1 Oregon’s Community College Funding Formula Education Subcommittee of Ways and Means June 12, 2003 Presented by the Department of Community Colleges and.

Slides:

Advertisements

Similar presentations

South Medford High School College & Post High School.

Advertisements

Essentials of Fund 73 WASBO Accounting Seminar March, 2009 Presented by: Kathy Guralski, School Finance Auditor Wisconsin Department of Public Instruction.

Welcome! Organization History of Phi Theta Kappa Headquarters Division Map Rocky Mountain Cascade Region Sigma Zeta Chapter [est. 1968] Benefits of Membership.

Chapter 70 FY14 Preliminary House 1 Proposal Massachusetts Department of Elementary and Secondary Education 1/23/2013.

1 DEPARTMENT OF COMMUNITY COLLEGES AND WORKFORCE DEVELOPMENT COMMUNITY COLLEGE SUPPORT FUND –Support Fund Distribution Formula and Implementation –Support.

January 7, 2011 Overview of Governor’s Introduced Amendments to the Direct Aid to Public Education Budget (and other Public Education Funding)

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

Introduction to Apportionment and the Exhibit C Prepared and presented by California Community Colleges Chancellor’s Office Ed Monroe, CPA, Specialist.

Lansing Central School District Budget Update February 27, 2012 Dr. Stephen L. Grimm, Superintendent Ms. Mary June King, Business Administrator.

Walworth County 2011 Preliminary Budget Planning for the future.

January 22, How Does the Calculation Work?.

Public Policy Analysis ECON 439/539 May 16, 2007 George Naughton Department of Administrative Services Budget and Management Division (503)

This “State of the College” power point is available now on LBCC’s Paperless Office, along with the electronic hand-outs mentioned during this presentation.

Financial Overview Linn-Benton Community College August 2, 2010.

1 DEPARTMENT OF COMMUNITY COLLEGES AND WORKFORCE DEVELOPMENT Mission and Goals Agency Organization and Structure Programs Performance IT Systems Audit.

By: Aaron Alexander 9/19/12. Law Enforcement Personal satisfaction of helping and protecting the community. Good benefits and salary. Specialize in different.

PBIM SUMMIT August 29, TODAYS INFORMATION  State Budget Highlights  Peralta’s Final Budget  Funding Sources  Unrestricted General Fund.

Michigan Association of Counties Traverse City, September 19 th, 2011.

Budget Worksession August 21, 2012 AGENDA NEW BUSINESS FINAL STATE BUDGET AND FUNDING IMPACT.

Guaranteed Tax Base Aid The Great Equalizer Janelle Mickelson, Administrator OPI School Finance Division MASBO Summer Conference June 19, 2014.

MISSISSIPPI ADEQUATE EDUCATION PROGRAM (MAEP) AN OVERVIEW OF HOW THE FORMULA IS CALCULATED.

1 Oregon Community College Distribution Formula. 2 What is the Distribution Formula?  The method the State Board of Education and CCWD use to allocate.

2008 Budget Headlines Final tax increase is 9.38%, which includes 4% levy cap ($797,748), plus ($1,094,808) in State pass throughs. State Aid allocation.

WARREN TOWNSHIP SCHOOL DISTRICT 2013 – 2014 PROPOSED BUDGET Dr. Tami Crader, Superintendent of Schools Warren Township Board of Education Mrs. Patricia.

CHIPPEWA FALLS AREA UNIFIED SCHOOL DISTRICT PROPOSED BUDGET.

December 1, Presentation Outline Budget Purpose and Process Proposed 2010 General Fund Budget Expenditures Revenues Proposed 2010 Tax Levy Basics.

Proposed 2013 Property Tax Levy Tax Levy 2013 levy request = $21,814,158 Operating levy frozen since 2009 levy Estimated decrease in city-wide EAV.

Chapter 70 Massachusetts School Funding Formula. Massachusetts School Revenues FY00-FY12 (in billions) 1/23/ School spending is primarily a local.

Estimated Final Budget 12/13 Projected Budget 13/14.

