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School Finance Topics
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Letter to School District AdministratorsDate: June 03, 2004 To: School District Administrators CCDEB Administrator From: David Carlson, Director School Financial Services Team Re: Final 2003-2004 Revenue Limit Calculation Final 2003-2004 Special Education Aid Eligibility 2003 School Aid (Spring) Equalized Values 2003-2004 Group and Foster Home Membership Adjustments 2003-2004 Budget Report Data and July 1 Aid Estimate New Internet Based Referendum Reporting Procedure Updated Youth Challenge Academy Information Upcoming Events and Mailings to Districts Routing of Information in this Mailing Please route this information to appropriate district staff. Note that districts will be receiving only one paper copy of this information. However, all of the material in this mailing is posted to the team's website. At the end of this letter is a "Contents Summary" that identifies where this mailing's information can be found on the team's website. Final 2003-2004 Revenue Limit Calculation Enclosed is your district's 2003-2004 final revenue limit computation using data on file at the department as of June 2, 2004. Revenue limit penalties, if any, are noted below line 20 of the worksheet and reduce the June equalization aid payment to your district. Also enclosed is a worksheet that calculates your district's revenue limit membership for the 2003-2004 school year. Please contact the School Financial Team as soon as possible should you have questions about these calculations. Final 2003-2004 Special Education Aid Eligibility Enclosed in this mailing are a cover letter and a worksheet calculation of your district's 2003-2004 final special education categorical aid eligibility. This information is also available on the "Special Education Aid" link on the left hand scan bar of the finance team's website. 2003 School Aid (Spring) Equalized Values This mailing also includes two copies of your district's 2003 School Aid (Spring) Equalized Values. These values will be used in the calculation of your district's 2004-2005 equalization aid. Please forward the district clerk copy to your district's school board clerk. 2003-2004 Group and Foster Home Membership Adjustments Districts may amend their 2003-2004 pupil count due to pupils residing in Group and Foster Homes. Enclosed are a cover letter and a copy of PI 1589 which is used to report these membership adjustments. This information is also available under the "Group and Foster" link on the left hand scan bar of the finance team's website. July 1 Aid Estimate and 2003-2004 Budget Data Each year by July 1 the department is required to provide each school district with an aid estimate for the next fiscal year based upon the best data available on file at the department. Shared cost data for this aid estimate will be taken from the PI 1504 (SAFR) Budget Report. Please ensure that your district's budget report data reflects any budget amendments approved by your school board. Districts can view their budget report data on the Internet including a calculation of shared cost generated from the budget report located at: New Internet Based Referendum Reporting Procedure A new process has been developed that will ease the requirement of reporting referenda information to the department per Wisconsin Statute 121.115 (1)(a) and (b). Districts will submit referenda information (both proposed and results) using a new Internet based application. Information for reporting referenda is located on the left hand scan bar under "Referendum Information". Districts will also be able to view the results of referenda of other school districts from this link. Updated Youth Challenge Academy Information about the Youth Challenge Academy Program has been updated for 2004-2005 and can be found under "Youth Challenge Academy" on the left hand scan bar of the team's website or directly at dpi.wi.us/sfs/youthchall.html. Upcoming Events and Mailings to Districts
For any additional questions, contact one of the following School Financial Services Team staff.
The School Financial Services Team website is located at: Enc: 2003-2004 District Final Revenue Limit Calculation w/ Membership Worksheet
Last updated on 7/14/2009 4:35:12 AM |
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State Superintendent of Public Instruction Tony Evers
Department of Public Instruction, 125 S. Webster Street, P.O. Box 7841, Madison, WI 53707-7841 (800) 441-4563 DPI Home |