Venturesome Capital- State Charter School Finance Systems

Independent financial audit required ownership of and

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Unformatted text preview: Central office administration Non-instructional support School building administration Instructional support Vocational education Teacher assistants Staff development $ 1,853 $ 97 $ 192 $ 211 $ 210 $ 204 $ 248 $ 5 $ 1,853 $ 97 $ 192 $ 211 $ 210 $ 204 $ 248 $ 5 $ 1,796 $ 34 $ 192 $ 166 $ 232 $ 184 $ 259 $ 3 $ 4 $ 31 $ 144 $ 41 $ 7 $ 95 $ 47 $ 16 $ 82 $ 1,000 $ 4 $ 31 $ 144 $ 41 $ 7 $ 95 $ 47 $ 16 $ 82 $ 1,000 $ $ 31 $ 174 $ 41 $ 1 $ 93 $ 47 $ 16 $ 83 $ 1,700 2. Special education 3. Federal funding Title I Bilingual and immigrant Special education Other federal programs $ 4,487 $ - $ 4,487 $ 282 $ 5,052 $ 563 $ $ $ $ $ $ $ $ $ $ $ $ Total revenue $ 4,538 Low-wealth supplement Gifted program Transportation Classroom materials Regional technical assistance At-risk funding Textbooks School technology Other state funding Local revenue b 1. Base funding per FTE c 51 106 47 51 $ 4,973 212 94 51 $ 5,972 ASSUMPTIONS: Basic elementary charter school is funded though a school district with state average spending and no special needs students. Middle cost K-12 charter school is funded through a school district with state average spending and pupil characteristics. Urban at-risk upper grade charter school is funded through an urban school district and has twice the state average concentration of special needs students. a The average state appropriated funds per pupil is $3,457 for 1998-99, and ranges between $3,000 and $5,500 depending on the size and wealth of the district. b Local funds vary from $400 to $1,800, which averages about $1,000 per child. c The average special education revenue is $2,346. Charter schools receive the average revenue per special education student from sending school districts regardless of student disability. Middle cost K-12 school is assumed to enroll 12 special education students, and the at-risk school is assumed to enroll 24 special education students. Appendix 167 Venturesome Capital: State Charter School Finance Systems Pennsylvania Base Funding: Charter school revenue is based on the expenditure of the districts in which its students reside. Charter schools receive the amount the district would spend on each student minus the average per-student expenditure for special education programs, nonpublic school programs, adult education programs, community/junior college programs, and transportation. Also excluded are expenditures for facilities acquisition, construction and improvement debt service and payments to charter schools. Base payments to charter schools apparently include non-special education payments to other charter schools (since these are recorded in the instructional program lines), as well as expenditures on nonpublic school programs.18 The school district performs this calculation, which the state then audits. Grade Level Funding: None. Funding Based on School District Characteristics: Despite an equalization aid formula, Pennsylvania is a state with substantial spending inequities based on property wealth and tax effort. Hi...
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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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