[Busmgrs] 2014-15 Estimates

[ELLIOTT Michael S]

Dear Business Managers,
The latest 2014-15 Estimates have been posted to our website. You can find them at the following links:
Districts: http://www.ode.state.or.us/services/ssf/2014-15-ssf-estimate-as-of-4-29-15-1100.pdf
ADMw Breakouts: http://www.ode.state.or.us/services/ssf/transparency-estimate-4-29-15-1100-hrs.pdf
ESDs: http://www.ode.state.or.us/services/ssf/esd-14-15-estimate-as-of-4-29-15-1100-hrs.pdf

The items updated in this estimate are the 11% Cap Waiver calculation and continued updates to local revenue by the district. With the update to the 11% Cap Waiver calculation, all weights have been updated as much as they can be for 2014-15. Thus, local revenue numbers would be the only thing that would change at this point. Unless significant changes are made to 2014-15 local revenues, these are likely to be the last 2014-15 estimates issued before the May Reconciliation.

We will be issuing another 2013-14 estimate once all bus and garage depreciation forms are in and the transportation expenses are finalized. Also districts have noticed a couple of errors in their reporting for the 2013-14 High Cost Disability actuals. Thus, that calculation will need to be redone. A new actuals reimbursement summary will be issued before the May Reconciliation.

Some are wondering about the next 2015-16 estimate. At this point we are not going to issue another 2015-16 estimate until the May Forecast. As some may be aware, the Legislature provided that if the May Forecast is higher than the March Forecast, then 40% of that additional revenue will go to the State School Fund. We will monitor the forecast and will plan to issue another estimate shortly after the forecast is announced.

Thank you for your help and quick responses to my inquiries and requests as we approach the May reconciliation. It has helped make the process as smooth as possible.

If you have any other questions, please let me know.

Thank you,
Michael


Michael Elliott
State School Fund Coordinator | Office of Finance & Administration|School Finance & Pupil Transportation Unit| Oregon Department of Education
Office: 503.947.5627 | Fax: 503.378.5156 | *michael.s.elliott at state.or.us




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