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Introduction
This document provides an overview of the funding formula calculation of the evidence-based model under the provisions of Am. Sub. H.B. 1 for fiscal year 2011. When initially posted, the simulations included the FY10 and FY11 runs for your use. However, since fiscal year 2010 has already started and bi-weekly payments are being made to school districts through the FY10 PASS document, there is no need for any FY10 simulation any longer. Consequently, the FY10 simulations have been removed.
As was the case with the initial sets of simulations, in order to simplify things and minimize the need for crossover between documents, these updated FY11 simulations are produced in a self-contained format, different from the PASS form. For each school district, sets of information are provided with all of the formulae, factors and calculations of the various components of the funding formula. There is also a document that gives statewide information on the funding formula.
The document outlines:
- The factors used in the simulation such as the enrollment and property valuation.
- The formulae for the calculation of each component of the total funding.
- The funding amounts generated for each component based on the factors and the formulae provided.
Under the provisions of Am. Sub. H.B. 1, the local share of the funding (the charge-off) is applied to the majority of the components of the calculations and the final funding amounts for some districts are capped. Therefore the mere calculation of each funding component that appears in the first part of the document does not amount to the final state distribution to a district through this funding formula. The second part of the simulation gives the funding components after they have been subjected to the charge-off and the final part shows the actual distribution of state funds for each component after the application of the gain cap.
Please note: this document only provides a simulation of the funding calculation for each school district in FY11 and does not show the adjustments or the amounts that will be transferred to other educational entities such as the education service centers, community schools or other school districts through open enrollment, etc.
Also, it is important to note that as of the date of this updated simulation (Jan. 15, 2010), the most recent FY10 PASS funding payment file that was available was the January #1 payment file. As a result, the FY11 simulations were run based on that FY10 file. The FY10 information is relevant to the calculation of some of the funding components including the transitional guarantee and the gain cap.
Questions on this simulation document should be forwarded to Daria Shams at (614) 466-6253 or Daria.Shams@ode.state.oh.us
Click here for statewide or individual school district simulations for FY11.
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