Financial Management A. Demonstration of Professional...

FINANCIAL PERFORMANCE

Statutory References: 1002.33(7)(a)9; 1002.33(7)(a)10; 1002.33(7)(a)11; 1002.33(9)(g); 1002.33(9)(h) Financial Management A. Demonstration of Professional Competence and Sound Systems in Managing the

Schools Financial Operations

Explain how the charter school implements an effective system of internal controls over revenues, expenses, and fixed assets, and exercises good business practices. Throughout the term of the charter, SunEd High School has consistently demonstrated professional competence and implementation of sound systems in managing the school's financial operations. The Board is responsible for the school’s finances and contracts with an accountant with expertise in financial reporting requirements for Florida schools. Detailed financial statements are prepared on a monthly basis for analysis by the Governing Board. Policies and reporting procedures established by the District and State are followed. B. Adherence to Generally Accepted Accounting Principles Explain how the charter school adheres to general-accepted accounting principles. SunEd High School implements an effective system of internal controls over revenues, expenses, and fixed assets, along with good, sound business practices (see Attachment L - Fixed Assets Report Reconciled with General Ledger). A comprehensive list of checks and balances, approved by the Board and in accordance with charter school finance policies, procedures and internal controls, has been implemented to ensure that the financial resources are properly managed. C. Financial Reporting Requirements Explain how the charter school submits timely and accurate financial information adhering to its financial reporting requirements as defined in the school’s contract. The Board is responsible for the school’s finances and contracts with an accountant independent of school operations with expertise in financial reporting requirements for Florida schools. Detailed financial statements are prepared on a monthly and quarterly basis in accordance with generally accepted accounting principles for analysis by the Governing Board and submission to the District per the school’s contract. Policies and reporting procedures established by the District and State are followed. On an annual basis, the Board contracts with a certified public accountant to perform the annual financial audit which is submitted to the District and the State Auditor General. The school's Governing Board reviews quarterly financial statements and budgets at each of its Board meetings which are public and held on a quarterly basis. SunEd High School utilizes accepted state coding of accounts pursuant to the Financial and Program Cost Accounting and Reporting for Florida Schools in all transactions pertaining to its operations. Each year, the school creates and maintains a budget, which is approved by the Board and reviewed and monitored against actual results on a monthly basis to ascertain that the school is meeting its financial goals. Actual financial results and enrollments are used to project future revenues, expenditures, enrollments, and fund balances. Specific control measures are implemented to monitor these projections.

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Sources of Evidence for this Section Attachment L - Fixed Assets Report Reconciled with General Ledger

FINANCIAL PERFORMANCE

Statutory References: 1002.33(7)(a)10; 1002.33(7)(a)11 Financial Viability: A. Budgeting

Explain how the charter school maintains a balanced budget and a positive cash flow. Each year, the school creates and maintains a budget, which is approved by the Board and reviewed and monitored against actual results on a monthly basis to ascertain that the school is meeting its financial goals. Actual financial results and enrollments are used to project future revenues, expenditures, enrollments, net assets and fund balances. Specific control measures are implemented to monitor these projections. The budget is formally amended annually after the February FEFP Survey Period. B. Financial Obligations Verify that the charter school’s financial obligations are in good standing. SunEd High's financial obligations are in good standing. The 2015-2016 Annual Financial Audit (on file) highlights the following: (1) The assets of the School exceeded its liabilities at June 30, 2016 by $1,838,975 (net position) and (2) At year-end, the School had current assets of $1,821,656. The positive total net asset balance provides evidence the school is in good financial standing. C. Long-Term Financial Planning Provide a detailed explanation for the sound and sustainable long-term financial plan for the charter school. In addition to an annual budget, the school plans and prepares a Projected Budget that spans the length of the charter to ensure the school is sustainable in the long term. The Projected Five-Year Budget for SunEd High School for 2017-2022 is located in Attachment M. The Revenue Estimate Worksheet for 2016-2017 is located in Attachment N. Changes in staffing related to increased enrollment and replacement of computer hardware is provided for in the projections. The School maintains an unrestricted fund balance adequate to maintain operations for several months. Sources of Evidence for this Section Attachment M - Projected Five (5) Year Budget for 2017-2022 Attachment N - Revenue Estimate Worksheet for 2016-2017

