by Coy Holcombe.
Yesterday we looked at the numbers for which the 09-10 budget was based. Today, we are going to look at the funding generated by these numbers. We will also review the different types of state funding categories provided to our district. We will look at federal and special programs funding at a later time.
09-10 Summary of Finance
|Regular Block Grant||$6,642,593|
|Regular Special Education Block Grant||$835,576|
|Special Education Mainstream Allotment||$286,284|
|Less Charge for ECI Project||-$7,695|
|Career & Tech||$555,181|
|Gifted & Talented||$43,953|
|Less Charge for AP Testing||-$298|
|High School Allotment||$116,765|
|Total of Tier I||$9,659,636|
|Less Local Share||$4,558,008|
|Tier I State Aid||$5,101,628|
|Tier II State Aid||$453,217|
|Transfer to SFSF||-$248,624|
|Less Available School Fund||-$369,292|
|Foundation School Fund||$4,987,429|
|Available School Fund State Portion||$154,614|
|Existing Debt Allotment||$51,242|
|Total State Aid||$5,698,230|
Notes on different types of funds:
Regular Block Grant – This is the money based on our average daily attendance.
Special Education Regular Block Grant – Based on special education FTEs.
Special Education Mainstream – Based on special education students that receive all of their instruction in the regular classroom setting.
Career & Technology – Based on classes that are classified as career and technology classes (such as ag, home ec. business, etc.)
Gifted and Talented – Based on the number of students identified as gifted and talented.
Compensatory – Based on the number of students qualifying for free or reduced meals.
Bilingual – Based on the number of students receiving services through English as a second language.
High School Allotment – Based on the ADA of grades 9-12.
Local Share – This amount is subtracted from your Tier I aid. This is based on your certified taxable value from the previous year. That amount is multiplied by $.0086 to arrive at the local share.
Tier II Aid – Based on your tax effort
Staff Allotment – Based on the number of auxiliary staff members
Transfer to SFSF – Amount of state aid that has been replaced by federal aid. This is a new category of aid and is tied to federal stimulus money.
Available School Fund – Amount of aid that school districts get based on the performance of the Permanent School Fund
Technology Allotment – Based on a district’s weighted ADA
Existing Debt Allotment – Used to help a district pay for voter approved bonds. Main factor in this funding is ADA.
SFSF Available – New category. The state used federal funds to take the place of state available funds.