Venturesome Capital- State Charter School Finance Systems

E includes gifted and talented and vocational

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: basic state aid of $3,530 per pupil plus an amount equal to the average state funding for: § § § § Training and experience—provides more state aid for school districts with mature teaching staffs. Operating capital—a separate component of the general aid formula. Sparsity—provides more aid for sparsely populated school districts. Graduation standards funding.13 Per-pupil base funding totaled $3,759 in 1998-99. Grade Level Funding: Per-pupil base funding is multiplied by a weighting formula that counts elementary school students at 1.06 and middle and high school students at 1.30. Special Education: The state funds about two-thirds of special education costs. School districts may levy local property taxes for the remainder. If so, charter schools allocate their special education population back to their resident districts for levy purposes and then bill the district for its share of the levy funding as if the district were participating in a Board of Cooperative Educational Services.14 Funding is based on the second prior year’s expenditures. The state pays additional money for 68 percent of the actual salary of each person providing special education instructional services and 47 percent of the cost of 13 Graduation standards funding ($84.37 per pupil) must be spent on a number of specific purposes including technology and gifted and talented education. 14 Estimates for special education in the middle cost charter school in the following table begin first by taking the cost of a full time teacher and paraprofessional (estimated at $50,000) and multiplied by .68. This is the salary base of $34,000 supported by the state, totaling $3,191 per pupil. The state funds an additional $47 per pupil for materials. No costs for contracting out are included. Calculations are similar for the school for atrisk students. With twice as many students, costs are doubled. 154 Appendix Minnesota supplies and equipment, not to exceed $47 per disabled student. The state also covers 52 percent of the additional cost of a contract for instruction and supplemental services.15 Limited-English Proficiency: LEP funding is based both on the number of LEP students and the concentration of LEP students in a school district or charter school. Basic LEP funding is either: (1) 68 percent of one-half the salary of each teacher for every 40 LEP pupils, or (2) 68 percent of one-half the salary for a teacher in a district with 20 or fewer LEP pupils. The state also pays for 47 percent of the costs of supplies and equipment not to exceed an average of $47 per pupil. As in special education, school districts can use a levy for the LEP costs not funded by the state. Charter schools allocate their LEP populations to the resident districts of the pupils attending the charter school for levy purposes and bill the school district. LEP concentration revenue is based on a formula.16 The maximum concentration revenue is $149 per LEP pupil. Low-Income or Compensatory Education: Charter schools, like school districts, may qualify for compensatory education m...
View Full Document

Ask a homework question - tutors are online