Common use of Disbursement of PPR Clause in Contracts

Disbursement of PPR. The District will disburse PPR to the Network using a schedule agreed upon by both parties. The current schedule is as follows: i. On the first Friday following July 17th of each District fiscal year, twenty-five percent (25%) of the District funding provided for Projected Enrollment as defined by the District on October Count Date of that year shall be disbursed to the Network. It is understood and agreed that this July installment will be remitted only upon the District receiving all of the following: the Network’s approved budget as required by Section 16.A.j of this Contract; Certificate of Occupancy (if changed from the previous year’s submittal); proof of insurance; the Network’s calendar; the Network’s board member roster; Articles of Incorporation and Bylaws (if changed from the previous year’s submittal); contact information; disclosure information using forms supplied by the District; replacement policies for District policies that have been waived by the District Board; and, in each year following the first year of operations, proof of previous year’s pension and COP payments, and fire drill records. The Parties acknowledge that such conditions placed on receipt of funds are authorized under C.R.S § 22-30.5-105(2). ii. Each month thereafter from October through June, the District will remit one month of funding on the first Friday following the 17th of the month. It is understood and agreed that the October installment will be remitted only upon the District receiving the following: an emergency plan for the current year and, in each year after the first year of operation, a successfully completed annual audit conducted by an independent auditor using governmental auditing standards and GASB Standards accounting guidelines; the fiscal year-end trial balance; and information necessary for an annual review of the Network’s academic, operational, and financial performance in a format agreed to by the District. If a successfully completed financial audit, as required in this paragraph, is not received by September 15th, the October payment, and all subsequent payments due under this Contract, shall be withheld until such time that the Network submits the required audit and trial balance. iii. Beginning with the January monthly payment, the funding will be adjusted to reflect the official pupil membership on October Count Date of that school year and Colorado Department of Education calculation of the District’s per pupil funding payable under this Contract. iv. The remaining state funds adjusted to reflect the official pupil membership on October Count Date of that school year and Colorado Department of Education calculation of the District’s per pupil funding payable under this Contract shall be disbursed following the schedule outlined in this section for the remaining months in the fiscal year after such changes are considered final and approved by the legislature if necessary. v. The parties acknowledge that the Charter Schools Act specifically requires the District to pay the Network monthly. The parties agree that they shall continue to operate on a modified payment schedule mutually agreed upon by both parties. The parties also acknowledge that this payment schedule may be modified in the future due to changes in rule or statute or due to requirements from CDE to comply with existing statute. The District agrees to seek input from the District-Charter Collaborative Council on any proposed changes and to notify the Network of any changes to the funding payment schedule by May 1st of the year preceding the change.

Disbursement of PPR. The District will disburse PPR to the Network School using a schedule agreed upon by both parties. The current schedule is as follows: i. On the first Friday following July 17th of each District fiscal year, twenty-twenty- five percent (25%) of the District funding provided for Projected Enrollment as defined by the District on October Count Date of that year shall be disbursed to the NetworkSchool. It is understood and agreed that this July installment will be remitted only upon the District receiving all of the following: the NetworkSchool’s approved budget as required by Section 16.A.j 17.A.j of this Contract; Certificate of Occupancy (if changed from the previous year’s submittal); proof of insurance; the NetworkSchool’s calendar; the NetworkSchool’s board member roster; Articles of Incorporation and Bylaws (if changed from the previous year’s submittal); contact information; disclosure information using forms supplied by the District; replacement policies for District policies that have been waived by the District BoardBoard of Education; and, in each year following the first year of operations, proof of previous year’s pension and COP payments, and fire drill records. The Parties acknowledge that such conditions placed on receipt of funds are authorized under C.R.S § 22-30.5-105(2). ii. Each month thereafter from October through June, the District will remit one month of funding on the first Friday following the 17th of the month. It is understood and agreed that the October installment will be remitted only upon the District receiving the following: an emergency plan for the current year and, in each year after the first year of operation, a successfully completed annual audit conducted by an independent auditor using governmental auditing standards and GASB Standards accounting guidelines; the fiscal year-end trial balance; and information necessary for an annual review of the NetworkSchool’s academic, operational, and financial performance in a format agreed to by the District. If a successfully completed financial audit, as required in this paragraph, is not received by September 15th, the October payment, and all subsequent payments due under this Contract, shall be withheld until such time that the Network School submits the required audit and trial balance. iii. Beginning with the January monthly payment, the funding will be adjusted to reflect the official pupil membership on October Count Date of that school year and Colorado Department of Education calculation of the District’s per pupil funding payable under this Contract. iv. The remaining state funds adjusted to reflect the official pupil membership on October Count Date of that school year and Colorado Department of Education calculation of the District’s per pupil funding payable under this Contract shall be disbursed following the schedule outlined in this section for the remaining months in the fiscal year after such changes are considered final and approved by the legislature if necessary. v. The parties acknowledge that the Charter Schools Act specifically requires the District to pay the Network School monthly. The parties agree that they shall continue to operate on a modified payment schedule mutually agreed upon by both parties. The parties also acknowledge that this payment schedule may be modified in the future due to changes in rule or statute or due to requirements from CDE to comply with existing statute. The District agrees to seek input from the District-Charter Collaborative Council on any proposed changes and to notify the Network School of any changes to the funding payment schedule by May 1st of the year preceding the change.