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Financial Performance

Attachment L

Fixed Assets Report Reconciled with General

Ledger

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SunEd High School ‐ 5060 Oakland ParkFixed Assets ‐ FY12‐13 and FORWARD

Asset Balance FY1415

6/30/2013 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 FY2013-14 6/30/2014

5100643 · Instruction - Cap Computer Hdwr

09/18/2012 Indian River Tech Down Pmt 80 Computers 44,025.34

10/09/2012 CompUSA Oct Expenditures 63.44

11/20/2012 Best Buy Computer 349.79

11/06/2012 Indian River Tech Computer Supplies 655.98

11/13/2012 CompUSA Misc Mice/Keyboard 30.99

11/30/2012 Office Depot 2 Printers 211.98

12/11/2012 Tiger Direct Copier/Printer 549.97

12/17/2012 Office Depot Printer 99.99


02/11/2013 Tiger Direct Comp Keyboards 219.80

03/02/2013 Indian River Tech 20 Keyboards 319.80


Total 5100643 · Instruction - Cap Computer Hdwr 52,732.07 8,789.00 1,465.00 1,465.00 1,465.00 1,465.00 1,465.00 1,465.00 1,465.00 1,465.00 1,465.00 1,465.00 1,465.00 1,465.00 17,580.00 26,369.00

08/19/2013 Tiger Direct 30 Monitors 4,224.94

10/23/2013 Indian River Tech Computer Purchase 7,025.29

01/24/2014 APlus Interactive Teaching Equipment 2,281.00

Total 5100643 · Instruction - Cap Computer Hdwr 13,531.23 2,255.00 2,255.00 2,255.00

12/12/2014 Indian River Tech Equipment Replacement 7,664.00


12/15/2014 Tiger Direct Monitors 4,399.60

12/15/2014 Tiger Direct Keyboards / Mice 1,049.30


03/31/2015 Indian River Tech Equipment Replacement 809.75

Total 5100643 · Instruction - Cap Computer Hdwr 26,524.16 - -

7300643 · Admin - Capitalized Comp Hdwr

08/13/2012 Costco Copier/Printer for Office 329.99

08/13/2012 Costco HP Printer / Microwave 211.64

08/21/2012 Costco Shredder 107.88

08/31/2012 Costco Printer Rebate (106.00)


08/31/2012 Costco Printer 275.58


Total 7300643 · Admin - Capitalized Comp Hdwr 988.67 165.00 27.00 27.00 27.00 27.00 27.00 27.00 27.00 27.00 27.00 27.00 27.00 27.00 324.00 489.00

TOTAL COMPUTER HARDWARE 93,776.13 8,954.00 1,492.00 1,492.00 1,492.00 1,492.00 1,492.00 1,492.00 1,492.00 1,492.00 1,492.00 1,492.00 1,492.00 3,747.00 20,159.00 29,113.00

10,446.00 11,938.00 13,430.00 14,922.00 16,414.00 17,906.00 19,398.00 20,890.00 22,382.00 23,874.00 25,366.00 29,113.00

First Year Additions ‐ All Capitalized; 3 Year Depreciation / Half Year Convention

Fiscal Year 2013‐14


Accumulated Depreciation HALF YEAR

Current Year Depreciation

Expense

Accumulated Depreciation

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Total 5100643 · Instruction - Cap Computer Hdwr 52,732.07




















Total 7300643 · Admin - Capitalized Comp Hdwr 988.67

TOTAL COMPUTER HARDWARE 93,776.13




Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 FY2014-15 6/30/2015

1,465.00 1,465.00 1,465.00 1,465.00 1,465.00 1,465.00 1,465.00 1,465.00 1,465.00 1,465.00 1,465.00 1,465.00 17,580.00 43,949.00

