2007-08 Adopted Plan - Wake County Public School System

Growth RequestsInitiative: Charter SchoolsCurrent Funding Formula:In accordance with § 115C-238.29H...... If a student attends a charter school, the local school administrative unit in which the child resides shalltransfer to the charter school an amount equal to the per pupil local current expense appropriation to the local school administrative unit for thefi scal year. The amount transferred under this subsection that consists of revenue derived from supplemental taxes shall be transferred only to acharter school located in the tax district for which these taxes are levied and in which the student resides.Implementation Timeline & Budget Needed:2006-07 Amount Amount TotalEstimated Expenditures to Charter Schools $ 9,490,516 Estimated Expenditures to Charter Schools $ 121,128 $ 9,611,6442007-08Estimated County Appropriation as of July 1, 2007$300,744,100Estimated fi nes and forfeitures as of July 1, 2007$3,700,000Less: Portion of county appropriation for capital outlay(3,779,301)Estimated current expense county appropriation296,964,799Projected Student MembershipWCPSSCharter Schools136,0864,694140,780Projected Student MembershipWCPSSCharter Schools136,0864,694140,780County Appropriation per Student$ 2,109.42Fines and forfeitures per Student$ 26.28Estimated Expenditures to Charter Schools$ 9,901,639Estimated Expenditures to Charter Schools$ 123,368$ 10,025,007Increase from Previous YearChange due to increase in county appropriationChange due to increase in students2008-09Estimated County Appropriation as of July 1, 2008Less: Portion of county appropriation for capital outlay$ 411,123 Increase from Previous Year$ 2,240 $ 413,363$ 66,686 Change due to increase in fi nes and forfeitures $ 13,337 $ 80,023$ 344,437 Change due to increase in students($ 11,097) $ 333,340$ 411,123 $ 2,240 $ 413,363$332,161,732(7,233,359)Estimated fi nes and forfeitures as of July 1, 2008$3,800,000Estimated current expense county appropriationProjected Student MembershipWCPSSCharter Schools324,928,373144,0354,879148,914Projected Student MembershipWCPSSCharter Schools144,0354,879148,914County Appropriation per Student$ 2,181,99Fines and forfeitures per Student$ 25.52241 FY 2007-08 Plan for Student Success