| CFDA Number: | 84.354A - Charter Schools Facilities Program |
| Goal 8: Increase the number of charter school facilities acquired, constructed or renovated. |
| Objective 8.1 of 1: Credit Enhancement for Charter School Facilities program Internal Objective 1 |
| Indicator 8.1.1 of 2: Leveraged funds:: The amount of funding grantees leverage for the acquisition, renovation, or construction of charter school facilities. | |||||||||||||||||||||||
| Targets and Performance Data | Assessment of Progress | Sources and Data Quality | |||||||||||||||||||||
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Explanation: Baseline data will be collected in 2003 and reported in 2004. The 2004 & 2005 target for this measure is baseline plus 1%. * Definition: Leverage: The number of dollars leveraged consists of the dollar amount raised (versus the amount contributed to the financing from the grant) as a direct result of the guarantee. If the grantee received a non-Department of Education grant (including a New Markets Tax Credit allocation) and is using it to provide additional leveraging for a school served by the Federal grant, funds leveraged from these other funds may also be counted as funds leveraged by the Federal grant. A grantee may count senior debt towards the total amount of funds leveraged if it uses grant funds to guarantee or insure subordinate debt but not the senior debt to which it is tied. Likewise, grantees may count subordinate debt toward the total amount of funds leveraged if it only uses grant funds to credit-enhance senior debt. |
Additional Source Information: Performance Reports Frequency: Annually. Collection Period: 2004 Data Available: January 2004 Limitations: These multi-year grants received all the funding at the beginning of the first project period. As no reports are required for continuation funding, grantees were given a full year of performance before reporting data. First reports are due December 2003. |
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| Indicator 8.1.2 of 2: Number of school facilities acquired, constructed, or renovated using program funds.: Number of school facilities acquired, constructed, or renovated using program funds. | |||||||||||||||||||||||
| Targets and Performance Data | Assessment of Progress | Sources and Data Quality | |||||||||||||||||||||
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Explanation: Baseline data will be collected in 2003 and reported in 2004. The 2004 and 2005 target for this measure is baseline plus 1%. |
Additional Source Information: Performance Reports Frequency: Annually. Collection Period: 2003 - Data Available: January 2004 |
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