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Oklahoma Public School Finance Update

Oklahoma Public School Finance Update. What are the facts? U nited S uburban S chools A ssociation. What funds do schools utilize to operate?. General Fund Building Fund Sinking Fund Child Nutrition Fund Coop Fund Gifts and Endowment Fund Activities Funds .

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Oklahoma Public School Finance Update

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  1. OklahomaPublic School FinanceUpdate What are the facts? United Suburban Schools Association

  2. What funds do schools utilize to operate? • General Fund • Building Fund • Sinking Fund • Child Nutrition Fund • Coop Fund • Gifts and Endowment Fund • Activities Funds

  3. Seven Revenue Streamsto the General Fund • Ad Valorem • County Four Mill • School Land • Gross Production • Motor Vehicle • REA Tax • State Aid

  4. Ad Valorem • 2014 Unknown • 2013 $975,798,488 • 2012 $943,545,452 • 2011 $905,082,205 • 2010 $878,483,380 • 2009 $827,463,946

  5. County Four Mill • 2014 $82,606,197 • 2013 $82,246,197 • 2012 $78,423,259 • 2011 $75,465,371 • 2010 $71,260,484 • 2009 $68,501,234

  6. School Land • 2014 $93,000,000 • 2013 $101,834,904 • 2012 $93,160,723 • 2011 $83,212,992 • 2010 $60,914,061 • 2009 $50,656,184

  7. Gross Production • 2014 $60,804,754 • 2013 $66,528,645 • 2012 $57,919,963 • 2011 $97,227,004 • 2010 $78,156,027 • 2009 $70,170,935

  8. Motor Vehicle • 2014 $238,717,323 • 2013 $229,663,512 • 2012 $219,919,668 • 2011 $219,312,126 • 2010 $219,310,081 • 2009 $218,067,250

  9. REA Tax • 2014 $35,001,282 • 2013 $33,296,234 • 2012 $31,213,972 • 2011 $28,930,479 • 2010 $28,626,773 • 2009 $30,608,861

  10. Accounting for Revenue in the Formula • Oklahoma’s public school funding formula adjusts state funding to school districts based on the amount of revenue generated at the local level. • This “chargeable” revenue includes: REA Tax, Motor Vehicle, Gross Production, School Land, County 4 Mill, and Ad Valorem.

  11. State Aid Appropriations from the Legislature • 2014 $1,837,570,779 • 2013 $1,816,091,355 • 2012 $1,814,403,898 • 2011 $1,894,000,000 • 2010 $1,924,000,000 • 2009 $2,037,000,000

  12. Volatility in Chargeable Revenue Creates Need for Carryover Fund • Dramatic swings in chargeable revenue impact districts in different ways. • Carryover funds allow local districts to react to dips in chargeable revenue streams.

  13. Total Revenue • 2014 $3,351,498,823 • 2013 $3,305,459,335 • 2012 $3,328,586,935 • 2011 $3,303,230,177 • 2010 $3,260,750,806 • 2009 $3,345,004,464

  14. Total Revenue • Comparing FY 2009 to FY 2014 total state aid available to schools has increased by $6,494,359.00. • That is NOT the entire story!

  15. Weighted Student Numbers JULY December • 2014 1,057,955.47 Unknown • 2013 1,041,986.72 1,071,200.32 • 2012 1,030,947.83 1,053,078.80 • 2011 1,013,727.86 1,036,456.96 • 2010 996,510.32 1,018,540.10 • 2009 987,377.53 1,003,289.69

  16. Weighted Student Increase • Comparing July 2009 to July 2014 Oklahoma’s enrollment has increased by 70,577.94 weighted students. • Average student weight is 1.5859 • Approximate enrollment increase from July 2009 is 44,500 students.

  17. State Aid Factors / Per Pupil Funding July Final • 2014 $3,038.60 Unknown • 2013 $3,039.20 $3,035.00 • 2012 $3,041.40 $3,040.20 • 2011 $3,110.38 $3,111.58 • 2010 $3,291.20 $3,206.62 • 2009 $3,221.40 $3,275.60

  18. Per Pupil Funding Reduction • Comparing July 2009 to July 2014 the amount of state aid available per student has fallen dramatically! • Despite increased appropriations from the state, schools now have $182.80 less per weighted student than in July of 2009.

  19. Returning to Pre-Recession Per Pupil Funding • Enrollment Increase ‘09 to ’14 = 70,577.94 • Current Per Pupil Funding = $ 3,038.60 • Restore Per Pupil Funding = $ 182.80 • 70,577.94 X $3221.40 = $ 227,359,775.92

  20. New Formula Dollars AvailableMid year Calculations • Ad Valorem Unknown • County Four Mill $3,000,000 • School Land $11,420,454 • Gross Production $1,073,203 • Motor Vehicle $4,308 • REA Tax $741,955 • State Aid $39,038,468 • TOTAL $55,278,428

  21. December 2013 State Aid Allocation $55,278,428 ÷ $3,038.60 = 18,192.07 $88,768,445 ÷ $3,038.60 = 29,213.60 Ad Valorem Growth $33,490,017

  22. Why Should Schools BeFunded Better? • Pay for Reform Implementation • Pay Teachers Better • Reduce Class Size • Hire Additional Classroom Support Staff • Restore Elective Offerings • Provide Technology Advances • Restore Mandates of H.B. 1017 • Grow the Oklahoma Economy

  23. USSA Legislative Goals

  24. USSA seeks full funding for enacted reforms, or their elimination.

  25. USSA seeks an education accountability process that restores local control, uses assessments designed to accurately measure student growth, and provides an exit exam which demonstrates student preparedness for the transition to higher education or the workforce.

  26. USSA supports additional funding to return Oklahoma’s appropriated per pupil funding for common education to FY 2008 levels in order to restore the education mandates of H.B. 1017.

  27. USSA supports legislative appropriations to replace revenue lost to school districts as a result of passage of S.Q. 766.

  28. USSA opposes any further reduction in revenue sources and/or diversion of funds away from public schools.

  29. USSA supports the replacement of Oklahoma Lottery revenue in the school funding formula and moving lottery revenue to a separate line item allocation to school districts. USSA supports distributing lottery revenue to districts on a per pupil basis.

  30. USSA supports supplemental funding for the Reading Sufficiency Act for FY 2014 and seeks additional funding to provide appropriate professional development and sufficient personnel to support the needs of students struggling to reach reading proficiency by the third grade.

  31. USSA seeks a financial commitment from the Legislature to increase appropriations to public schools in order to recruit and retain quality educators.

  32. USSA seeks to maintain a defined benefit retirement program for Oklahoma educators.

  33. USSA seeks legislation requiring state agencies to use a more deliberate and transparent process when negotiating settlement agreements with third party vendors.

  34. USSA seeks legislation requiring the Oklahoma State Department of Education to work with a committee of practitioners when considering changes to cut scores on state tests. USSA seeks a more deliberate process in which changes to cut scores must be approved in the academic year preceding their effective date.

  35. USSA seeks an independent revenue stream to be provided to school districts to address safety needs.

  36. United Suburban Schools Association Fighting for the Future! www.ussaok.org

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