Millage Levy, if applicable. The District shall provide additional funding to the School via any applicable capital outlay or operating millage levied by the Sponsor as required by law
Millage Levy, if applicable. When required by law, and when the School is eligible, the District will provide additional funding to the School via any applicable capital outlay levied by the Sponsor, in accordance with sections 1011.71 and 1013.62, Florida Statutes. If the Sponsor levies additional millage via referendum pursuant to s. 1011.71(9), F.S., then the Sponsor shall include the School for the distribution of taxes collected pursuant to, and as required by this statutory subsection.
Millage Levy, if applicable. The District may, at its discretion,shall provide additional funding to the School via any applicable capital outlay or operating millage levied by the Sponsor. To the extent allowed by law, for the term of this contract and any renewals, the Sponsor’s Discretionary Millage rate shall not be decreased below the level it was on January 1, 2016, unless changed by agreement of both parties to this contract. The Sponsor shall be responsible for maintaining funding at the level it would have been based on the discretionary millage level of January 1st, 2016, if the Sponsor votes to decrease discretionary millage, without the agreement of both parties. Formatted: Superscript
Millage Levy, if applicable. The District shall provide additional funding to the School via any applicable capital outlay or operating millage levied by the Sponsor as required by law Fees to be Charged to the School By the District. The Sponsor may charge the School an administrative fee in an amount not to exceed the maximum rate allowed under section 1002.33(20), Florida Statutes. Such fee shall be withheld ratably from the distributions of funds, defined in section 1002.33(17)(b), Florida Statutes, to be made to the School under this Charter. Such fee shall cover only those services provided by the Sponsor which are required to be covered under such statute. If the School requests services from the Sponsor beyond those provided for in statute, the Sponsor and the School will enter into a separate written agreement approved by both parties. The District shall provide the distribution of funds reconciliation simultaneously with each revenue disbursement to the School including any administrative and other fees and charges withheld. Distribution of Funds Schedule The Sponsor shall calculate and submit twelve (12) monthly or twenty- four bi-monthly payments to the account specified by the School. Each payment will be one-twelfth (1/12) or one twenty-fourth (1/24) of the funds described in Section 4.A.1., above, less the administrative fee set forth in Section 4.A.3, above. The first payment will be made by July 15 of the School’s first year of operation. Subsequent payments will be made no later than the 15th of each month beginning with August 15. For each year of the Charter, monthly payments will be calculated as follows: July through October payment shall be based on the School’s Final Projected Enrollment as determined under the provisions of Section 3.F. of this Charter, if a minimum of 75 percent of the Final Projected Enrollment is entered into the Sponsor's Student Information System by the first day of the current month. Otherwise, or if the School’s enrollment exceeds its Projected Enrollment, the Sponsor shall fund the School based on the number of students actually registered as of the first day of the month. Thereafter, the results of full-time equivalent student membership surveys shall be used in adjusting the amount of funds distributed monthly to the School for the remainder of the fiscal year. Payments will be adjusted retroactively for prior period adjustments. Payment shall not be made, without penalty of interest, for students in excess of the School facility’s ...
Millage Levy, if applicable. The District shall provide additional funding to the School via any applicable capital outlay or operating millage levied by the Sponsor as required by law. Notwithstanding anything to the contrary in this Charter, the provision of s. 1002.33(19), F.S. providing for capital outlay funding are not applicable to this virtual charter school pursuant to s. 1002.33(1), F.S.