Disbursement of PPR. The District will disburse PPR to the Network using a schedule agreed upon by both parties. The current schedule is as follows: i. On the first Friday following July 17th 15th of each District fiscal year, twenty-five percent (25%) of the District funding provided for Projected Enrollment as defined by the District on October Count Date 1st of that year shall be disbursed to the Network. It is understood and agreed that this July 15th installment will be remitted only upon the District receiving all of the following: the Network’s approved budget as required by Section 16.A.j of this Contract; Certificate of Occupancy (if changed from the previous year’s submittal); proof of insurance; the Network’s calendar; the Network’s board member roster; Articles of Incorporation and Bylaws (if changed from the previous year’s submittal); contact information; disclosure information using forms supplied by the District; replacement policies for District policies that have been waived by the District Board; and, in each year following the first year of operations, proof of previous year’s pension and COP payments, and fire drill records. The Parties acknowledge that such conditions placed on receipt of funds are authorized under C.R.S § 22-30.5-105(2). ii. Each month thereafter from On October through June15th of each year, the District will remit one month of funding on the first Friday following the 17th twenty-five percent (25%) of the monthfunding provided for Projected Enrollment on October 1st of that year shall be disbursed to the School. It is understood and agreed that the October 15th installment will be remitted only upon the District receiving the following: an emergency plan for the current year and, in each year after the first year of operation, a successfully completed annual audit conducted by an independent auditor using governmental auditing standards and GASB Standards accounting guidelines; the fiscal year-year- end trial balance; and information necessary for an annual review of the Network’s academic, operational, and financial performance in a format agreed to by the District. If a successfully completed financial audit, as required in this paragraph, is not received by September 15th, the October 15th payment, and all subsequent payments due under this Contract, shall be withheld until such time that the Network submits the required audit and trial balance. iii. Beginning with the On January monthly payment15th of each year, twenty-five percent (25%) of the funding will be adjusted to reflect the official pupil membership on October Count Date 1st of that school year and Colorado Department of Education calculation of the District’s per pupil funding payable under this Contract. iv. The remaining state funds adjusted to reflect the official pupil membership on October Count Date 1st of that school year and Colorado Department of Education calculation of the District’s per pupil funding payable under this Contract shall be disbursed following the schedule outlined in this section for the remaining months in the fiscal year after such changes are considered final and approved by the legislature if necessaryon April 15th each year. v. The parties acknowledge that the Charter Schools Act specifically requires the District to pay the Network monthly. The parties agree that they shall continue to operate on a modified payment schedule mutually agreed upon by both parties. The parties also acknowledge that this payment schedule may be modified in the future due to changes in rule or statute or due to requirements from CDE to comply with existing statute. The District agrees to seek input from the District-Charter Collaborative Council on any proposed changes and to notify the Network of any changes to the funding payment schedule by May 1st of the year preceding the change.

