ERIC Number: ED467658
Record Type: Non-Journal
Publication Date: 2000-Oct
Reference Count: N/A
Are Charter Schools Getting More Money into the Classroom? A Micro-Financial Analysis of First Year Charter Schools in Massachusetts.
Herdman, Paul; Millot, Marc Dean
This report examines the first-year finances of Massachusetts' first 15 charter schools. Analysis of the financial statements of these schools offers insights into how their boards of trustees allocated funds as they tried to meet academic goals and survive as new organizations. Revenue and expenditure patterns were compared with national district norms. The report builds on a prior study that examined the capacity of the different types of charter applicants and the factors that limited their ability to operate an independent public school. The present report looks at the same 15 schools but focuses on the financial issues associated with the challenges of finding appropriate sources of technical assistance, facilities, and startup financing. The data reveal that most schools relied heavily on state funding (89 percent on average). Few of the schools received government grants, and about one-third of them were able to raise sizable private contributions. The findings suggest that charter-school founders should pattern their budgets after independent schools rather than traditional public schools. Like private schools, charter schools are enrollment-driven and so should avoid becoming overreliant on unpredictable per-pupil expenditures. When compared with national norms, the charter schools' expenditure patterns were on par with national district averages. (Contains 36 references.) (RJM)
Descriptors: Charter Schools, Educational Administration, Educational Finance, Educational Policy, Elementary Secondary Education, Financial Needs, Financial Policy, Nontraditional Education, School Accounting
Center on Reinventing Public Education, Daniel J. Evans Schools of Public Affairs, University of Washington, Box 353060, Seattle, WA 98195-3060. Tel: 206-685-2214; Fax: 206-221-7402. For full text: http://www.crpe.org/Publications/downloads/CSF_report.pdf.
Publication Type: Reports - Research
Education Level: N/A
Sponsor: George Gund Foundation, Cleveland, OH.
Authoring Institution: Washington Univ., Seattle. Center on Reinventing Public Education.
Identifiers - Location: Massachusetts