Charter School Funding Clause Samples
The Charter School Funding clause establishes the financial arrangements and obligations related to the funding of a charter school. It typically outlines the sources of funding, such as state or local government allocations, and may specify how funds are distributed, managed, and reported. For example, it might detail the timing of payments, requirements for financial transparency, or conditions for the use of funds. The core function of this clause is to ensure that the charter school receives appropriate and predictable funding, thereby supporting its operations and compliance with legal and regulatory requirements.
Charter School Funding.
4.3.1 Charter School shall receive, directly from the Department, state and local aid in an amount equal to its weighted count of enrollment multiplied by the per pupil Distributive School Account amount for the county of residence of each student plus the per pupil Outside Revenue amount for that county. The count of pupils for calculating the basic support for distribution to a charter school is the “Average daily enrollment” as defined by NRS 387.1211.
4.3.2 The Charter School shall maintain and transmit all necessary student information in the format prescribed by the Department to evidence enrollment and attendance of students for purposes of receiving state aid. The Charter School will receive state payment from the Distributive School Account directly from the Department, based on “Average daily enrollment” as defined by NRS 387.1211.
4.3.3 The Charter School shall receive state aid payments quarterly unless the quarterly payments exceed $500,000 at which time the Department will pay state aid in monthly installments directly to the Charter School.
4.3.4 All state aid payments to the Charter School are subject to correction pending the outcome of the Department’s annual Pupil Enrollment and Attendance Audit.
Charter School Funding. Charter School shall receive, directly from the Department, state and local aid in an amount equal to its weighted count of enrollment multiplied by the per pupil Distributive School Account amount for the county of residence of each student plus the per pupil Outside Revenue amount for that county. The count of pupils for calculating the basic support for distribution to a charter school is the weighted count of enrollment of pupils on the last day of the first full school month of the School District for the school year (“Count Day”). The first school month is the thirty day period beginning on the first day of a school year, so long as that thirty day period includes at least twenty school days. The Charter School shall maintain and transmit all necessary student information in the format prescribed by the Department to evidence enrollment and attendance of students for purposes of receiving state aid. The Charter School will receive state payment from the Distributive School Account directly from the Department, based on the number of pupils enrolled on Count Day. All state aid payments to the Charter School are subject to correction pending the outcome of the Department’s annual Pupil Enrollment and Attendance Audit.
Charter School Funding. 4.3.1 Charter School shall receive, directly from the Department, state and local aid in an amount equal to its weighted count of enrollment multiplied by the per pupil Distributive School Account amount for the county of residence of each student plus the per pupil Outside Revenue amount for that county. The count of pupils for calculating the basic support for distribution to a charter school is the weighted count of enrollment of pupils on the last day of the first school month of the school district in which the charter school is located for the school year (“Count Day”). The first school month is the thirty day period beginning on the first day of a school year, so long as that thirty day period includes at least twenty school days.
4.3.2 The Charter School shall maintain and transmit all necessary student information in the format prescribed by the Department to evidence enrollment and attendance of students for purposes of receiving state aid. The Charter School will receive state payment from the Distributive School Account directly from the Department, based on the number of pupils enrolled on Count Day.
4.3.3 The Charter School shall receive state aid payments quarterly unless the quarterly payments exceed $500,000 at which time the Department will pay state aid in monthly installments directly to the Charter School.
4.3.4 All state aid payments to the Charter School are subject to correction pending the outcome of the Department’s annual Pupil Enrollment and Attendance Audit.
Charter School Funding. Charter School shall receive state general education funding in an amount equal to its weighted count of enrollment multiplied by the per-pupil amount calculated by the Department through the Pupil Centered Funding Plan. The Charter School’s share of weighted funding and auxiliary funding is determined by the Department and will be remitted to the Charter School. The District shall provide the portion or allocation of federal and state grant funding to the Charter School only to the extent required by law. The Charter School shall maintain and transmit all necessary student information in the format prescribed by the Department to evidence enrollment and attendance of students for purposes of receiving state aid. The Charter School will receive state payment from the Distributive School Account directly from the Department, based on the number of pupils enrolled on Count Day. All state aid payments to the Charter School are subject to correction pending the outcome of the Department’s annual Pupil Enrollment and Attendance Audit.
Charter School Funding. The RVSD will determine a per pupil budget for non-capital objects. This amount will be budgeted for ACES during the RVSD budget planning time for the upcoming school year.
Charter School Funding.
4.3.1 Charter School shall receive, directly from the Department, state and local aid in an amount equal to its weighted count of enrollment multiplied by the per pupil Distributive School Account amount for the county of residence of each student plus the per pupil Outside Revenue amount for that county. The count of pupils for calculating the basic support for distribution to a charter school is the “Average daily enrollment” as defined by NRS 387.1211.
4.3.2 The Charter School shall maintain and transmit all necessary student information in the format prescribed by the Department to evidence enrollment and attendance of students for purposes of receiving state aid. The Charter School will receive state payment from the Distributive School Account directly from the Department, based on “Average daily enrollment” as defined by NRS 387.1211.
4.3.3 The Charter School shall receive state aid payments quarterly unless the quarterly payments exceed $500,000 at which time the Department will pay state aid in monthly installments directly to the Charter School.
4.3.4 All state aid payments to the Charter School are subject to correction pending the outcome of the Department’s annual Pupil Enrollment and Attendance Audit.
4.3.5 As set forth above, the Charter School shall not be entitled to “hold harmless” funding as set forth in NRS 387.1223(3) for the decrease in students that occurs as a result of the immediate enrollment freeze on these grades.
Charter School Funding. 4.3.1 Charter School shall receive, directly from the Department, state and local aid in an amount equal to its weighted count of enrollment multiplied by the per Pupil Centered Funding Plan (PCFP) amount for the county of residence of each student plus the per pupil Outside Revenue amount for that county. The count of pupils for calculating the basic support for distribution to a charter school is the “Average daily enrollment” as defined by NRS 387.1211.
4.3.2 The Charter School shall maintain and transmit all necessary student information in the format prescribed by the Department to evidence enrollment and attendance of students for purposes of receiving state aid. The Charter School will receive state payment from the Distributive School Account directly from the Department, based on “Average daily enrollment” as defined by NRS 387.1211.