Linn-Benton Community College September 7, 2010 Financial Overview.

January 22, What are Expenditures?. January 22, What are Expenditures? Expenditures are General Fund expenditures from central service agencies.

Leanne Emm, Associate Commissioner – School Finance Update League of Charter Schools Annual Finance.

January 22, Allocating Central Service Agencies Expenditures.

Equalization Aid Emily Koczela, Brown Deer Business Manager Karen Kucharz Robbe, School Financial Services Consultant Department of Public Instruction.

LOCAL AID What’s in House 1: Reductions with Reform March 4, 2003.

GAP ANALYSIS Mary June King Business Administrator.

Diane Brady, Fiscal Policy Specialist College Finance and Facilities Planning Division.

Understanding the Nuts and Bolts of the Foundation Budget and Local Contribution Roger Hatch Melissa King MASBO Annual Institute May 17 th, 2013.

Chapter 70 Aid FY14 Budget 7/12/2013. FY14 Chapter 70 Summary Aid 73 districts receive foundation aid to ensure that they do not fall below their foundation.

Changing Late Registration Proposal to Change Current Process.

Equalization Aid & Revenue Limits “Using Your Knowledge” WASBO “WINTER AT A GLANCE WORKSHOP” New Business Office Staff Year of Success Program Karen Kucharz.

California Community Mental Health Revenue Update California Institute for Behavioral Health Solutions (CIBHS) County Behavioral Health Fiscal Leadership.

Proposed Budget. July 1 - June 30 DISTRICT BUDGET Budget Approved in August by Finance & SB Budget Hearing/Annual Meeting in Sept. Budget Finalized.

Equalization Aid & Revenue Limits “Using Your Knowledge” WASBO “WINTER AT A GLANCE WORKSHOP” New Business Office Staff Year of Success Program Carey Bradley.

Red Creek Central School District BUDGET VOTE AND BOARD of EDUCATION ELECTION INFORMATION Towns of: WolcottButlerSterlingVictoryConquest.

UBC report to Faculty Senate January 25, 2011 Sources of information: ECU annual financial reports:

FY16/17 Governor’s Budget Estimated Revenues Community Mental Health Revenue Overview January 18, 2016.

August How to Read SWCAP Reports. August Reports One SWCAP report: –Detail by Function.

Academic Agreements Marla Edge, Director of Academic Agreements.

1 Personal Property Tax Reform Update for Community Colleges Michigan Community College Business Officers Association Spring 2015 Workshop March 5, 2015.

College Community School District 4 Budget Calculations for General Fund Budget Year.

John F. Helmer Executive Director NWDA Project Directors Meeting 16 May 2007 Pullman, Washington.

Municipal Tax Rates: How Are They Calculated, And How Do They Change December 2, 2015 Stephan W. Hamilton, Director Municipal and Property Division NH.

2/25/2009 Council Budget Work Session Revenue Impact on Schools.

2015 Local Sales Tax Distribution Changes 1. Fall 2015 Understanding of New Distribution Plan  Sales Tax Base Expansion to Services: Expected to yield.

Economic Development Fund – Lottery Dollars Presentation to Josephine County Budget Committee May 17, 2016.

General State Aid: An Introduction to the Basics

Winter School District

Starting with the concrete:

2 Understanding Variables and Solving Equations.

Fiscal Year 2019 Tentative Budget

DEPARTMENT OF COMMUNITY COLLEGES AND WORKFORCE DEVELOPMENT

Status of Steelhead in Oregon

FY 2018 INITIAL BUDGET PRESENTATION

California Community College Funding and Budgeting

California Community College Funding and Budgeting

I N T E G R A T I N G C A R E E R P A T H W A Y S A N D S N A P 5 0 / 5 0 T O I N C R E A S E E C O N O M I C M O B I L I T Y Marc Goldberg,

BUDGET RESOURCE ALLOCATION COMMITTEE BUDGET UPDATE

Restructuring NWCCU Dues

Presentation transcript:

