Annually, Hope Chinese Charter School (HCCS) needs to raise external funds to bridge the gap between our existing revenue stream (60% of equivalent per-student District funding) and the actual operating budget. HCCS has determined that fundraising equal to $2,750 per student will close that gap.
Despite being a public school, charter schools only receive about 60% of the funding that a school district in Oregon spends per student. This shortage includes the 20% of state funding which stays with the sponsoring district and other revenue streams such as funds from voter-approved bond measures, federal education & transportation dollars, and other local monies. Charter schools work very hard to be creative and diligent in our methods and fiscal spending, however we must still rely on continual support from the community just to meet our restrictive budget.
Failure to reach our fundraising goals will impact the school’s long-term financial stability, and will likely result in near-term spending reductions, which may negatively impact our programs.