Venturesome Capital- State Charter School Finance Systems

Upon dissolution of a charter school its assets may

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Unformatted text preview: Kindergarten Grades 1-3 Grades 4-8 Grades 9-12 Learning disabilities and educable EMH, trainable, and orthopedic Speech Hearing, vision, autism Total FTE or WFTE a 1. Host district general fund 2. Categorical aid Academic assistance (K-12 average) Continuous improvement/innovation Increase high school diploma School innovation funds Gifted and talented Principal/ teacher spet Basic Elementary Charter School FTE WFTE 1.30 1.24 1.00 1.25 1.74 2.04 1.90 2.57 0 50 50 0 0 0 0 0 100 $4,743 3. Transportation 4. Federal funding Title I Special education Bilingual and immigrant Other federal programs $ $ 5 33 7 62 $ $ $ $ 59 Total revenue $4,909 c $ $ $ $ Middle Cost K-12 Charter School FTE WFTE 0.0 62.0 50.0 0.0 0.0 0.0 0.0 0.0 112.0 b $ 4,235 (0 FTE) 5 25 35 25 4 3 3 0 100 b $ 5,189 b Urban At-Risk Upper Grade FTE WFTE 6.5 31.0 35.0 31.3 7.0 6.1 5.7 0.0 122.5 $ 4,235 0 0 0 80 8 6 6 0 100 b $ 4,746 $ $ $ $ $ $ $ 181 5 28 33 45 7 62 (40 FTE) $ $ $ $ $ $ $ 362 5 28 33 45 7 62 $ $ $ $ 140 53 59 $ $ $ $ 0.0 0.0 0.0 100.0 13.9 12.2 11.4 0.0 137.6 b $ 3,450 280 106 59 $ 5,802 (80 FTE) $ 5,733 ASSUMPTIONS: Financial figures represent 1997-98 school year. Basic elementary charter school enrolls only elementary students who are not at risk and have no special needs. Middle cost K-12 charter school has the same student population as the South Carolina average. At-risk upper grade charter school has twice the concentration of at-risk and special needs students as an average South Carolina school and is located in an urban area. a Charter school funding is based on prior year’s host district general fund expenditure updated for inflation. The lowest expenditure per weighted pupil in South Carolina is $3,424, about $800 below the state average of about $4,235. c The district’s share of transportation expenditures, averaging $62 per member is included in the host district general fund expenditure. The state provides no support for charter school transportation. b 176 Appendix b Texas Texas Texas provides for “open enrollment” and “campus” charter schools. Authorized by school districts, campus charter schools obtain funding through the normal budget allocation process of the school district. Open enrollment charter schools resemble the autonomous charter schools in many other states and account for more than 90 percent of Texas charter schools in 1999-2000. This section describes funding for open enrollment charter schools only. Base Funding: Revenue for charter schools is based on the foundation allowance generated in the school districts in which students reside. 21 The foundation allowance, starting at $2,396 in 1997-98, incorporates a number of funding variables unique to each school district. The formula also has weights for special education, limited-English proficiency and at-risk factors (see table) based on student characteristics of charter schools.22 Although a charter school receives all of its funding from the state, the state recovers an equivalent amount from the sending school district...
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