(1)
Purpose of Program. The
purpose of the growth component of the Capital Outlay Program is to provide a
systematic, equitable means of making state assistance available to local
school systems for meeting their capital outlay needs for new educational
facilities required as a result of growth.
(2)
Terms and Conditions. To be
eligible to receive funds, a local school system must submit to the department
an application that explains how the system plans to use growth entitlement to
provide new educational facilities and/or additions to existing schools
required because of growth. In the application, the system must show how its
request for growth entitlement funds correlates to the system's approved
long-range facilities plan. A local school system receiving these funds agrees
to meet all terms and conditions specified in state law and to provide required
matching local funds of 8-20 percent of the eligible project costs based on the
system's local participation factor.
(3)
Eligible Recipients. Local
school systems are eligible to receive these funds.
(4)
Criteria for Award. Funds
are not awarded on a competitive basis. Using the formula below, growth
entitlement earnings are calculated annually as soon as the average full-time
equivalent (FTE) student counts for the last completed school year are
available. Shortly after the beginning of each new fiscal year, each school
system is notified in writing by the department of its regular and growth
entitlement earnings.
|
a. Average Annual FTE for most recent
three years -
|
Average Annual FTE for the last three
years prior to the completed school year
=
|
Average Annual FTE Growth for Each
System (Positive Nos. Only) (Must be equal to or greater than 65 to
qualify)
|
|
b. Average Annual FTE for most recent
three years for each school system Average Annual FTE
for the last three years prior to the last completed school year
|
=
|
Each School System's Rate of Growth (Must be equal to
or greaterthan 1.5% to qualify)
|
|
c. Each ELIGIBLE School
System's Average Annual FTE Growth Total Statewide
ELIGIBLE Growth
|
=
|
Each ELIGIBLE System's
Ratio of Growth
|
|
d. ELIGIBLE School
System's Ratio of Growth (from above calculations) (set by Legislature
annually- earned currently $100, $80, $60, & $40million levels)
|
Annual Program * Authorization Level
=
|
Each ELIGIBLE School
System's Annual Entitlement Earnings for Exceptional Growth
(Entitlement by eligible systems is contingent upon the program authorization
level set by the Legislature annually.)
|
(5)
Directions and Deadlines for Applying. Based upon the earnings
information, each school system decides each year whether to submit an
application to the department requesting use of entitlement funds or to allow
its entitlement to accrue until a later year. Completed applications must be
submitted to the department by no later than September 1 of each year. The date
state funds become available each year is dependent upon the funding source the
General Assembly designates for the growth applications submitted. Requests for
information and applications should be made to the Facilities Services Unit,
Office of Finance and Business Operations, Georgia Department of Education, 205
Jesse Hill Jr. Drive, SE, 1670 Twin Towers East, Atlanta, Georgia
30334-5001.
Notes
Ga. Comp. R.
& Regs. R.
160-1-4-.163
Authority O.C.G.A.
Sec. 20-2-260.
Original Grant
description entitled "Capital Outlay Program-Growth Component" received
February 14, 1996.
Submitted:
Jul. 30,
1996.
Submitted:
Nov. 2,
2006.
