2. Woodford County Schools SEEK Funding and Allocation Formula Sharon Flora Crews University of Kentucky EDA 627: School Finance Summer 2000

3. Overview In this presentation, you will learn: What SEEK funding is and how it is determined How funding is allocated to the Woodford County District and its schools How the SBDM Council determines the budget. SEEK Funding Flowchart SEEK Funding Allocation Formula Flowchart Allocation Formula Needs Assessment Process

4. SEEK Funding (Support Education Excellence in Kentucky)

5. Base Allotment The state guarantees a base amount per pupil. Each school district’s base funding level is adjusted by the following factors: –Number of at-risk children to be served –Number of exceptional children to be served –Cost of transportation –Number of children who are home-bound or hospitalized

6. Base Allotment Requirements The required local amount to participate is $.30/$100.00 of assessed property valuation. The district may raise revenues through the following taxes: –property –occupational –utility –excise If the assessed valuation does not generate the base allotment per pupil, the state supplies the difference.

7. Tier 1 Districts use Tier 1 if they need additional funds. The maximum amount that can be raised is 15% of the amount received in the SEEK Base Allotment.

8. Tier 1 Requirements The Guaranteed Tax Base for Tier 1 is 150% times the statewide average of taxable property per pupil. The district raises revenue on its assessed valuation and the state supplies the difference.

9. Tier 2 The district may raise another 15% of the Base Allotment. Voters in the district must approved this referendum. Tier 2 is strictly local funds--no state funds are provided.

10. Allocation Formula for Woodford County Schools Instructions: These are embedded graphs. To edit a graph simply double-click anywhere on the graph. When you’re done editing the graph, click outside of the graph to return to PowerPoint. Labels above each column are added in PowerPoint.

11. General Fund Instructions: This is an embedded graph. To edit this graph simply double- click anywhere on the graph. When you’re done editing the graph, click outside of the graph to return to PowerPoint. SEEK Fund (state and local revenues) generated through the collection of the following taxes: –property - tangible (real estate, motor vehicle, inventory, equipment, etc.) –utility –occupational –excise on income Federal and State Grants Other Revenues

12. Section 3 Funds Administrative Expenditures Instructions: This is an embedded graph. To edit this graph simply double- click anywhere on the graph. When you’re done editing the graph, click outside of the graph to return to PowerPoint. The District-Wide expenditures are subtracted from the General Fund. District-Wide Expenditures include the following: AdministrationInstruction AttendanceHealth Services Operation of PlantMaintenance of Plant TransportationFixed Charges School Food ServiceCommunity Services Capital OutlayDebt Service Below-the-Line

13. Categorical Programs Instructions: This is an embedded table from Microsoft Word. To edit this table you need to have Microsoft Word installed on your computer. You do not need to have Word installed to view the table. To edit this table simply double-click anywhere on the table. When you’re done editing the table, click outside of the table to return to PowerPoint. Categorical Programs are subtracted from the General Fund. There are restrictions on use of these funds set by the funding agency/authority. Federal grant programs include: Title ITitle II Title IVTitle VI Special Education (Part B)Class-size Reduction Federal Funds for Pre-schoolHomeless Education State grant programs include: Extended School ServicesGifted and Talented TextbooksProfessional Development Bus Driver TrainingFRYCS School Food ServiceKentucky Education Technology System

14. Allocation Distributed to Simmons Elementary SBDM Council Instructions: This is an embedded graph. To edit this graph simply double- click anywhere on the graph. When you’re done editing the graph, click outside of the graph to return to PowerPoint.

15. Section 4 Funds Certified Staff Instructions: These are embedded graphs. To edit a graph simply double-click anywhere on the graph. When you’re done editing the graph, click outside of the graph to return to PowerPoint. Labels above each column are added in PowerPoint. The staffing allocations are based on enrollment. The allocations must meet class capacity (“cap”) size requirements and other positions generated by staffing policy.

16. Instructions: This is an embedded graph. To edit this graph simply double- click anywhere on the graph. When you’re done editing the graph, click outside of the graph to return to PowerPoint. Section 5 Funds Classified Staff Staffing allocations are based on Woodford County board policy.

17. Section 6 Funds Instructional Materials Instructional Material Money is based on the prior year Average Daily Attendance (ADA). It can only be increased or reduced at the end of the second month of school is ADA changes.

18. Section 7 Funds Remainder The balance between the amount generated in Sections 4, 5, and 6 and the amount available for distribution to Simmons SBDM Council comprises the Section 7 Funds. Section 7 Funds are distributed in one of three ways: –an amount per pupil based on prior year final ADA. –Based on pupil needs that have been identified by the SBDM Council and designated by the Board. –A combination of the two.

19. Section 9 Funds Professional Development Professional Development Funds are allocated by the Superintendent (based on 10th month of enrollment). At least 65% of the Woodford County district’s per pupil state allocation for professional development must be allocated to the Simmons SBDM Council. This amount must be included in the March 1 allocation to the Simmons SBDM Council.

20. Budgeting Budgeting is a process. Budgeting should begin with needs assessment. A budget is the end result and should be created only AFTER a needs assessment has been completed and the funds have been allocated to the district. Budgets are revisited and revised as student needs change.

21. Needs Assessment Process All stakeholders should be involved in the following process: –review multiple data sources. –analyze data for causes and contributing factors. –prioritize needs. –identify goals, objectives, and activities. –Set the budget. SBDM Council approves budget to address the goals.

22. SEEK Funding and Allocation Formula - The BIG Picture