School Information System
Newsletter Sign Up |

Subscribe to this site via RSS: | Newsletter signup | Send us your ideas

January 3, 2010

$4,431,115 Two Year Cost for 4K in Madison

Madison School District Superintendent Dan Nerad 650K PDF:

The Board ofEducation over the past two months has received information relative to the programdesignofa4-kprogramandsomebudgetscenariosrelativetothe4-kprogram. The budget scenarios showed the Community Model Option where the community providers provided to the district the amount necessary to support their programs and two concepts for allowing this fee to decrease.

Over the past month, administration and the community providers have met to discuss the amount to be brought forward as a fee per child for the community early childhood centers. The amount within your packet reflects that amount the early childhood community has asked ofthe district.

Information Contained in your packet: Budget Impact:

The budget impact sheet is reflective of all costs associated with the operation ofa community based model for four-year-old kindergarten. This model reflects the latest numbers proposed by the community for the per child reimbursement, along with an escalator of 3% each year. The model also reflects the latest information from the DPI, that shows we are currently not likely to be eligible to receive the 4-k startup grants with the State of Wisconsin budget. These numbers show a negative budget balance of $4,188,069 in year 1 and a negative budget balance of $243,046in year two, for a total two year negative balanceof $4,431,115. This becomes the target for further information within your packet relative to "Financing Options" for 4-k.

Posted by Jim Zellmer at January 3, 2010 3:11 AM
Subscribe to this site via RSS/Atom: Newsletter signup | Send us your ideas