Disbursement of PPR. The District will disburse PPR to the Network using a schedule agreed upon by both parties. The current schedule is School as follows: i. On the first Friday following July 17th 15th of each District fiscal year, twenty-five percent (25%) of the District funding provided for Projected Enrollment as defined by the District on October Count Date 1st of that year shall be disbursed to the NetworkSchool. It is understood and agreed that this July 15th installment will be remitted only upon the District receiving all of the following: the NetworkSchool’s approved budget as required by Section 16.A.j 15.A.j of this Contract; Certificate of Occupancy (if changed from the previous year’s submittal); proof of insurance; the NetworkSchool’s calendar; the NetworkSchool’s board member roster; Articles of Incorporation and Bylaws (if changed from the previous year’s submittal); contact information; disclosure information using forms supplied by the District; replacement policies for District policies that have been waived by the District BoardBoard of Education; and, in each year following the first year of operations, proof of previous year’s pension and COP payments, and fire drill records. The Parties acknowledge that such conditions placed on receipt of funds are authorized under C.R.S § 22-30.5-105(2). ii. Each month thereafter from On October through June15th of each year, the District will remit one month of funding on the first Friday following the 17th twenty-five percent (25%) of the monthfunding provided for Projected Enrollment on October 1st of that year shall be disbursed to the School. It is understood and agreed that the October 15th installment will be remitted only upon the District receiving the following: an emergency plan for the current year and, in each year after the first year of operation, a successfully completed annual audit conducted by an independent auditor using governmental auditing standards and GASB Standards accounting guidelines; the fiscal year-end trial balance; and information necessary for an annual review of the NetworkSchool’s academic, operational, and financial performance in a format agreed to by the District. If a successfully completed financial audit, as required in this paragraph, is not received by September 15th, the October 15th payment, and all subsequent payments due under this Contract, shall be withheld until such time that the Network School submits the required audit and trial balance. iii. Beginning with the On January monthly payment15th of each year, twenty-five percent (25%) of the funding will be adjusted to reflect the official pupil membership on October Count Date 1st of that school year and Colorado Department of Education calculation of the District’s per pupil funding payable under this Contract. iv. The remaining state funds adjusted to reflect the official pupil membership on October Count Date 1st of that school year and Colorado Department of Education calculation of the District’s per pupil funding payable under this Contract shall be disbursed following the schedule outlined in this section for the remaining months in the fiscal year after such changes are considered final and approved by the legislature if necessaryon April 15th each year. v. The parties acknowledge that the Charter Schools Act specifically requires the District to pay the Network monthly. The parties agree that they shall continue to operate on a modified payment schedule mutually agreed upon by both parties. The parties also acknowledge that this payment schedule may be modified in the future due to changes in rule or statute or due to requirements from CDE to comply with existing statute. The District agrees to seek input from the District-Charter Collaborative Council on any proposed changes and to notify the Network of any changes to the funding payment schedule by May 1st of the year preceding the change.

Disbursement of PPR. The District will disburse PPR to the Network using a schedule agreed upon by both parties. The current schedule is School as follows: i. 1. On the first Friday following July 17th 15th of each District fiscal year, twenty-five percent (25%) of the District funding provided for Projected Enrollment as defined by the District on October Count Date 1st of that year shall be disbursed to the NetworkSchool. It is understood and agreed that this July 15th installment will be remitted only upon the District receiving all of the following: the NetworkSchool’s approved budget as required by Section 16.A.j 17.J of this Contract; Certificate of Occupancy (if changed from the previous year’s submittal); proof of insurance; the NetworkSchool’s calendar; the NetworkSchool’s board member roster; Articles of Incorporation and Bylaws (if changed from the previous year’s submittal); contact information; disclosure information using forms supplied by the District; replacement policies for District policies that have been waived by the District BoardBoard of Education; and, in each year following the first year of operations, proof of previous year’s pension and COP payments, and fire drill records. The Parties acknowledge that such conditions placed on receipt of funds are authorized under C.R.S § 22-30.5-105(2). ii2. Each month thereafter from On October through June15th of each year, the District will remit one month of funding on the first Friday following the 17th twenty-five percent (25%) of the monthfunding provided for Projected Enrollment on October 1st of that year shall be disbursed to the School. It is understood and agreed that the October 15th installment will be remitted only upon the District receiving the following: an emergency plan for the current year and, in each year after the first year of operation, a successfully completed annual audit conducted by an independent