Charter School Bond Investment Information

Updated on Mon, 10/03/2016 - 4:01pm
Charter School Investments

Adams 12 Five Star Schools charter schools are proposed to receive a percentage of the bond. Funding received is based on a per-pupil allocation formula that is built on the number of in-district students the school serves minus the capital construction funding they may already receive from the state. Formula: (Bond Amount * Space Offset / In-District Pupils) – (Capital Construction Assistance * Years) = Per Pupil Allocation. 

Since the Five Star District is not responsible for ongoing charter school facility maintenance, charters are given one-time funding. Like all schools, charters can only use bond funding for capital expenditures like new buildings, maintenance, etc. It cannot be used for operational costs like salaries or instructional materials.