ADE Director's Communication Memo Form

Memo Number : FIN-06-070

Date Created : 04/25/2006


Co-op Directors

Type of Memo: Regulatory
Response Required: Optional
Section:   Fiscal and Administrative Services - Dr. Bobbie Davis, Assistant Commissioner
State Foundation Funding Aid 2005-06

Regulatory Authority:
A.C.A. §§6-5-301 et seq., 6-20-2301 et seq., Acts 19 & 20, 1st Extraordinary Session, 2006, Act 2131, Reg. Session, 2005

Contact Person:
Vivian Roberts

Phone Number:


This memo serves to notify school districts of the increase in State Foundation Funding Aid as a result of Acts 19 and 20 of the 1st Extraordinary Session of 2006.

The Foundation Funding Amount per student increased from $5,400 to $5,528 ($42 of which is provided to pay for increased school district costs resulting from the increases in the employer’s rate of contribution to the Arkansas Teacher Retirement System from 13% to 14%).

The attached document lists each school district’s revised State Foundation Funding Aid amount using the Foundation Funding Amount per student of $5,528. As a result of this increase, the amount of Educational Excellence Trust Funds for each school district is equal to .09851 of the State Foundation Funding Aid amount. It is important to note that data changes received between now and June 30 could possibly result in a change in the calculated trust fund percentage for all school districts.

A final State Aid Notice for 2005-2006 will be available in May. Questions regarding this memo may be directed to Vivian Roberts at 501-682-4258.


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