Venturesome Capital- State Charter School Finance Systems

In the new jersey middle cost k 12 charter school for

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Unformatted text preview: Systems Subsequent sections of each state table provide information on base funding and categorical funding expressed as dollar amounts per FTE pupil ($/Member) − including states with a pupil weighting system of funding − averaged across the entire membership rather than pupils served in specific programs. In the New Jersey middle cost K-12 charter school, for example, four Tier II special education students each generate $3,024 in state categorical aid for combined additional funding of $12,100. Averaged over the entire membership of 100 students, the additional funding is $121 per member. Table entries are always expressed in “per member” amounts. Federal funding includes the average dollar per member that each school’s population should generate for Title 1, limited English proficient, and special education students as explained fully in the methodology section of the report. Start-up funds and food service revenue are not included. Capital funding is a table entry, but not a component of “total revenue.” 98 Appendix Alaska Alaska Base Funding: Authorized by school districts, charter schools are entitled to 100 percent of state operations funding based on average per-pupil revenue. School districts, however, can charge for indirect or administrative costs approved by the state for an amount up to 22 percent of funding. Charter schools are classified as either alternative schools or independent schools. Alternative schools enroll fewer than 200 students and are considered a part of the district school with the largest average daily membership (ADM). Independent schools enroll more than 200 students and exist as their own entity. As a result, independent charter schools benefit from increased funding weights associated with school size. Adjustments for School Size and Cost Differentials: An area cost differential accounts for regional cost-of-living differences. The index averages 1.27 with Anchorage’s index at 1.00. A school size factor allows more funding for smaller schools to account for higher costs in low populated areas. Independent charter schools (more than 200 students) benefit from greater funding due to the adjustment for size. The very small dependent schools benefit from the size adjustment only to the extent that the district school with which it is associated belongs to generates small school funding. The state department of education specifically designed this incentive to encourage charter schools to reach a certain efficiency level. Categorical Funds Including Special Education and Bilingual Education: Categorical funds are folded into a single block grant under the umbrella of “special needs.” Charter schools are eligible for these funds if they provide required services for special needs students. ADM adjusted for size and cost differential is multiplied by the special needs factor of 1.20. Funding is the same no matter how many students are served or how many programs are provided. This 20 percent funding includes dollars for vocational education, special education (except intensive...
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