auditor using governmental auditing standards and GASB Standards #34 accounting guidelines; the fiscal year-end trial balance; and information necessary for an annual review of the NetworkSchool’s academic, operational, and financial performance in a format agreed to by the District. If a successfully completed financial audit, as required in this paragraph, is not received by September 15th, the October 15th payment, and all subsequent payments due under this Contract, shall be withheld until such time that the Network School submits the required audit and trial balance. iii. Beginning with the January monthly payment, the funding will be adjusted to reflect the official pupil membership on October Count Date of that school year and Colorado Department of Education calculation of the District’s per pupil funding payable under this Contract. iv3. The remaining state funds adjusted to reflect the official pupil membership on October Count Date 1st of that school year and Colorado Department of Education calculation of the District’s per pupil funding payable under this Contract shall be disbursed following the schedule outlined in this section for the remaining months in the fiscal year after such changes are considered final and approved by the legislature if necessaryon or before January 15th each year. v. The parties acknowledge that the Charter Schools Act specifically requires the District to pay the Network monthly. The parties agree that they shall continue to operate on a modified payment schedule mutually agreed upon by both parties. The parties also acknowledge that this payment schedule may be modified in the future due to changes in rule or statute or due to requirements from CDE to comply with existing statute. The District agrees to seek input from the District-Charter Collaborative Council on any proposed changes and to notify the Network of any changes to the funding payment schedule by May 1st of the year preceding the change.

Disbursement of PPR. The District will disburse PPR to the Network using a schedule agreed upon by both parties. The current schedule is as follows: i. On the first Friday following July 17th 15th of each District fiscal year, twenty-five percent (25%) of the District funding provided for Projected Enrollment as defined by the District on October Count Date 1st of that year shall be disbursed to the Network. It is understood and agreed that this July 15th installment will be remitted only upon the District receiving all of the following: the Network’s approved budget as required by Section 16.A.j of this Contract; Certificate of Occupancy (if changed from the previous year’s submittal); proof of insurance; the Network’s calendar; the Network’s board member roster; Articles of Incorporation and Bylaws (if changed from the previous year’s submittal); contact information; disclosure information using forms supplied by the District; replacement policies for District policies that have been waived by the District Board; and, in each year following the first year of operations, proof of previous year’s pension and COP payments, and fire drill records. The Parties acknowledge that such conditions placed on receipt of funds are authorized under C.R.S § 22-30.5-30.5- 105(2). ii. Each month thereafter from On October through June15th of each year, the District will remit one month of funding on the first Friday following the 17th twenty-five percent (25%) of the monthfunding provided for Projected Enrollment on October 1st of that year shall be disbursed to the School. It is understood and agreed that the October 15th installment will be remitted only upon the District receiving the following: an emergency plan for the current year and, in each year after the first year of operation, a successfully completed annual audit conducted by an independent auditor using governmental auditing standards and GASB Standards accounting guidelines; the fiscal year-end trial balance; and information necessary for an annual review of the Network’s academic, operational, and financial performance in a format agreed to by the District. If a successfully completed financial audit, as required in this paragraph, is not received by September 15th, the October 15th payment, and all subsequent payments due under this Contract, shall be withheld until such time that the Network submits the required audit and trial balance. iii. Beginning with the On January monthly payment15th of each year, twenty-five percent (25%) of the funding will be adjusted to reflect the official pupil membership on October Count Date 1st of that school year and Colorado Department of Education calculation of the District’s per pupil funding payable under this Contract. iv. The remaining state funds adjusted to reflect the official pupil membership on October Count Date 1st of that school year and Colorado Department of Education calculation of the District’s per pupil funding payable under this Contract shall be disbursed following the schedule outlined in this section for the remaining months in the fiscal year after such changes are considered final and approved by the legislature if necessaryon April 15th each year. v. The parties acknowledge that the Charter Schools Act specifically requires the District to pay the Network monthly. The parties agree that they shall continue to operate on a modified payment schedule mutually agreed upon by both parties. The parties also acknowledge that this payment schedule may be modified in the future due to changes in rule or statute or due to requirements from CDE to comply with existing statute. The District agrees to seek input from the District-Charter Collaborative Council on any proposed changes and to notify the Network of any changes to the funding payment schedule by May 1st of the year preceding the change.

