May 9, 2014
Ms. Dyan Sherwood, Director
Metro Deaf Charter School #4005-07
1471 Brewster Street
St. Paul, MN 55108
Dear Ms. Sherwood:
The Division of School Finance has received your request for the tuition billing system to include an excess lease cost rate for the Metro Deaf Charter School for State Fiscal Year (SFY) 2014. In accordance with Minnesota Statutes, section 125A.11, Subdivision 1, the request for additional revenue to cover the unreimbursed lease cost is approved.
The following information was used to calculate the SFY 2014 excess costs over and above the lease aid:
Estimated Net Lease Aid - $103,668.00
Unreimbursed Lease Costs - $411,075.48
Estimated Average Daily Membership Hours (ADM) (94.77 students x 1014 hours/ADM) - 90,191.16
Estimated Unreimbursed Lease Cost/Membership Hour - $ 4.56
As additional enrollment data becomes available then the unreimbursed costs may change and the amount per membership hour will be adjusted accordingly.
If you have any questions, please direct them to Michelle Jones at 651-582-8577 or email email@example.com.
Dr. Brenda Cassellius
c: Carol Hokenson, Assistance Director, Division of School Finance
George Holt, Supervisor, Special Education Funding
Michelle Jones, Special Education Funding
Cori Wahl, Special Education Director