ADE Director's Communication Memo Form


Memo Number : FIN-08-004

Date Created : 07/18/2007

Attention:

Superintendents
Co-op Directors

Type of Memo: Informational
Response Required: Optional
   
Section:   Fiscal and Administrative Services - Dr. Bobbie Davis, Assistant Commissioner
Subject:
State Aid Notice 2007-08

Regulatory Authority:
A. C. A. §§ 6-5-301, 6-20-601, 6-20-2301, 6-20-2501(all et seq.); Acts 229, 272, 273, 989,1052,1573 (2007)

Contact Person:
Vivian Roberts

Phone Number:
501-682-4258

E-mail:
vivian.roberts@arkansas.gov

The proper full citation to the text of the memo: Ark. Code Ann. §§ 6-5-301 et seq., 6-20-601 et seq., 6-20-2301 et seq., and 6-20-2501 et seq., and Acts 229, 272, 273, 989, 1052, and 1573 of 2007

The first state aid notice for fiscal year 2007-2008 has been completed and will be posted after July 19, 2007, to the Arkansas Department of Education (ADE) web site: http://www.arkansased.org/. To view a district’s state aid notice, from the drop-down menu located under Quick Links, select School Finance Reports. From the list of school finance reports, select State Aid Notice 2007-08 - PDF July 19, 2007. Type the name of the school district in the Find box, and click Next. To print a copy of the selected state aid notice, select File, Print, and then Current Page under the Print Range section. Then, click OK.

For each funding category, the following information is provided on the state aid notice: indication of the existence of an ADE Rule; the amount of state aid; the applicable statutory code and acts; indication of the existence of expenditure restrictions; the Revenue Code; and the Source of Funds Code. The DATA section of the state aid notice shows the data supporting the funding calculations. Due to the recent submission of Cycle 7 data, the previous year ADM and ALE FTE data are subject to ADE review, and any changes will result in changes to the 2007-2008 funding. Districts will be notified on the mid-year and year-end state aid notices regarding any changes to the portion of State Foundation Funding Aid that is Educational Excellence Trust Funds (EETF). Currently, an increase in the revenue forecast for EETF is expected, and the increased EETF will be posted on the mid-year state aid notice. The amount of Enhanced Educational Funding is shown, and is funded at $51 per prior year ADM. Student Growth Funding will be provided in a separate announcement following the establishment of a State Board of Education rule as per Act 272 of 2007. Alternative Learning Environment Funding is based on prior year full-time equivalent data, and as mentioned above, is subject to review. English Language Learners Funding is based on data reported on the home language survey to be completed by school districts in October 2007. National School Lunch Act Funding is based on October 1, 2006, enrollment data. Funding amounts left blank will be provided when data is available.

The Arkansas Department of Education Rules may be found at http://www.arkansased.org/. From the drop-down menu located under Rules, select Current Rules, and then select the specific rule as follows: Student Special Needs Funding - PDF Nov. 13, 2006 for the Rules Governing the Distribution of Student Special Needs Funding and the Determination of Allowable Expenditure of Those Funds; Professional Development - PDF 7/11/2005 for The Rules Governing Professional Development; Closing Isolated Schools - PDF July 2005 for the Rules Governing the Closing of Isolated Schools; Education Excellence Trust Funds - PDF 6/10/1996 for the Education Excellence Trust Funds Rule. The Arkansas Division of Public School Academic Facilities and Transportation Rule Governing the Retirement and Termination of Bonded Debt Assistance, General Facilities Funding and Supplemental Millage Incentive Funding dated November 2005 is posted on the Arkansas Division of Public School Academic Facilities & Transportation web site http://wwwarkansasfacilities.com. The Schedule of State Aid Disbursements Fiscal Year 2007-2008 is attached to Commissioner’s Memo FIN-08-001 and was posted 7/11/07. Please review your district’s state aid notice carefully. Questions may be directed to Vivian Roberts at 501-682-4258.

Attachments:

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