Or. Admin. Code § 581-030-4100 - State School Fund and Statewide Education Initiatives Account Fund Calculation for Approved Recovery Schools
(1) The
amount of the distribution from the State School Fund shall be equal to the
product of the Recovery School Program ADM times 2.0 times Statewide Average
General Purpose Grant per ADMw.
(2)
Based on estimates of the distribution calculated in subsection (c) of this
rule, funds shall be transferred to the Recovery School Program approximately
35 percent on the 15th day of each of the months of July and October, 15
percent on the 15th day of January, and the balance on April 15.
(3) Adjustments to reflect actual Recovery
School Program ADM and the actual Statewide Average General Purpose Grant per
ADMw shall be made on May 15 of the subsequent fiscal year.
(4) For the allocations made from the State
Education Initiative Account (SEIA), a Recovery School shall receive a Minimum
Basis of funding, which will provide a portion of the balance of resources not
provided by the SSF for actual cost for providing education to students, to the
greatest extent practicable. If the amount from the SSF exceeds the Minimum
Basis, then additional resources from the Minimum Basis won't be
necessary.
(5) For any remaining
SEIA funds after the Minimum Basis is established for each Recovery School, the
SEIA Formula Balance will apply an equitable proration using the ADMw of each
school. This amount will be in addition to the Subtotal Funding of both the SSF
portion and the Minimum Basis portion. This becomes Total Funding, which
represents the SSF portion plus the SEIA portion plus the SEIA Formula
Balance.
(6) A reserve will be
established in the preliminary payments of the SEIA funds at the discretion of
the Recovery School program administrator until final reconciliation in the
following year. This is intended to provide positive cash flow and help with
smoothing in the netting of reconciliation payments.
(7) Any remaining funds allocated to approved
recovery schools from the SSF and the SEIA Account shall remain with the
Department of Education and shall be adjusted in the year following the
distribution to reflect the actual ADMw of student in the approved recovery
schools in the same manner as for school districts under ORS
327.101.
Notes
Statutory/Other Authority: ORS 336.680 & ORS 327.029
Statutes/Other Implemented: ORS 336.680
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