Charter School Capital Outlay Funds. Section 1013.62, Florida Statutes, provides procedures and guidance for the distribution of capital outlay funds appropriated to Florida’s public charter schools. Capital Outlay (CO) plans must be submitted to the Florida Department of Education (FDOE) in the format and manner prescribed by the Department. The Sponsor will review and verify the information reported (uploaded) to the FDOE. The Department determines approval of the School’s Capital Outlay Plan. A copy of the previous year’s annual audited financials must be submitted to the School’s Sponsor as well as any other supporting documentation, such as a copy of the school’s accreditation by a regional accrediting association in order to verify that the charter school qualifies for capital outlay funds. Conversion charter schools are ineligible for capital outlay funding if they operate in facilities provided by the Sponsor. The Sponsor distributes capital outlay funds to the charter schools within ten (10) days upon receipt of from the Florida Comptroller’s Office.
Charter School Capital Outlay Funds. Application If the School meets the FDOE criteria for Charter School Capital Outlay Funds, the School must submit a Capital Outlay Plan pursuant to the process required by FDOE. Distribution Should the School receive a Capital Outlay allocation, the District shall distribute such funds to the School within 10 days of receipt of such funds from the FDOE.
Charter School Capital Outlay Funds. Section 1013.62, Florida Statutes, provides procedures and guidance for the distribution of capital outlay funds appropriated to Florida’s public charter schools. Capital Outlay plans must be submitted to the FLDOE in the format and manner prescribed by the state. The Sponsor will review and verify the information uploaded to the FLDOE. The state determines approval of the School’s Capital Outlay Plan. Each Capital Outlay plan must contain a written list specifically enumerating the proposed capital expenditures. Sales contracts, construction contracts, purchase orders, leases, lease- purchase agreements, rental agreements or bills of sale will be accepted by the Sponsor to document the School’s expenditure of capital outlay funds. A copy of the previous year’s annual audited financials must be submitted with a Capital Outlay plan as well as any other supporting documentation that verifies that the charter school qualifies for capital outlay funds. Conversion charter schools are ineligible for capital outlay funding allocations. After the Sponsor’s certification of a Capital Outlay plan submitted by the School, the Sponsor shall deliver any public capital outlay funds [hereafter “CO Funds”] that are allocated and prorated to the School by the Commissioner of Education within ten (10) days of the delivery of such funds to the Sponsor by the Commissioner of Education. The property and/or improvements purchased by the School using the CO Funds and any unencumbered CO Funds shall be subject to reversion to the Sponsor pursuant to Sections 1002.33(8)(e) and 1013.62(3), Florida Statutes, and shall automatically revert to full ownership by Sponsor, subject to complete satisfaction of any other lawful liens and encumbrances, upon: (a) the termination or non-renewal of this Charter, or (b) the material breach of this Charter by the School. Any property and improvements, furnishings and equipment purchased without CO Funds or public funds for the School which have not been reimbursed by CO Funds or public funds shall be property of the School should the Charter terminate or not be renewed. However, ownership of an asset shall revert to the Sponsor in the event of termination or non-renewal of this Charter if the School’s accounting records fail to clearly establish whether a particular asset was purchased with CO Funds or public funds or from another funding source. Except as otherwise provided herein and except for any interest conferred upon the Sponsor by applica...
Charter School Capital Outlay Funds. If the School is eligible for capital outlay funds pursuant to Section 1013.62, Florida Statutes, the Sponsor shall distribute such funds to the School as required by law and pursuant to agreement with the Sponsor.
Charter School Capital Outlay Funds. The Sponsor will cooperate and assist the 7 School, as required by Florida Statutes, to obtain capital outlay funding for which 8 the School may be eligible. The School agrees to use procedures for subm itting 9 and approving requests for funding under Section 1013.62, F.S. Section 1013.62, 10 F.S., provides procedures and guidance for the distribution of capital outlay funds 11 appropriated to Florida’s public charter schools. Capital Outlay plans m ust be 12 submitted by the School to the FDOE in th e format prescribed by the State. The 13 Sponsor shall review and verify the in formation uploaded by the School to the 15 plan, as provided by law. Any Capital Outlay plan m ust be subm itted by the 16 School to the Sponsor’s finance officer fo r approval. Each Capital Outlay plan 17 must contain a written list specifically enumerating the proposed capital 18 expenditures. Sales contracts, construc tion contracts, purchase orders, leases, 19 lease-purchase agreements, rental agreements or bills of sale will be accepted by 20 the Sponsor to docum ent the School’s e xpenditure of capital outlay funds. A 21 copy of the previous year’s annual audite d financials must be submitted with a 22 Capital Outlay plan as well as any other supporting docum entation that verifies 23 that the charter school qualifies for capital outlay funds. Conversion charter 24 schools are ineligible for capital outlay funding allocations. After the Sponsor’s 25 certification of a Capital Outlay plan submitted by the School, the Sponsor shall 26 deliver any public capital outlay funds (her eafter “CO Funds”) that are allocated 27 and prorated to the School by the Com missioner of Education within Ten (10) 28 days of the delivery of such funds to the Sponsor by the Com missioner of
Charter School Capital Outlay Funds. Intentionally Deleted.
Charter School Capital Outlay Funds
