Common use of State and Local Funds Clause in Contracts

State and Local Funds. The Authorizer shall allocate one hundred percent (100%) of state and local Basic Education Program (BEP) funds to the Charter School on a per pupil expenditure as provided in T.C.A. § 00-00-000 and as calculated by the formula provided by the Tennessee Department of Education. The Authorizer shall allocate funds to the Charter School after each of the ten (10) attendance-reporting intervals. The Authorizer shall allocate and distribute one-tenth of state and local funds to the Charter School by the 15th of the month in August, September, October, November, December, January, February, March, April, and June. Each state and local payment from October through April and the final payment in June LV FRQWLQJHQW RQ WKH &KDUWHU 6FKRRO□V UHSRUWLQJ Daily Membership (ADM) in tKH 7HQQHVVHH 'HSDUWPHQW RI (GXFDWLRQ□ System (EIS). Each payment starting in October will be reconciled to the reported ADM for the SHULRG EHIRUH EHLQJ UHOHDVHG 7KH ILQDO WHQWK SD ADMs have been reconciled. ZI WKH &KDUWHU 6FKRRO LV DGGLQJ D QHZ JUDGH LQ Application and this Agreement, the Charter School shall be funded based on anticipated enrollment in this Agreement, as submitted to the Authorizer for initial budgeting purposes no later than March 15 of each year. Initial payments will be based on this anticipated enrollment, which must be agreed upon by the Authorizer and the Charter School and UHIOHFWHG LQ WKH &KDUWHU 6thFe KupRcoRmOin□g VfiscaDl ySeaSr UbyRJuYnHe G1 of EXGJHW HDFK \HDU 8SRQ FRPSOHWLRQ RI WKH JUDGH H[SDQVLRQ ORFDO IXQGV ZLOO EH DOORFDWHG EDVHG RQ WKH SULRU \ (GXFDWLRQ□V (Z6 V\VwiWthHT.PC.A. § D49Q-3G-351F.

State and Local Funds. The Authorizer shall allocate one hundred percent (100%) of state and local Basic Education Program (BEP) funds to the Charter School on a per pupil expenditure as provided in T.C.A. § 00-00-000 and as calculated by the formula provided by the Tennessee Department of Education. The Authorizer shall allocate funds to the Charter School after each of the ten (10) attendance-reporting intervals. The Authorizer shall allocate and distribute one-tenth of state and local funds to the Charter School by the 15th of the month in August, September, October, November, December, January, February, March, April, and June. Each state and local payment from October through April and the final payment in June LV is FRQWLQJHQW RQ WKH &KDUWHU 6FKRRO□V UHSRUWLQJ Daily Membership (ADM) in tKH 0HPEHUVKLS $'0 LQ WKH 7HQQHVVHH 'HSDUWPHQW RI (GXFDWLRQ□ System (EIS). Each payment starting in October will be reconciled to the reported ADM for the SHULRG EHIRUH EHLQJ UHOHDVHG 7KH ILQDO WHQWK SD ADMs have been reconciled. ZI WKH &KDUWHU 6FKRRO LV DGGLQJ D QHZ JUDGH LQ Application and this Agreement, the Charter School shall be funded based on anticipated enrollment in this Agreement, as submitted to the Authorizer for initial budgeting purposes no later than March 15 of each year. Initial payments will be based on this anticipated enrollment, which must be agreed upon by the Authorizer and the Charter School and UHIOHFWHG LQ WKH &KDUWHU 6thFe KupRcoRmOin6FKRRO□g VfiscaDl ySeaSr UbyRJuYnHe G1 of V DSSURYHG EXGJHW HDFK \HDU 8SRQ FRPSOHWLRQ RI WKH JUDGH H[SDQVLRQ ORFDO IXQGV ZLOO EH DOORFDWHG local funds will be allocDWHG EDVHG RQ WKH SULRU \ \HDU□V $'0 LQ W (GXFDWLRQ□V (Z6 V\VwiWthHT.PC.A. § D49Q-3G-351F.X\XXXX XX-0X-000X.

State and Local Funds. The Authorizer shall allocate one hundred percent (100%) of state and local Basic Education Program (BEP) funds to the Charter School on a per pupil expenditure as provided in T.C.A. § 00-00-000 and as calculated by the formula provided by the Tennessee Department of Education. The Authorizer shall allocate funds to the Charter School after each of the ten (10) attendance-reporting intervals. The Authorizer shall allocate and distribute one-tenth of state and local funds to the Charter School by the 15th of the month in August, September, October, November, December, January, February, March, April, and June. Each state and local payment from October through April and the final payment in June LV FRQWLQJHQW RQ WKH &KDUWHU 6FKRRO□V UHSRUWLQJ Daily Membership (ADM) in tKH 6F6KFRKRRORȇOVȇ VU H$SYRHUUWDLJQHJ ' 0HPEHUVKLS $'0 LQ WKH 7HQQHVVHH 'HSDUWPHQW RI (GXFDWLRQ□ System (EIS). Each payment starting in October will be reconciled to the reported ADM for the SHULRG EHIRUH EHLQJ period before being released. The final (tenth) payment ZLOO QRW EH UHOHDVHG 7KH ILQDO WHQWK SD XQW ADMs have been reconciled. ZI WKH XX XXX &KDUWHU 6FKRRO LV XXXXXX 0XXXXX XX DGGLQJ D QHZ JUDGH LQ Application and this Agreement, the Charter School shall be funded based on anticipated enrollment in this Agreement, as submitted to the Authorizer for initial budgeting purposes no later than March 15 of each year. Initial payments will be based on this anticipated enrollment, which must be agreed upon by the Authorizer and the Charter School and UHIOHFWHG LQ WKH &KDUWHU 6thFe KupRcoRmOin□g VfiscaDl ySeaSr 6FKRROȇV DSSr UbyRJuYnHe G1 of o f EXGJHW HDFK \HDU 8SRQ FRPSOHWLRQ RI WKH JUDGH H[SDQVLRQ ORFDO IXQGV ZLOO EH DOORFDWHG EDVHG RQ WKH SULRU \ (GXFDWLRQ□V GXFDWLRQȇV (Z6 V\VwiWthHT.PC.A. § D49Q-3G-351F.Ζ6 V\VWHP XX-0X-00 0X. XXXXXXXXX XXXX 7 & $

