1 / 18

Arizona School Finance The Equalization Formula

Arizona School Finance The Equalization Formula. How many parents?. Does treating your kids fairly mean:. Spending equally on them?. Buying them identical products?. Spending equal time with each child?. Participating in identical activities?. Equalization – My Definition.

tex
Download Presentation

Arizona School Finance The Equalization Formula

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Arizona School Finance The Equalization Formula

  2. How many parents? Does treating your kids fairly mean: • Spending equally on them? • Buying them identical products? • Spending equal time with each child? • Participating in identical activities?

  3. Equalization – My Definition • Equalization is the process of providing equal funding for all students in Arizona based on the student’s individual needs.

  4. Student Weights • Size of the District/Isolation Status • Grade Level • Special Education

  5. Teacher Experience Index • Teacher Experience Index (TEI) • Calculates the average experience of the certified teachers at a District • District avg. is compared to State avg. • If District avg. exceeds State avg. they are awarded additional funding, if not then there is no penalty.

  6. Transportation Funding • Approved Daily Route Miles • Miles traveled per student • Field Trips, Extended Year Handicap

  7. Equalization Base • The amount yielded by the per pupil formula. • The base for determining how much funding will be made available to a District.

  8. Equalization Assistance • The amount of State funding generated by the per pupil formula. • Equalization Assistance equals the Equalization Base minus the Qualifying Levy.

  9. Average Daily Membership • The number of students credited to the District in the per pupil formula. • Based on Enrollment not Attendance. • Currently the first 100 days but will change to 4 specific dates.

  10. Here come the numbers…. • Total Weighted Student Count • The Base Support Level (BSL) • TSL/TRCL • Revenue Control Limit • CORL/SCA • Equalization Assistance

  11. Total Weighted Student Count • Group A – Multiply ADM by the appropriate grade level weight. • Group B – Multiply ADM for students with needs by the weight for that need. • Total = Group A + Group B

  12. The Base Support Level • A Base Level is established for all Districts and may be increased only under certain circumstances. • BSL = Total Weighted Student Count * Base Level * TEI + Adjustments

  13. TSL vs. TRCL • The Transportation Support Level (TSL) is primarily based on Approved Daily Route Miles and Eligible Students. • The Transportation Revenue Control Limit (TRCL) is based on the change in the TSL.

  14. Revenue Control Limit • Equals Base Support Level + TRCL • Only difference from District Support Level is TRCL vs. TSL

  15. CORL and SCA • Capital Outlay Revenue Limit (CORL) is calculated based on student count and grade. Additional CORL for HS textbooks. • Soft Capital Allocation (SCA) is calculated based on student count and grade.

  16. Equalization Base Equalization Base is the sum of (lesser of) RCL/DSL, CORL, SCA, Type 03 Tuition.

  17. Equalization Assistance • Equalization Assistance equals the Equalization Base minus the Qualifying Levy. • Qualifying Levy equals Assessed Valuation (Primary + SRP) divided by 100 and multiplied by the Qualifying Tax Rate.

  18. Questions?

More Related