G.A.I.N.S. Financial Review May 3, 2012. Items to be Covered. FY 2012 Mid Term Budget FY 2013 Budget Equalization State Education Finance Study Commission Other Legislation. Items to be Covered. PC Genesis Indirect Cost ARRA Reporting 15% Fund Balance. FY 2012 Mid Term Budget.
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May 3, 2012
Several issues still being addressed as to how it is to be paid
Funding on spreadsheet subject to change
Intent is to pay those teachers that were left off in FY 2011
Pupil Transportation – reduced 2% ($2,606,214)
Sparsity – reduced 2% ($53,700)
Nursing – reduced 2% ($527,990)
Some adjustments made based on changes to adjusted equalized digest as published by the Department of Audit in the Sales Ratio Study
Changes made due to a correction in the reporting of the Tax Digest from the Local Tax Commissioner to the Department of Revenue
Can have a SIGNIFICANT impact on your equalization and Local Fair Share
Alan Rees PCGenesis Lead Analyst/Developer
Diane Ochala PCGenesis Senior Analyst/Developer
Fin Indirect Reports Menu (2011)
Fin Indirect Reports Menu (2012)
Fin Indirect Reports Menu (2013)
The Financial Review Section of the Georgia Department of Education (GaDOE) along with the Department of Audits plan to host a series of joint regional meetings on the latest topics and issues in accounting. These meetings will occur sometime during early June 2012.