THE COST OF AUTHORIZING

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     

EVERYTHING HAS A SOURCE

Everything has a source. 

The source of the Mississippi River is the crystal clear waters of Lake Itasca as the water flows over a row of stones.

The Source of Chartered Public Schools is found in the innovation goals articulated in Minnesota’s the charter school law.

Whether it be a river or ideals codified in law, it is the source of things that provide inspiration, opportunities, and challenges. The source of things provide a beginning place for what can become over time and space. We know what the waters of the Mississippi River becomes over space and time. What chartered public schools become over time is still a work in progress.

Today, we encourage everyone in our chartered public schools to look back at the goals in Minnesota’s charter school law and remember that INNOVATION is the source for the existence of chartered public schools.

2020 Innovation Awards Applications now available at:

https://www.mncharterschools.org/awards/