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San Jose Unified and ACE Inspire Academy MOU 2026-2031 - Executed
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San Jose Unified and ACE Inspire Academy MOU 2026-2031 - Executed.pdf
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This Memorandum of Understanding (MOU) outlines the agreement between the San José Unified School District and ACE Inspire Academy Charter School regarding their operational relationship and funding arrangements for the term from July 1, 2026, to June 30, 2031. It includes provisions for oversight responsibilities, funding sources, employee qualifications, governance structure, and data reporting requirements. The MOU also stipulates that the Charter School will pay a supervisorial oversight fee and outlines the responsibilities of both parties in terms of compliance with applicable laws and regulations.
Key points
- The MOU is between San José Unified School District and ACE Inspire Academy Charter School.
- The agreement is effective from July 1, 2026, to June 30, 2031.
- The Charter School's charter was renewed for a term of five years, extended to June 30, 2026.
- The District is responsible for ensuring compliance with laws and charter terms.
- The Charter School will receive state aid directly and is responsible for funding shortfalls.
- The Charter School will pay a 1% supervisorial oversight fee based on its revenue.
- The Charter School must ensure that all teachers hold the required credentials.
- The MOU includes provisions for data reporting, budget submissions, and annual audits.
Generated for convenience from extracted text using AI. Review the official source document before relying on this summary.
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MEMORANDUM OF UNDERSTANDING (MOU) Financial and Operational Memorandum of Understanding Between the San José Unified School District and ACE Inspire Academy Charter School 1. PARTIES This document constitutes an agreement between the San José Unified School District (District) and ACE Inspire Academy Charter School (Charter School). 2. BACKGROUND The governing board of the San José Unified School District renewed a charter, for a term of five years beginning on July 1, 2018 and ending June 30, 2023, for ACE Inspire Academy Charter School on December 7, 2017 pursuant to the terms of the Charter Schools Act of 1992 (Education Code Section 47600 et seq). Education Code Section 47607.4 extended the term of the Charter School by two years, to June 30, 2025. Subsequently, on July 10, 2023, the Governor signed Senate Bill 114 (Stats. 2023, Ch.48, Sec. 43) which amended EC Section 47607.4 to extend the terms of charter schools who expire on or between January 1, 2024, and June 30, 2027, by one additional year, to June 30, 2026. District and Charter School may enter into a mutually agreeable memorandum of understanding regarding funding, to define the oversight and operational...