Annually by September 30th all Minnesota Charter School Authorizers are required by law to submit to the Commissioner of Education a statement of income and expenditures related to chartering activities during the previous school year ending June 30th. The authorizer must also transmit a copy of the statement to all schools it charters.
QUICK FACTS – FY19 AUTHORIZER INCOME & EXPENDITURES
SCHOOL FEE INCOME – All AUTHORIZERS $3,115.946.06
OTHER INCOME – All AUTHORIZERS $ 101,125.73
TOTAL INCOME – All AUTHORIZERS $3,217.071.79
TOTAL EXPENDITURES – ALL AUTHORIZERS $3,140,871.78
NET INCOME – ALL AUTHORIZERS $ 76,200.01
JUNE 30, 2019 – REPORTED FUND BALANCE – All AUTHORIZERS $611,943.54
AVERAGE COST PER SCHOOL– $19,269.00
AVERAGE COST PER PUPIL – $52.52