Pr inc ipal Appor tionme nt (Pe r iod I Ce r tific ation) & - PowerPoint PPT Presentation

Pr inc ipal Appor tionme nt (Pe r iod I Ce r tific ation) & L CF F E xhibits Sa ra h L a mpe nfe ld & L inda Da ug he rty F e b rua ry 27, 2020

Unde r standing the Pr inc ipal Appor tionme nt c yc le Stude nt Annua l Atte nda nc e Audit (ADA) Da ta SACS re po rte d to Ac c o unting CDE CDE SCO I ssue s Appo rtio nme nt Pa yme nts 1 F unds

Proc e ssing Pe riods With e a c h a ppo rtio nme nt c e rtific a tio n, CDE pub lishe s a Princ ipa l Appo rtio nme nt Summa ry Adva nc e irst Princ ipa l P-1 Se c o nd Princ ipa l P-2 By June 25 th , CDE By July 20th, CDE By F e b rua ry 20 th ,CDE pub lishe s the pub lishe s pub lishe s P-2. Adva nc e d P-1. Supe rse de s Supe rse de s P-1, Appo rtio nme nt. Adva nc e , b a se d b a se d o n c urre nt T he a ppo rtio nme nt o n c urre nt ye a r ye a r da ta , re vise s is b a se d o n prio r da ta , re vise s prio r prio r da ta , se ts fina l ye a r P-2, e stima te s ye a r da ta , se ts pa yme nt fo r the F c urre nt ye a r pa yme nts fo r ye a r (June ). funding o nly a nd F e b rua ry – Ma y. se ts pa yme nts fo r July – Ja nua ry. 2

Princ ipa l Apportionme nt Cyc le 3

L ooking a t Pe riod I Apportionme nt  P-1 Appo rtio nme nt is b a se d o n the first pe rio d Pro pe rty T a xe s, Ca lpa ds, a nd ADA da ta L E As re po rte d to CDE . P-1 supe rse de s the Adva nc e Appo rtio nme nt c a lc ula tio ns & e sta b lishe s L E A’ s mo nthly sta te a id pa yme nt fo r F e b rua ry-Ma y.  Ca lc ula tio n inc lude s prio r ye a r a djustme nts (o b je c t 8019). E xpla na tio n o f a djustme nts c a n b e fo und a t: https:/ / www.c de .c a .g o v/ fg / a a / pa / ia ssf19p1.a sp “Adjustme nts a nd Prio r Ye a r Re c o mputa tio ns” 4

Distric ts/ Cha rte r’s Pe riod 1 pa yme nt sc he dule  P-1Appo rtio nme nt pa yme nts (F e b .-Ma y) a re po ste d o n CDE ’ s we b site unde r Pa yme nt Sc he dule Summa ry @ www.c de .c a .g o v/ fg / a a / pa / ia ssf19p1.a sp  E xa mple o f Pe rio d-1 pa yme nts: P-1 Principal Apportionment (PA) 10,000,000 Less Advance Pmt. (July-Jan. 2020) (5,602,904) Balance Due 4,397,096 20% February of balance due 879,419 20% March of balance due 879,419 20% April of balance due 879,419 20% May of balance due 879,419 Total Paid (Through P-1) 9,120,581 5

Ve rifying a pportionme nts in E sc a pe Fiscal03a Account Transaction Detail by Object-Balance Detail for Dates Fiscal Year 2019/20 / / Pay To Trans Adopted Revised Account Ref# Name Journal # Description Date Budget Budget Revenue Balance Fund 01 - General Fund 01-0000-0-0000-0000-8011-000-0000 Revenue Limit S,Unrestric BA20-00001 Approve Budget,OB20-07,Fund 01 07/01/19 9,612,797.00 9,612,798 CT20-00132 July 2019 Advance Appnmnt net 07/29/19 509,355 CT20-00258 August 2019 Advance Appnmnt net 08/28/19 509,355 CT20-00402 Sept 2019 Advance Appnmnt 09/26/19 916,839 CT20-00599 Oct 2019 Advance Appnmnt 11/01/19 916,839 CT20-00726 Nov 2019 Advance Apportionment 11/25/19 916,839 CT20-00867 Dec 2019 Advance Apportionment 12/27/19 916,839 CT20-01136 Jan 2020 Advacne Principle Apport Net 01/28/20 916,839 CT20-011XX Feb 2020 P-1 Principle Apport 02/27/20 849,418 01-0000-0-0000-0000- 8019-000-0000 PY Revenue 879,419 6 CT20-011XX Feb 2020 P-1 P1 PY Adj. School District LCFF 02/28/20 30,000

