Venturesome Capital- State Charter School Finance Systems

Venturesome Capital State Charter School Finance Systems

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Unformatted text preview: o approve specific waivers from state regulations. The three-year federal charter school grant played a strong role in developing the current 15 charter schools, the maximum allowed by state law. None of the big cities in Kansas has charter schools. Enrollment in school districts with charter schools ranges from 700 to 5,000 students. About half of the charter schools enroll students from nearby cooperating school districts. Regional service centers helped develop about half of the charter schools. Six of the 15 schools serve at-risk high school students. Base Funding: Charter school funding flows through the school district in an amount determined in conjunction with the district. This section describes how students generate funding for school districts, not the funding entitlement for charter schools. The ability of school districts to support charter schools varies widely; big differences in per-pupil spending exist from one district to another. Operating expenditures average about $4,700 per pupil, but the high-cost structures of small, rural districts add to expenditure variation. Among the 15 districts hosting charter schools, per-pupil operating expenditures range from about $4,000 to nearly $6,000, with the typical district spending about $4,800. Districts with the lowest enrollment spend the most, and big cities spend substantially less than the state average. A system of pupil weights leads to much of the dispersion in the basic spending guarantee. Transportation Low-enrollment Vocational Bilingual At-risk New facilities Based on density and cost analysis. For districts with fewer than 1,750 students. Linear transition schedule based on historical costs of districts of fewer than 100 students with declining weights as district size increases. The weight for a 1,200-student school is about 0.15 or 15 percent extra funding. The minimum weight or “correlation adjustment” is 0.054 and applies to all school districts. 0.50 extra FTE 0.20 extra FTE 0.08 extra FTE 0.25 first two years students are in a new facility. Appendix 137 Venturesome Capital: State Charter School Finance Systems School districts may adopt local option budgets adding up to 25 percent of base funding, some of it matched with state aid. School districts with local option budgets tend to be larger ones with below average spending levels. Special Education: No specific formula guarantees a charter school’s special education funding. State categorical aid funds approximately 80 percent of added costs for special education. Low-Income and Bilingual Education: Low-income and bilingual students get extra weights in the general state aid formula as specified above. Categorical Aid: Two small categorical programs, which are awarded to host districts and should get to charter schools, are: (1) in-service grants averaging about $5 per pupil, and (2) educational excellence grants awarded on a competitive basis that average about $3 per pupil statewide. Transportation: School districts...
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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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