Implications Of A District-Sponsored Charter For TVUSD
Implications Of ADistrict-Sponsored Charter Provisions Of ARS 15-185
Our School District Can Charter TVESTo Increase Overall Funding Why? The difference between the funding model for traditional public schools and the one for district-sponsored charter schools represents a significant funding boost. Why TVES? Arizona law says you have to have a traditional public school available at each level (elementary, junior high, high school), so we’d keep ACES a traditional public school. TVES is the larger of our two elementary schools, and would yield the greatest amount of funding.
What ARS 15-185 Establishes Send our school board-approved charter, an application and an estimated student count to the state board of education to receive base support level funding plus “additional assistance” of $1654 per student.
No Big Changes Thanks To LocalControlAll charter policies would be approved by the same school board No changes to educational program No changes to employee classification, pay or benefits
A Little Vocabulary Before WeMove On SFB: School Facilities Board. This agency used to provide building renewal funds. CORL: Capital Outlay Revenue Limit. Funds for expenditures outside the classroom, such as tools and equipment. Soft Capital: Funds for school buses and instructional materials such as textbooks. Sudden Growth: Funds for new students not budgeted at start of current school year
Traditional School Funding Base Support Level: $3300 SFB Building Renewal: $0 since 2008 CORL: $140 last year (Down from $263 in 2004-05) Soft Capital: $33 last year ($0 in 2011-12, down from $226 in 2004- 05) Bottom Line: $3473 per student
District-Sponsored Charter SchoolFunding Base Support Level $3300 Additional Assistance $1654 No SFB, no CORL, no Soft Capital No sudden growth funding Bottom Line: $4954 per student
Comparison Of Bottom Lines Traditional Public District-Sponsored School Model Charter Model $4954 $3473 Per Student Per Student
Timing: Option 1 Submit district-sponsored charter and application before June 30 Initiate change in time for 2013-14
Timing: Option 2 Submit district-sponsored charter and application after June 30 Initiate change in time for 2014-15 Optimize fiscal year 2013-14 of sudden growth funding by reaching district capacity of 2100 students Then, get funded as a district-sponsored charter school starting in 2014-15
Timing: Option 3 Submit district-sponsored charter and application before June 30 and choose not to declare any new students as charter students until 2014-15 This preserves sudden growth funding for next year while avoiding the risk of legislative changes which may close the window of opportunity pending legal review
Funding Forecast Year 1 60 new district-sponsored charter students @ $1654 School funding formulas bring total to $130K Year 2 600 district-sponsored charter students @ $1654 School funding formulas bring this to $750K- $900K
Conclusion Establishing a district-sponsored charter for Tanque Verde Elementary is a great financial move once the time is right. The time will be right after the district reaches capacity and receives its final sudden growth funding.