These slides illustrate financial considerations as they pertain to the prospective sponsoring by TVUSD of a charter for Tanque Verde Elementary School.
2. Our School District Can Charter TVES
To 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. 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. No Big Changes Thanks To Local
Control
All charter policies would be approved by the
same school board
No changes to educational program
No changes to employee classification, pay or
benefits
5. A Little Vocabulary Before We
Move 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. 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. District-Sponsored Charter School
Funding
Base Support Level $3300
Additional Assistance $1654
No SFB, no CORL, no Soft Capital
No sudden growth funding
Bottom Line: $4954 per student
8. Comparison Of Bottom Lines
Traditional Public District-Sponsored
School Model Charter Model
$4954
$3473
Per Student
Per Student
9. Timing: Option 1
Submit district-sponsored charter and
application before June 30
Initiate change in time for 2013-14
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. 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. 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. 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.