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• Funding based on expenditures, not revenues causing as much as a 30 percent gap in some districts.
• Lack of transparency in budgeting process.
• Funds pass through the district.
• Average per pupil revenue - $7,637
"The local board of education shall allocate one hundred percent (100%) of the state and local education funds to the charter school on the per pupil expenditure of the LEA. The per pupil expenditure shall be based on the prior year average daily membership (ADM) of the LEA. All funds shall be spent according to the budget submitted in the charter agreement, or as otherwise revised by the public charter school governing body, subject to the requirements of state and federal law. At the request of the governing body of the public charter school, the local board of education may act as fiscal agent for a public charter school or distribute the allocated funds to the public charter school to be administered in compliance with the charter agreement and state and federal laws." [Tenn. Code Ann. § 49-13-112] |