1 / 17

Understanding Revenue Sources for K-12 Education Funding: A Comprehensive Overview

This document provides an in-depth analysis of the two primary sources of revenue for K-12 education funding: local property tax collections and state aid. It breaks down the calculations for total per pupil funding based on full-time equivalent (FTE) students, including specifics for general education and special education funding. The guide also addresses unique considerations for isolated districts and those facing declining enrollment, outlining the foundational grants and adjustments necessary for equitable funding across various districts.

nitsa
Télécharger la présentation

Understanding Revenue Sources for K-12 Education Funding: A Comprehensive Overview

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. STATE AID EUPSBO April 2010

  2. Two Sources of Revenue Start with the Basics: Total FTE x Foundation = Total Per Pupil Funding Two Sources of Revenue Local Property Tax Collection State Aid

  3. State Aid Membership Total State Aid Membership = F ( G + J + M ) Blended Feb. Sept. General ED K-12 = G ( H x .25 ) + ( I x .75 ) Spec ED K-12 (52) = J ( K x .25 ) + ( L x .75 ) Spec ED K-12 (53) = M ( N x .25 ) + ( O x .75 )

  4. Revenue Local Revenue Per GE = D Assumed Local Revenue/GE K-12 (C-2 / G) Local Revenue Per Membership = E Assumed Local Revenue/State Aid Mem. (C-2 / F)

  5. Section 20 Foundation Grant Current year Foundation ( A ) - Local Revenue ( D ) Sec 20 State Per Pupil State Per Pupil x Gen Ed K-12 ( G ) = Section 20 Foundation Grant + 20(5)

  6. 51a.2 Special Ed Foundation Current Year Foundation ( A ) x Special Ed K-12 ( J ) 51a.2 Special Ed Foundation Sec. 52 + 20(5) adjustments

  7. Sec 51a Special Education SE Costs (4096) x .286138 + SE Transp Costs (4094) x .704165 SE Headlee Obligation - Sec 51a.2 51a Special Education add’l aid

  8. SE Hold Harmless FY97 SE + FY97 SE Transp. – 51a amount Calculation information found on MDE website

  9. Prop A Obligation Prop A State Per Pupil ( B – E ) x State Aid Membership Sec 22a Prop A Obligation Amount

  10. Spec Ed Headlee Obligation ( P x .286138 ) + ( Q x .704165 ) = Sec 51c SE Headlee Obligation

  11. Discretionary Payment Page 2 ( 20 + 51a.2 + 51a + 51a.3 ) - Page 1 ( 22a + 51c ) Sec 22b Discretionary Payment

  12. MBT Impact on Out of Formula Industrial Personal Property TV x .018 ( 18 mills ) + Commercial Personal Property TV x .012 ( 12 mills ) Sec 22e MBT Paid 100% - 08-09Paid at 9.26% - 09-10

  13. Declining Enrollment Less than 1,550 students and 4.5 pupils per square mile – use 3 yr blend Noted on State Aid Report next to membership FTEs with *

  14. Sec 29 Declining Enrollment Only Sault Schools in EUPISD Three-Year Average Membership - Current Year Blend = FTE Difference x Foundation x Proration Feb 2010 Proration = .0768294354

  15. Sec 22d.2 Isolated Districts Section 22d.2per definition K-12 district Less than 250 pupils In UP, at least 30 mi from another public school or On an island not accessible by bridge

  16. Sec 22d.2 Isolated Districts Beaver Island – CharEm ISD Burt Township (Grand Marais)- MARESA DeTour - EUPISD Mackinac Island - EUPISD Whitefish Township – EUPISD Total allocation $750,000

  17. Isolated Districts Section 22d.4 - Transportation Districts with less than 5 pupils per square mile and total area greater than 200 square miles. $33.92 per State Aid Membership for 2009-10 fiscal year

More Related