The release of the initial State Aid allocation numbers is always interesting. The most notable trend in the numbers was a surprising decrease of 1,200.69 WADM. We knew there was a high percentage of districts that would be leaving their high year, but the question was where the students would go. Let’s take a look at the actual numbers compared to initial allocations from past years.
There was a decrease of 1,200.69 WADM from July FY19 to July FY20.
The detail weight sheets confirm the loss of ADM. There was a decrease of 2,213.32 ADM statewide between July FY19 and July FY20.
There were declines in the grade weights, G/T weights and economically disadvantaged student weights. Bilingual and special education showed increases; these two growth areas kept the decline from being more significant.
The total State Aid allocations listed and compared below show a significant growth curve.
The net State Aid factors show a $162.94 increase over the previous year.
If you are in a district coming off the 3-year high, the higher State Aid factors are a huge benefit. The most surprising drop in the detailed weight sheet was in the decrease of economically disadvantaged students. It would be beneficial to check your district's number gathering process for the economically disadvantaged students to ensure that all available data is provided to the state. If we can help you with this, please let us know. We will send out our next finance report in mid-August, and we will have the chargeable report ready at that time as well.
We will be seeing the first full-quarter numbers of Oklahoma’s new fiscal year over the next two weeks. One item that is extremely important is sales tax.
It’s official: summer is here! Hopefully, you are looking forward to some well-deserved downtime with your family and with colleagues. Not being a warm weather fan, I am already looking forward to the fall with its college football and Indian tacos at the Oklahoma State Fair.
With the beginning of a new year, it is important to look at what happened at the end of the previous year. OMES published the graph below to compare FY18's estimated revenue with collected revenue.
The latest update on the education budget crisis.