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INTEGRITY EDUCATIONAL CENTER

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K: FINANCIAL CAPACITY<br />

YEAR 3 2013-2014<br />

Table 7. Year 3 IEC Estimated Funding Model and Categorical Funding Sources<br />

Assumptions 10" 11" 12" Total<br />

Enrollment 90 90 145 325<br />

Percent Students Who Attend on Average Day 95% 95% 95%<br />

Estimate Average Daily Attendance ( ADA) 85.5 85.5 137.75 308.75<br />

General Purpose Funding per ADA $6,380 $6,380 $6,380 $ 1,969,825<br />

Categorical Block Grant per ADA $127 $127 $127 $ 39,211<br />

Lottery Revenue per ADA $128 $128 $128 $ 39,520<br />

Economic Impact Aid per Eligible Student (50% of enrollment) $402.96 $402.96 $402.96 $ 65,481<br />

Public Charter School Grant ( PCSGP) $ 175,000<br />

Total Revenue $ 2,289,037<br />

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