Venturesome Capital- State Charter School Finance Systems

Teacher retirement all charter schools participate in

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Unformatted text preview: from a closed charter school are currently unresolved, but because charter schools are entities of the schools district, districts are probably responsible. Teacher Retirement: All charter schools participate in public employee retirement systems. 112 Appendix Colorado Basic Elementary Charter School FTE $/Member Colorado Total FTE enrollment Per pupil funding calculation FY98 base funding Cost-of-living factor Personnel costs factor Non-personnel costs factor Size factor Per pupil funding (PPF) Middle Cost K-12 Charter School FTE $/Member 100 a 0 At-risk funding (ARF) b Urban At-Risk Upper Grade FTE $/Member 100 $ 3,667 1.124 0.865 0.135 1.051 $ 4,268 $ - 28 100 $ 3,667 1.194 0.905 0.095 1.032 $ 4,450 $ 142 56 $ 3,667 1.236 0.9050 0.0950 1.0342 $ 4,462 $ 284 Per pupil operating revenue (PPOR)= [PPF+ ARF]-216 $ 4,052 $ 4,375 $ 4,530 c 90% 100% 120% Percent of PPOR negotiated 1. Categorical funds d Transportation payments Bilingual education Special education Gifted/talented e $ $ - $ 55 - $ $ $ 4 106 7 $ $ $ 8 212 7 $ $ - $ $ 98 40 $ $ 96 80 $ 0 0 - $ $ $ - $ 7 $ 14 10 7 20 7 d 2. Federal funding Title I Special education Bilingual and immigrant 1. Total negotiated revenue 100 $ 3,647 100 $ 4,375 100 $ 5,436 ASSUMPTIONS: Basic elementary charter school receives 90 percent of PPOR, and its students generate no state or federal categorical funding for the school district. Data are reflective of Moffat school district. Middle cost K-12 charter school receives 100 percent of PPOR, and its students generate the average state and federal categorical aid for the school district. Data are reflective of El Paso school district. At-risk upper grade charter school receives 120 percent of PPOR and has twice the state average in state and federal categorical funding. Data are reflective of Denver. a At-risk funding expressed as the average amount per pupil, not per at-risk student. $216 per student is earmarked for capital reserves and insurance. Beginning in 1999-2000, charter schools will receive this amount automatically. c District and charter school negotiate the percent of PPOR to account for in-kind provision of services. Beginning in 1999-2000, minimum funding is set at 95 percent. d Categoricals are state per pupil averages in 1997-98. Few Colorado charter schools directly received state categorical aid or federal aid. Categorical and federal aid are reflected either in the negotiated adjustment of the percentage of PPOR, or is received “in-kind” through district provision of the service. e Some districts provide transportation at no charge to charter schools. b Appendix 113 Venturesome Capital: State Charter School Finance Systems Connecticut Base Funding: Funding depends on whether charter schools are authorized by a school district or the state board of education. Of the 12 original charter schools, only two were authorized by school districts. Local district charter school. Charter school students are counted in the school district’s enrollment. All payments to the charter school are negotia...
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