School+Finance+Week+3

School Finance Week Three

I made this week’s work harder than I was supposed to. It was as simple as looking at the numbers and making the correct determinations. Our position statement was simple and to the point. District 1 has the smaller ADA, it has the larger WADA because more of its students have special needs (i.e., economically disadvantaged, LEP, special education) resulting in a higher cost to educate. Mary did a great job spearheading the group this week.

Using the documents and collaborating with cohort members made this assignment easier. The assignments this week required a certain amount of looking through TEA information along with searching other websites for the calculations. Searching through other district sites helped me put the calculations into understandable terms. What helped the most was collaborating with group and cohort members.


 * The various attempts to balance the educational opportunities for students have gone array in this case. The intent of the WADA is to provide additional resources per student with specialized needs. The group deduced in my opinion that equalization will not be completely possible across given the multiple variables. Tax collections, WADA, district size, and how the funds are budgeted will make a constant variable in the school funding process. ||

the above was from cohort member Darla Massey-Jones
 * **PART II** || District One || District Two ||
 * Revenue per WADA@Compressed Rate || $ 5,044.00 || $ 7,206.00 ||
 * Weighted ADA (WADA) || $ 5,555.815 || $ 4,794.076 ||
 * Revenue per WADA@Compressed Rate || $ 5,044.00 || $ 7,206.00 ||
 * Target Revenue = Revenue per WADA times WADA ||  ||
 * Target Revenue || $ 28,023,530.86 || $ 34,546,111.66 ||
 * High School Allotment || $ 264,196.00 || $ 312,260.00 ||
 * Salary Allotment || $ 134,334.00 || $ 129,563.00 ||
 * TOTAL BASE REVENUE || $ 28,422,060.86 || $ 34,987,934.66 ||
 * New School Funding || $ - || $ - ||
 * Staff Allotment (Insurance/Benefits) || $ - || $ - ||
 * **TOTAL TARGET REVENUE** || **$ 28,422,060.86** || **$ 34,987,934.66** ||
 * Teachers, Librarians, Nurses & Counselors || 281  ||  307  ||
 * Teachers, Librarians, Nurses & Counselors || 281  ||  307  ||
 * Teachers, Librarians, Nurses & Counselors || 281  ||  307  ||

DPV for District 1 = $145,968,635 I & S Tax Collections for District 1 = $94,871 EDA for District 1 = $572,716

DPV for District 2 = $2,916,187,709 I & S Tax Collections for District 2 = $8,836,256 EDA for District 2 = $ 0