[Busmgrs] March 2017 State School Fund Payment

[KREIN Adam - ODE]

Good Morning Everyone

The links to your March payment with the changes and updates reflected in the estimate posted yesterday are below. Since we only have two months left till we reconcile in May we have started the process of calculating the payment to reflect your districts remaining balance. This payment does not reflect changes you may have made to the 17-18 Estimate of membership and Revenue over the past couple weeks. Due to time constraints on getting out another estimate prior to preparing the March payment I was not able to update. I will however update those changes for April and rebalance for 16-17. In the mean time I will be working on the 15-16 estimate.

Those districts that submitted a facility grant will have it posted on your statement. We had over $400 million dollars in grant applications this biennium decreasing the $12.5 million dollar facility grant to 3.11% pay outs. Due to the large amount of applications we had to draw back some funds from the first year. For the 2017-19 Biennium the facility grant will be decreased to $9 million dollars over the two years.

District Statements<http://www.oregon.gov/ode/schools-and-districts/grants/Documents/DistrictWarrant%203-15-2017.pdf>

ESD Statements<http://www.oregon.gov/ode/schools-and-districts/grants/Documents/ESDWarrant%203-15-2017.pdf>

Facility Grants 2015-17<http://www.oregon.gov/ode/schools-and-districts/grants/facility%20grant/Facility%20Grants%20for%202015-17%20as%20of%202-28-17.pdf>

Thank you

[cid:image006.jpg at 01D27573.A02D0700]
Oregon achieves . . . together!

Adam Krein
State School Fund Coordinator | School Finance and Facilities
www.oregon.gov/ode|<http://www.oregon.gov/ode|>  255 Capitol Street  |  Salem, Oregon 97310
503.947.5678







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