[Busmgrs] Revised 2011-12 Estimates

[ELLIOTT Michael S.]

DA:             February 27, 2012

TO:             District Business Managers

FR:             Michael Elliott
                Department of Education

RE:             2011-12 State School Fund update


Good Evening,

I have posted the updates to the 2011-12 Estimate on ODE's website here: http://www.ode.state.or.us/services/ssf/2011_12-ssf-estimate-as-of-2_27_12-1959hrs.pdf. ESD estimates are available here: http://www.ode.state.or.us/services/ssf/esd-11_12-estimate-as-of-2_27_12-1931hrs.pdf.

These estimates include several changes. First, 2nd Period 2011-12 ADM was rolled into the State School Fund and is used as the ADMr basis. Second, the ADMr is further adjusted by the December to June ratio to bring estimated ADM closer to what can be expected when annual ADM is available. Third, SB 453 and the small school correction was finalized and updated with the most recent ADM. Fourth, excess ESD revenue was updated and included in the estimate. Fifth, this estimate updates the teacher experience ratio. Finally, local revenues have been updated based on some revisions to district's estimated property tax revenue..

As you will see on the cover page, we are still basing the statewide ratio on an ADMW of 662,000. This means that while each district's individual ADMr and ADMw has been adjusted for 2011-12 2nd Period ADM, the funding ratio has not been reduced. We are leaving the statewide ADMw at 662,000 to account for the impact of HB 3417.  We anticipate approximately 2,000 additional weights being added to the formula as a result of HB 3417.  By accounting for that increase in ADMw now we are avoiding the very real possibility of having to reduce funds in the future.  This also maintains the consistency of the State School Fund Payment moving forward.

The March 2012 payments will be based on these estimates.  Addition estimates will be produced up to the 2012 May payment as additional information is gathered.

If you have any questions, please feel free to contact me.

Sincerely,

Michael Elliott, State School Fund Coordinator
Oregon Department of Education
503-947-5627
Michael.S.Elliott at ode.state.or.us




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