Currently Reading:
State Aid Updates & Upcoming Finance Trainings

State Aid Updates & Upcoming Finance Trainings

State Aid allocations showed an increase from $3,032.20 to $3,419.80 per WADM, and there are a few things to consider when evaluating the increase's effect:

State Aid allocations showed an increase from $3,032.20 to $3,419.80 per WADM, and there are a few things to consider when evaluating the increase's effect:

  1. If you went up in WADM or are maintaining a high-year trend, this may give a false indicator of actually being more than the $387.60 increase per WADM due to the increase    in your WADM. Determine why your revenues went up if the increase was more than you anticipated.
  2. Even if your WADM did go up, it is still important to work to maximize your State Aid--the process doesn’t stop.
  3. It is a good idea to check your ADA against last year's to ensure state-dedicated revenues are not negatively affected or to prepare for a decline in those revenue sources.
  4. This is also a good time to take a census on your grade level student numbers to anticipate any changes for the 2020 or 2021 school years. We do have a format to help with this that will also predict population numbers.

We continue to help schools with calculating pay raises, so if you would like to have us work with you, please let us know so we can schedule some time.

The current state collections are still doing extremely well. We haven't published a July finance report due to OMES waiting to publish an end-of-year financial report. However, we will publish one as soon as we get the data. The State Treasurer’s report shows strong growth over the previous year’s
collections. We also know that the 1017 Fund showed strong growth over the past two years. These are all positive signs for state-level education funding.

Also, we have scheduled encumbrance/treasurer trainings for FY19. If you would like to set up a training for you and other area schools at no charge, we will come out to you and even provide lunch. We do get the SDE's input on various points of emphasis for our training. The first one of the year is scheduled at Ft Supply on August 14.

We are also working to put as much board training online as possible. This is also free for members, and we will be adding all the required topics. This process does take a little time, though, so please be patient. If there is specific area that you think your board needs, please contact us and we will try to accommodate the
request with an in-person training.  

Andy Evans

Director, Finance

Andy serves as the Finance Director for OPSRC. In this role, he provides help in financial and business-related areas for schools. This includes budgets, managing cash flow, Estimate of Needs, federal programs and general service to aid in the effective use of district resources. Additionally, Andy serves as a resource in customizing budget spreadsheets, projection sheets, and other financial tools essential to administrators in maintaining their district’s financial health.

You may also like...

Workshop Wednesdays

I hope everyone is having a great end to the school year. I know you're now in a race to the finish and everyone is really busy, but I wanted to let you know about some new training I’m doing.

Read More
Holiday Breaks: No Time to Slow Down on Social Media!

Don't slow down the social media posts just because you're on holiday break!

Read More
Planning Summer PD & Creating Your Strategic PD Plan

Changes in our PD offerings based on what your staff needs!

Read More
May 18-24 #oklaed News Brief

A collection of Oklahoma education-related news of the week.

Read More

Join in on the conversation