2. Special education aid Middle Cost K-12 Charter School FTE $/Member 100 $ 6,053 0 $ - 100 $ 6,053 13 $ 370 3. State transportation aid $ - $ 24 4. State categorical aid At-risk $ - $ 23 $ - Low income (Pre K - 5) Limited-English proficiency 0 78 43 $ - $ 16 $ 16 5. Federal funding Title I Special education $ $ - $ $ 300 51 $ 63 $ 63 Other federal programs $ 6,132 5 $ School library aid Total revenue 0 Urban At-Risk Upper Grade FTE $/Member $ 22 $ 6,965 $ 6,053 b 26 b $ 740 $ b 24 $ 46 b 0 $ - b 10 $ 44 $ 16 $ $ 375 102 $ 63 b $ 7,463 ASSUMPTIONS: Financial figures represent 1997-98 school year. Basic elementary charter school enrolls only elementary students who are not at risk and have no special needs. Middle cost K-12 charter school has the same student population characteristics as the average Milwaukee school. At-risk upper grade charter school has twice the concentration of special education and at-risk students as the Milwaukee average. a Approximately $555 of shared cost is devoted to special education, and $176 is devoted to transportation per pupil enrolled, not for each student receiving services. b Categorical aids are 1997-98 Milwaukee averages per pupil enrolled, not for each student receiving services. Appendix 185...
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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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