CDE is required to promulgate rules to specify the point at which a student is enrolled and must ensure accountability for actual student participation 4.
Retains the current system of allowing a four-year averaging for declining enrollment districts 5.
Specifies that, in FY 18-19, any savings produced as a result of transitioning to ADM are sent back to districts and institute charter schools on a per-pupil basis Recalculation for Districts and Institute Charter Schools (C.R.S. § 22-54-112.5(4)) (p. 30-32), (C.R.S. § 22-54-114 to 115) (pp. 35-40)
Creates a $20 million
“Actual Membership Reserve
in the state public school fund 2.
CDE bases budgeting for a district or institute charter school on a projected membership 3.
In January, districts and institute charters will submit their second quarter of membership data, after which CDE will submit supplemental requests and recalculate district and institute charter
schools’ total program
If the actual membership in January
exceeds the projected membership, CDE will “true up”
districts and institute charter schools using funds from the Actual Membership Reserve Account 5.
If/when the General Assembly provides a supplemental appropriation, CDE uses the supplemental appropriation to first replenish the Actual Membership Reserve Account and then forwards the remainder to districts and institute charter schools New or Growing Institute Charter Schools (C.R.S. § 22-54-112.5(5)) (pp. 30-33) and District Charter Schools (C.R.S. § 22-30.5-122 & 112.1) (pp. 40-59) 1.
For new institute charter schools, school funding will be based on the projected membership for the first sc
hool day. If the new school’s membership for the first
half of the year is different from the projections, CDE will adjust the funding up or down. 2.
For institute charter schools in their second year of operation or opening a new grade level, if the new scho
ol’s membership for the first quarter is different from the funding averaging
period, CDE will adjust the funding up or down 3.
Districts that authorize charter schools must calculate their charter schools’ funding in the same
manner as CDE calculates institute
charter schools’ funding above
How It Works (C.R.S. § 22-44-105) (pp. 68-72) 1.
Requires all school districts to report school-level expenditures 2.
The reporting must include the following: a.
Actual salary amounts by job classification and benefit expenditures by type of benefit b.
The amount of mill levy override revenues and the dollar amount distributed to schools 3.
The state board and the Financial Policies and Procedures Committee must develop and adopt accounting guidelines to allocate centralized administrative costs among school sites 4.
CDE is required to create or contract for a website that a.
Displays the data in a format readable by a layperson b.
Compares expenditures and academic performance for each public school, including the school
’s median growth percentile, ACT scores, college remediation rates, student
suspension rates, and attendance rates Special Education Report (C.R.S. § 22-30.5-112) (pp. 72-73)
NOTE: There is still a significant amount of work to be done on this section of the bill. CDE is helping to design a payment and true-up system that is efficient and fair, and we welcome input about how to accomplish those aims.