Sep 16, 2024BoardMeeting
BoardDiscovery Academy Policy
The policy addresses the reconciliation of foundation funding received by the School with the Ohio Department of Education (ODE) based on the annualized full-time equivalent (FTE) enrollment of students. It outlines the process for conducting a True-Up, which involves reconciling payments based on a percentage of FTE or foundation funds with the School's ODE adjustment. The policy specifies the timing for True-Up, terms for overpayment due to the School, and provisions for underpayments. It also advises including a True-Up provision in agreements where payment is based upon FTE or a percentage of foundation funds.