ADE Director's Communication Memo Form


Memo Number : COM-06-102

Date Created : 06/06/2006

Attention:

Superintendents
Co-op Directors
other: District Business/Financial Officers

Type of Memo: Administrative
Response Required: No
   
Section:   APSCN - Bill Goff, Director
Subject:
Expenditure Requirements for Gifted and Talented Programs

Regulatory Authority:
Ark. Code Ann. Sec. 6-20-2201 et seq. (as amended by Act 61 of the 2nd Extraordinary Session of 2003).

Contact Person:
Kathleen Crain

Phone Number:
501-682-4887

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

Pursuant to Ark. Code Ann.Sec 6-20-2208(c)(6), school districts are required to expend state and local revenues on gifted and talented programs in an amount equal to fifteen percent (15%) of the foundation funding amount multiplied by five percent (5%) of the school district’s prior year Three Quarter Average Daily Membership (3QTR ADM).

Ark. Code Amm. Sec 6-20-2305(a)(2) (as amended by Act 19 of the First Extraordinary Session of 2006) increased the foundation funding amount to a total of $5,528. This includes an increase of $42 due to the Arkansas Teacher Retirement System’s employer rate increasing from 13% to 14%.

A spreadsheet is attached that shows each district’s 2005-2006 spending requirement for Gifted and Talented Programs.

Attachments:

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