1. Apportionment Schedule
Yousef Awwad-Director of School Finance

2. Background
Apportionment dates are determined by statutes (ARS B)
10 apportionments were made
Historically Apportionment made on the 15th of each month.
No apportionment in August or in November
Each apportionment amounted to 8.33% or 1/12th of the total amount for the fiscal year.
For April and May, each apportionment amounted to % or 1/6th of the total amount for the fiscal year.

3. 2008-2009 Schedule Payment Date Pmt # Percentage Notes 07/15 1 8.33%
09/15 2
10/15 3
12/15 4
1/15 5
2/15 6
3/15 7
4/15 8
16.67%
5/15 9
$ 600 million rolled over to FY
6/15 10
$ 300 million rolled over to FY

4. Basis of changes to the apportionment schedule
Changes to ARS B were made according to HB2011 (Third special session of 2009).
Changes effective on Nov. 24 and affects FY and years thereafter
The Change affects districts and charter holders.

5. What is the Change? 12 apportionments will be made
Apportionment date will be on the first business day of each month for the first 11 apportionments.
No apportionment in July.
Two apportionments in the Month of June, the 12th apportionment will be at the last business day of June.

6. What is the Change?
First Apportionment will be made in August of each fiscal year
Each apportionment will amount to 8.33% or 1/12th of the total amount for the fiscal year starting FY

7. Impact on FY
Transition started on the first business day of December for districts and the first business day of November for charters
July, September , and October apportionments, each was calculated at 8.33% of the total amount.
Starting December each apportionment for districts was calculated at 9.38% to transition the new payment schedule for the remaining 8 apportionments.

8. 2009-2010 Schedule Payment Date Pmt # Percentage Notes 7/15/2009 1
8.33%
Roll over from previous year paid on July 1st ($600 million)
8/15/2009
0.00%
9/15/2009 2
ARRA monies were paid in lieu of State Payment
10/15/2009 3
11/2/2009
May 2009 Rollover
Deferred payment from May 2009
12/1/2009 5
9.38%
1/4/2010 6
2/1/2010 7
3/1/2010 8
$144 million of soft capital reduction and one semester early grad reversals .
4/1/2010 9
5/3/2010 10
6/1/2010 11
Roll Over to next fiscal year ($602 million)
6/30/2010 12

9. FY2010-2011 Schedule Payment Date Pmt # Percentage Notes 08/2/2010 1
8.33%
Roll over from FY paid either in July or Aug
09/1/2010 2
10/1/2010 3
11/1/2010 4
12/1/2010 5
1/3/2011 6
2/1/2011 7
3/1/2011 8
4/1/2011 9
5/2/2011 10
6/1/2011 11
6/30/2011 12

10. Other payment issues
SB1002, 4th special session laws addressed early grad and soft capital reductions
Soft Capital reductions of $144 million will be made in March, 2010
One Semester Early Graduation will be reversed in either March or April Payment

11. Questions ?????