Financial Overview : Pulaski County Special School District

2012-2013	2011 - 2012	2010 - 2011	2009 - 2010
July	July	July	July
August	August	August	August
September	September	September	September
October	October	October	October
November	November	November	November
December	December	December	December
January	January	January	January
February	February	February	February
March	March	March	March
April	April	April	April
	May	May	May
	June	June	June

Building Fund Balances

Fiscal Year 2012 (through Aug 2011)

Fiscal Year 2011

Fiscal Year 2010

Local revenue sources

1	2010 Real Assessment	$1,847,161,615
2	2010 Personal Assessment	$414,358,850
3	2010 Utility Assessment	$90,810,532
4	2010 Total Assessment	$2,352,330,997
5	98% of URT X Assessment	$57,632,109
6	Net Revenues
7	Five-Year Avg. Misc. Funds¹	$194,873
8	2009-10 ADM (Qtrs. 1-3 Avg.)	16,740.45
9	2010-11 ADM (Qtrs. 1-3 Avg.)	$16,413.60
10	2011-12 ADM (Qtr. 1)
11	Estimated 2011-12 ADM for SGF (Qtr. 2)
12	Estimated 2011-12 ADM for SGF (Qtr. 3)
13	Estimated 2011-12 ADM for SGF (Qtr. 4)
14	Per-Student Revenue	$3,523.11
15	Per-Student Foundation Funding Amount	$6,144.00
16	Per-Student State Foundation Funding Aid	$2,620.89
17	PY ALE FTEs (Qtrs. 1-4)	102.73
18	CY English Language Learner Students
19	PY NSL Students (Free and Reduced)	9,024
20	Professional Development Funding Rate	$42.38
21	Adjusted 1/1/05 Scheduled Debt Payment	$4,297,801.50
22	Bonded Debt Assistance Funding Factor	$18.03
23	State Wealth Index	0.00000
24	ADM of Isolated School Area
25	Isolated Funding Amount	$0

State revenue sources

	Funding Category	Amount	Statutory Code / Act	Restricted	Rev. Code	SOF Code
1	State Foundation Funding Aid²	$43,018,176	6-20-2303, 6-20-2305, Act 1039 of 2011	No	31101	001
2	Educational Excellence Trust³ – R	$4,399,899	6-5-301 et seq.	Yes
3	Alternative Learning Environment – R	$425,816	6-20-2303, 6-20-2305, Acts 1039 & 1118 of 2011	Yes	32370	275
4	English Language Learners – R		6-20-2303, 6-20-2305, Act 1039 of 2011	Yes	32371	276
5	NSL State Categorical Funding⁴ - R	$4,566,144	6-20-2303, 6-20-2305, Act 1039 of 2011	Yes	32381	281
6	NSL Transitional Funding⁴ – R	$0	6-20-2305, Act 1039 of 2011	Yes	32381	281
7	NSL Growth Funding⁴ – R	$0	6-20-2305, Act 1039 of 2011	Yes	32381	281
8	Professional Development – R	$695,608	6-20-2303, 6-20-2305, Act 1039 of 2011	Yes	32256	223
9	Bonded Debt Assistance – R	$0	6-20-2503, Act 266 of 2011	Yes	32915	001
10	State Financial Assistance – GFF – R	$92,013	6-20-2503	No	32912	392
11	State Financial Assistance – SMIF – R	$0	6-20-2503	No	31620	001
12	Isolated Funding		6-20-601, 6-20-603, Acts 996 & 1131 of 2011	Yes	31500	212
13	Special Needs Isolated Funding⁵		6-20-604 (c), (d) & (e), Acts 996 & 1131 of 2011	Yes	31500	212
14	Special Needs Small District Funding⁵		6-20-604 (f), Acts 996 & 1131 of 2011	No	32249	2920
15	Special Needs Isolated Transportation⁵		6-20-604 (h), Acts 996 & 1131 of 2011	Yes	32248	228
16	Special Needs Isolated Adequacy		6-20-2305	No	31500	212
17	Declining Enrollment Funding⁶ – R	$1,004,083	6-20-2305	No	31460	218
18	Declining Enrollment Adequacy		6-20-2305	No	31460	218
19	Student Growth-Qtr. 1 & Est. Qtrs. 2, 3, & 4⁷ - R		6-20-2303 & 2305	No	31450	217
20	98% of URT X Assessment less Net Revenues²		6-20-2303, 6-20-2305, Act 633 of 2011	No	31103	001

ACA-Arkansas code annotated, ADM-average daily membership, Avg.-average, ALE-alternative learning environment, CY-current year, Est.-estimated, FTE-full-time equivalent, FY-fiscal year, GFF-general facilities funding, LEA-local education agency, M&O-maintenance & operation, Misc.-miscellaneous, NSL-national school lunch, PY-prior year, Qtr.-quarter, R-state board rule, Rev.-revenue, SGF-student growth funding, SMIF-supplemental millage incentive funding, SOF-source of fund, URT-uniform rate of tax

1) Miscellaneous funds per ACA § 6-20-2303 (11) for categories of miscellaneous funds received in FY10 equal (average of FY06 through FY10) X (URT/total mills).
2) Negative funding amounts shown for state foundation funding aid and/or 98% of URT X assessment less net revenues indicate funds owed to the state. Districts with negative funding amounts will receive written notification including information on how to code the repayment transaction.
3) Educational excellence trust funds are included in state foundation funding aid, and are restricted pursuant to ACA § 6-5-307.
4) The combination of NSL state categorical, NSL transitional (plus or minus) and NSL growth funding equals the total net NSL state categorical funding received by a school district.
5) Eligible school districts shall receive special needs isolated, small district, and transportation funding under ACA § 6-20-604 or declining enrollment funding under ACA § 6-20-2305 (a) (3) (A) (i).
6) No school district shall receive both declining enrollment funding under ACA § 6-20-2305 (a) (3) (A) (i) and student growth funding under ACA § 6-20-2305 ( c) (2) or special needs isolated, small district, and transportation funding under ACA § 6-20-604. The initial FY12 state aid notice provides declining enrollment funding under ACA § 6-20-2305 (a) (3) (A) (i) that has not been compared to student growth funding under ACA § 6-20-2305 ( c) (2) and/or special needs isolated, small district, and transportation funding. Subsequent FY12 state aid notices will reflect these comparisons.
7) The final determination of FY12 student growth funding will be made in FY13 pursuant to ACA § 6-20-2305.

Share on Facebook

Stumble this!

Tweet this!

Bookmark at Delicious

Digg this!

Print this Article