376.00 376.00 376.00 376.00 376.00 376.00 376.00 376.00 376.00 376.00 376.00 376.00 4,512.00 6,767.00

737.00 737.00 737.00 737.00 737.00 737.00 4,422.00 4,422.00

27.00 27.00 27.00 27.00 27.00 27.00 27.00 27.00 27.00 27.00 27.00 27.00 324.00 813.00

1,868.00 1,868.00 1,868.00 1,868.00 1,868.00 1,868.00 2,605.00 2,605.00 2,605.00 2,605.00 2,605.00 2,605.00 26,838.00 55,951.00


Expense



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1,465.00 1,465.00 1,465.00 1,465.00 1,465.00 1,458.07 - - - - - - 8,783.07 52,732.07

376.00 376.00 376.00 376.00 376.00 376.00 376.00 376.00 376.00 376.00 376.00 376.00 4,512.00 11,279.00

737.00 737.00 737.00 737.00 737.00 737.00 737.00 737.00 737.00 737.00 737.00 737.00 8,844.00 13,266.00

27.00 27.00 27.00 27.00 27.00 40.67 - - - - - - 175.67 988.67

2,605.00 2,605.00 2,605.00 2,605.00 2,605.00 2,611.74 1,113.00 1,113.00 1,113.00 1,113.00 1,113.00 1,113.00 22,314.74 78,265.74


Depreciation Expense


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- - - - - - - - - - - - - 52,732.07

376.00 376.00 376.00 376.00 376.00 372.23 - - - - - - 2,252.23 13,531.23

737.00 737.00 737.00 737.00 737.00 737.00 737.00 737.00 737.00 737.00 737.00 737.00 8,844.00 22,110.00

- - - - - - - - - - - - - 988.67

1,113.00 1,113.00 1,113.00 1,113.00 1,113.00 1,109.23 737.00 737.00 737.00 737.00 737.00 737.00 11,096.23 89,361.97




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- - - - - - - - - - - - - 52,732.07

- - - - - - - - - - - - - 13,531.23

737.00 737.00 737.00 737.00 737.00 729.16 - - - - - - 4,414.16 26,524.16

- - - - - - - - - - - - - 988.67

737.00 737.00 737.00 737.00 737.00 729.16 0.00 0.00 0.00 0.00 0.00 0.00 4,414.16 93,776.13




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Debit Credit Cum Balance 6/30/2013 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 FY2013-14 6/30/2014

