Minimum Enrollment Requirements Clause Samples

Minimum Enrollment Requirements. The School’s minimum enrollment is the mini- mum enrollment set forth for each year of operation in Attachment 1. The parties agree that this minimum enrollment will support the School’s operations under the School’s budget set forth in Attachment 1. Operation of the School for the 2011-2012 school year shall be contingent on meeting minimum enrollment requirements for year 1 by two weeks before the first day of school, or enrollment numbers sufficiently close to the minimum enrollment such that the budget set forth in Attachment 1 is still viable and maintains a 2.5% unreserved fund balance at the end of the school year, or such other minimum enrollment as mutually agreed by the parties which is supported by a revised viable budget approved by the School. If the School has not achieved minimum enrollment by that date, or enrollment numbers sufficiently close to the minimum enrollment such that the budget set forth in Attachment 1 is still viable and maintains a 2.5% un- reserved fund balance at the end of the school year, or such other minimum enrollment as mu- tually agreed by the parties which is supported by a revised viable budget approved by the School, then the School’s first year under this Charter shall be solely for planning and develop- ment and the School shall not receive any funding for 2011-2012 except as available for plan- ning purposes via the U.S. Department of Education Public Schools Charter Program (PSCP). Failure to maintain minimum enrollment, or enrollment numbers sufficiently close to the mini- mum enrollment such that the budget set forth in Attachment 1 is still viable and maintains a 2.5% unreserved fund balance at the end of the school year, or such other minimum enrollment as mutually agreed by the parties which is supported by a revised viable budget approved by the School, for the October and February FTE reporting periods each year of operation shall be good cause for termination or nonrenewal. A budget to support minimum enrollment is attached in At- tachment 1.