Ca lc ula ting your Distric t’s Apportionme nts Principal Apportionment (PA) Education Protection Account (EPA) Payment Schedule Advance PA Total 10,187,098 Advance EPA Entitlement 489,160 July 5% 509,355 September (quarter 1) 25% 122,290 August 5% 509,355 50% September 9% 916,839 December (Quarter 2) ior payments 122,290 October 9% 916,839 Total Paid (Quarter 1 & 2) 244,580 November 9% 916,839 December 9% 916,839 P-1 EPA Entitlement 500,000 January 9% 916,839 75% Total Paid (Through Advance) 5,602,904 March (Quarter3) ior payments 130,420 Total Paid (Through Quarter 3) 375,000 P-1 Principal Apportionment (PA) 10,000,000 Less Advance Pmt. (July-Jan. 2020) (5,602,904) Balance Due 4,397,096 P-2 EPA Entitlement 510,000 20% February of balance due 879,419 June (Quarter 4) Balance Due 135,000 20% Total Paid (Balance Check) 510,000 March of balance due 879,419 20% April of balance due 879,419 20% May of balance due 879,419 Total Paid (Through P-1) 9,120,581 P-2 Principal Apportionment (PA) Total 9,900,000 June Balance Due 779,419 Total Paid (Balance check) 9,900,000 7

Princ ipa l Apportionme nt E xhibits Upda te d  Pa th: CDE Ho me / F ina nc e & Gra nts/ Allo c a tio ns & Appo rtio nme nts/ Princ ipa l Appo rtio nme nt/ Ye a r  F o r the 2019-20 fisc a l ye a r, se ve ra l e xhib its we re upda te d to re fle c t the full imple me nta tio n o f L CF F .  Ma ny c o mpo ne nts a re func tio na lly the sa me a s pre vio us ye a rs, b ut ha ve diffe re nt line ite m re fe re nc e s due to the se c ha ng e s. F o r ne w a nd mo difie d e xhib its, CDE ha s c re a te d a c ro sswa lk do c ume nt to ide ntify whic h line ite ms in the 2019-20 e xhib its c o rre spo nd to the line ite ms a s the y a ppe a re d in 2018-19. Cro sswa lk: www.c de .c a .g o v/ fg / a a / pa / e xhib itg uide s.a sp 8

Princ ipa l Apportionme nt E xhibits Upda te d Char te r L CF F E xhibits Change s Distr ic t L CF F E xhibits Change s No Cha ng e No Cha ng e Cha rte r Sc hool ADA Sc hool Distric t ADA No Cha ng e No Cha ng e Cha rte r Sc hool UPC Sc hool Distric t UPC Ame nde d Ame nde d E d. Prote c tion Ac c t. E d. Prote c tion Ac c t. NE W Sc hool Distr ic t L CF F NE W Cha rte r Sc hool L CF F Calc ulation Ca lc ula tion (pre vio usly 3 e xhib its) (pre vio usly 5 e xhib its) 2 re tire d/1 me rg e d 3 re tire d/2 me rg e d Sc hool Distr ic t L oc al Ame nde d Re ve nue NE W (Pre vio usly 3 Sc hool Distric t NSS e xhib its) 2 re tire d Allowa nc e for L CF F No te : Ba sic Aid Supple me nta l & Distric t o f Cho ic e Ca lc ula tio n E xhib its a re no t inc lude d in the 9 L CF F c a lc ula tio n/ c a lc ula to r, b ut we re a me nde d to e xc lude ta rg e t funding fo rmula c rite ria .

Princ ipa l Apportionme nt E xhibits Upda te d o Re vie w E xa mple Sc ho o l Distric t L CF F Ca lc ula tio n E xhib it o Co mpa ring E xhib its to the L CF F Ca lc ula to r 10

Princ ipa l Apportionme nt E xhibits Upda te d QUE ST I ONS? T ha nk yo u! 11