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<p class="MsoNormal"><span style="color:black">Good Morning Everyone<o:p></o:p></span></p>
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<p class="MsoNormal"><span style="color:black">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.
<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:black"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="color:black">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.
<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:black"><o:p> </o:p></span></p>
<p class="MsoNormal"><b><u><span style="color:black"><a href="http://www.oregon.gov/ode/schools-and-districts/grants/Documents/DistrictWarrant%203-15-2017.pdf"><span style="color:black">District Statements</span></a><o:p></o:p></span></u></b></p>
<p class="MsoNormal"><b><u><span style="color:black"><o:p><span style="text-decoration:none"> </span></o:p></span></u></b></p>
<p class="MsoNormal"><b><u><span style="color:black"><a href="http://www.oregon.gov/ode/schools-and-districts/grants/Documents/ESDWarrant%203-15-2017.pdf"><span style="color:black">ESD Statements</span></a><o:p></o:p></span></u></b></p>
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<p class="MsoNormal"><b><u><span style="color:black"><a href="http://www.oregon.gov/ode/schools-and-districts/grants/facility%20grant/Facility%20Grants%20for%202015-17%20as%20of%202-28-17.pdf"><span style="color:black">Facility Grants 2015-17</span></a><o:p></o:p></span></u></b></p>
<p class="MsoNormal"><b><u><span style="color:black"><o:p><span style="text-decoration:none"> </span></o:p></span></u></b></p>
<p class="MsoNormal"><span style="color:black">Thank you<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:black"><o:p> </o:p></span></p>
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<i><span style="font-size:12.5pt;color:#1B75BC">Oregon achieves . . . together!<o:p></o:p></span></i></p>
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<b><span style="font-size:12.0pt;color:black">Adam Krein<o:p></o:p></span></b></p>
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<span style="font-size:10.0pt;color:black">State School Fund Coordinator | School Finance and Facilities
<o:p></o:p></span></p>
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<b><span style="font-size:7.5pt;font-family:"Verdana","sans-serif";font-variant:small-caps;color:black"><a href="http://www.oregon.gov/ode|">www.oregon.gov/ode<span style="font-variant:normal !important;font-weight:normal">|</span></a></span></b><span style="font-size:7.5pt;font-family:"Verdana","sans-serif";color:black">
255 Capitol Street | Salem, Oregon 97310<o:p></o:p></span></p>
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<span style="font-size:10.0pt;color:black">503.947.5678<o:p></o:p></span></p>
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