ADE Director's Communication Memo Form


Memo Number : FIN-01-013

Date Created : 09/15/2000

Attention:

Superintendents
Co-op Directors

Type of Memo: Informational
Response Required: No
   
Section:   Public School Finance and Admin Support - Ms. Patricia Martin
Subject:
Funding Model on Calculation for State Aid

Regulatory Authority:
N/A

Contact Person:
Patricia Martin

Phone Number:
501/682-5124

E-mail:
pmartin@arkedu.k12.ar.us

The Public School Finance Section has published a simple funding model on the ADE Website at http://arkedu.k12.ar.us/school_finance.htm. It shows the calculations for State Equalization Aid, Debt Service Funding Supplement, Additional Base Funding, and Incentive Funding. This is a mathematical model with each calculation clearly defined. The district may do the actual calculations based on the formulas presented. This funding model utilizes the August 10, 2000 state-wide funding data. Local school districts will need the following data points to calculate these four categories of aid:
Assessment, prior year three quarter average ADMs, miscellaneous funds, eligible debt for calendar year 2001, 100% collections, general facilities funding, student growth funding, and revenue loss funding.

This is a simplified model and is presented merely for informational purposes. The official funding data is generated by the Department of Education and published three times per year on the "Print Out".

Attachments:
    None

Back to the Customer List

Copyright © 1997 Arkansas Department of Education. All rights reserved.
Department of Education Home Page