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Word Version of this letter is available for download and PRINTING.
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April 11, 2006 TO THE ADMINISTRATOR ADDRESSED: Subject: 2004-05 “FINAL” Summary of Finances Please check our website for your information needs related to the funding provided by the state through the Division of State Funding. The “final” Summary of Finances and related reports for the 2004-05 school year have been updated to our website. This summary reflects the following since the “near final” summary was generated in September 2005:
The “final” reports for Salary Transition Entitlement, Hold Harmless Additional State Aid, Existing Debt Allotment, Worksheet for Determining the Reduction in Additional State Aid from HB 1, and Worksheet for Calculation of Tax Collection Limit for DTR are also updated on our website for your review. If the district is a Chapter 41 partner district, a report is updated that details how the “final” reduction in state aid for selling WADA was derived. This charge is also reflected on page 4 of this summary. In addition, the “final” Additional Aid for School Employee Benefits, and New Instructional Facilities (NIFA) Allotments are included in this summary. A report entitled 2004-05 Foundation School Fund Balances, updated on our website, indicates the district’s settle - up between “near final” and “final.” If the district has been underpaid, the amount owed the district will be paid in April 2006. If the district has been overpaid, recovery of the amount overpaid will be made by reducing the district’s 2005-06 monthly payments from the Foundation School Fund beginning with the April 2006 payment (or the district’s next scheduled payment). The rate of recovery will be based on the same percentage that Foundation School Fund monthly payments are made in accordance with the district’s 2005-06 payment class.
If you have any questions concerning these materials, please do not hesitate to contact Leonardo Lopez or Phu Nguyen at (512) 463-9238. Sincerely, Lisa Dawn-Fisher, Director
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