[Busmgrs] Updates to State School Fund Estimates

[WILTFONG Michael]

DA:             April 9, 2010

TO:             District Business Managers

FR:             Michael Wiltfong
                Oregon Department of Education

RE:             Updates to State School Fund Estimates


Good morning everyone:

I have posted revised State School Fund (SSF) estimates for 2009-10 and 2010-11 on the SSF website at the following URL: http://www.ode.state.or.us/search/results/?id=168. Not much has changed for 2009-10 since my last posting on March 9 - just some minor adjustments to a few districts' data. I will rebalance for this year one more time just before I make the reconciliation payment in May.

Not much has changed for 2010-11 since the March 1 estimate. Most notable is I have lowered the statewide Extended ADMw from 664,000 to 663,000 which has resulted in a slight improvement in the funding ratio. There were some minor adjustments to data for several districts, but other than that I just wanted to post an update to show funding levels since my first estimate in early March.

I hope to have revised estimates for 2008-09 posted early next week. I had hoped to have updates posted this week, but unfortunately the April SSF payment and the ARRA SFSF quarterly reports occupied just about all of my time. I still need to update a few data elements, but I'm confident we should see a slight improvement in the funding ratio since my last estimate in February.

I have also posted a revision to the 2008-09 High Cost Disability Grant calculations as there were several districts that needed to make adjustments or additions. The prorate has been reduced slightly since my initial posting in March, which will adjust your reconciliation somewhat, so I would recommend to check your district's data again and let me know immediately if you have any concerns. I need to close this collection and roll the data into the State School Fund calculations, so if I don't hear from anyone in the next 48 hours, will consider the collection closed.

 I want to close by saying thank you to everyone for your cooperation with submitting your ARRA SFSF quarterly reporting data. I'm pleased to say we again had 100% compliance statewide. Nice work everyone!




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