2013/14 Calculated Poverty Allowance Expenditure Requirement
State Statue 79-1007.07 requires the Department to compare the 2013/14 calculated Poverty Allowance to actual poverty expenditures reported on the 2013/14 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 2015/16 calculated Formula Needs. In addition to the Poverty Allowance Correction, the District would not be eligible for the Poverty Allowance in the 2015/16 State Aid Certification if poverty expenditures reported on the 2013/14 AFR don’t equal at least 50% of the 2013/14 calculated Poverty Allowance.
For your information, we have created a report that documents the 2013/14 Calculated Poverty Allowance.
School districts can use this report to help determine whether the expenditures reported on the 2013/14 AFR under Function 1160 are 117.65% or more of the 2013/14 Calculated Poverty Allowance.
- Jen Utemark: (402) 471-3323 or email@example.com