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 districtís 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 Systemís employer rate increasing from 13% to 14%.
A spreadsheet is attached that shows each districtís 2005-2006 spending requirement for Gifted and Talented Programs.