Venturesome Capital- State Charter School Finance Systems

Transportation state law requires districts to

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Unformatted text preview: talities of a school district are required to participate. Charter schools that are independent of a school district are prohibited from participation. The general view is that independent charter schools do not employ public employees, and federal pension guidelines prohibit inclusion of private employees. All but one school outside of Milwaukee are instrumentalities of a school district. 23 The estimates of per-pupil expenditures provided in the Legislative Audit Bureau Report (1998) are not an accurate representation of what it costs to run a charter school. The estimates did not include indirect costs incurred by charter schools or school districts, and in some cases only accounted for a portion of the year’s expenditures. 182 Appendix Wisconsin Wisconsin Total FTE enrollment Basic Elementary Charter School FTE $/Member 100 a 1. Shared costs 2. Special education aid 100 $ 6,300 0 0 $ - $ 3. State transportation aid 4. State categorical aid At-risk Middle Cost K-12 Charter School FTE $/Member - 100 $ 6,300 20 $ 13 $ 320 $ 26 20 $ 4 Low income (pre K - 5) 0 $ - 26 Limited-English proficient 0 $ - 2 $ 10 $ 16 $ 17 5. Federal funding Title I Special education Other federal programs $ $ $ 63 $ $ $ 147 51 64 Total revenue $ 6,399 School library aid Urban At-Risk Upper Grade FTE $/Member $ 8 $ 6,941 $ 6,053 b 26 b 740 $ b $ 24 46 52 $ b 0 $ - b 10 $ 44 $ 16 $ $ $ 375 102 64 b $ 7,464 ASSUMPTIONS: Financial figures represent 1997-98 school year. Basic elementary charter school enrolls only students who are not at risk and have no special needs. Middle cost K-12 charter school has the same student population statistics as the Wisconsin average. At-risk upper grade charter school is located in Milwaukee. a In the average Wisconsin school district, approximately $435 of shared cost is devoted to special education, and $133 is devoted to transportation (per pupil enrolled, not for each student receiving services). In the upper grade at-risk school, approximately $1,110 of shared cost is devoted to special education (doubled from the $555 Milwaukee average to reflect an at-risk school), and $176 is devoted to transportation. b Categorical aids are state averages per pupil enrolled, not for each student receiving services. Milwaukee Charter Schools Base Funding: Charter schools authorized by the city of Milwaukee, University of Wisconsin-Milwaukee, or Milwaukee Area Technical College are paid an amount equal to Milwaukee Public Schools’ “shared costs,” a component of the general state aid formula. In 1997-98 Milwaukee’s shared cost was calculated at $6,053. The calculation starts with total expenditures, which averaged about $7,636. All debt services and facility costs are added. However, most school facilities are financed by the city of Milwaukee, and the capital costs included in charter school funding totaled only $91 per pupil. Revenues excluded from the calculation include federal funds, restricted state categorical funds, gifts and donations, together totaling $1,674. Shared costs include about 60 percent of actual special education and bilingual education costs, and approximately 85 percent of ac...
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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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