Navigating School Budgets for the Rest of the Year

Over the past two years, we have had to face many difficult issues when it comes to finance. The 2/23/17 state school board meeting gave us even more news that is not pleasant. Our biggest issue right now is trying to navigate financial issues through the rest of the year. Here are a few things we know beyond doubt:

1. The allocation was lowered $42.00 a WADM.
   
2. The likelihood that you need to be prepared for more drops in State Aid payments for the rest of the year is a certainty.
   
3. It would be a good idea to remove .8% from your projected State Aid for the rest of the year in addition to the reduction in the State Aid Factor. 
   
4. Remember that if the 1017 Fund does not collect for a month, your State Aid must be lowered. 
   
5. The following percentages are what the SDE will be using to figure your State Aid for the rest of the year
   

                                                       
i.    February is 63%, the month of February is 9%

                                                      
ii.    March is 72%, the month of March is 9%

                                                     
iii.    April is 81%, the month of April is 9%

                                                     
iv.    May is 91%, the month of May is 10%

                                                      
v.    June is 100%, the month of June is 8%

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