5100641 · Instruction - Capitalized FF&E 0.00

08/06/2012 WalMart Folding table + bridge chairs 76.64 76.64

08/11/2012 Sam's Club 4 Student Chairs + 4 Tables 350.86 427.50

08/13/2012 Sam's Club 44 Student Chairs 1,093.84 1,521.34

08/14/2012 Sam's Club Work Table for Career Center 200.50 1,721.84

08/17/2012 Sam's Club 14 Student Chairs 655.99 2,377.83

08/20/2012 Aaron Urban Furniture School Furniture 3,200.00 5,577.83



08/10/2012 WalMart 3 Dell Computers (Pd by Barry; reimb) 1,794.00 9,331.24


08/13/2012 WalMart 1 Dell Computers (Pd by Phil; reimb) 598.00 11,723.24



08/14/2012 WalMart 3 Dell Computers (Pd by Zack; reimb) 1,794.00 14,726.97



08/23/2012 CompUSA 40 Lenovo Computers 18,798.60 38,309.57

08/23/2012 TDBank Wire Transfer for Lenovo 25.00 38,334.57

08/15/2012 CompUSA Wireless Cards for Dells 349.90 38,684.47


08/24/2012 CompUSA Return Surplus Wireless Cards (174.95) 38,824.43

08/17/2012 SoHo Computers Wireless Network Setup 3,299.00 42,123.43

08/31/2012 Access Line Phone Telephones 319.71 42,443.14


09/05/2012 SoHo Computers Supplies for Activation 535.59 43,091.75

09/10/2012 Sam's Club Student Chairs 696.08 43,787.83

09/11/2012 Sam's Club Chairs / Tables (Pd by Phil; reimb) 1,988.94 45,776.77

09/12/2012 Restaurant Supply Bar Stools 444.26 46,221.03


04/11/2013 Office Furniture Supercenter Misc School Furniture 380.00 46,650.63

04/18/2013 Office Systems Warehouse Various School Furniture 1,257.00 47,907.63

Total 5100641 · Instruction - Capitalized FF&E 47,907.63 0.00 47,907.63 7,986.00 1,331.00 1,331.00 1,331.00 1,331.00 1,331.00 1,331.00 1,331.00 1,331.00 1,331.00 1,331.00 1,331.00 1,331.00 15,972.00 23,958.00

7300641 · Admin - Capitalized F F & E 0.008/12/2012 Sam's Club 548.37 548.37 8/20/2012 Aaron Urban Furniture 700.00 1,248.37 8/21/2012 TLC Learning Center 490.00 1,738.37 8/23/2012 Brandsmart Purchase Refrigerator 319.88 2,058.25

8/24/2012 Home Depot Shelving for Lounge Area 52.87 2,111.12

09/21/2012 Lowe's Home Center Purchase Bigger Refrigerator 494.10 2,605.22

09/22/2012 Brandsmart Return Refrigerator (Too Small) 319.88 2,285.34

03/06/2013 Phil Neiss REIM 2 Bookcases 135.66 2,421.00

Total 7300641 · Admin - Capitalized F F & E 2,740.88 319.88 2,421.00 404.00 67.00 67.00 67.00 67.00 67.00 67.00 67.00 67.00 67.00 67.00 67.00 67.00 804.00 1,208.00

TOTAL FURNITURE FIXTURES & EQUIPMENT 50,648.51 319.88 50,328.63 8,390.00 1,398.00 1,398.00 1,398.00 1,398.00 1,398.00 1,398.00 1,398.00 1,398.00 1,398.00 1,398.00 1,398.00 1,398.00 16,776.00 25,166.00

Cumulative 9,788.00 11,186.00 12,584.00 13,982.00 15,380.00 16,778.00 18,176.00 19,574.00 20,972.00 22,370.00 23,768.00 25,166.00 -





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Debit Credit Cum Balance

































Total 5100641 · Instruction - Capitalized FF&E 47,907.63 0.00 47,907.63






Total 7300641 · Admin - Capitalized F F & E 2,740.88 319.88 2,421.00

TOTAL FURNITURE FIXTURES & EQUIPMENT 50,648.51 319.88 50,328.63

Cumulative



1,331.00 1,331.00 1,331.00 1,331.00 1,331.00 1,331.00 1,331.00 1,331.00 1,331.00 1,331.00 1,331.00 1,331.00 15,972.00 39,930.00

67.00 67.00 67.00 67.00 67.00 67.00 67.00 67.00 67.00 67.00 67.00 67.00 804.00 2,012.00

1,398.00 1,398.00 1,398.00 1,398.00 1,398.00 1,398.00 1,398.00 1,398.00 1,398.00 1,398.00 1,398.00 1,398.00 16,776.00 41,942.00

26,564.00 27,962.00 29,360.00 30,758.00 32,156.00 33,554.00 34,952.00 36,350.00 37,748.00 39,146.00 40,544.00 41,942.00 -




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Debit Credit Cum Balance

































Total 5100641 · Instruction - Capitalized FF&E 47,907.63 0.00 47,907.63






Total 7300641 · Admin - Capitalized F F & E 2,740.88 319.88 2,421.00

TOTAL FURNITURE FIXTURES & EQUIPMENT 50,648.51 319.88 50,328.63

Cumulative



1,331.00 1,331.00 1,331.00 1,331.00 1,331.00 1,322.63 - - - - - - 7,977.63 47,907.63

67.00 67.00 67.00 67.00 67.00 74.00 - - - - - - 409.00 2,421.00

1,398.00 1,398.00 1,398.00 1,398.00 1,398.00 1,396.63 - - - - - - 8,386.63 50,328.63




