From michael.s.elliott at state.or.us Tue Feb 2 10:17:16 2016 From: michael.s.elliott at state.or.us (ELLIOTT Michael S - ODE) Date: Tue, 2 Feb 2016 18:17:16 +0000 Subject: [Busmgrs] OSCIM Program Deadlines Message-ID: Dear Business Managers, For those involved with the OSCIM Program for the May election I wanted everyone to be aware of two upcoming deadlines. For those districts that received an initial commitment they will need to provide the following to the OSCIM Program: 1. A copy of the board resolution authorizing the bond election by February 25, 2016. 2. A copy of the election application that is filed with the county elections office by March 8, 2016. For those that have received an initial commitment, more information will be following. If you are unsure which districts applied and received a commitment, you can view the recipients and the waiting lists here: http://www.ode.state.or.us/wma/sf/priority-and-first-in-time-lists.pdf. Thank you, Michael Michael Elliott State School Fund Coordinator | Office of Finance & Administration|School Finance & School Facilities| Oregon Department of Education Office: 503.947.5627 | Fax: 503.378.5156 | *michael.s.elliott at state.or.us -------------- next part -------------- An HTML attachment was scrubbed... URL: From michael.s.elliott at state.or.us Thu Feb 11 09:51:25 2016 From: michael.s.elliott at state.or.us (ELLIOTT Michael S - ODE) Date: Thu, 11 Feb 2016 17:51:25 +0000 Subject: [Busmgrs] February Warrants Message-ID: Good Morning Business Officials, The February payment information has been posted to the web. Districts: http://www.ode.state.or.us/services/ssf/districtwarrant-2-6-15.pdf ESDs: http://www.ode.state.or.us/services/ssf/esdwarrant-2-6-15.pdf The next update for 2015-16 will include second period data. So if you have updates to ADM for 2015-16, they can wait as we will be using second period data from the next update until the end of the year. However, if you would like to update 2015-16 revenue you can do that. Thank you to the many districts that have reviewed their revenue and provided updates. Please let me know if you have any questions. Thank you, Michael Michael Elliott State School Fund Coordinator | Office of Finance & Administration|School Finance & School Facilities| Oregon Department of Education Office: 503.947.5627 | Fax: 503.378.5156 | *michael.s.elliott at state.or.us -------------- next part -------------- An HTML attachment was scrubbed... URL: From michael.s.elliott at state.or.us Thu Feb 18 10:35:18 2016 From: michael.s.elliott at state.or.us (ELLIOTT Michael S - ODE) Date: Thu, 18 Feb 2016 18:35:18 +0000 Subject: [Busmgrs] Revisions to temporary OAR for OSCIM Program Message-ID: Dear Business Managers, ODE is planning on submitting the permanent OAR for the OSCIM Program to the State Board of Education at their March 3, 2016 meeting. The rules will essentially remain the same as the temporary rules that were adopted in December 2015. A copy of the temporary rules that were adopted is available here: http://www.ode.state.or.us/superintendent/priorities/4.c--new-oars-for-oregon-school-capital-improvement-matching-program---mse-edits.pdf. The permanent rules will have several changes, based on feedback from districts and the Advisory Group, that are summarized below. The rules should be up on the State Board's website in time for the March 3 meeting: 1. The OSCIM Program will match actual bond proceeds up to the amount of the initial commitment. This is not an issue for districts going for bonds far greater than the formula maximum. However, if a district seeks a bond that is less than the formula maximum, the OSCIM Program will not match actual bond proceeds in excess of the initial commitment. a. For example, if a district receives an initial commitment for $2 million and the district sells the bonds at a premium for $2.2 million, the OSCIM Program will only match the $2 million. b. Conversely, if the district's proceeds from the sale of the bond are $1.9 million, then the OSCIM Program can only match up to the $1.9 million. c. Costs of issuance are not deducted from the proceeds before the match. 2. A district that receives a commitment, passes a bond, and meets all other program requirements may not apply for another commitment for the next three funding cycles. 3. Subject to ODE approval, a district may use OSCIM Program funds to match a bond that also includes the reimbursement of previously incurred capital costs. d. For example, a district purchased land a year ago in anticipation of building a new school, and used short term financing to purchase the land. Subject to Department approval, the OSCIM Program will match a bond that includes the reimbursement of the land purchase as a use of the bond proceeds. The Department approval is to ensure that the Department is complying with its constitutional and statutory requirements 4. A district may not use a bond that is strictly intended to refinance current general obligation debt as a basis for an OSCIM Program application. 5. A district may not use a successful election as a basis for future OSCIM Program funds. e. The goal of the program is to provide incentives to local voters to invest in their school facilities. To ensure equity across time, the OSCIM Program is to ensure that funds are available for each election in a biennium. The program ensures that those districts that choose to apply for an election later in the biennium have funds dedicated to that election. If a district were permitted to use a successful election earlier in the biennium as a basis for future applications, then that would disadvantage the districts that had to wait to apply for the OSCIM Program later in the biennium. If a district would like to comment on the proposed rules before the State Board at the March hearing, you can review the testimony and comment procedures here: http://www.ode.state.or.us/search/page/?id=3185. Thank you, Michael Michael Elliott State School Fund Coordinator | Office of Finance & Administration|School Finance & School Facilities| Oregon Department of Education Office: 503.947.5627 | Fax: 503.378.5156 | *michael.s.elliott at state.or.us -------------- next part -------------- An HTML attachment was scrubbed... URL: From michael.s.elliott at state.or.us Fri Feb 26 15:26:25 2016 From: michael.s.elliott at state.or.us (ELLIOTT Michael S - ODE) Date: Fri, 26 Feb 2016 23:26:25 +0000 Subject: [Busmgrs] 2016-17 Update Message-ID: Dear Business Managers, I know that everyone is eagerly awaiting the 2016-17 estimates from ODE. We are working diligently on getting those out to everyone. As you may know ODE must have those estimates out by the first Monday in March. This year that is March 7. We may need until that time to provide you with the estimates. We are hard at work on implementing HB 2150 which changes the way we calculate ADMw for districts and charter schools. This is a significant change to the way the Stat School Fund is programmed at ODE. We are very close to being done with that programming chance. Once we are done we will be able to provide new 2016-17 estimates. These estimates will look and feel slightly different but should continue to provide districts with the information they need. Because we are still finishing up we may need until March 7 to get the estimates out to you. I would like to mention that ODE's IT staff has been of great assistance in this project. Many thanks to Wendy Finley, Mike Mendez, Chris Edison, Dan Ricketts, Susie Strangfield, and Leah Thorpe. They have done great work. Thank you for your patience and please let me know if you have any questions. Michael Michael Elliott State School Fund Coordinator | Office of Finance & Administration|School Finance & School Facilities| Oregon Department of Education Office: 503.947.5627 | Fax: 503.378.5156 | *michael.s.elliott at state.or.us -------------- next part -------------- An HTML attachment was scrubbed... URL: