[Busmgrs] 2010-11 State School Fund update

[WILTFONG Michael]

DA:             March 17, 2011

TO:             District Business Managers

FR:             Michael Wiltfong
                Department of Education

RE:             2010-11 State School Fund update


Good afternoon,

Just a quick note to let you know we've posted revised State School Fund (SSF) estimates for 2010-11on the SSF website at the following URL: http://www.ode.state.or.us/search/results/?id=168

In keeping with ORS 327.099, we have also posted the December to June (D2J) Ratios and ADM Adjustments report on the SSF website under the K-12 School Funding Information link. The URL is http://www.ode.state.or.us/search/page/?id=1363  and the D2J section is near the bottom of the page.

The rationale behind ORS 327.099 is ADM tends to be overstated at the mid-year, so we look at the previous two years' ADM trend from December to June and create a ratio, and apply that to the current year's ADM. As you'll notice it makes an adjustment of approximately 3,600 ADM statewide which represents about $20 million in the SSF. Based on previous years' reconciliations, this practice has helped minimize the amount swing in the funding ratio from mid-year to final reconciliation.

I also want to remind everyone the 2009-10 High Cost Disability (HCD) Grant collection closes tomorrow and as of noon today there are 29 districts that haven't reported but received a preliminary 2009-10 HCD payment in May 2010. I am attaching the current results, but please note the reimbursement rate is subject to change as more data becomes available. I should have final results posted late next week.

I know everyone is anxious to see their 2009-10 updates. Now that we have SSF estimates posted for 2011-12 and 2010-11, it is my hope to have an update for 2009-10 posted by the end of next week. This next estimate will include updates to ADM, local revenues and transportation costs.

Also, I want to thank everyone for your cooperation with the 2009-10 ARRA Expenditures collection. I know this was an impromptu request at a very busy time of year, and I really appreciate everyone submitting their data on time.

And in closing, Happy St. Patrick's Day everyone!



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