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Unformatted text preview: oney, which is a component of Basic Skills Revenue.
To qualify, charter schools have to meet reporting requirements for basic skills
expenditures. The basic revenue is $3,530 multiplied by a concentration percentage, which
is then multiplied by the number of students qualifying for free or reducedprice lunch.
Finally this amount is multiplied by .6.17 There also is a basic skills match of up to $22.50
in state aid per student.
Categorical Funding: Charter schools are eligible to receive other aids, grants and revenue as though it were a school district. These include: Secondary Vocational Students with
Disabilities revenue, Secondary Vocational revenue, Teacher Education Improvement
grants, Teacher Mentorship grants, First Grade Preparedness (fullday kindergarten),
15 “Additional” cost is determined by subtracting the regular classroom cost of a student from the special
education contract for the fraction of the school day that the student receives services.
16
The middle cost charter school in the following table is assumed to get $47 per pupil for material. The
school also gets onehalf of 68 percent of the estimated $30,000 salary of one FTE teacher (.5 x .68 x
$30,000) or $10,200. This is $3,447 per LEP pupil. In addition there is concentration revenue. The
concentration percentage of 3 (which is 100 x LEP/ADM) is divided by the constant 11.5 for a quotient of
.261. This quotient is multiplied by the number of LEP students and the concentration revenue amount ($149
in 199899) yielding $117 dollars or $38.89 per LEP child. Since the atrisk school with six LEP students
will have the same amount of staff as one with three LEP students, perpupil funding drops. The $10,200 for
staff equals only $1,700 per LEP pupil. Funding for materials adds $1,747 per pupil. There is slightly more
concentration funding, however (6/11.5 x 6 x 149), coming to $467 in total concentration revenue, or $78 per
pupil. Total additional funding is $1,825 per LEP pupil.
17
In the middle cost charter school in the following table, 26 students qualify for compensatory education (19
for free lunch and 7 for reducedprice lunch). The concentration percentage is 22.5 (100 percent of free
lunch, plus 50 percent reduced lunch, divided by school enrollment and multiplied by 100). The pupil
weighting factor is the concentration percentage divided by 80, or .281. This weighting is multiplied by the
pupil count (22.5) and .6 for a total of 3.7969. This amount is then multiplied by $3,530. Total compensatory
education funding is $13,403, or $513 for each of the 26 compensatory education students. Since
compensatory education is based on a concentration formula, the perpupil funding will be higher for a
disadvantaged school. The concentration percentage for the atrisk charter school in the following table is
.45. The pupil weighting factor is .5625. This amount is multiplied by the pupil count (45) and .6 for a total
of 15.1875, which is then multiplied by $3,530. Total compensatory education funding is $53,6...
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 Spring '09
 SMITH
 Economics

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