Final 02-03 General Aid Calculation

Date: July 22, 2003

To: School District Administrators

From: David Carlson, Director
School Financial Services Team

Re: 2002-2003 Final Aid Eligibility

2002-2003 Final Aid Eligibility

Final eligibility for 2002-2003 general aid has been calculated using audited 2001-2002 annual report data and final state guarantees. Enclosed are your district's final 2002-2003 equalization aid worksheet and a final general aid adjustment summary sheet comparing the October 15, 2002 estimated eligibility to actual final eligibility. Note that there are adjustments for not only equalization aid eligibility but also for the intra-district, inter-district, special adjustment and charter school programs. Also enclosed is a membership worksheet that was used in the calculation of final aid eligibility.

By statute, the aid adjustment amount is added to or subtracted from your district’s September equalization aid payment (payment date is September 15). The adjustment amount does not affect your district's 2002-2003 fiscal annual report data but is considered revenue for the current fiscal (2003-2004) year. When your district’s general aid payment is certified on October 15, 2003 the 2002-2003 aid difference will be included as an adjustment to your estimated aid eligibility.

Please contact one of the following School Financial Services Team consultants should you have questions:

Brad Adams	(608) 267-3752	bradley.adams@dpi.wi.gov
Karen Kucharz	(608) 267-9707	karen.kucharz@dpi.wi.gov

Enc: District Final 2002-2003 Equalization Aid Calculation
District Final General Aid Adjustment Summary
District Membership Worksheet

For questions about this information, contact dpifin@dpi.wi.gov (608) 267-9114

Last updated on 2/25/2008 12:03:54 PM