House Research Department December 2015 Minnesota School Finance Page 19 ‘The extended time revenue program allows a school district to count a student who participates in extended programming for up to an additional 0.2 students in ADM for the time the student spends in extended day, extended week, summer school, or other additional programming authorized by the learning year program. This additional ADM counts only for purposes of generating extended time revenue, The extended time revenue allowance was increased from $5,017 to $5,117 for fiscal year 2016 and later. For charter schools, beginning in fiscal year 2017, per pupil extended time revenue equals 25 percent of the district average amount for that year. School District Extended Time Revenue = $5,117 x the district’s extended time adjusted pupil units 3. Gifted and Talented Revenue Beginning in fiscal year 2006, each school district received $4 per pupil unit for gifted and talented programming. This amount was increased to $9 per pupil unit for fiscal year 2007 and further increased to $12 per pupil unt for fiscal years 2008 through 2014, For fiscal year 2015 and later, the formula allowance is increased to $13 per pupil unit to reflect the new, lower adjusted pupil count, The revenue must be reserved and spent only to: (1) identify gifted and talented students; 2) provide education programs for gifted and talented students; or ) provide staff development to prepare teachers to teach gifted and talented students. Gifted and Talented Revenue = $13 x Adjusted Pupil Units 4, Small Schools Revenue A school district (but not a charter school) that serves less than 960 pupil units is eligible for small schools revenue equal to $544 times the district’s adjusted pupil units, times the ratio of 960 less the district's adjusted pupil units to 960. 5. Declining Enrollment Revenue For fiscal year 2015 and later, a district’s declining enrollment revenue equals the greater of zero of 28, percent of the formula allowance for that year and the difference between adjusted pupil units for the current year and the adjusted pupil units for the previous year. 6. Local Optional Revenue ‘The 2013 Legislature created a new component of general education revenue called location equity revenuc. For fiscal year 2016 and later, local optional revenue equals $424 per pupil for every school district, For fiscal year 2015 only, local optional revenue, formerly named location equity revenue, is equal to $424 per pupil for any district partially or wholly located in the seven-county metropolitan area and $212 per pupil for any district in the rest ofthe state that serves atleast 2,000 pupils. Local optional revenue is offset from each district's approved amount of referendum revenue, so for most qualifying districts, local optional revenue provides no direct additional revenue. Instead, local optional revenue provides space under the referendum allowance cap and provides enhanced equalization revenue for some districts.