The document reports on the performance of the Credit Enhancement for Charter School Facilities Program from 2003-2006. The program aims to increase the amount of funding and number of charter school facilities acquired, constructed, or renovated. For objective 1, the program exceeded its targets for leveraging funds for charter school facilities in 2004 and 2005. For objective 2, the number of charter schools served also exceeded targets in 2004 and 2005. Outcomes for 2006 and beyond are pending further reports.
The document reports on the performance of the Credit Enhancement for Charter School Facilities Program from 2003-2006. The program aims to increase the amount of funding and number of charter school facilities acquired, constructed, or renovated. For objective 1, the program exceeded its targets for leveraging funds for charter school facilities in 2004 and 2005. For objective 2, the number of charter schools served also exceeded targets in 2004 and 2005. Outcomes for 2006 and beyond are pending further reports.
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The document reports on the performance of the Credit Enhancement for Charter School Facilities Program from 2003-2006. The program aims to increase the amount of funding and number of charter school facilities acquired, constructed, or renovated. For objective 1, the program exceeded its targets for leveraging funds for charter school facilities in 2004 and 2005. For objective 2, the number of charter schools served also exceeded targets in 2004 and 2005. Outcomes for 2006 and beyond are pending further reports.
Copyright:
Attribution Non-Commercial (BY-NC)
Available Formats
Download as DOC, PDF, TXT or read online from Scribd
ESEA: Credit Enhancement for Charter School Facilities
FY 2006 Program Performance Report
Strategic Goal 2 Discretionary ESEA, Title V, Part B-2 Document Year 2006 Appropriation: $36,611 CFDA 84.354: Charter Schools Facilities Program 84.354A: Charter Schools Facilities Program
Program Goal: Increase the number of charter school facilities acquired,
constructed or renovated. Objective 1 of 2: Increase funds available for the acquisition, renovation, or construction of charter school facilities. Measure 1.1 of 1: The amount of funding Credit Enhancement program grantees leverage for the acquisition, construction, or renovation of charter school facilities (in millions). (Desired direction: increase) Actual Year Target Status (or date expected) 2003 66 Measure not in place 2004 100 74 Made Progress From Prior Year 2005 100 109 Target Exceeded 2006 100 (February 2007) Pending 2007 120 (February 2008) Pending 2008 140 (February 2009) Pending Source. U.S. Department of Education, Charter School Facilities Grantee Performance Report. Frequency of Data Collection. Annual Data Quality. These multi year grants received all the funding at the beginning of the first project period. As no reports are required for continuation funding, grantees are given a full year of performance before reporting data. Explanation. Definition of leverage: the number of dollars (in millions) leveraged consists of the dollar amount raised (versus the amount contributed to the financing from the grant) as a direct result of the guarantee. If the grantee received a non-Department of Education grant (including a New Markets Tax Credit allocation) and is using it to provide additional leveraging for a school served by the federal grant, funds leveraged from these other funds may also be counted as funds leveraged by the federal grant. A grantee may count senior debt toward the total amount of funds leveraged if it uses grant funds to guarantee or insure subordinate debt but not the senior debt to which it is tied. Likewise, grantees may count subordinate debt toward the total amount of funds leveraged if it only uses grant funds to credit- enhance senior debt.
Objective 2 of 2: Increase the number of charter schools facilities acquired, constructed or
renovated. Measure 2.1 of 1: The number of charter schools served through the Credit Enhancement for Charter School Facilities Program. (Desired direction: increase) Actual Year Target Status (or date expected) 2003 20 Measure not in place 2004 20 32 Target Exceeded
U.S. Department of Education 1 11/14/2006
2005 20 37 Target Exceeded 2006 25 (February 2007) Pending 2007 40 (February 2008) Pending 2008 50 (February 2009) Pending Source. U.S. Department of Education, Charter School Facilities Grantee Performance Report. Frequency of Data Collection. Annual