Common use of Charter School Funding Clause in Contracts

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. 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.