How much of the operating costs will be paid by government sources?
As set forth in detail in the projected operating budgets for both (i) the charter school income stream, and (ii) the foster care income stream, all standard living and educational operating costs are projected to be paid in full annually by governmental sources; to the extent necessary and as determined by the Board of Directors, additional, optional enrichment programs will be funded via philanthropic contributions. Typically, for other programs comparable to the Academy, these enriching services are supported by philanthropic contributions in the range of ten percent of annual expenses. See also question III.G below.
Related Questions
- What are the exit costs to the homeowner - i.e. when we sell the unit, and to whom are these fees paid; the Panamanian government, the municipality, the Shore Club property management company?
- How much of the operating costs will be paid by government sources?
- How much of the upfront costs will be paid by government sources?
