Achievement First

Funding Formula Analysis

(FY 2012 core instruction per pupil and state share ratio data)
FY 2012
Cranston
Projected Formula $ Change
Achievement First Impact:
# of Students

$2,349,234
0

FY 2013

FY 2014

FY 2015

$4,698,468

$7,047,702

$9,396,936

88

219

302

($76,390)

($228,177)

($393,394)

1/6 of change

1/5 of change

1/4 of change

FY 2016

FY 2017

FY 2018

$11,746,170

$14,095,404

$16,444,638

379

460

460

assumes 65% FRPL eligible

Projected State $ Change

$0

phased in over the formula transition

($658,276) ($1,198,796) ($2,397,592)

1/3 of change

1/2 of change

full transition

Projected Local $ Change

$0

($588,280) ($1,585,779) ($2,354,996) ($3,166,166) ($3,842,840) ($3,842,840)

Projected Total $ Change

$0

($664,670) ($1,813,956) ($2,748,390) ($3,824,442) ($5,041,636) ($6,240,432)

Projected Net District $ Change $2,349,234

$4,033,798

$5,233,746

$6,648,546

$7,921,728

$9,053,768

Providence
Projected Formula $ Change

$12,359,762

$18,539,643

$24,719,524

$30,899,405

$37,079,286

Achievement First Impact:

# of Students

$6,179,881

88

219

($139,860)

($418,132)

1/6 of change

1/5 of change

302

379

###

$43,259,167

460

460

assumes 80% FRPL eligible

Projected State $ Change

$0

phased in over the formula transition

($721,242) ($1,206,170) ($2,196,280) ($4,392,560)

1/4 of change

1/3 of change

1/2 of change

full transition

Projected Local $ Change

$0

($315,832)

Projected Total $ Change

$0

($455,692) ($1,332,238) ($2,158,158) ($3,230,788) ($4,653,600) ($6,849,880)

Projected Net District $ Change $6,179,881

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($914,106) ($1,436,916) ($2,024,618) ($2,457,320) ($2,457,320)

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Calculations do not include an inflation factor and are subject to change based on annual data updates
Considers 5 year charter request currently before the Board of Regents and does not plan for growth beyond 920 students