BASIC SCHOOL FINANCE. Jeff B. Mills, Executive Director, OSSBA Steven Crawford, Executive Director, CCOSA. OKLAHOMA SCHOOL FINANCE. REVENUE “SHOW ME THE MONEY” BUDGET “WHERE DID IT GO?” Site Budgets Activity Accounts Budgets District Budgets Review ACCOUNTING “OCAS” .
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BASIC SCHOOL FINANCE
Jeff B. Mills, Executive Director, OSSBA
Steven Crawford, Executive Director, CCOSA
“A Thousand Sources – Mostly Taxes”
$11,000 - $1,000 = $10,000 X 35 mills = $350
County 4 mill $10,000 X 4 mills = $40
(Local 35 mills + Intermediate 4 mills = General Fund 39 mills)
d. Grants – Categorical
f. Adult Ed. Matching
g. Driver Education
h. Advance Placement Incentives
j. Additional Homestead Reimbursement
k. Child Nutrition
l. Vocational Programs
Foundation Aid Factor ($ 1,642) = $ ______
Total Chargeables: $________
PK(1/2) 0.7 4th-6th 1.0
PK (f) 1.3
K 1.5 Ungraded 1.2
4 th Grader
Summer Sp. Ed.
Weighted KidThe 4th Grade, Econ. Dis., Bilingual, Gifted, Visually Imp. Summer Special Ed. Kid
(Free and Reduced Lunch Count)
State Aid changes if “factors” change
1. Property Insurance
ex: __ valuation is $189,000,000. The maximum debt is $18,900,000.
5. FINAL BUDGET SEPTEMBER