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January 2010 Chuck Essigs – Arizona Association of School Business Officials Changes to the Classroom Site Fund (Prop 301) Budget Impact for FY 2011.

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Presentation on theme: "January 2010 Chuck Essigs – Arizona Association of School Business Officials Changes to the Classroom Site Fund (Prop 301) Budget Impact for FY 2011."— Presentation transcript:

1 January 2010 Chuck Essigs – Arizona Association of School Business Officials Changes to the Classroom Site Fund (Prop 301) Budget Impact for FY 2011

2 Classroom Site Fund Passed in November 2000 General Election Part of Prop cent Increase to State Sales Tax Added Growth in K-12 State Trust Land Earnings Distributed per Weighted Student Count to District and Charter Schools

3 Revenue Distribution – Prop 301 School Facilities Debt Service Universities, Community Colleges, Tribal Assistance Additional 5 School Days Character Education Grants, Accountability, Measures, Fading Schools Tutoring Fund Income Tax Credit Remainder Goes to Classroom Site Fund

4 Distribution of Prop 301 Sales Tax (Millions) Fiscal YearTotal Other than Classroom Site Fund Classroom Site Fund FY 2008$649.6$281.8$367.8

5 Classroom Site Fund (Endowment Earnings) Fiscal YearTotal FY 2008$107.5 Million

6 Actual Classroom Site Fund FY 2002-FY2009 Fiscal YearAmount (Millions) FY2002$205.4 FY2003$298.4 FY2004$265.3 FY2005$296.1 FY2006$379.8 FY2007$447.8 FY2008$502.1 FY2009$332.7

7 How Did it Work/What Changed? By March 30 th Joint Legislative Budget Committee shall determine a per pupil amount for the budget year…………… What Changed - New Language “Adjusted for any prior year carry forward or shortfall”

8 Budget Limit – Classroom Site Fund Allocation from ARS (per weighted student) Unexpended budget balance from prior year The net interest earned during the prior year

9 Shortfall – FY2009 Original Estimate $499.3 million Actual$332.7 million FY2009 Shortfall$166.6 million* Estimate of $128 per weighted count FY 2010 Shortfall???(Original Est. $244 per student) *$24 million from endowment earnings collected in FY2009, but distributed in FY2010

10 FY2011 Computation FY2011 Estimate$___________ Minus FY2010 Shortfall$___________ Minus FY2009 Shortfall$166.6 million Equals$___________ Divided by weighted count

11 Example of Impact/Only Example FY $230 per weighted count FY Shortfall FY Shortfall FY2011 Amount = $82 per weighted student

12 Example FY2010 Estimate – $244 FY2011 Example – $82 FY % of FY2010

13 Over Life of Classroom Site Fund FY2002 through FY2011 Total dollars same if spending to limit or adjusting for actual revenue Inform your staff and community

14 Questions?


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