Charter School Funding Formula Business/Finance Committee Meeting - - PowerPoint PPT Presentation

Charter School Funding Formula

Business/Finance Committee Meeting January 8, 2014

Charter School Expenditures

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Salaries & Benefits $259,598,974 48.83% Special Education $65,443,636 12.31% Debt Service $52,978,952 9.97% Charter Schools $54,936,157 10.33% Transportation $35,151,444 6.61% Utilities $9,136,970 1.72%

• Purch. Prof. & Tech. Services

$12,026,968 2.26%

• Purch. Prop. Services

$3,766,622 0.71% Other Purch. Services $14,548,498 2.74% Supplies $9,016,837 1.70% Property $4,750,747 0.89% Other Objects $6,500,391 1.22% Other Finan. Uses $1,273,160 0.24% Prior Year Encumbrances $2,500,000 0.47%

School District of Pittsburgh 2014 Appropriations by Major Object Total Appropriations $529,129,356 Prior Encumbrances $ 2,500,000

Charter School Expenditures (continued)

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Charter School Law

• On June 12, 1997, Senate Bill No. 123 bill

allows for the establishment of charter schools in the Commonwealth of Pennsylvania.

• Section 17-1725-A details how charter schools

are funded.

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How Charter Schools Are Funded

• Tuition Rate is based on prior year

expenditures less deductions

• Deductions include student transportation,

pre-kindergarten, federal programs, and debt service

• Expenditures are then divided by the average

daily membership to determine the Charter School Tuition Rate

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Regular Education Funding

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Total Expenditures Tuition Rate Average Daily Membership (ADM) Total Deductions

Special Education Funding

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Special Education Expenditures Tuition Rate Special Education ADM Special Education Deductions

Issues with the funding formula

• Foundation Funding
• Special Education Funding
• Double Dipping
• Cyber Charter School Funding

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Other Charter School Funding

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• IDEA 611 Pass-Through Funding: Federal Funding for

Special Education expenses. It is passed through the School District to the Charter School. The district made $471,485.00 in IDEA payments to charter schools in 2012-13

• Grant Funding: Charter schools are eligible to apply

for grants

Charter School Funding Reform and Challenges

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• A Charter School Reform Amendment is being

considered by the State Senate. It includes: – Eliminating the pension double dip for Charter Schools – Universities and Colleges can become authorizers of charter schools instead of local school districts – 10-year renewals instead of 5-year renewals – Eliminating enrollment limits on charter schools

• Charter Schools are challenging the funding formula