A Microsoft Word version of this letter is available for download and PRINTING.

October 25, 2010

Subject: 2009–2010 Amended Near-Final Summary of Finances

TO THE ADMINISTRATOR ADDRESSED:

An amended “near-final” Summary of Finances (SOF) for the 2009–2010 school year and other related reports have been updated and are available at the School Finance website at http://ritter.tea.state.tx.us/school.finance/funding/sofweb7.html. You may use these reports to prepare your district’s annual financial audit. The reports reflect the following important updates and information:

• Average Daily Attendance (ADA) and Full-Time Equivalents (FTEs) – Information for a small group of districts was corrected for errors in the summer Public Education Information Management System (PEIMS) submission process. Please check the ADA on this report and contact us if it is not what was submitted through the PEIMS (after adjustments for prekindergarten).

• High School Allotment – Your district’s high school allotment is calculated by multiplying your district’s high school (grades 9–12) ADA by $275. Your district’s allotment was updated with high school ADA from the July 2010 PEIMS submission.

• Advanced Career and Technology FTEs – If applicable, your district’s SOF was updated for the FTEs for this category. These FTEs generate an additional $50 per FTE and are part of your district’s total career and technology adjusted allotment.

The section of the SOF entitled FSP Allocations and Adjustments shows the amount of your district’s near-final settle-up. If your district has been underpaid, the amount owed the district will be paid in late October or early November 2010. If your district has been overpaid, recovery of the amount overpaid will begin in November 2010 and will be made by reducing the district’s 2010–2011 monthly payments from the Foundation School Fund. The rate of recovery will be based on the same percentage that Foundation School Fund monthly payments are based on in accordance with your district’s 2010–2011 payment class. Please note that the balance reflected on your amended near-final SOF does not supersede the balance reflected on your original near-final SOF.  This means that you must add the two balances together to arrive at the true settle-up cost for 2009–2010.

Your district's 2009–2010 Foundation School Program Payment Ledger is also available on the School Finance website at http://ritter.tea.state.tx.us/school.finance/funding/sofweb7.html.

If you have any questions about this SOF, please contact a state funding consultant in the
State Funding Division at (512) 463-9238.

Sincerely,

Helen Daniels
State Funding Director

HD/ll

For general questions about the SOF: Leo Lopez – Chapter 42                                 Al Johnson – Chapter 42                                Kim Wall – Chapter 42	For questions about facilities funding: Lawrence Crockett – IFA Sam Lester – EDA Cassie Huggins – NIFA
For questions about transportation: Randy Boatman Danny Sanchez Twanna Buford	For questions about Chapter 41: Nadia Bobb