Common use of Authorizer Budget for Two Percent Administrative Fee Clause in Contracts

Authorizer Budget for Two Percent Administrative Fee. The amount of funding allocated to the School shall not be less than ninety-eight percent of the school-generated program costsxxiv. The Authorizer may withhold and use the remaining two percent of the school-generated program cost for its administrative support of the School. The Authorizer shall use the two percent amount withheld for the following purposes: 1. A portion of the expenditures supports the charter school division staff salaries and benefits. 2. A second portion of the expenditures supports the Public Education Commission’s work. This includes their travel, and expenses such as meals, hotels, and per diem. 3. A third portion of the expenditures provides the resources needed to accomplish the oversight necessary such as supplies, hardware, software and other resources needed to support the work of the CSD. 4. A fourth portion of the expenditures provides the resources needed from all other bureaus in the NMPED that spend time working on issues related to charter schools, including but not limited to, Special Education, Information Technology, Title I, School & Family Support Bureau, Student Nutrition, and School Budget.

Authorizer Budget for Two Percent Administrative Fee. ‌ The amount of funding allocated to the School shall not be less than ninety-eight percent of the school-generated program costsxxiv. The Authorizer may withhold and use the remaining two percent of the school-generated program cost for its administrative support of the School. The Authorizer shall use the two percent amount withheld for the following purposes: 1. A portion of the expenditures supports the charter school division staff salaries and benefits. 2. A second portion of the expenditures supports the Public Education Commission’s work. This includes their travel, and expenses such as meals, hotels, and per diem. 3. A third portion of the expenditures provides the resources needed to accomplish the oversight necessary such as supplies, hardware, software and other resources needed to support the work of the CSD. 4. A fourth portion of the expenditures provides the resources needed from all other bureaus in the NMPED that spend time working on issues related to charter schools, including but not limited to, Special Education, Information Technology, Title I, School & Family Support Bureau, Student Nutrition, and School Budget.