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October 13, 2006 Mailing to District AdministratorsDATE: October 13, 2006 TO: School District Administrators FROM: David Carlson, Director SUBJECTS: 2006-2007 General Aid Certification 2006-2007 General Aid Certification The enclosed General Aid Worksheet calculates the October estimate of your district’s 2006-2007 general aid eligibility. General aid is defined as equalization aid, special transfer (chapter 220, integration) and special adjustment aid. This information is also posted to the team’s website under “Late Breaking Information” and under “Worksheets” on the left hand scan bar. The data used to generate this estimate was derived from the following sources.
Also, enclosed, is the membership worksheet used in the calculation of your district’s equalization aid. Actual 2006-2007 aid eligibility using final audited 2005-2006 data will be computed after all desk audits of 2005-2006 PI 1505 Annual Reports are completed (winter, 2006). Any resulting 2006-2007 aid eligibility adjustment will be made in the September aid payment of the 2007-2008 school fiscal year. Page 2 The following is an explanation of Sections H and I of the General Aid Certification Worksheet. Section H – Equalization Aid
Section I – General Aid Certification
The 2006-2007 equalization aid worksheet, as an executable spreadsheet file, is available on the finance team website under “Worksheets” on the left-hand scan bar or at http://dpi.wi.gov/sfs/worksheets.html. 2006-2007 General Aid Payment Schedule Information Beginning with the 1997-98 school fiscal year and again in the 2006-2007 school fiscal year, $75,000,000 from the general aid distribution will be withheld and paid on the fourth Monday of July following the close of the fiscal year. As a result, each actual 2006-2007 aid payment received by districts (September 18, 2006, December 4, 2006, March 26, 2007, and June 18, 2007) will be reduced by approximately 1.6 %. The aid withheld will be paid on July 23, 2007. Per statute, districts are to record this payment as actual revenue for the 2006-2007 fiscal year. Page 3 Note public school open enrollment payments, revenue limit penalties, Youth Challenge Academy payments, and Second Chance payments will again be adjusted on the June equalization aid payment. To assist districts with their planning, the School Financial Services Team will again be providing each district with a 2006-2007 equalization aid payment schedule. This 2006-2007 Revenue Limit Calculation Estimate Enclosed is the department’s calculation of your district’s revenue limit as of October 12, 2006 completed through line 12. This calculation has been updated to include the Fall 2006 Certification of Values – Tax Apportionment, revenue limit membership submitted on the PI 1563 Third Friday Pupil Count report, PI 1563 Youth Challenge Academy report and A new revenue limit full time equivalency (FTE) report has also been added to each district’s home page within the Reporting Portal on the finance team’s website. The new report entitled, “2006-2007 Revenue Limit FTE,” calculates the district’s revenue limit membership based upon the various pupil count reports submitted by the district. These reports are: PI 1563 Third Friday September 2006 Pupil Count report, PI 1563 September 2006 Youth Challenge report and the PI 1804/1805 2006 Summer School report. This new FTE report is intended to help districts correctly calculate their revenue limit memberships. Please contact a finance consultant should you have questions. Reminder: this worksheet is provided as a service of the School Financial Services team. Districts are responsible for the calculation of their revenue limit. The department will calculate your district’s final 2006-2007 revenue limit calculation for compliance with 2006-2007 Estimated Categorical Aid Prorations The following list of 2006-2007 estimated aid prorations are based upon unaudited 2005-2006 report data.
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Common School Fund (Library) Aid Information The actual amount of school library aid the district will receive will be posted to the team’s website under “Late Breaking Information” and under “Aid Information” on the left hand scan bar no later than January 8, 2007. The payment date is Monday, April 30, 2007. Library aid is calculated from the data submitted on the PI 1505 Census report. It is important to remember that districts must spend an amount in function 222 000 object 430 series equal to the amount of revenue they receive from the common school fund (recorded in source 613). If districts do not spend an amount equal to common school fund revenue, districts will be required to spend the difference in the next fiscal year. Additional information about common school fund revenues and expenditures can be found on the web at http://dpi.wi.gov/sfs/comsch.html. 2006-2007 Important Dates
Page 5 The School Financial Services Team website is located at http://dpi.wi.gov/sfs/index.html. For any additional questions, contact one of the following School Financial Services Team staff.
dgd Enclosures: 2006-2007 General Aid Worksheet
Last updated on 2/25/2008 12:04:08 PM |
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State Superintendent of Public Instruction Elizabeth Burmaster
Department of Public Instruction, 125 S. Webster Street, P.O. Box 7841, Madison, WI 53707-7841 (800) 441-4563  Contact Us About Us Copyright Privacy Non Discrimination Accessibility DPI Home
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