INTEGRITY EDUCATIONAL CENTER

FINANCIAL AND PROGRAMMATIC AUDIT:
K: FINANCIAL CAPACITY
YEAR 1 2011-2012
A start-up year plan with reasonable assessment costs.
Table 1. Year 1 IEC Estimated Funding Model and Categorical Funding Sources
Assumptions 10th 116 Total
Enrollment 93 57 150
Percent Students Who Attend on Average Day 95% 95%
Estimate Average Daily Attendance ( ADA) 88.35 54.15 142.5
General Purpose Funding per ADA $6,380 $6,380 $909,150
Categorical Block Grant per ADA $127 $127 $ 18,098
Lottery Revenue per ADA $128 $128 $ 18,240
Economic Impact Aid per Eligible Student (50% of enrollment) $402.96 $402.96 $ 30,222
High Quality Grant $230,000
Public Charter School Grant ( PCSGP) $175,000
Total Revenue $1,380,710
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