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. 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
