ADE Director's Communication Memo Form


Memo Number : FIN-01-032

Date Created : 06/13/2001

Attention:

Superintendents
Co-op Directors

Type of Memo: Informational
Response Required: Optional
   
Section:   Public School Finance and Admin Support - Ms. Patricia Martin
Subject:
Poverty Index Fund Appropriation

Regulatory Authority:
None

Contact Person:
Patricia Martin

Phone Number:
501-682-1114

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

On Monday, June 11, the State Board of Education approved the Public School Fund budget for the 2001-2002 fiscal year. The Poverty Index Fund appropriation will be funded at $8.5 million.

Attached is the data table to be used in the calculation of the distribution of Poverty Index Funds for the 2001-2002 fiscal year. It is important that you review these data for accuracy. The calculation is based on the percent of enrolled Kindergarten (K) and Grade 1 (1) students that are eligible to receive free and or reduced priced meals. These data were submitted in the Cycle 2 “October 1 Report” of Student data. It was taken from the meal field, where it was coded either “free”, “reduced”, or “paid”.

If discrepancies are determined, please submit a written explanation, with the appropriate documentation, to:

Patricia Martin, Assistant Director
Public School Finance
Arkansas Department of Education
#4 Capitol Mall, Room 202A
Little Rock, AR 72201.

Or, via Fax to: (501) 682-9035

ALL RESPONCES MUST BE RECEIVED BY MONDAY, JUNE 25, 2001.

Attachments:

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