1 Oregon’s Community College Funding Formula Education Subcommittee of Ways and Means June 12, 2003 Presented by the Department of Community Colleges and Workforce Development

2 Components State appropriation State appropriation 50% of property tax revenues 50% of property tax revenues Base allocation Base allocation Funded FTE (Frozen at levels) Funded FTE (Frozen at levels) “GAP” adjustment complete in “GAP” adjustment complete in

3 The Basic Equation State Appropriation plus 50% of Imposed Property Taxes Equals:Total Formula Funds Minus: Base Funding Divided by:Enrollments Equals: Funds per FTE

4 How it Works Total Appropriation 401,906,504 Total Appropriation 401,906,504Less Categorical Funding -3,362,565 Available for Formula Distribution 398,543,939 Available for Formula Distribution 398,543,939 Divide by Two for Yearly Amount ÷ State Funds Available 199,271, State Funds Available 199,271,970 Add 50% of Property Tax Statewide +52,431,396 Total Formula Resources 251,703,366 Total Formula Resources 251,703,366

5 How it Works (con’t.) Total Formula Resources 251,703,366 Total Formula Resources 251,703,366 Less Am’t Required for Base -11,743,759 Available for FTE Distribution 239,959,607 Available for FTE Distribution 239,959,607 Divide by Funded FTE ÷96, Amount Available per FTE $2,498 Amount Available per FTE $2,498

Illustration (Lane) Base Payment 694,100 Base Payment 694,100 ADD: ADD: Amount Available per FTE 2,498 Times FTE x 12, ,708,863 Formula Resources 32,402,963 Formula Resources 32,402,963 Less 50% Property Taxes - 6,208,226 Less 50% Property Taxes - 6,208, State Aid $26,194, State Aid $26,194,737

Illustration (Blue Mountain) Base Payment 738,592 Base Payment 738,592 ADD: ADD: Amount Available per FTE 2,498 Times FTE x 2, ,086,309 Formula Resources 6,824,901 Formula Resources 6,824,901 Less 50% Property Tax - 1,819,987 Less 50% Property Tax - 1,819,987 Equals State Aid $5,004,914 Equals State Aid $5,004,914

8 Things to Remember The funding formula is really a distribution formula The funding formula is really a distribution formula Information presented is based on CCWD estimates ONLY … Any changes in appropriations will change the results Information presented is based on CCWD estimates ONLY … Any changes in appropriations will change the results A new formula will be developed for A new formula will be developed for

9 Property Taxes College Actual RFTE Rate per Thousand Property Taxes Imposed Taxes per FTE Blue Mountain 2,349.28$ ,008,881 $ 1,281 Central Oregon 3,988.99$ ,173,672 $ 1,798 Chemeketa 11,637.35$ ,298,620 $ 971 Clackamas 7,792.56$ ,004,227 $ 1,155 Clatsop 1,715.84$ ,517,860 $ 1,467 Columbia Gorge $ ,708 $ 376 Klamath 1,193.83$ ,183,902 $ 992 Lane 12,746.88$ ,982,571 $ 862 Linn-Benton 6,765.55$ ,631,609 $ 685 Mt. Hood 9,467.29$ ,378,789 $ 779 Oregon Coast $ ,742 $ 1,554 Portland 24,851.77$ ,640,144 $ 750 Rogue 4,939.67$ ,031,022 $ 1,423 Southwestern Oregon 3,029.86$ ,391,497 $ 1,119 Tillamook Bay $ ,693 $ 1,534 Treasure Valley 1,797.43$ ,407,800 $ 783 Umpqua 3,541.33$ ,053,736 $ 580 Totals/Averages 97,549.97$ ,392,473 $ 937

10 Impact of Property Taxes on Distribution *Projections based on funding included in Governor’s Budget

11 Projected State & Property Taxes per FTE – 50% of Property Taxes Included in Formula

12 Projected State & Property Taxes per FTE – Property Taxes Excluded from Formula

13 Projected State & Property Taxes per FTE – All Property Taxes Included in Formula

14 Comparison of Property Tax Effect on Formula