State and Local Funds. The Authorizer shall allocate one hundred percent (100%) of state and local Basic Education Program (BEP) student-generated funds to the Charter School on a per pupil expenditure for member schools as provided in T.C.A. § 00-00-000 and as calculated by the formula provided by the Tennessee Department of Education, in accordance with T.C.A. § 49-3-101 et. seq. The Authorizer shall allocate funds to the Charter School after each of the ten (10) attendance-reporting intervals. The Authorizer shall allocate and distribute one-tenth of state and local funds to the Charter School by the 15th of the month in August, September, October, November, December, January, February, March, April, and June, in accordance with Tenn. Comp. R. & Regs. 0520-14-01-.03. Each state and local payment from October through April and the final payment in June LV FRQWLQJHQW RQ is contingent on WKH &KDUWHU 6FKRRO□V UHSRUWLQJ Daily Membership (ADM) in tKH 6FKRROȇV 6UFHKSRRUOWȇLVQ J$ YRHIU DWJKH '&DKLDOU\W H0UH PEHUV 7HQQHVVHH 'HSDUWPHQW RI (GXFDWLRQ□ System GXFDWLRQȇV (EIS). Each payment GXFDWLRQ ΖQI starting in October will be reconciled to the reported ADM for the SHULRG EHIRUH EHLQJ period before being released. The final (tenth) payment wLOO QRW EH UHOHDVHG 7KH ILQDO WHQWK SD ADMs have been XQWLO WKH \ reconciled. ZI ΖI WKH &KDUWHU 6FKRRO LV DGGLQJ D QHZ JUDGH LQ Application and this Agreement, the Charter School shall be funded based on anticipated enrollment in this Agreement, as submitted to the Authorizer for initial budgeting purposes no later than March 15 of each year. Initial payments will be based on this anticipated enrollment, which must be agreed upon by the Authorizer and the Charter School and UHIOHFWHG LQ WKH &KDUWHU 6thFe KupRcoRmOin□g VfiscaDl ySeaSr UbyRJuYnHe G1 of 6FKRROȇV DSSURYHG EXGJHW HDFK \HDU 8SRQ FRPSOHWLRQ RI WKH JUDGH H[SDQVLRQ ORFDO IXQGV ZLOO EH DOORFDWHG EDVHG RQ WKH EDenVnHesGse e RDeQpa rtWmKenHt o f SULRU \ (GXFDWLRQ□V GXFDWLRQȇV (Z6 V\VwiWthHT.PC.A. § D49Q-3G-351F.Ζ6 V\VWHP DQ-3G-35 1F.

State and Local Funds. The Authorizer shall allocate one hundred percent (100%) of state and local Basic Education Program (BEP) funds to the Charter School on a per pupil expenditure as provided in T.C.A. § 00-00-000 and as calculated by the formula provided by the Tennessee Department of Education. The Authorizer shall allocate funds to the Charter School after each of the ten (10) attendance-reporting intervals. The Authorizer shall allocate and distribute one-tenth of state and local funds to the Charter School by the 15th of the month in August, September, October, November, December, January, February, March, April, and June. Each state and local payment from October through April and the final payment in June LV FRQWLQJHQW RQ WKH &KDUWHU 6FKRRO□V UHSRUWLQJ Daily Membership (ADM) in tKH 6FKRROAȇvVer ageUDHaSilyRUWLQJ 0HPEHUVKLS $'0 LQ WKH 7HQQHVVHH 'HSDUWPHQW RI (GXFDWLRQ□ System (EIS). Each payment starting in October will be reconciled to the reported ADM for the SHULRG EHIRUH EHLQJ period before being released. The final (tenth) payment will not EH UHOHDVHG 7KH ILQDO WHQWK SD XQWLO WK ADMs have been reconciled. ZI WKH XX XXX &KDUWHU 6FKRRO LV XXXXXX 0XXXXX XX DGGLQJ D QHZ JUDGH LQ Application and this Agreement, the Charter School shall be funded based on anticipated enrollment in this Agreement, as submitted to the Authorizer for initial budgeting purposes no later than March February 15 of each year. Initial payments will be based on this anticipated enrollment, which must be agreed upon by the Authorizer and the Charter School and UHIOHFWHG LQ WKH &KDUWHU 6thFe KupRcoRmOin□g VfiscaDl ySeaSr 6FKRROȇV DySeaSr UbyRJuYnHe G1 of o f EXGJHW HDFK \HDU 8SRQ FRPSOHWLRQ RI WKH JUDGH H[SDQVLRQ ORFDO IXQGV ZLOO EH DOORFDWHG EDVHG RQ WKH SULRU \ (GXFDWLRQ□V GXFDWLRQȇV (Z6 V\VwiWthHT.PC.A. § D49Q-3G-351F.Ζ6 X\XXXX XX-0X-00 0X.