Accelerated Foundation School Program (FSP) Payment Schedule for Charter Schools

Word Version

ACTION REQUESTED

 July 6, 2015

TO THE ADMINISTRATOR ADDRESSED:

Subject: Accelerated Foundation School Program (FSP) Payment Schedule for Charter Schools

 

House Bill (HB) 2251 enacted by the 84th Texas Legislature provides charter schools that have experienced a 10% or greater growth in enrollment with the option of an accelerated FSP payment schedule beginning in the 2015–2016 school year. Sample charter school payment schedules showing both regular (Payment Class 4) and accelerated (Payment Class 5) payments are on the next page. 

Also attached is a list of eligible charter schools. Under HB 2251, eligibility for the 2015–2016 school year was determined by comparing enrollment for the 2014–2015 school year to enrollment for the 2013–2014 school year. Beginning with the 2016–2017 school year, eligibility will be determined by comparing a charter school’s first day enrollment with the prior year enrollment.

Eligible charter schools that choose the accelerated option will receive payments in accordance with this schedule for a minimum of three years and may reestablish eligibility every three years.

If your charter school is eligible (on the attached list) and you would like for payments to be made according to this accelerated payment schedule, your district must submit a letter from the superintendent in a portable document format (PDF) to the FSP charter school administrator through email at nora.rainey@tea.texas.gov by September 1, 2015.

A payment calculator is also available in the Charter School Estimate of State Aid Template on our website at http://tea.texas.gov/Finance_and_Grants/State_Funding/Charter_School_Funding/Charter__School_State_Funding_Worksheets/.   

If you have any questions about the new accelerated payment schedule please contact Nora Rainey by phone at (512) 463-7298 or by email at nora.rainey@tea.texas.gov.

 

Sincerely,

Amanda Brownson, Director
State Funding Division


CHARTER SCHOOL PAYMENT SCHEDULES

 

Payment Class 4 (regular)

Payment Class 5 (accelerated)

Payment Month

% of Annual Allotment

%     Remaining

% of Unpaid Balance

Payment Month

% of Annual Allotment

%    Remaining

% of Unpaid Balance

September

8.3

100

8.3

September

            22

100

22

October

8.3

91.7

9.1

October

18

78

23.1

November

8.4

83.4

10.1

November

9.5

60

15.8

December

8.3

75

11.1

December

4

50.5

7.9

January

8.3

66.7

12.4

January

4

46.5

8.6

February

8.4

58.4

14.4

February

4

42.5

9.4

March

8.3

50

16.6

March

4

38.5

10.4

April

8.3

41.7

19.9

April

7.5

34.5

21.7

May

8.4

33.4

25.1

May

5

27

18.5

June

8.3

25

33.2

June

7

22

31.8

July

8.3

16.7

49.7

July

7

15

46.7

August

8.4

8.4

100

August

8

8

100

         

 

  

 

2015-2016 CHARTER SCHOOLS

ELIGIBLE FOR ACCELERATED  PAYMENT SCHEDULE

CDN

CHARTER NAME

057832

ALPHA CHARTER SCHOOL

101803

ARISTOI CLASSICAL ACADEMY

227825

AUSTIN ACHIEVE PUBLIC SCHOOLS

227821

AUSTIN DISCOVERY SCHOOL

015834

BASIS TEXAS

101847

BEATRICE MAYES INSTITUTE CHARTER SCHOOL

193801

BIG SPRINGS CHARTER SCHOOL

123807

BOB HOPE SCHOOL

213801

BRAZOS RIVER CHARTER SCHOOL

015830

BROOKS ACADEMY OF SCIENCE AND ENGINEERING

101869

C O R E ACADEMY

227817

CEDARS INTERNATIONAL ACADEMY

057841

CITISCAPE SCHOOLS

068802

COMPASS ACADEMY CHARTER SCHOOL

212801

CUMBERLAND ACADEMY

101856

DRAW ACADEMY

057833

EDUCATION CENTER INTERNATIONAL ACADEMY

015836

ELEANOR KOLITZ HEBREW LANGUAGE ACADEMY

057834

EVOLUTION ACADEMY

101811

EXCEL ACADEMY

108809

EXCELLENCE IN LEADERSHIP ACADEMY

101804

GEORGE I SANCHEZ CHARTER

101866

GLOBAL LEARNING VILLAGE

057835

GOLDEN RULE CHARTER SCHOOL

227816

HARMONY SCIENCE ACAD (AUSTIN)

101846

HARMONY SCIENCE ACAD (HOUSTON)

015828

HARMONY SCIENCE ACAD (SAN ANTONIO)

161807

HARMONY SCIENCE ACAD (WACO)

101828

HOUSTON GATEWAY ACADEMY, INC.

101829

HOUSTON HEIGHTS LEARNING ACADEMY INC

108807

IDEA PUBLIC SCHOOLS

057848

INTERNATIONAL LEADERSHIP OF TEXAS (ILT)

015808

JOHN H WOOD JR PUBLIC CHARTER DISTRICT

015822

JUBILEE ACADEMIC CENTER

227820

KIPP AUSTIN PUBLIC SCHOOLS

057837

KIPP DALLAS-FORT WORTH

 

2015-2016 CHARTER SCHOOLS

ELIGIBLE FOR ACCELERATED PAYMENT SCHEDULE

CDN

CHARTER NAME

015826

KIPP SAN ANTONIO

101813

KIPP, INC CHARTER

061804

LEADERSHIP PREP SCHOOL

057846

LEGACY PREPARATORY

057844

MANARA ACADEMY

101855

MEYERPARK ELEMENTARY

220817

NEWMAN INTERNATIONAL ACADEMY OF ARLINGTON

057809

NOVA ACADEMY (OAK CLIFF)

003801

PINEYWOODS COMMUNITY ACADEMY

015801

POR VIDA ACADEMY

084805

PREMIER LEARNING ACADEMY

234801

RANCH ACADEMY

101861

RHODES SCHOOL, THE

014801

RICHARD MILBURN ALTER HIGH SCHOOL (KILLEEN)

015807

SOUTHWEST PREPARATORY SCHOOL

101859

STEP CHARTER SCHOOL

221801

TEXAS COLLEGE PREPARATORY ACADEMIES

227805

TEXAS EMPOWERMENT ACADEMY

226801

TEXAS LEADERSHIP

105802

TEXAS PREPARATORY SCHOOL

101868

THE PRO-VISION ACADEMY

046802

TRINITY CHARTER SCHOOL

057808

UNIVERSAL ACADEMY

057803

UPLIFT EDUCATION - NORTH HILLS PREPARATORY

212804

UT TYLER INNOVATION ACADEMY

108808

VANGUARD ACADEMY

101865

VICTORY PREP

057847

VILLAGE TECH SCHOOLS

071809

VISTA DEL FUTURO CHARTER SCHOOL

070801

WAXAHACHIE FAITH FAMILY ACADEMY

227803

WAYSIDE SCHOOLS

220810

WESTLAKE ACADEMY CHARTER SCHOOL

101845

YES PREP PUBLIC SCHOOLS, INC.