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