005.28.22 Ark. Code R. § 011 Rules Governing Declining Enrollment and Student Growth Funding

• Library: Arkansas Administrative Code
• Edition: 2023
• Currency: Current through Register Vol. 48, No. 12, December, 2023
• Year: 2023
• Citation: 005.28.22 Ark. Code R. § 011

RULES GOVERNING DECLINING ENROLLMENT AND STUDENT GROWTH FUNDING FOR PUBLIC SCHOOL DISTRICTS

Effective June 2022

1.00 AUTHORITY

1.01 The State Board of Education promulgates these rules pursuant to Ark. Code Ann. §§ 611-105 6Additional funding6-20-604 6Uniform budget and accounting system required6-20-2203 and 6Title6-20-2301 et seq., and Act 909 of 2021.

1.02 These Rules shall be known as the Arkansas Department of Education (ADE) Rules Governing Declining Enrollment and Student Growth Funding for Public School Districts (Rules).

2.00 PURPOSE

2.01 The purpose of these Rules is to provide information regarding Declining Enrollment and Student Growth Funding for public school districts.

3.00 DEFINITIONS

3.01 Average Daily Membership (ADM) means the total number of days of school attended plus the total number of days absent by students in kindergarten through grade twelve (K-12) during the first three (3) quarters of each school year, divided by the number of school days actually taught in the school district during that period of time, rounded up to the nearest hundredth.

3.02 Declining Enrollment Funding means the amount of state financial aid provided to an eligible school district from funds made available for the decline in the ADM of the school district in the preceding school year compared to the school year before the preceding school year.

3.03 Excess Net Revenues Plus Calculated Miscellaneous Funds means the amount of net revenues plus calculated miscellaneous funds a school district receives that is greater than the foundation funding amount. Excess net revenues plus calculated miscellaneous funds excludes the amount remitted to the ADE above ninety-eight percent (98%) of assessed value for the uniform rate of tax.

3.04 Net Revenues means actual revenues generated from ad valorem taxes and distributed to a school district multiplied by the ratio derived from dividing the uniform rate of tax by the total millage rate of the school district.

3.05 Quarterly Average Daily Membership means the ADM for one (1) quarter of a school year used for calculating student growth funding pursuant to Section 5.00 of these Rules.

3.06 Student Growth Funding means the amount of state financial aid provided to an eligible school district from funds made available for the growth in the ADM of the school district for each sequential...