1 / 28

ARRA Education Funds 101

ARRA Education Funds 101. ARRA & Purpose. American Recovery and Reinvestment Act of 2009 (ARRA). Signed into law February 17, 2009. Unprecedented effort to jumpstart economy. Save and create millions of jobs.

trapper
Download Presentation

ARRA Education Funds 101

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. ARRAEducation Funds 101

  2. ARRA & Purpose • American Recovery and Reinvestment Act of 2009 (ARRA). • Signed into law February 17, 2009. • Unprecedented effort to jumpstart economy. • Save and create millions of jobs. • Down payment on addressing long-neglected challenges so our country can thrive in the 21st century.

  3. Billion with a Capital B $787,000,000,000

  4. ARRA

  5. ARRA - Education Money $98,238,000,000 12.48% One-time Investment

  6. ARRA Education Funds

  7. Stratford’s Share $2,939,372 = State Fiscal Stabilization $574,808 = Title 1 $1,692,748 = IDEA Part B & Preschool $5,206,928 = ENTITLEMENT TOTAL

  8. Stratford’s Position • Identified initiatives that build district’s capacity in meeting educational goals. • Fully aware the ARRA money is a historic one-time investment. • Living within our means. Avoiding budgetary “gimmicks”. Such as…

  9. CLIFF EFFECT

  10. Stratford’s Share $2,939,372 = State Fiscal Stabilization $574,808 = Title 1 $1,692,748 = IDEA Part B & Preschool $5,206,928 = ENTITLEMENT TOTAL

  11. State Fiscal Stabilization Fund • CT will receive approximately $541 million.  • Contingent upon maintenance of effort of support for education for FY 2009, 10, & 11. • The SFSF will be proportionately applied to each town’s ECS grant.   • Under the Governor’s proposed FY10 – FY11 biennial budget, towns’ ECS grants will remain at the 2008-09 level. • Punch line = Governor has supplanted ECS funds with SFSF.

  12. SFSF – How it will work… • Town Budgeted $20,495,602 for ECS. • BOE will directly receive $2,939,372. • Town will be short BOE share. • BOE will have to make application to State to receive funds. • Punch line = No NEW money is available for BOE.

  13. Stratford’s Share $2,939,372 = State Fiscal Stabilization $574,808 = Title 1 $1,692,748 = IDEA Part B & Preschool $5,206,928 = ENTITLEMENT TOTAL

  14. Title I - ARRA • Funds are to be used to close the achievement gap and enable disadvantaged students to reach their potential. • Title I funds are only to be used for eligible children and schools. • 85% must be expended by 9-30-10. • Punch line = ALL statutory & regulatory requirements apply.

  15. Supplement vs. Supplant • Intended to ensure that services provided with Title I funds are in additional to, and do not replace or supplant, services that students would otherwise receive.

  16. Title I – How it will work… • Vacation/Summer Math & Reading Camps • Additional Summer Kindergarten Transition • Kindergarten tutors @ FRA, ACA, NIC • Additional Preschool Program • Haskins Literacy Project

  17. Stratford’s Share $2,939,372 = State Fiscal Stabilization $574,808 = Title 1 $1,692,748 = IDEA Part B & Preschool $5,206,928 = ENTITLEMENT TOTAL

  18. IDEA - ARRA • These funds must be used only for the excess costs of providing special education and related services to children with disabilities. • Money must be expended by 9-30-11. • Punch line = ALL statutory & regulatory requirements apply.

  19. Supplement vs. Supplant • Intended to ensure that services provided with Title I funds are in additional to, and do not replace or supplant, services that students would otherwise receive.

  20. Maintenance of Effort (MOE) • Intended to ensure IDEA funds are not used to reduce the level of expenditures for eligible students below the level of those expenditures for the preceding year. • If BOE “Meet Requirements” on IDEA Determinations by State can use 50% of IDEA increase to “offset” district expenses.

  21. IDEA – How it will work… • Coordinating Early Intervening Funds • 15% of funds can be used for students not identified as special education. • Haskins Literacy Project • Exploring assistive technologies. • Inclusion Facilitator • 2 PreK, 8 ELE, 6 MID special education tutors

  22. Accountability & Audit • To prevent fraud and abuse, support the most effective uses of ARRA funds, and accurately track results, recipients must publicly report on how funds are used. • Due to the unprecedented scope and importance of this investment, ARRA funds are subject to additional and more rigorous reporting requirements than normally apply to grant recipients.

  23. Accountability & Audit • ARRA = Auditors Reemployment Recovery Act • Various Federal & State oversight agencies. • New Federal whistleblower protection. • Emphasis on transparency. • Real-time audits.

  24. Audit – How it will work… • Recovery funds will need to be tracked and reported separately from regular entitlement funds. • Quarterly financial and program outcome reports. • Identify numbers of jobs created/retained. • Will have to pay money back if not spent prudently and in accordance with the law.

  25. ARRA Education Funds 94.6% is formula based or earmarked.

  26. Competitive Grants • 5.4% of $98.2 billion. • “Race to the Top” Funds = $4.35 billion. • Investing in What Works & Innovation. • Teacher Incentive; teacher quality enhancement; impact aid construction. • National Competitive Grants. • Applications expected Fall 09 & Spring 10.

  27. Other Information - Under “Community” • www.stratfordk12.org - Budget Information 2009-2010 • www.recovery.gov • www.recovery.ct.gov

  28. ARRAEducation Funds 101 Any Questions?

More Related