ADE Director's Communication Memo Form


Memo Number : FIN-09-091

Date Created : 06/29/2009

Attention:

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

Type of Memo: Administrative
Response Required: No
   
Section:   Fiscal and Administrative Services - William J. Goff, Assistant Commissioner
Subject:
2008-2009 Expenditure Requirements for Gifted and Talented Programs

Regulatory Authority:
Ark. Code Ann. Sec. 6-20-2208(c)(6) 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:
kathleen.crain@arkansas.gov

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).

A spreadsheet is attached that shows each districtís 2008-2009 spending requirement for Gifted and Talented Programs based on the Foundation Funding amount of $5,789.

Attachments:

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