N.J. Admin. Code § 6A:23A-15.2

Current through Register Vol. 56, No. 17, September 3, 2024

Section 6A:23A-15.2 - Per pupil calculations, notification, and caps

(a) The resident and non-resident school districts shall use projected charter school aid as established by the Commissioner in a report to be distributed no later than February 15 of the prebudget year for budget purposes and to initiate school district payments to the charter school for the subsequent year. The report establishes for each resident and non-resident school district a per pupil amount for the local and State shares and categorical aids per student. Once the per pupil amount is established, it is not adjusted. Projected charter school aid is based on projected enrollments at the charter school. The number of students enrolled in the charter school is adjusted based on average daily enrollment for aid purposes throughout the school year in accordance with the prescribed adjustments listed in 6A:23A-15.3.

(b) The per pupil amount comprises local share as defined in (b)1 below and State share as defined in (b)2 below.

1. The local share per pupil is the part of the per pupil amount that includes the general fund tax levy of the school district of residence's or nonresident district(s)' budget(s).

2. The State share per pupil is the part of the per pupil amount that includes the equalization aid portion of the school district of residence's or nonresident district(s)' budget(s) or amounts, if any, contained in the annual appropriations act in-lieu-of or to supplement equalization aid for the corresponding fiscal year.

(c) On or before March 30 of each year, a charter school board of trustees shall submit to the Commissioner a budget in the State-mandated format for the following fiscal year, all of which are based on the most recent enrollment projections provided to the charter school by the Commissioner.

N.J. Admin. Code § 6A:23A-15.2

Amended by 49 N.J.R. 1038(a), effective 5/1/2017