Disbursement of PPR. The District will disburse PPR to the Network using a schedule agreed upon by both parties. The current schedule is as follows: i. On the first Friday following July 17th 15th of each District fiscal year, twenty-five percent (25%) of the District funding provided for Projected Enrollment as defined by the District on October Count Date 1st of that year shall be disbursed to the Network. It is understood and agreed that this July 15th installment will be remitted only upon the District receiving all of the following: the Network’s approved budget as required by Section 16.A.j of this Contract; Certificate of Occupancy (if changed from the previous year’s submittal); proof of insurance; the Network’s calendar; the Network’s board member roster; Articles of Incorporation and Bylaws (if changed from the previous year’s submittal); contact information; disclosure information using forms supplied by the District; replacement policies for District policies that have been waived by the District Board; and, in each year following the first year of operations, proof of previous year’s pension and COP payments, and fire drill records. The Parties acknowledge that such conditions placed on receipt of funds are authorized under C.R.S § 22-30.5-105(2). ii. Each month thereafter from On October through June15th of each year, the District will remit one month of funding on the first Friday following the 17th twenty-five percent (25%) of the monthfunding provided for Projected Enrollment on October 1st of that year shall be disbursed to the School. It is understood and agreed that the October 15th installment will be remitted only upon the District receiving the following: an emergency plan for the current year and, in each year after the first year of operation, a successfully completed annual audit conducted by an independent auditor using governmental auditing standards and GASB Standards accounting guidelines; the fiscal year-end trial balance; and information necessary for an annual review of the Network’s academic, operational, and financial performance in a format agreed to by the District. If a successfully completed financial audit, as required in this paragraph, is not received by September 15th, the October 15th payment, and all subsequent payments due under this Contract, shall be withheld until such time that the Network submits the required audit and trial balance. iii. Beginning with the On January monthly payment15th of each year, twenty-five percent (25%) of the funding will be adjusted to reflect the official pupil membership on October Count Date 1st of that school year and Colorado Department of Education calculation of the District’s per pupil funding payable under this Contract. iv. The remaining state funds adjusted to reflect the official pupil membership on October Count Date 1st of that school year and Colorado Department of Education calculation of the District’s per pupil funding payable under this Contract shall be disbursed following the schedule outlined in this section for the remaining months in the fiscal year after such changes are considered final and approved by the legislature if necessaryon April 15th each year. v. The parties acknowledge that the Charter Schools Act specifically requires the District to pay the Network monthly. The parties agree that they shall continue to operate on a modified payment schedule mutually agreed upon by both parties. The parties also acknowledge that this payment schedule may be modified in the future due to changes in rule or statute or due to requirements from CDE to comply with existing statute. The District agrees to seek input from the District-Charter Collaborative Council on any proposed changes and to notify the Network of any changes to the funding payment schedule by May 1st of the year preceding the change.

Disbursement of PPR. The District will disburse PPR to the Network using a schedule agreed upon by both parties. The current schedule is as follows: i. On the first Friday following July 17th of each District fiscal year, twenty-five percent (25%) of the District funding provided for District Projected Enrollment Enrollment, as defined and published by the District on October Count Date district in mid-January of that year the previous year, shall be disbursed to the Network. The District will determine projected enrollment at its sole discretion, but the school shall have the opportunity to review and negotiate the District projected enrollment before the number is finalized. It is understood and agreed that this July installment will be remitted only upon the District receiving all of the following: the Network’s approved budget as required by Section 16.A.j of this Contract; Certificate of Occupancy Occupancy, if in a private facility (if changed from the previous year’s submittal); proof of insuranceinsurance as required in Appendix E; the Network’s calendar; the Network’s board member roster; Articles of Incorporation and Bylaws (if changed from the previous year’s submittal); contact information; disclosure information using forms supplied by the District; replacement policies for District policies that have been waived by the District Board; and, in each year following the first year of operations, proof of previous year’s pension and COP payments, and fire drill records. The Parties acknowledge that such conditions placed on receipt of funds are authorized under C.R.S § 22-30.5-105(2). ii. Each month thereafter from October through June, the District will remit one month of funding on the first Friday following the 17th of the month. It is understood and agreed that the October installment will be remitted only upon the District receiving the following: an emergency plan for