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Lafayette Charter Foundation's board approves $15M in operating costs for 2 charter schools

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LAFAYETTE, Louisiana — The Lafayette Charter Foundation's board approved $15 million in operating costs for its two charter schools, which open to students in two weeks.

The schools are overseen by a local board of trustees and managed by the Florida-based for-profit Charter Schools USA.

Acadiana Renaissance Charter Academy's total budget is $7.8 million and Lafayette Renaissance Charter Academy is $7.1 million.

The majority of the schools' expenses is directed to teacher and staff salaries and benefits. Lafayette Renaissance expects to spend nearly $2.9 million on employees and Acadiana Renaissance will spend about $3 million.

The Advocate reports (http://bit.ly/1zyNMz8 ) the board amended its budgets Tuesday to account for increased technology costs and to reduce the management fees it pays to Charter Schools USA.


Information from: The Advocate, http://theadvocate.com

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