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Fair Student Funding Overview
Budget Overview For 2014-15 School Year
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I. FY14 Revised Base Allocations |
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a=b+c
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$2,536,998 |
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FY14 TL Fair Student Funding and TL 09 C4E CTT net of one-shots*
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b |
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$2,536,998 |
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(FY14 initial Fair Student Funding allocation adjusted for register changes)
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FY14 TL Funds Over Formula
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c |
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$0 |
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FY14 TL Revised Base Allocations
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a
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$2,536,998 |
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Adjustment for Register Change |
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f
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$175,251 |
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Adjustment for System-wide Teacher Salary Growth
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g
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$0 |
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Foundation for New Schools
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h
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$0 |
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III. FY15 Fair Student Funding Formula
at 100% |
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i
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$3,081,479 |
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FY15 Initial Percent of Formula
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[d] FY15 Fair Student Funding Preliminary Allocation - Foundation ($225,000) |
j= |
($2,712,249
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$225,000) |
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$2,487,249 |
=
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87.07%
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[i] FY15 Fair Student Funding Formula - Foundation ($225,000) |
($3,081,479
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$225,000)
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$2,856,479 |
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Note: Funds in excess of 100% are allocated in TL Funds Over Formula. |
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IV. FY15 Initial Fair Student Funding Allocations |
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d
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$2,712,249
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TL Fair Student Funding (HS) |
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$2,640,511 |
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TL 09 C4E CTT (HS) |
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$71,738 |
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TL Funds Over Formula (HS) {amount exceeding the formula} |
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$0 |
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