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Debit Cum LI Balance

1330000 · Leasehold Improvements 0.00

04/26/2013Preferred Signs Inc. (Outside Building Sign) 4,967.17 4,967.17

09/30/2014 AC Guy (AC Unit) 26,000.00 26,000.00

07/28/2015Spadaro Mechanical (Ductwork Replacement) 3,500.00 3,500.00

Total @ 06/30/16 34,467.17 34,467.17

Cumulative Balance

First Year Additions ‐ All Capitalized; Amortized over Remaining Lease / Half

Amortized over Remaining Life of Lease ‐ April 2013 thru June 2017 (56 Months)

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SunEd High School ‐ 5060 Oakland PaFixed Assets ‐ FY12‐13 and FORWARD

1330000 · Leasehold Improvements

04/26/2013Preferred Signs Inc. (Outside Building Sign)

09/30/2014 AC Guy (AC Unit)

07/28/2015Spadaro Mechanical (Ductwork Replacement)

Total @ 06/30/16

Cumulative Balance



6/30/2013 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 FY2013-14 6/30/2014

710.00 89.00 89.00 89.00 89.00 89.00 89.00 89.00 89.00 89.00 89.00 89.00 89.00 1,068.00 1,778.00

- - -

- - -

710.00 89.00 89.00 89.00 89.00 89.00 89.00 89.00 89.00 89.00 89.00 89.00 89.00 1,068.00 1,778.00

799.00 888.00 977.00 1,066.00 1,155.00 1,244.00 1,333.00 1,422.00 1,511.00 1,600.00 1,689.00 1,778.00 -



Expense



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Total @ 06/30/16

Cumulative Balance




89.00 89.00 89.00 89.00 89.00 89.00 89.00 89.00 89.00 89.00 89.00 89.00 1,068.00 2,846.00

857.00 867.00 867.00 867.00 867.00 867.00 5,192.00 5,192.00

- -

89.00 89.00 89.00 89.00 89.00 89.00 946.00 956.00 956.00 956.00 956.00 956.00 6,260.00 8,038.00

1,867.00 1,956.00 2,045.00 2,134.00 2,223.00 2,312.00 3,258.00 4,214.00 5,170.00 6,126.00 7,082.00 8,038.00 -


Expense



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Total @ 06/30/16

Cumulative Balance




89.00 89.00 89.00 89.00 89.00 89.00 89.00 89.00 89.00 89.00 89.00 89.00 1,068.00 3,914.00

867.00 867.00 867.00 867.00 867.00 867.00 867.00 867.00 867.00 867.00 867.00 867.00 10,404.00 15,596.00

146.00 146.00 146.00 146.00 146.00 146.00 146.00 146.00 146.00 146.00 146.00 144.00 1,750.00 1,750.00

1,102.00 1,102.00 1,102.00 1,102.00 1,102.00 1,102.00 1,102.00 1,102.00 1,102.00 1,102.00 1,102.00 1,100.00 13,222.00 21,260.00

9,140.00 10,242.00 11,344.00 12,446.00 13,548.00 14,650.00 15,752.00 16,854.00 17,956.00 19,058.00 20,160.00 21,260.00 -



Expense


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Total @ 06/30/16

Cumulative Balance




89.00 89.00 89.00 89.00 89.00 89.00 89.00 89.00 89.00 89.00 89.00 74.17 1,053.17 4,967.17

867.00 867.00 867.00 867.00 867.00 867.00 867.00 867.00 867.00 867.00 867.00 867.00 10,404.00 26,000.00

146.00 146.00 146.00 146.00 146.00 146.00 146.00 146.00 146.00 146.00 146.00 144.00 1,750.00 3,500.00

1,102.00 1,102.00 1,102.00 1,102.00 1,102.00 1,102.00 1,102.00 1,102.00 1,102.00 1,102.00 1,102.00 1,085.17 13,207.17 34,467.17

22,362.00 23,464.00 24,566.00 25,668.00 26,770.00 27,872.00 28,974.00 30,076.00 31,178.00 32,280.00 33,382.00 34,467.17 ‐ -

