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702 KAR 3.246 School Allocation Formula

702 KAR 3.246 School Allocation Formula. “formula by administrative regulation which guides the way in which school district funds shall be allocated to each school council.”. I. Definitions II. March 1 – Allocation III. Administrative Costs IV. Allocation for Certified Staff

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702 KAR 3.246 School Allocation Formula

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  1. 702 KAR 3.246School Allocation Formula “formula by administrative regulation which guides the way in which school district funds shall be allocated to each school council.”

  2. I. Definitions II. March 1 – Allocation III. Administrative Costs IV. Allocation for Certified Staff V. Allocation for Classified Staff VI. Instructional Supplies, Materials, Travel, & Equipment VII. Distribution of the Balance VIII. Additional Funds IX. Budgets for Categorical Programs & Professional Development Allocations X. Contingency Fund XI. Reduction in Funds XII. Alternative Formula ections

  3. I. Definitions II. March 1 – Allocation III. Administrative Costs IV. Allocation for Certified Staff V. Allocation for Classified Staff VI. Instructional Supplies, Materials, Travel, & Equipment VII. Distribution of the Balance VIII. Additional Funds IX. Budgets for Categorical Programs & Professional Development Allocations X. Contingency Fund XI. Reduction in Funds XII. Alternative Formula ections

  4. Section 4 – Allocation for Certified Staff • Based on enrollment • Must meet cap size requirements • Must account for other positions generated by staffing policy • New and vacant positions – 95% rule • Adjustments made by Sept. 15

  5. Section 5 – Allocation for Classified Staff • Based on enrollment • Must account for other positions generated by staffing policy • New and vacant positions – 95% rule • Adjustments made by Sept. 15

  6. Section 6 - Instructional Supplies, Materials, Travel, and Equipment S – Support E- Education E – Excellence K - Kentucky

  7. Section 6 continued • Adjusted at the end of second school month for changes in ADA. • Incentives may not be purchased with this money.

  8. Section 6: (SEEK MONEY) Instructional materials money based on 3.5% of SEEK base per child: • Amount for FY 1996 = $2593 x.035 =$90.76 x prior year ADA (per child) • Amount for FY 1997 = $2673 x.035 =$90.76 x prior year ADA (per child)

  9. Section 7 – Distribution of Balance • Where will the extra money go?

  10. Section 7 Continued • An amount per prior year final ADA. • Based on pupil needs identified by school councils and designated by the local school board. • A combination of 1 and 2.

  11. Section 9 – Categorical Programs and Allocation of Professional Development Funds • Categorical Programs (i.e., Title I, Class Size Reduction, IDEA, ESS, Carl Perkins, etc.) • Professional Development Allocation

  12. QUESTIONS

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