Holdback/Proration Clause Samples
Holdback/Proration. In the event of a state holdback or a proration which reduces funding, the School’s funding will be reduced proportionately. In the event that the Sponsor’s district exceeds the state cap for WFTE for any expenditure category of programs established by the Legislature, resulting in unfunded WFTE for the Sponsor’s district, then the School’s funding shall be reduced to reflect its proportional share of any unfunded WFTE and the School’s funding will be reduced to reflect its proportionate share of any unfunded WFTE. In addition, should the Sponsor receive notice of an FTE funding adjustment which is attributable to error or substantial noncompliance by the School, the Sponsor shall deduct such assessed amount from the next available payment otherwise due the School. In the event that the assessment is charged near the end of or after the term of this Charter where no further payments are due the School, the Sponsor shall provide prompt notice to the School which shall refund the Sponsor the amount of the assessment within thirty (30) days. The School will be responsible for an additional fee of one percent (1%) per month on the unpaid balance after thirty (30) days from the date of notice of such assessment.
Holdback/Proration i. In the event of a state holdback or a proration, which reduces district funding, the School's funding will be reduced proportionately.
ii. If the Sponsor receives notice of an FTE funding adjustment, which is attributable to noncompliance by the School, the Sponsor shall deduct such assessed amount from the next available payment otherwise due to the School. If the Sponsor receives notice of such findings, it will provide notice to the School so that the School may challenge such findings at School’s expense, if authorized by law.
iii. If the assessment is charged near the end of or after the term of the Charter, where no further payments are due to the School, the Sponsor shall provide prompt notice to the School and the School shall reimburse the full amount to the Sponsor within thirty (30) days.
Holdback/Proration. In the event of a state holdback or a proration 16 which changes District funding, the School’s funding will be adjusted 17 proportionately. The Sponsor will not be responsible for any liabilities 18 incurred by the School in the event of a state holdback.
Holdback/Proration i. In the event of a state holdback or a proration, which reduces district funding, the School's funding will be reduced proportionately.
ii. If the Sponsor receives notice of an FTE funding adjustment, which is attributable to noncompliance by the School, the Sponsor shall deduct such assessed amount from the next available payment otherwise due to the School.
iii. If the assessment is charged near the end of or after the term of the Charter, where no further payments are due to the School, the Sponsor shall provide prompt notice to the School and the School shall reimburse the full amount to the Sponsor within thirty (30) days 2) Federal Funding
a) Title I
i. Any Title I funds allocated to the School must be used to supplement student’s greatest instructional needs that have been identified by a comprehensive needs assessment of the entire School and shall be spent in accordance with federal regulations. The academic program funded through Title I shall include Reading, Language Arts, Mathematics, and Science.
ii. The allocation of Title I Funds shall be made in accordance with the Public Charter Extension Act of 1998 and all corresponding guidance and regulations.
iii. If the School accepts Title I funds, at least one (1) percent of the Title I funds budget must be spent in support of parental involvement activities.
iv. Any equipment item purchased with Title I funds costing $1000 or more, which is classified as Capitalized Audio Visual Equipment, remains the property of Title I. This property must be identified, labeled, and made readily available for Title I property audits.
v. The Sponsor’s Title I staff will provide technical assistance and support in order to ensure that Title I guidelines are being followed at the School and that
vi. All documentation, including, but not limited to, Title I Accountability and Technical Assistance Team (A-TAT) School Site Compliance documents, agendas, schedules, minutes, time sheets, receipts, invoices, purchase orders, rosters, etc., must be maintained at the School for a minimum of five years as evidence to validate the use if Title I school site allocations.
Holdback/Proration a) In the event of a state holdback or a proration, which reduces district funding, the School's funding will be reduced proportionately.
b) If the Sponsor receives notice of an FTE funding adjustment, which is attributable to noncompliance by the School, the Sponsor shall deduct such assessed amount from the next available payment otherwise due to the School, provided that, if the Sponsor receives notice of such audit findings, it provides such notice to the School so that the
c) If the assessment is charged near the end of or after the term of the Charter, where no further payments are due to the School, the Sponsor shall provide prompt notice to the School and the School shall reimburse the full amount to the Sponsor within thirty (30) days.
Holdback/Proration. In the event of a statewide holdback or proration which reduces the Sponsor’s district funding, the School’s funding will be reduced proportionately in accordance with Section 1002.33(17), Florida Statutes. In the event the Sponsor’s district exceeds the state cap for WFTE in any expenditure category of programs established by the Legislature, resulting in unfunded WFTE for the district, then the School’s funding shall be reduced to reflect its proportionate share of any unfunded WFTE. If the Sponsor receives notice of an FTE or other funding adjustment which is attributable to noncompliance by the School, the Sponsor shall deduct such assessed amount from the next available payment otherwise due to the School. If the assessment is charged near the end of or after the term of the Charter, where no further payments are due to the School, the Sponsor shall provide prompt notice to the School, which shall within thirty (30) days refund the amount of the assessment. If the School fails to open, through no fault of the Sponsor, the School shall reimburse the full amount of any funding provided by the Sponsor. The School shall reimburse the full amount to the Sponsor within thirty (30) days. The School will be responsible for an additional fee of 1% per month on the unpaid balance after 30 days from the date of notice of such assessment.
Holdback/Proration. In the event of a statewide holdback or proration which reduces the Sponsor’s district funding, the School’s funding will be reduced proportionately in accor- dance with Section1002.33(17), Florida Statutes.
Holdback/Proration i. In the event of a state holdback or a proration, which reduces district funding, the School's funding will be reduced proportionately.
ii. If the Sponsor receives notice of an FTE funding adjustment, which is attributable to noncompliance by the School, the Sponsor shall deduct such assessed amount from the next available payment otherwise due to the School.
iii. If the assessment is charged near the end of or after the term of the Charter, where no further payments are due to the School, the Sponsor shall provide prompt notice to the School and the School shall reimburse the full amount to the Sponsor within thirty (30) days.
Holdback/Proration. In the event of a State holdback or proration which reduces the Sponsor’s District funding, the School’s funding will be reduced proportionately.