Waukesha Virtual School Generates a Cash Surplus

Amy Hetzner:

The School District’s virtual high school has delivered its first financial surplus to the school system more than a year after it faced an uncertain future amid budgetary losses.
The district received about $65,000 more than it spent on the 3-year-old school, called iQ Academies at Wisconsin, for 2006-’07 in the first year of a renegotiated contract with KC Distance Learning, the private company that manages the virtual high school.
The school raised about $4 million through the state’s open enrollment system; special-education and tuition payments; and student fees, said Erik Kass, Waukesha’s executive director of business services. A little more than $1.5 million of that revenue went to the School District, which pays employee salaries and benefits as well as some supply costs for iQ.
In a report Monday to members of the School Board’s Finance and Facilities Committee, district officials attributed the financial turnaround to a change in the revenue-sharing arrangement with the company as well as better cost controls in the recently ended school year.