To: All Charter Holders and Charter Operators:
On May 15, 2015, charters were notified of a change in legislation which modified how small school weights are determined. The information included in this e-mail is also available in a School Finance Hot Topics Item, which is available at: http://www.azed.gov/finance/2015/05/15/8159/.
As of June 9th, 2015, only 35% of charters have completed the “Charter Small School Weight FY16 Statement of Assurance”, which must be completed for every state sponsored charter, whether the charter is a part of a “Charter Network” or not. Please see “SSW Statement of Assurance Status.xlsx, available at “Hot Topics” link, for a listing of charters and Statement of Assurance Status.
As indicated in a May 15th e-mail distributed to charters and also in the Small School Weight Hot Topics item, Charter Small School Weights FY16, the Statement must be completed no later than June 15, 2015, to insure that the August 1st, 2015 apportionment of state aid is based on small school weights, if otherwise eligible. The completed statement of assurances will be used to determine student count weights for all charters.
In order to insure that payments of state aid comply with new legislation and to prevent over-payments which would result in reductions to subsequent payments, charters for which a “Charter Small School Weight FY16 Statement of Assurance” has not been completed by June 15, 2015, will be funded based on student count weights of 1.158 for kindergarten and grades 1-8 and 1.268 for grades 9-12 until the statement of assurance has been submitted.
If the statement of assurance is submitted after fiscal year 2015-2016 state aid payments have be made, adjustments to subsequent payments will be made based on submitted statement.
Should the Attorney General’s office issue an opinion on the legislative amendments to charter small school weights prior to the completion of the August 1st, 2015 payment, the August 1 payment will be made to reflect the opinion as best possible.
Please e-mail SchoolFinance@azed.gov with questions.