Venturesome Capital- State Charter School Finance Systems

This factor ranged from 1004 to 1630 for the 1997 98

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Unformatted text preview: ng Factor: The cost-of-living factor reflects the differences in the costs of goods and services among each of the 176 school districts in Colorado. This factor ranged from 1.004 to 1.630 for the 1997-98 budget year. Personnel Costs Factor: The personnel costs factor is based on enrollment and is used to adjust for cost differentials in employee salaries. This factor ranged from 79.9 percent to 90.5 percent in budget year 1997-98. Non-Personnel Costs Factor: The non-personnel costs factor accounts for expenditure differentials other than personnel. Size Factor: This factor provides more funds for both larger districts and smaller districts to adjust for the high cost of urban education or the diseconomies of small scale. 110 Appendix Colorado At-Risk Funding: Colorado uses participation in the federal free lunch program as the measure of an at-risk population. For each at-risk pupil, a district receives funding equal to at least 11.5 percent but no more than 30 percent of its total per-pupil funding. A district receives funding for the greater of (1) each pupil eligible for the federal free lunch program; or (2) a calculated number of pupils based on the number of grade 1-8 pupils eligible for the federal free lunch program as a percentage of the total population. The atrisk adjustment is automatically included in the per-pupil funding calculation for charter schools. Charter schools serving large numbers of at-risk students do not automatically get better funding, although these schools may negotiate a higher funding rate with the school district. Special Education: Charter schools negotiate with school districts for special education funding or the in-kind provision of special education services. A school district is entitled to a base amount of state funding for special education equal to the amount of state funding received the preceding budget year. Once the base amount is determined for all districts, remaining state monies are distributed to districts servicing more special education students than the preceding budget year. State funding is insufficient, so most special education services are financed by general operating revenues. Bilingual Education: Charter schools negotiate with districts for bilingual education funding, which is about 20 percent of the state average per-pupil operating costs for each bilingual student. Transportation: Like school districts, charter schools are not required to provide transportation to students. State transportation for school districts is funded at a rate in cents per mile, plus 34 percent of the amount by which the costs exceed the mileage reimbursement. General operating revenues finance most transportation costs. Charter schools can negotiate for services or funds, and can use funds to reimburse parents for carpool costs. Capital Outlay and Facilities Assistance: School districts are required to budget at least $216 per pupil (1997-98 budget year) out of their equalized formula funding for capital outlay, in...
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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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