the current year and, in each year after the first year of operation, a successfully completed annual audit conducted by an independent auditor using governmental auditing standards and GASB Standards accounting guidelines; the fiscal year-end trial balance; and information necessary for an annual review of the Network’s academic, operational, and financial performance in a format agreed to by the District. If a successfully completed financial audit, as required in this paragraph, is not received by September 15th, the October payment, and all subsequent payments due under this Contract, shall be withheld until such time that the Network submits the required audit and trial balance. iii. Beginning with the January monthly payment, the funding will be adjusted to reflect the official pupil membership on October Count Date of that school year and Colorado Department of Education calculation of the District’s per pupil funding payable under this Contract. iv. The remaining state funds adjusted to reflect the official pupil membership on October Count Date of that school year and Colorado Department of Education calculation of the District’s per pupil funding payable under this Contract shall be disbursed following the schedule outlined in this section for the remaining months in the fiscal year after such changes are considered final and approved by the legislature if necessary. v. The parties acknowledge that the Charter Schools Act specifically requires the District to pay the Network monthly. The parties agree that they shall continue to operate on a modified payment schedule mutually agreed upon by both parties. The parties also acknowledge that this payment schedule may be modified in the future due to changes in rule or statute or due to requirements from CDE to comply with existing statute. The District agrees to seek input from the District-Charter Collaborative Council on any proposed changes and to notify the Network of any changes to the funding payment schedule by May 1st of the year preceding the change.

Disbursement of PPR. The District will disburse PPR to the Network School using a schedule agreed upon by both parties. The current schedule is as follows: i. On the first Friday following July 17th of each District fiscal year, twenty-five percent (25%) of the District funding provided for Projected Enrollment as defined by the District on October Count Date of that year shall be disbursed to the NetworkSchool. It is understood and agreed that this July installment will be remitted only upon the District receiving all of the following: the NetworkSchool’s approved budget as required by Section 16.A.j 17.A.j of this Contract; Certificate of Occupancy (if changed from the previous year’s submittal); proof of insuranceinsurance as required in Appendix E; the NetworkSchool’s calendar; the NetworkSchool’s board member roster; Articles of Incorporation and Bylaws (if changed from the previous year’s submittal); contact information; disclosure information using forms supplied by the District; replacement policies for District policies that have been waived by the District BoardBoard of Education; and, in each year following the first year of operations, proof of previous year’s pension and COP payments, and fire drill records. The Parties acknowledge that such conditions placed on receipt of funds are authorized under C.R.S § 22-30.5-105(2). ii. Each month thereafter from October through June, the District will remit one month of funding on the first Friday following the 17th of the month. It is understood and agreed that the October installment will be remitted only upon the District receiving the following: an emergency plan for the current year and, in each year after the first year of operation, a successfully completed annual audit conducted by an independent auditor using governmental auditing standards and GASB Standards accounting guidelines; the fiscal year-end trial balance; and information necessary for an annual review of the NetworkSchool’s academic, operational, and financial performance in a format agreed to by the District. If a successfully completed financial audit, as required in this paragraph, is not received by September 15th, the October payment, and all subsequent payments due under this Contract, shall be withheld until such time that the Network School submits the required audit and trial balance. iii. Beginning with the January monthly payment, the funding will be adjusted to reflect the official pupil membership on October Count Date of that school year and Colorado Department of Education calculation of the District’s per pupil funding payable under this Contract. iv. The remaining state funds adjusted to reflect the official pupil membership on October Count Date of that school year and Colorado Department of Education calculation of the District’s per pupil funding payable under this Contract shall be disbursed following the schedule outlined in this section for the remaining months in the fiscal year after such changes are considered final and approved by the legislature if necessary. v. The parties acknowledge that the Charter Schools Act specifically requires the District to pay the Network School monthly. The parties agree that they shall continue to operate on a modified payment schedule mutually agreed upon by both parties. The parties also acknowledge that this payment schedule may be modified in the future due to changes in rule or statute or due to requirements from CDE to comply with existing statute. The District agrees to seek input from the District-Charter Collaborative Council on any proposed changes and to notify the Network School of any changes to the funding payment schedule by May 1st of the year preceding the change.