END of LEA

SE / END of C

ONTR

ACT

Proof ---> sb Zero ---> " - "


Expense



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Attachment M

Projected Five Year Budget for 2017-2022

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350 350 375 400 400 400 Income Students Students Students Students Students Students

3000000 · Revenue3300000 · Revenue from State Sources 6,343.00 6,470.00 6,599.00 6,731.00 6,866.00 7,003.00

3310000 · FEFP - FL Educ Finance Program 2,220,000$ 2,265,000$ 2,475,000$ 2,692,000$ 2,746,000$ 2,800,000$

3397000 · Capital Outlay Funding 70,000 50,000 50,000 50,000 54,000 55,000

Total Income 2,290,000 2,315,000 2,525,000 2,742,000 2,800,000 2,855,000

Expense

5100000 · Instruction 620,000 648,000 720,000 795,000 830,000 865,000

6000000 · Instructional Support Services 58,000 60,000 67,000 73,000 75,000 80,000

7100000 · Board Expenses 50,000 55,000 60,000 65,000 65,000 70,000

7300000 · School Administration 725,000 745,000 796,000 850,000 880,000 910,000

7800000 · Transportation Services 90,000 90,000 92,000 94,000 95,000 95,000

7900000 · Operation of Plant 400,000 427,000 450,000 475,000 500,000 520,000

8100000 · Repairs and Maintenance 35,000 35,000 35,000 25,000 15,000 15,000

Total Expense 1,978,000 2,060,000 2,220,000 2,377,000 2,460,000 2,555,000

Net Revenue 312,000$ 255,000$ 305,000$ 365,000$ 340,000$ 300,000$

Net Income 312,000 255,000 305,000.00 365,000.00 340,000.00 300,000.00

SunEd High School MSID 5060

FY1617 Budget

FY1718 Budget

FY1819 Budget

FY1920 Budget

FY2021 Budget

FY2122 Budget

SunEd OP - 5Yr Budget Projections 12/10/2016 Page 1 of 1

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Attachment N

Revenue Estimate Worksheet for 2016-2017

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FY17 - FEFP Estimator from FDOE Website 12071612/7/2016 3:43 PM

2016-17 Weighted FTE Base Funding

(2) x (3) (WFTE x BSA x DCD) (4) (5)

0.0000 -$ 0.0000 -$ 0.0000 -$ 0.0000 -$

283.2129 1,208,881$ 29.7397 126,943$ 0.0000 -$ 0.0000 -$ 0.0000 -$ 0.0000 -$ 0.0000 -$ 0.0000 -$ 0.0000 -$ 0.0000 -$

15.0086 64,064$ 0.0000 -$

327.9612 1,399,888$

2016-17 Base Funding

(WFTE x BSA x DCD)

-$

-$

-$

-$

-$

-$ 0.0000 -$

327.9612 1,399,888$

Grade LevelMatrix Level

Guarantee Per Student

PK-3 251 1,058$ -$ PK-3 252 3,418$ -$ PK-3 253 6,974$ -$ 4-8 251 1,187$ -$ 4-8 252 3,546$ -$ 4-8 253 7,102$ -$

9-12 251 845$ 18,825$ 9-12 252 3,204$ 23,812$ 9-12 253 6,760$ -$

42,637$

325.21 ÷ District's Total UFTE:=

327.96 ÷ District's Total WFTE:=

Additional FTE (a)

Number of FTECharter schools should contact their school district sponsor regarding eligible FTE.

Please note that “Number of FTE” is NOT equivalent to number of students enrolled in these courses or programs. Please refer to footnote (a) below.

