Newark Charter School Performance Fund Application

This one is VERY interesting!  The top prize allocated to any recipient of this performance award is $250,000, but Newark Charter School is asking for $400,000 to support the construction of their STEM labs and Fine Performing Arts Center.  Which is good, you can use this fund for capital costs.  And they are already getting funds from The Longwood Foundation for this:

The Longwood Foundation has agreed to assist the school in the renovations to the JR/SR High School for STEM and Fine & Performing Arts.

It’s not every school that gets Theire DuPont to come check you out!

Source: http://ncs.charter.k12.de.us/files/_FRAup_/2a0a2af04ad981653745a49013852ec4/Board_Minutes_May_19_2015.pdf

But let’s see what their application says:

And did they already get those funds?  What are “expense recoveries”?  It’s hard to say cause this doesn’t say where the funds are coming from….

NEWARK CHARTER SCHOOL – NEWARK CHARTER SCHOOL for FY 2015 Period 1 thru 11

Amount:
$1,711,393.56
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Category General Fund Federal Fund Capital Fund Special Fund
FEDERAL REIMBURSEMENT $0.00 $436,118.73 $0.00 $0.00
INTEREST ON DEPOSITS $0.00 $0.00 $0.00 $51,445.35
USDA DOE MEAL REIMBURSEMENT $0.00 $0.00 $0.00 $107,661.92
EXPENSE RECOVERIES $0.00 $0.00 $0.00 $1,116,167.56

And like their brethren school located in the Christina School District, Newark Charter School got to keep over $400,000 from the Charter School Transportation Slush Fund from the past two fiscal years…

1 thought on “Newark Charter School Performance Fund Application

  1. Pingback: The 2015 Charter School Performance Award Winners: Who Won Big, Who Won Some, & Who Got The Shaft | Exceptional Delaware

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