2012/13 Calculated Poverty Allowance Expenditure Requirement
State Statue 79-1007.07 requires the Department to compare the 2012/13 calculated Poverty Allowance to actual poverty expenditures reported on the 2012/13 Annual Financial Report (AFR), Function 1160 for Poverty Instructional Programs. If the actual poverty expenditures reported do not equal 117.65% or more of the calculated Poverty Allowance, a Poverty Allowance Correction will be included in 2014/15 calculated Formula Needs. In addition to the Poverty Allowance Correction, the District would not be eligible for the Poverty Allowance in the 2014/15 State Aid Certification if poverty expenditures reported on the 2012/13 AFR don’t equal at least 50% of the 2012/13 calculated Poverty Allowance.
For your information, we have created a report that documents the 2012/13 Calculated Poverty Allowance.
School districts can use this report to help determine whether the expenditures reported on the 2012/13 AFR under Function 1160 are 117.65% or more of the 2012/13 Calculated Poverty Allowance.
- Bryce Wilson: (402) 471-3323 or email@example.com