charter application workshop
DESCRIPTION
Charter Application Workshop. January 13 and 14, 2011. Funding Resources. State – Base Funding/Categorical Federal – IDEA, Title I Local – Donations/Grants/Gifts. Base Funding – Local District. 2008-2009 Audited Financial Statements Calculation - PowerPoint PPT PresentationTRANSCRIPT
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Charter Application Workshop
January 13 and 14, 2011
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Funding Resources
State – Base Funding/Categorical
Federal – IDEA, Title ILocal – Donations/Grants/Gifts
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Base Funding – Local District
2008-2009 Audited Financial Statements Calculation
Total General Revenues $ 89,453,546FY 2008-2009 Weighted Pupil Units 13,577.24Per Pupil Amount $ 6,588.49
FY 2009-2010 Inflation Factor (0.00%)$ 0.00FY 2010-2011 Inflation Factor (0.00%)$ 0.00
2010-11 Per Pupil Funding $ 6,588.49
The figure is now multiplied by the charter schools weighted per pupil figure
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Base Funding – State District
Per Pupil (Base Student Cost)$1,630
Additional per pupil (proviso 1.3) $ 700
Total Per Pupil$2,330
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EFA WeightingsKindergarten 1.30Primary (1.3) 1.24Elementary (4-8) 1.00High School (9-12) 1.25TMH 2.04Speech 1.90Homebound 2.10EH 2.04
EMH 1.74LD 1.74Hearing 2.57Visual 2.57OH 2.04Vocational 1.29Autism 2.57
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ExamplesAverage Daily Membership - # of days a
child is enrolled in an EFA category
1. ADM of 112.57 in Elementary results in a WPU figure of 112.57
2. ADM of 25.89 in Speech results in a WPU figure of 49.19
3. ADM of 5.21 in LD results in a WPU figure of 9.07
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Estimating StudentsBe careful in estimates of students. Don’t over inflate student counts when completing your budget.Remember – you are adjusted at the 45th day of school and over-estimating initial student counts could result in a loss of funding
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Why Charters Fail
Failure to plan properly before
opening!!!
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Example Continued
Estimated Per Pupil $ 6,588.49Total Weighted Pupils 170.83Total Base Funding $1,125,511.75
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Actual Students Enrolled
Estimated Per Pupil $ 6,588.49Total Weighted Pupils 85.43Total Base Funding $ 562,854.70
Resulting in a loss of $ 562,657.05!!!!!
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Request for Estimate
Once you have determine who your sponsor LEA will be contact
me for estimate of per pupil – must be a part of your charter
application!!!!!
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Categorical Funding
Additional State Funding the school may be entitled to
based on the programs they offer and the students they
serve
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State Categorical Continued
Reading High Achieving
Students Vocational Professional
Development At Risk Student
Funding
Lottery Pre-school
Handicapped Education
License Plates
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Documents to Help YouCategorical
Funding MatrixFunding
ManualAccounting
HandbookAudit Guide
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Financial Concern Failure to submit year-end audit as required
by Charter Law and SC law. Better to submit 2 and none! For report card purposes using 08-09
financial data, of the 30 schools open during that year, 5 or 17% failed to provide and audit to the SCDE
Don’t wait on your sponsor to do it
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Questions
???