Take Back Control Of Your Community:

Morning Joe january 20 2010 New York Turns Down 700 Million Race to the Top Funds John Legend



EDUCATION:



"Teach them all."
 A little-known California law allows a public school to become a privately operated, publicly funded charter school if more than 50 percent of the tenured teachers vote in favor of the switch.






Hypothetical Charter School Annual Operating Budget

Major Assumptions:

Number of students

280

Assuming K-6, 2 classes of 20 per grade

Facility square footage

18,200

Assuming 65 square feet per student

Student:teacher ratio

20:01

Average teacher salary

$ 37,500

REVENUES

State and local foundation aid

$ 1,176,000

Assuming $4,200 per student

State categorical funding

98,000

Assuming $350 per student

Federal categorical funding

98,000

Assuming $350 per student

Grants and fundraising

65,000

Total Revenues

$ 1,437,000

EXPENDITURES

Salaries

Director

$ 65,000

Teachers

525,000

14 teachers at average salary of $37,500

Instructional aides

154,000

7 at $22,000 each

Secretary

24,000

Benefits

Retirement

76,800

Assume state retirement system at 10 percent of salaries

Health

66,240

Assume $240/month per employee

FICA

11,136

Assume Medicare only, exempt from Social Security

Other

19,200

Assume 2.5 percent of salaries for workers' comp, unemployment insurance, and other payroll costs

Books and Supplies

Texts and instructional materials

35,000

Assume $125 per student

Other books

21,000

Assume $75 per student

Software

10,000

Assume 40 computers at $250 each

Classroom paper and supplies

28,000

Assume $100 per student

Office supplies

2,400

Assume $200/month

Janitorial supplies

3,600

Assume $300/month

Services and Contracts

Custodial

12,350

Assume 190 days at $65

Bookeeping & Audit

12,000

Assume $500/month bookeeping, $6,000 audit

Legal

8,000

Assume $6,000 retainer, $2,000 reserve

Liability & property insurance

10,000

Waste disposal

1,800

Assume $150/month

Student testing & assessment

7,000

Assume $25 per student

Staff development

22,500

Assume $1,500/teacher plus director

Special education consultant

56,000

Assume $200 per student average cost

Travel & conferences, board retreat

13,750

Assume $750 per teacher, plus $2,500 board retreat

Internet provider

8,640

Assume 40 accounts at $18/month

Postage

1,440

Assume $120/month

Copier lease

3,000

Assume $250/month

Facilities and Capital

Rent/lease/mortgage

185,640

Assume triple net least at $0.85/square foot

Replace furnishings & equipment

28,000

Assume $100/student

Gas/electric

5,400

Assume $450 per month

Phone

2,400

Assume $200 per month

Security alarm

1,200

Assume $100/ per month

Total Expenditures

1,420,496

Surplus (Deficit)

16,504

Ċ
W. Alexander Hagen,
Jan 4, 2010, 12:07 AM
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