3A. Divide school's Unweighted FTE (UFTE) total computed in Section 1, cell C27 above by the district's total UFTE to obtain school's

0.1202%

1.1941.001

0.1120%

UFTE share. Charter School UFTE:

WFTE share. Charter School WFTE: 3B. Divide school's Weighted FTE (WFTE) total computed in Section 1, cell E37 above by the district's total WFTE to obtain school's

325.21

Total FTE with ESE Services

Program Cost Factor(3)(1)

Number of FTE(2)

1. 2016-17 FEFP State and Local FundingDistrict Cost Differential 1.0259Base Student Allocation

School District: Based on the 2016-17 FEFP Second Calculation

$4,160.71

Revenue Estimate Worksheet for SunEd High School (5060)

Broward

255 ESE Level 5 (Grade Level 4-8)

300 Career Education (Grades 9-12)

3.6075.3765.376

12.57

1.1941.194

1.1031.1031.0001.0001.0011.001

282.93

254 ESE Level 4 (Grade Level PK-3 )113 Basic 9-12 with ESE Services 29.71

Totals

255 ESE Level 5 (Grade Level 9-12)130 ESOL (Grade Level PK-3)130 ESOL (Grade Level 4-8)130 ESOL (Grade Level 9-12)

254 ESE Level 4 (Grade Level 4-8)254 ESE Level 4 (Grade Level 9-12)255 ESE Level 5 (Grade Level PK-3 )

3.6073.607

5.376

101 Basic K-3111 Basic K-3 with ESE Services102 Basic 4-8112 Basic 4-8 with ESE Services103 Basic 9-12

Total ESE Guarantee

22.287.43

Industry Certified Career Education

Early High School Graduation

FTE

Total Funded Weighted FTE

Total Additional FTE

2. ESE Guaranteed Allocation:

29.71

Total Base Funding

Additional Base Funds

Advanced International Certificate

Additional Funding from the ESE Guaranteed Allocation. Enter the FTE from 111,112 and 113 by grade and matrix level. Students who do not have a matrix level should be considered 251. This total should equal all FTE from programs 111, 112 and 113 above.

Program

Letters in Parentheses Refer to Notes at Bottom of Worksheet:

270,511.90

292,787.44

Advanced Placement

Small District ESE Supplement

International Baccalaureate

1

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(b) 54,817,014 x 0.1202% 65,901$ (d) -$

Charter schools on the list of 300 lowest performing elementary schools should contact their school district sponsor to obtain additional fun

(b) 0 x 0.1202% -$

(b)(e) 4,739,980 x 0.1202% -$

(b) 5,897,465 x 0.1202% 7,090$

(b) 20,719,043 x 0.1202% 24,908$ (f) -$

-$ Charter schools should contact their school district sponsor regarding eligibility and distribution of ESE Applications funds.

(c) 0 x 0.1120% -$

(c) 0 x 0.1120% -$

(c) 12,109,731 x 0.1120% 13,564$

(c) 128,395,441 x 0.1120% 143,816$

(c) (541,438) x 0.1120% 606-$

(c) 0 x 0.1120% -$

PK - 3 0.0000 1,321.49 = 04-8 0.0000 901.39 = 0

9-12 327.9612 903.56 = 304,008

Total * 327.9612 304,006$

(g) x 371 71,789$ x 1,379 -$

(h)Impact Aide

Student Allocation Total

$0.00 -$ $0.00 -$ $0.00 -$

-$

(i) -$

(j) -$

2,072,993$

(k)-$

1.0259

12. Discretionary Local Effort (WFTE share)

X DCD X

9. Declining Enrollment (WFTE share)

Dual Enrollment Instructional Materials Allocation

(e) The Digital Classroom Allocation is provided pursuant to s. 1011.62(12), F.S., and requires that charter schools submit a digital classrooms plan to their school district for approval by the Department of Education prior to distribution of funds.

(*Total FTE should equal total in Section 1, column (4) and should not include any additional FTE from Section 1.)

Allocation factors

Total Class Size Reduction Funds

1.02591.0259

Weighted FTE (not including Add-On)15. Class Size Reduction Funds:

Enter All Adjusted ESE Riders

16. Student Transportation

13. Proration to Funds Available (WFTE share)

14. Discretionary Lottery (WFTE share)

ESE Applications Allocation:

300 Lowest Performing Schools Allocation

11. Reading Allocation (WFTE share)

18. Florida Teachers Classroom Supply Assistance Program

(a) Additional FTE includes FTE earned through Advanced Placement, International Baccalaureate, Advanced International Certificate of Education, Industry Certified Career Education (CAPE), Early High School Graduation and the small district ESE Supplement, pursuant to s. 1011.62(1)(l-p), F.S.

