The 21st Century Charter Schools Initiative
The 21st Century Charter Schools Initiative
The 21st Century Charter Schools Initiative
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Operating Budget: Projected Revenues and Expenditures<br />
<strong>The</strong> Advocacy Foundation <strong>Charter</strong> <strong>Schools</strong> <strong>Initiative</strong><br />
<strong>Charter</strong> School: Notes<br />
Pre-Operational<br />
Period Year 1 Year 2 Year 3<br />
FY2010 FY2011 FY2012 FY2013<br />
MAJOR ASSUMPTIONS MAJOR ASSUMPTIONS<br />
A Per Pupil Tuition 10,327 10,327 10,327 A Based on projected rate for New Bedford<br />
2011<br />
B Student Enrollment 0 114 190 228 B Assumes 95% capacity due to attrition<br />
C Facility Size (square footage) 0 11,000 20,000 23,000 C Based on market and site described in Facilities Section<br />
D Cost per square foot 0 4 4 4 D Based on market and site described in Facilities Section<br />
E Staff FTE: (1.0 FTE = 40 hours) E<br />
E1. Administrative (Professional) 0.25 1 1 1 E1. E.D.<br />
E2. Administrative (Support/Clerical) 0.25 1 1 1 E2. Office Manager<br />
E3. Instructional: Teachers 12.5 23 27 E3. Classroom Teachers, SPED Teachers, ELL Teachers (.5 Year 1), Arts/Media Specialists, Associate<br />
E4. Instructional: Other (Professional) 0.5 1.8 2 2.5 Teachers<br />
E4. Principal, DSFS (.8 Year 1), Speech Pathologist (.5 Year<br />
E5. Instructional: Paraprofessionals<br />
3)<br />
E5. N/A<br />
E6. Instructional: Salaries - Support/Clerical<br />
E6. N/A<br />
E7. Other Student Services 0.5 0.5 1.5 E7. Nurse (.5), Counselor (.5 Year 3)<br />
E8. Operation and Maintenance of Plant 1 1 1 E8. Custodian<br />
F Staff FTE: Subtotal: 1 17.8 28.5 34 F<br />
OPERATING REVENUES OPERATING REVENUES<br />
1 Tuition 1,177,278 1,962,130 2,354,556 1<br />
2 Grants - State 100,000 100,000 2 Startup Grant: Targeted area, Extended Day, single $200K grant spent by<br />
12/31/11<br />
3 Grants - Federal 93,000 160,000 192,000 3 Title Grants, Conservative based on MA charters with similar<br />
pop's<br />
4 Grants - Private 25,000 35,000 40,000 4 Grants awarded by private foundations or corporations.<br />
5 Nutrition Funding - State & Federal 52,000 86,640 103,968 5 Meals reimbursed @ $2.7725/Free, $2.3725/Reduced, .3125/Paid. Assumed Population: 60%FR, 15%R,<br />
25%P<br />
6 Program Fees 13,537 22,562 27,075 6 Meal fees from paid and reduced<br />
7 Contributions, in-kind 5,000 5,000 5,000 5,000 7 Office Space Startup Period, Donated furniture and equipment.<br />
8 Contributions, in-cash 10,000 10,000 20,000 35,000 8 Parent Fundraising, Annual Gala (year 2), Individual<br />
Donors<br />
9 Investment Income 5,000 7,000 9,000 9 Income from savings and money market accounts<br />
10 Transportation Reimbursements 10 Buses provided by sending district<br />
11 TOTAL OPERATING REVENUES 115,000 1,480,815 2,298,332 2,766,599 11<br />
OPERATING EXPENDITURES OPERATING EXPENDITURES<br />
Administration Administration (Non-instructional costs)<br />
12 Salaries - Administrative (Professional) 17,000 68,000 70,040 72,141 12 E.D.<br />
13 Salaries - Administrative (Support/Clerical) 11,250 45,000 46,350 47,741 13 Office Manager<br />
14 Accounting-Audit 10,000 25,000 25,000 25,000 14 Accounting Mgmt. Solutions (AMS) fiscal policies and procedures development, indep. Audit<br />
15 Legal 10,000 10,000 10,000 15 Pro bono during pre-op period<br />
16 Payroll 5,000 5,000 5,000 16 HR Knowledge payroll service provider, HR systems support<br />
17 Other Professional Services 17<br />
18 Information Management and Technology 3,000 25,000 15,000 15,000 18 Data management systems, administrative IT supplies and repair<br />
19 Office Supplies and Materials 1,000 10,200 15,600 22,800 19 Estimated @ $600/staff member<br />
20 Professional Development, Administrative/Board 1,000 4,000 5,000 4,000 20 Board/E.D. Professional/Governance Development<br />
21 Dues, Licenses, and Subscriptions 2,000 2,000 2,000 21 MA <strong>Charter</strong> School Association, other subscriptions<br />
22 Fundraising 1,000 4,000 4,000 8,000 22 Fundraising Events, Grant-Writing<br />
23 Recruitment/Advertising 5,000 5,000 5,000 5,000 23 Recruiting/advertising for students, staff, and board members<br />
24 Travel expenses for staff/Board 5,000 10,000 12,000 24 Travel expenses for staff/Board to Expeditionary Learning Institutes and other PD<br />
25 Bank Charges - Current (Short Term) 2,000 3,000 4,500 25 Short-term line of credit to be paid off in 3 mos.<br />
26 Purchased Management Services 26 contract.<br />
27 Other: 27<br />
28 Subtotal: 49,250 210,200 215,990 233,182 28<br />
General Special Genera l Special General Special<br />
Instructional Services Education Education Education Education Education Education Instructional Services<br />
29 Salaries - Teachers 528,000 47,000 1,003,220 96,820 1,182,904 149,587 29 Classroom Teachers, SPED Teachers, ELL Teachers (.5 Year 1), Arts/Media Specialists, Associate Teachers<br />
30 Salaries - Other (Professional) 30,000 65,000 44,000 66,950 56,650 68,958 84,872 30 Principal, DSFS (.8 Year 1), Speech Pathologist (.5 Year 3)<br />
31 Salaries - Paraprofessionals 31<br />
32 Salaries - Support/Clerical 32<br />
33 Contracted Services, Instructional 15,000 30,000 42,000 33 Contracted SPED/Counseling Services 1K/Student (20% SPED pop)<br />
34 Instructional Technology in Classrooms 4,000 1,000 12,000 1,000 16,000 1,000 34 $100/student grades 2-8, Adaptive Software, Assistive Technology<br />
35 Instructional Supplies & Materials 22,800 15,200 7,600 35 Instructional Supplies, $250/student in new grades<br />
36 Testing & Assessment 2,850 15,000 5,000 10,000 7,000 5,000 36 $25/student standardized tests, $5K/new grade sped testing<br />
37 Professional Development, Instructional 8,000 4,000 10,000 5,000 10,000 5,000 37 Non Exped. Learning professional development<br />
38 Dues, Licenses, and Subscriptions 1,000 1,000 1,000 38 Subscriptions to Educational Publications, Licenses to professional development<br />
resources<br />
39 Staff Stipends in addition to base salary 39 Clubs taught by volunteers<br />
40 Purchased Management Services 40 N/A<br />
41 Other: Expeditionary Learning School Support<br />
20,000 65,000 65,000 65,000<br />
41 EL Contract including PD, School Designer on site 3X/month