$5 million approved for island charter schools - KUAM.com-KUAM News: On Air. Online. On Demand.

$5 million approved for island charter schools

Posted: Updated:
 by Isa Baza

Guam - Over $5 million has been approved for our island's charter schools at a meeting this afternoon. The Guam Academy Charter Schools Council held a meeting this afternoon at the Terlaje Building in Hagatna to discuss fiscal budgets for both the Guahan Academy Charter School and iLearn Academy Charter School.

GACS Council chair Rosa Palomo said, "The agenda is short and primarily it's to deal with, and by deal I mean hope, that my council will move forward with passing the budgets as have been submitted by both Guahan Academy and iLearn." Palomo noted that the council sets the budget using a meter of approximately $5,500 per student, and hopes to air on the side of caution as it is very difficult to increase a school's budget once set.

"It's much easier to decrease a budget than it is to increase a budget so we are going for the higher number. In anticipation and if that doesn't pan out then they can only draw down for the number of students that they actually have," Palomo added.

Guahan Academy has an expected enrollment of 640 students; while iLearn academy's enrollment is expected at 450 students. "We've had two separate work sessions on them in December so I think we're at the point where our questions have been answered and we're ready," she added.

Palomo confirmed that both school budgets had been approved, with Guahan Academy receiving a budget of $3 million and iLearn Academy approved for $2.5 million.

Funding is sourced from the General Fund, so both budgets will be forwarded to DOE, which will then work with DOA and the Legislature to get the funds released before the start of the spring semester. 
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