Okla. Admin. Code § 210:25-3-1 - Appropriations to districts
(a) School
districts shall qualify for an initial appropriation of funds pursuant to law
if the following conditions have been met:
(1) The district was accredited for the
previous year.
(2) The Annual
Statistical Report has been filed.
(b) Not more than fifty (50) percent of the
State Aid will be paid to any district until the district has filed the
following: (70-18-116)
(1) Final Teacher
Personnel Report.
(2) Estimate of
Needs and Financial Statement (Budget).
(3) School District Financial Report for the
previous year. (Expenditures and Revenue)
(c) If the district budget, as filed with the
State Auditor, does not provide sufficient funds to operate the school for a
full term based upon the following calculations, as a minimum level of revenue,
the State Board of Education, after due notice to the district board of
education, shall determine at its next regular meeting whether annexation is
required.
(d) Minimum level of
income is determined using the following calculation:
(1) Total appropriations approved by excise
board, plus any unallocated State, Federal or other funds.
(2) Total of current year's certificated and
non-certificated salaries plus teachers' retirement and social
security.
(3) The total of (1) +
(2) of this section plus actual cost for the previous year's transportation,
plant operation and other fixed charges. (These cost items exclude salaries of
the previous year).
(4) Total
Income = (1) of this section - the total of (2) + (3) of this
section.
(5) When the cost under
the total of (2) + (3) of this Section exceeds the income listed under (1), the
State Board shall be notified at the next meeting.
Notes
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.