Implications Of A District-Sponsored Charter For TVUSD

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These slides illustrate financial considerations as they pertain to the prospective sponsoring by TVUSD of a charter for Tanque Verde Elementary School.

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Implications Of A District-Sponsored Charter For TVUSD

  1. 1. Implications Of ADistrict-Sponsored Charter Provisions Of ARS 15-185
  2. 2. 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.
  3. 3. 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.
  4. 4. 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
  5. 5. 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
  6. 6. 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
  7. 7. 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
  8. 8. Comparison Of Bottom Lines Traditional Public  District-Sponsored School Model Charter Model  $4954  $3473 Per Student Per Student
  9. 9. Timing: Option 1 Submit district-sponsored charter and application before June 30  Initiate change in time for 2013-14
  10. 10. 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
  11. 11. 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
  12. 12. 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
  13. 13. 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.

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