Woodford County Schools SEEK Funding Woodford County Schools SEEK Funding and Allocation Formulaand Allocation Formula

Sharon Flora CrewsUniversity of Kentucky

EDA 627: School FinanceSummer 2000

OverviewOverview

In this presentation, you will learn:

•What SEEK funding is and how it is determined

•How funding is allocated to the Woodford County District and its schools

•How the SBDM Council determines the budget.

SEEK Funding Flowchart

SEEK Funding

Allocation Formula Flowchart

Allocation Formula

Needs Assessment Process

SEEK FundingSEEK Funding(Support Education Excellence in Kentucky)(Support Education Excellence in Kentucky)

SEEK is com prised of three parts or levels.

B ase(A lso ca lled "F ou n d ation G ran t")

T ie r 1

T ie r 2

Base AllotmentBase Allotment

• The state guarantees a base amount per pupil.

• Each school district’s base funding level is adjusted by the following factors:– Number of at-risk children to be served– Number of exceptional children to be served– Cost of transportation– Number of children who are home-bound or

hospitalized

Base Allotment RequirementsBase Allotment Requirements

• The required local amount to participate is $.30/$100.00 of assessed property valuation.

• The district may raise revenues through the following taxes:– property– occupational– utility– excise

• If the assessed valuation does not generate the base allotment per pupil, the state supplies the difference.

Tier 1Tier 1

• Districts use Tier 1 if they need additional funds.

• The maximum amount that can be raised is 15% of the amount received in the SEEK Base Allotment.

Tier 1 RequirementsTier 1 Requirements

• The Guaranteed Tax Base for Tier 1 is 150% times the statewide average of taxable property per pupil.

• The district raises revenue on its assessed valuation and the state supplies the difference.

Tier 2Tier 2

• The district may raise another 15% of the Base Allotment.

• Voters in the district must approved this referendum.

• Tier 2 is strictly local funds--no state funds are provided.

Allocation Formula for Allocation Formula for Woodford County SchoolsWoodford County Schools

A llocation F lowchart

G en era l F u n dS ta te an d L oca l R even u es

M IN U S

A lloca tion F u n d sD is trib u ted to S im m on s E lem en ta ry

S B D M C ou n c il

Y IE LD S

S ec tion 3D is tric t-W id e E xp en d itu res

M IN U S C ateg orica l P rog ram s

General FundGeneral Fund

• SEEK Fund (state and local revenues) generated through the collection of the following taxes:– property - tangible (real estate, motor vehicle,

inventory, equipment, etc.)– utility – occupational

– excise on income • Federal and State Grants

• Other Revenues

Section 3 FundsSection 3 FundsAdministrative ExpendituresAdministrative Expenditures

• The District-Wide expenditures are subtracted from the General Fund.

• District-Wide Expenditures include the following:Administration Instruction

Attendance Health ServicesOperation of Plant Maintenance of PlantTransportation Fixed ChargesSchool Food Service Community ServicesCapital Outlay Debt ServiceBelow-the-Line

Categorical ProgramsCategorical Programs

• Categorical Programs are subtracted from the General Fund.• There are restrictions on use of these funds set by the

funding agency/authority.• Federal grant programs include:

Title I Title II

Title IV Title VISpecial Education (Part B) Class-size ReductionFederal Funds for Pre-school Homeless Education

• State grant programs include:

Extended School Services Gifted and Talented

Textbooks Professional DevelopmentBus Driver Training FRYCSSchool Food Service Kentucky Education

Technology System

Allocation Distributed to Simmons Allocation Distributed to Simmons Elementary SBDM CouncilElementary SBDM Council

Th e A lloca tion is d u e from th e S u p erin ten d en t to th e S B D M C ou n c il b y M arch 1 .

S ec tion 4C ert ified S ta ff

S ec tion 5C lass ified S ta ff

S ec tion 6In s tru c tion a l S u p p lies ,

M ate ria ls , Trave l,an d E q u ip m en t

S ec tion 7R em ain d er

S ec tion 9P ro fess ion a l D eve lop m en t

A m ou n t D is trib u ted toS im m on s E lem en ta ry

Section 4 Funds Section 4 Funds Certified StaffCertified Staff

• The staffing allocations are based on enrollment.

• The allocations must meet class capacity (“cap”) size requirements and other positions generated by staffing policy.

Section 5 FundsSection 5 FundsClassified StaffClassified Staff

• Staffing allocations are based on Woodford County board policy.

Section 6 FundsSection 6 Funds Instructional Materials Instructional Materials

• Instructional Material Money is based on the prior year Average Daily Attendance (ADA).

• It can only be increased or reduced at the end of the second month of school is ADA changes.

Section 7 FundsSection 7 FundsRemainderRemainder

• The balance between the amount generated in Sections 4, 5, and 6 and the amount available for distribution to Simmons SBDM Council comprises the Section 7 Funds.

• Section 7 Funds are distributed in one of three ways:– an amount per pupil based on prior year final ADA.– Based on pupil needs that have been identified by the SBDM

Council and designated by the Board.– A combination of the two.

Section 9 FundsSection 9 FundsProfessional DevelopmentProfessional Development

• Professional Development Funds are allocated by the Superintendent (based on 10th month of enrollment).

• At least 65% of the Woodford County district’s per pupil state allocation for professional development must be allocated to the Simmons SBDM Council.

• This amount must be included in the March 1 allocation to the Simmons SBDM Council.

BudgetingBudgeting

• Budgeting is a process.• Budgeting should begin with needs assessment. • A budget is the end result and should be created

only AFTER a needs assessment has been completed and the funds have been allocated to the district.

• Budgets are revisited and revised as student needs change.

Budgeting Cycle

S TE P O N EN eed s A ssessm en t

S TE P TW OA lloca tion

S TE P TH R E EB u d g et

Needs Assessment ProcessNeeds Assessment Process

• All stakeholders should be involved in the following process:– review multiple data sources.– analyze data for causes and contributing factors.– prioritize needs.– identify goals, objectives, and activities.– Set the budget.

• SBDM Council approves budget to address the goals.

SEEK Funding and Allocation Formula -The SEEK Funding and Allocation Formula -The BIG PictureBIG Picture

SEEK Funds, Federal and S tate Grants, and other revenue are provided to W oodford County School D istrict and placed in the General Fund.

G en era l F u n d L E S S

S ec tion 4C ertiifed S ta ff

S ec tion 5C lass ified S ta ff

S ec tion 6In s tru c tion a l S u p p lies ,

M ate ria ls , Trave l,an d E q u ip m en t

S ec tion 7R em ain d er

S ec tion 9P ro fess ion a l D eve lop m en t

S im m on s E lem en taryA lloca tion

Y IE L D S

S E C TIO N 3D is tric t-W id eE xp en d itu res

L E S S C ateg orica l G ran ts