Submitted by admin on January 23, 2010 - 8:45pm
California
56% of P-1 distribution is being deferred until July and August
of 2010 and 25% of P-2 is being deferred 60-90 days.
DEFERRALS ARE REAL. PLAN NOW.
State deferrals are a long term problem for California. Schools need to explore financing options now and secure funding to keep programs intact. Click through the tabs below to learn about how deferrals are impacting charter schools across California.
Annual State Payment Deferrals

The Result:
In FY 2010, 46% of state aid is being deferred 4 months. Industry experts forecast that deferrals will be the same or greater for FY 2011.
Annual Impact of Deferrals
  P-2(Jul-Jan) P-1 (Feb-Jun)
Students: 400 ADA 400 + 75 ADA
$ Per ADA: $5,000 / student $5,000 / student
Annualized Revenue: $2,000,000 $2,375,000
% Ann. Rev. Deferred: 21.5% 25%
Ann. Rev. Deferred: $430,000 $500,000
Growth Deferral: $0 $375,000
Total Deferrals: $430,000 $875,000
Annual impact:
The cashflow shortfall for this school is $1,305,000 for FY 2010 alone.