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CCSD reminder: district authorizes nine charters; combined charter fund balances total $42.8 million
Summary
District staff briefed trustees on the local charter landscape, the statutory per-pupil formula and fiscal exposures, noting that charter and partnership payments will rise in FY 2026 and that charter-operated fund balances across schools total roughly $42.8 million.
Charleston County School District staff and charter liaison briefed trustees April 7 on the district’s role as a charter authorizer, fiscal mechanics for charter payments and the aggregated fund-balance position across locally authorized charter schools.
Who and what: The district currently authorizes nine charter schools and reported that roughly 65% of the students enrolled in locally authorized charters statewide attend charters authorized by CCSD. District staff said CCSD is the largest local authorizer in South Carolina by locally authorized charter enrollment.
The funding mechanics: Prentice reviewed the state-prescribed per-pupil funding formula used to calculate charter payments. The formula starts with audited district revenues (net of transfers-in and…
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