[Busmgrs] November Estimates

[ELLIOTT Michael S.]

Good Morning Business Managers,

As promised, please find the latest estimates posted on our website. The district estimates are here: http://www.ode.state.or.us/services/ssf/2013-14-ssf-estimate-as-of-11-7-13-2321-hrs.pdf. The ADMw breakouts are here: http://www.ode.state.or.us/services/ssf/2013-14-ssf-estimate-as-of-11-7-13-2321-hrs.pdf. Also the ESD estimates are here: http://www.ode.state.or.us/services/ssf/esd-13-14-estimate-as-of-11-7-13-2338-hrs.pdf. The November payments will be based on these estimates.

These estimates account for three major changes:
1.      District changes
2.      Federal Forest Fees
3.      Increases in Common School Fund and Network of Quality Teaching and Learning (NQTL) carve-out.

Many districts have requested and made changes to their local revenue and enrollment figures. All of the changes that were made as of November 6 have been captured in these new estimates.

As you are aware, the federal government is funding the federal forest fee program for another year. The funds are at 95% of the 2012-13 amounts. Thank you for your help in getting those numbers updated. The total increase to the formula will be approximately $13.8 million.

Finally, the Common School Fund was increased by $6 million. However that is offset by an additional increase in the NQTL carve-out of $6 million. HB 2322 created the NQTL and funded it with carve-outs from the State School Fund. The first $38 million of the carve-out has already been included in the formula in the cover sheet to the estimates. HB 2322 also authorized an additional $12 million to be taken from the State School Fund only if the State Land Board authorized an additional $12 million in distributions from the Common School Fund. The State Land Board made that authorization in October and the extra $12 million will be distributed according to the regular schedule. Thus, the formula will see an additional $6 million each year and a corresponding increase in the NQTL carve-out.

Please let me know if you have any questions on these estimates.

Thank you and I hope everyone has a good Veteran's Day Weekend.

Michael

Michael Elliott, State School Fund Coordinator
Oregon Department of Education
503-947-5627
Michael.S.Elliott at ode.state.or.us




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