193.5

Impact Aid Student Type Number of Students

17. Federally Connected Student Supplement

19. Food Service Allocation

Military and Indian Lands

(b) District allocations multiplied by percentage from item 3A.

10. Sparsity Supplement (WFTE share)

Civilians on Federal Lands

Enter All Adjusted Fundable Riders

$0.00$0.00

NOTES:

If you have more than a 75% ESE student population, please place a 1 in the following box:20. Funding for the purpose of calculating the administrative fee for ESE charter schools.

(f) School districts are required to pay for instructional materials used for the instruction of public high school students who are earning credit toward high school graduation under the dual enrollment program as provided in s. 1011.62(1)(i), F.S.

(c) District allocations multiplied by percentage from item 3B.

Total

(g) Numbers entered here will be multiplied by the district level transportation funding per rider. "All Adjusted Fundable Riders" should include both basic and ESE Riders. "All Adjusted ESE Riders" should include only ESE Riders.

5. Discretionary Millage Compression Allocation

4. Supplemental Academic Instruction (UFTE share)

.748 Mills (UFTE share)

Students with DisabilitiesTotal

8. Instructional Materials Allocation (UFTE share)

6. Digital Classrooms Allocation (UFTE share)

7. Safe Schools Allocation (UFTE share)

(d) Additional funds are provided within the Supplemental Academic Instruction Allocation to support an additional hour of reading instruction in the 300 lowest performing elementary schools pursuant to s. 1011.62(1)(f),F.S. Charter schools that are on the list of 300 lowest performing elementary schools ould consult their district sponsor to obtain these additional funds.

Exempt Property Allocation

2

SunEd High/5060

179


(h) The Federally Connected Student Supplement provides additional funding for students on federal lands that receive Section 8003 impact aide pursuant to s. 1011.62(13), F.S.

(j) Funding based on student eligibility and meals provided, if participating in the National School Lunch Program.

Revenues flow to districts from state sources and from county tax collectors on various distribution schedules.

Administrative fees charged by the school district pursuant to s. 1002.33(20)(a), F.S., shall be calculated based upon 5% of available funds from the FEFP and categorical funding for which charter students may be eligible. For charter schools with a population of 251 or more students the difference in the fee calculation and the fee withheld may only be used for capital outlay purposes specified in s. 1013.62(3), F.S. To calculate the administrative fee to be withheld for schools with more than 250 students, divide the school population into 250. Multiply that fraction times the funds available, then times 5%.

(k) Consistent with s. 1002.33(20)(a), F.S., for charter schools with a population of 75% or more ESE students, the administrative fee shall be calculated based on unweighted full-time equivalent students.

(i) Teacher Classroom Supply Assistance Program allocation pursuant to s. 1012.71, F.S., for certified teachers employed by a public school district or public charter school before September 1 of each year whose full-time or job-share responsibility is the classroom instruction of students in prekindergarten through grade 12, including full-time media specialists and certified school counselors serving students in prekindergarten through grade 12, who are funded through the FEFP.

FEFP and categorical funding are recalculated during the year to reflect the revised number of full-time equivalent students reported during the survey periods designated by the Commissioner of Education.

For high performing charter schools, administrative fees charged by the school district shall be calculated based upon 2% of available funds from the FEFP and categorical funding for which charter students may be eligible. For charter schools with a population of 251 or more students the difference in the fee calculation and the fee withheld may only be used for capital outlay purposes specified in s. 1013.62(3), F.S. To calculate the administrative fee to be withheld for schools with more than 250 students, divide the school population into 250. Multiply that fraction times the funds available, then times 2%.

Administrative fees:

Other:

3

SunEd High/5060

180

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