Professional Report

CCP Funding

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• Funding formulas based on per college credit hour basis

• Ceiling and Floor based on 83% of K-12 per-pupil foundation funding amount. At no time will District be required to pay a per credit hour rate more than the Ceiling. FY15 Example: Per-pupil foundation amount = $5,800 Ceiling = $160 ($5,800 X .83 / 30) Floor = $40 ($160 X 25%)

Note: “30” is the number of credits earned by a full-time college student.

• IHE and District are encouraged to negotiate a local agreement (Alternative Funding Structure agreement) within Floor and Ceiling. When no alternative agreement is negotiated, the Default funding structure applies.