Disbursement of Per Pupil Revenue. The Sponsor shall provide 100 percent of the per pupil state revenues to the School minus the following: no more than two percent of the total state appropriations to cover the costs of overseeing the charter school and deductions for purchased services and/or expenditures of the charter school that are paid at the Sponsor level. The Sponsor shall distribute federal funds to the School consistent with state and federal rules and regulations governing the use of federal funds.
Disbursement of Per Pupil Revenue. A. Disbursement of District per pupil revenue funding. Commencing in July of each fiscal year of the contract term, District per pupil revenue funding as described in Section 8.1.A shall be disbursed to the School in monthly installments, subject, however, to annual appropriation and the District’s receipt of the funding. July through November funding shall be based on the School’s enrollment projections submitted in accordance with Section
Disbursement of Per Pupil Revenue. A. Disbursement of District per pupil revenue funding. Commencing in July of each fiscal year of the contract term, District per pupil revenue funding as described in Section 8.1.A shall be disbursed to the School in monthly installments, subject, however, to annual appropriation and the District’s receipt of the funding. July through November funding shall be based on the School’s enrollment projections submitted in accordance with Section 8.4. Funding for December and subsequent months of each fiscal year shall be adjusted in accordance with Section 8.2.B. Funds shall be disbursed within five (5) days of being received by the District.
B. Adjustment to funding. The District’s disbursement of funds shall be adjusted as follows: in January of each year, funding will be revised based on the number of FTE pupils actually enrolled at the School as determined at the October 1 count and included in the official membership count, and to reflect any change in PPR, positive or negative, so that the overall funding for the year is equal to the PPR provided for in this District and not otherwise deducted. Funding each month may also be adjusted for any services provided by the Contract. In addition, to the extent that the District experiences any reduction or increase in state equalization support by a legislative rescission or other action, proportionate reductions or increases shall be made to the School’s funding. Any adjustments to funding so that funding is equal to the PPR provided for in this Contract shall be made by direct payment to the School or the District.
Disbursement of Per Pupil Revenue. If the School establishes its own bank accounts, which the District agrees it may do, commencing on July 1 of each fiscal year of the Contract term, District per pupil revenue funding as described in Section 7.1.A shall be disbursed to the School in monthly installments, subject, however, to annual appropriation and the District’s receipt of funding. July through December funding shall be based on the School’s enrollment projections submitted in accordance with Section 7.4. Funding for January and subsequent months of each fiscal year shall be adjusted in accordance with Section 7.2.B. Funds shall be disbursed within five (5) days of being received by the District.
Disbursement of Per Pupil Revenue
