§600.210. Per Diem Rate Calculation  


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    For each fiscal year, the State Superintendent of Education shall determine the per diem rate to be charged of nonresident students attending the School based on the cost of educating all students attending the School.  The State Superintendent of Education, or his or her designee, shall provide the School written notification of the per diem rate determination no later than July 1 of each fiscal year.

     

    a)         Per diem costs shall be calculated by dividing the net allowable costs less any revenue offsets, as these terms are defined in Sections 600.220 and 600.240, by the total student attendance days. 

     

    1)         The costs used in the calculation shall be those enumerated in the School's cost report required under Section 600.250(a) and shall consider any additional financial information deemed necessary to conduct the calculation, as requested by the State Superintendent of Education. 

     

    2)         The per diem rate charged of nonresident students may be up to 120 percent of the approved calculated per diem costs.

     

    b)         The State Superintendent may adjust the per diem rate one time during the fiscal year in which it is in effect. 

     

    1)         In instances in which the December 31 attested cost report required under Section 600.250(b) indicates that the School's actual expenditures are greater than 5 percent of the expenditures budgeted, the State Superintendent, after a review of the actual expenditures, may determine that an adjustment in the per diem rate is appropriate. 

     

    2)         The State Superintendent of Education, or his or her designee, shall provide the School written notification of any adjustment made to the per diem rate.

     

    c)         The per diem rate shall be effective at the beginning of the affected fiscal year of the School.  When the per diem rate is adjusted during the affected fiscal year after a review authorized in subsection (b), the effective date of the adjusted per diem rate shall be determined by the State Superintendent of Education.