These slides illustrate financial considerations as they pertain to the prospective sponsoring by TVUSD of a charter for Tanque Verde Elementary School.

1. Implications Of A
District-Sponsored
Charter
Provisions Of ARS 15-185

2. Our School District Can Charter TVES
To Increase Overall Funding
 Why?
 The difference between the funding model for traditional public
schools and the one for district-sponsored charter schools
represents a significant funding boost.
 Why TVES?
 Arizona law says you have to have a traditional public school
available at each level (elementary, junior high, high school), so
we’d keep ACES a traditional public school.
 TVES is the larger of our two elementary schools, and would
yield the greatest amount of funding.

3. What ARS 15-185 Establishes
 Send our school board-approved charter,
an application and an estimated student
count to the state board of education to
receive base support level funding plus
“additional assistance” of $1654 per
student.

4. No Big Changes Thanks To Local
Control
All charter policies would be approved by the
same school board
 No changes to educational program
 No changes to employee classification, pay or
benefits

5. A Little Vocabulary Before We
Move On
 SFB: School Facilities Board. This agency used
to provide building renewal funds.
 CORL: Capital Outlay Revenue Limit. Funds for
expenditures outside the classroom, such as tools
and equipment.
 Soft Capital: Funds for school buses and
instructional materials such as textbooks.
 Sudden Growth: Funds for new students not
budgeted at start of current school year

6. Traditional School Funding
 Base Support Level: $3300
 SFB Building Renewal: $0 since 2008
 CORL: $140 last year
(Down from $263 in 2004-05)
 Soft Capital: $33 last year
($0 in 2011-12, down from $226 in 2004-
05)
 Bottom Line: $3473 per student

7. District-Sponsored Charter School
Funding
 Base Support Level $3300
 Additional Assistance $1654
 No SFB, no CORL, no Soft Capital
 No sudden growth funding
 Bottom Line: $4954 per student

8. Comparison Of Bottom Lines
 Traditional Public  District-Sponsored
School Model Charter Model
 $4954
 $3473
Per Student
Per Student

9. Timing: Option 1
 Submit district-sponsored charter and
application before June 30
 Initiate change in time for 2013-14

10. Timing: Option 2
 Submit district-sponsored charter and
application after June 30
 Initiate change in time for 2014-15
 Optimize fiscal year 2013-14 of sudden growth
funding by reaching district capacity of 2100
students
 Then, get funded as a district-sponsored charter school
starting in 2014-15

11. Timing: Option 3
 Submit district-sponsored charter and
application before June 30 and choose not
to declare any new students as charter
students until 2014-15
 This preserves sudden growth funding for next
year while avoiding the risk of legislative changes
which may close the window of opportunity
pending legal review

12. Funding Forecast
 Year 1
 60 new district-sponsored charter students @
$1654
 School funding formulas bring total to $130K
 Year 2
 600 district-sponsored charter students @ $1654
 School funding formulas bring this to $750K-
$900K

13. Conclusion
 Establishing a district-sponsored charter for
Tanque Verde Elementary is a great
financial move once the time is right.
 The time will be right after the district reaches
capacity and receives its final sudden growth
funding.