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