Venturesome Capital- State Charter School Finance Systems

These standards have been adapted for charter schools

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: ADA calculations Basic K-12 Limited-English proficiency Special education weight 1 Special education weight 2 Special education weight 3 Mainstream allotment Compensatory education Career and technology Gifted Total weighted FTE a Middle Cost K-12 Charter School FTE WFTE 1.00 0.10 0.16 100 0 0 100.0 0.0 0.0 100 12 4 100.0 1.2 0.6 100 24 8 100.0 2.4 1.3 0.95 1.20 1.10 0.20 0.67 0.12 0 0 0 0 0 0 0.0 0.0 0.0 0.0 0.0 0.0 100.0 95% 4 1 3 48 5 8 3.8 1.2 3.3 9.6 3.4 1.0 124.1 95% 8 2 6 85 10 0 7.6 2.4 6.6 17.0 6.7 0.0 144.0 80% b Attendance rate Total weighted ADA 95.0 c 1. Foundation allowance d Urban At-Risk Upper Grade FTE WFTE $ 4,119 $ 4,336 117.9 $ 5,111 $ 4,336 115.2 $ 4,607 $ - $ - $ - 3. Categorical funding 4. Federal funding Title I Bilingual and immigrant Special education Other federal programs $ 30 $ 30 $ 30 $ $ $ $ 42 $ $ $ $ 155 6 45 42 $ $ $ $ 310 12 90 42 Total revenue $ 4,191 $ 3,999 2. Transportation e $ 5,389 $ 5,091 ASSUMPTIONS: Each school has 100 students. Basic elementary charter school has no pupils generating program cost weightings. Middle cost K-12 charter school has the same student population as the average Texas district. At-risk upper grade charter school has twice the concentration of special needs students and the fiscal characteristics of Houston. a Special education weighting in table combines several categories that have the same weight. Funding in Texas is based on weighted average daily attendance. Attendance is assumed to be 95 percent at the basic and middle cost schools and 80 percent at the at-risk upper grade school. c Basic and middle cost school are in a typical district like Pottsboro ($4,336). In Texas, 80 percent of districts have a foundation allowance between $3,922 (Hale) and $5,389 (Westhoff). d Transportation costs averaging about $214 per pupil (4 percent of middle cost charter school) are included in the foundation allowance. e Includes only the technology allotment. b 180 Appendix Wisconsin Wisconsin Wisconsin has two charter school laws. The older law applies to the entire state. Only school districts are allowed to authorize charter schools, which are funded in about the same way as other district schools. Applying only to Milwaukee, the newest law allows the city, universities or technical colleges to authorize charter schools, and guarantees funding based on a specific definition of average expenditures called “shared costs.” (Milwaukee is treated separately after describing the state charter school funding system). School-District Sponsored Charter Schools Base Funding: Charter schools sponsored by local school boards are funded the same way as other district schools. In 1997-98, most of the 18 schools in operation were public school conversions. The budgets for these charter schools are a part of school district budgets, and districts usually provide in-kind services such as central administration, transportation and food service. In combination with local property taxes, school districts receive state aid based on an equal...
View Full Document

This note was uploaded on 02/11/2013 for the course ECON 101 taught by Professor Smith during the Spring '09 term at Harvard.

Ask a homework question - tutors are online