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Fair Student Funding Overview
Budget Overview For 2012-13 School Year
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I. FY12 Revised Base Allocations |
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a=b+c+d+e+f
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$6,588,610 |
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FY12 TL Fair Student Funding and TL 09 C4E CTT net of one-shots*
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b |
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$6,679,674 |
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(FY12 initial Fair Student Funding allocation adjusted for
register
changes and cuts) |
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Other FY12 Allocations added to the base as per FY13 policy |
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FY12 TL Funds Over Formula (final) |
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c |
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$0 |
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FY12 TL Phase I SE Transitional Funding (21-59% support) portion |
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d |
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$0 |
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Note: Remaining Phase I SE Transitional Funding (
$0
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is not added
to the base. |
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Adjustments to FY12 allocations to align with FY13 policy |
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FY12 Final Special Education Empty Seats funding (removed from base) |
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e
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($91,064) |
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Note: Refer to Section V. below for FY13 TL SE Transitional
funding
allocated for empty seats. |
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FY12 High School Transfer Weight formula change (removed from base) |
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f
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$0 |
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FY12 TL Revised Base Allocations
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a
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$6,588,610 |
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Adjustment for Register Change |
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h
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$956,037 |
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Adjustment for System-wide Teacher Salary Growth
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i
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$70,533 |
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Foundation for New Schools
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u
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$0 |
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III. FY13 Fair Student Funding Formula at 100% |
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j
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$8,574,509 |
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FY13 Final Percent of Formula |
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[g] FY13 Fair Student Funding Preliminary Allocation - Foundation ($225,000) |
k= |
($7,615,180
- $225,000) |
=
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$7,390,180 |
=
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88.51%
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[j] FY13 Fair Student Funding Formula - Foundation ($225,000) |
($8,574,509
- $225,000)
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$8,349,509 |
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Note: Funds in excess of 100% are allocated in TL Funds Over Formula. |
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IV. FY13 Initial Fair Student Funding Allocations |
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g
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$7,615,180
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TL Fair Student Funding (HS) |
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$7,507,638 |
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TL 09 C4E (HS) |
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$107,542 |
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FY13 Funds Over Formula (HS) {amount exceeding the new formula} |
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$0 |
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