September Letter 2003-2004 Final Aid Eligibility

Date: September 9, 2004

To: School District Administrators

From: David Carlson, Director
School Financial Services Team

Re: 2003-2004 Final Aid Eligibility

2003-2004 Final Aid Eligibility

Final eligibility for 2003-2004 general aid has been calculated using audited 2002-2003 annual report data and final state guarantees. Enclosed are your district's final 2003-2004 equalization aid worksheet and a final general aid adjustment summary sheet comparing the October 15, 2003 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 20). The adjustment amount does not affect your district's 2003-2004 fiscal annual report data but is considered revenue for the current fiscal (2004-2005) year. When your district's general aid payment is certified on October 15, 2004 the 2003-2004 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
Jerry Landmark	(608) 266-3464	jerome.landmark@dpi.wi.gov

Enc: District Final 2003-2004 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 12:04:10 PM