The amount varies from district to district and depends on a number of factors including enrollment patterns and local wage rates. This minimum requirement is referred to as a district s foundation budget. If a district spends more or less than the minimum amount required, it is said to be above or below foundation. If a student attending a charter school resides in a district that is below foundation, the charter school will receive the average cost per student in the sending district. The third and fourth quarter payments will be based on the actual enrollment data.
Many independent schools rely on fees to supplement tuition revenue.
Charter schools cannot charge tuition, but they may be able to charge fees for special activities such as athletics or field trips. Charter schools may also collect fees from sources other than students, for example, organizations that rent the school building at night or on weekends. Raising money from private sources is common and is often the only way a charter school can offer programs and enrichment activities beyond the traditional school hours and school year. Individuals and organizations, especially those in the geographic area where the school is located, that are interested in or are advocates for the school s mission are often the best sources for grants and contributions. An active board of trustees that understands the critical role of fundraising in supporting the school s mission is a tremendous asset.