ADE Director's Communication Memo Form


Memo Number : FIN-05-026

Date Created : 05/17/2005

Attention:

Superintendents
Co-op Directors

Type of Memo: Regulatory
Response Required: No
   
Section:   Public School Finance and Admin Support - Ms. Patricia Martin
Subject:
State Aid Notice 2004-05

Regulatory Authority:
A.C.A. §§§§ 6-5-301 et seq., 6-20-601 et seq., 6-20-2301 et seq., and 6-20-2401 et seq.

Contact Person:
Vivian Roberts

Phone Number:
501-682-4258

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

The final calculation of state aid for 2004-2005 has been completed. Each school district's state aid notice is attached to a hard copy of this memo and will be mailed May 19, 2005. State aid notices can be seen after May 19th on the Arkansas Department of Education (ADE) web page, http://arkedu.state.ar.us/. Click on Publications, then Reports. Scroll down until you see State Aid Notice 2004-2005 (Report dated May 19, 2005). For a copy of an individual notice, select Edit, then Find. Type the name of the selected school district in the search box, and click Search. Select File, Print, then Current Page to print a copy of the selected individual state aid notice.

For each funding category, the following information is provided on the state aid notice: the amount of state aid; the applicable statutory act; indication of the existence of an ADE Rule; indication of the existence of expenditure restrictions; the Revenue Code; and the Source of Funds (SOF) Code. The DATA section of the state aid notice shows the data supporting these calculations. Current data has been used where applicable. The categories of English Language Learners, National School Lunch Act, and Professional Development are calculated using 2004-2005 data. Student Growth Funding is calculated using the current year Average Daily Membership (ADM) from the average of the first two quarters. For districts with more than one isolated school area, funding information is listed separately (items 15, 16, and 33). Act 69 of the Second Extraordinary Session of 2003 governs the calculation of General Facilities Funding, Debt Service Funding Supplement and Supplemental Millage Incentive Funding. These calculations were provided via Director's Memo Number Fin-05-006, dated August 5, 2004. Lines 17-21 and 34-36 of the State Aid Notice contain Act 69 information.

The Arkansas Department of Education Rules Governing the Distribution of Student Special Needs Funding is available at: http://arkedu.state.ar.us/. Click on Rules, then Current Rules, and finally Funding (Distribution of Student Special Needs Funding for School Year 2004-2005 and Additional Teacher Pay). The Revised Schedule of 2004-2005 State Aid Disbursements is attached to Director's Memo Number FIN-05-004, dated July 28, 2004. Please review the information on the state aid notice carefully. Direct questions or comments to 501-682-4258 or vroberts@arkedu.k12.ar.us.

Attachments:
    None

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