Pr inc ipal Appor tionme nt (Pe r iod I Ce r tific ation) & - - PowerPoint PPT Presentation
Pr inc ipal Appor tionme nt (Pe r iod I Ce r tific ation) & L CF F E xhibits Sa ra h L a mpe nfe ld & L inda Da ug he rty F e b rua ry 27, 2020 Unde r
Sa ra h L a mpe nfe ld & L inda Da ug he rty F e b rua ry 27, 2020
Stude nt Atte nda nc e (ADA) Da ta re po rte d to CDE CDE Appo rtio nme nt F unds SCO I ssue s Pa yme nts SACS Ac c o unting Annua l Audit
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With e a c h a ppo rtio nme nt c e rtific a tio n, CDE pub lishe s a Princ ipa l Appo rtio nme nt Summa ry
Adva nc e
By July 20th, CDE pub lishe s the Adva nc e d Appo rtio nme nt. T he a ppo rtio nme nt is b a se d o n prio r ye a r P-2, e stima te s c urre nt ye a r funding o nly a nd se ts pa yme nts fo r July – Ja nua ry.
F irst Princ ipa l P-1
By F e b rua ry 20th,CDE pub lishe s P-1. Supe rse de s Adva nc e , b a se d
da ta , re vise s prio r ye a r da ta , se ts pa yme nts fo r F e b rua ry – Ma y.
Se c o nd Princ ipa l P-2
By June 25th, CDE pub lishe s P-2. Supe rse de s P-1, b a se d o n c urre nt ye a r da ta , re vise s prio r da ta , se ts fina l pa yme nt fo r the ye a r (June ).
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Balance Due 20%
20%
20%
20%
879,419 February 879,419 May 879,419 Total Paid (Through P-1) 9,120,581 March 879,419 April P-1 Principal Apportionment (PA) 10,000,000 4,397,096 Less Advance Pmt. (July-Jan. 2020) (5,602,904)
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01-0000-0-0000-0000-8011-000-0000 Revenue Limit S,Unrestric BA20-00001 CT20-00132 509,355 CT20-00258 509,355 CT20-00402 916,839 CT20-00599 916,839 CT20-00726 916,839 CT20-00867 916,839 CT20-01136 916,839 CT20-011XX 849,418 01-0000-0-0000-0000-8019-000-0000 PY Revenue 879,419 CT20-011XX 30,000 9,612,798 Jan 2020 Advacne Principle Apport Net 01/28/20 Feb 2020 P-1 Principle Apport 02/27/20 Dec 2019 Advance Apportionment 12/27/19 Feb 2020 P-1 P1 PY Adj. School District LCFF 02/28/20 Oct 2019 Advance Appnmnt 11/01/19 Nov 2019 Advance Apportionment 11/25/19 August 2019 Advance Appnmnt net 08/28/19 Sept 2019 Advance Appnmnt 09/26/19 Approve Budget,OB20-07,Fund 01 07/01/19 9,612,797.00 July 2019 Advance Appnmnt net 07/29/19
Adopted Budget Revised Budget Revenue Account Balance Fund 01 - General Fund
Fiscal03a Account Transaction Detail by Object-Balance
Detail for Dates / / Fiscal Year 2019/20
Ref# Pay To Name Journal # Description Trans Date
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July 5% September (quarter 1) 25% August 5% 50% September 9% ior payments October 9% November 9% December 9% P-1 EPA Entitlement January 9% 75% ior payments Balance Due P-2 EPA Entitlement 20%
20%
20%
20%
P-2 Principal Apportionment (PA) Total June Balance Due Principal Apportionment (PA) Education Protection Account (EPA) Payment Schedule Advance PA Total 10,187,098 Advance EPA Entitlement 489,160 509,355 122,290 509,355 December (Quarter 2) 122,290 916,839 Total Paid (Through Quarter 3) 375,000 916,839 Total Paid (Quarter 1 & 2) 244,580 916,839 916,839 500,000 916,839 March (Quarter3) 130,420 Total Paid (Through Advance) 5,602,904 P-1 Principal Apportionment (PA) 10,000,000 4,397,096 Less Advance Pmt. (July-Jan. 2020) (5,602,904) 879,419 510,000 February 879,419 June (Quarter 4) Balance Due 135,000 Total Paid (Balance check) 9,900,000 May 879,419 Total Paid (Through P-1) 9,120,581 9,900,000 779,419 March 879,419 Total Paid (Balance Check) 510,000 April
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Ho me / F ina nc e & Gra nts/ Allo c a tio ns & Appo rtio nme nts/ Princ ipa l Appo rtio nme nt/ Ye a r
the full imple me nta tio n o f L CF F .
ha ve diffe re nt line ite m re fe re nc e s due to the se c ha ng e s. F
a nd mo difie d e xhib its, CDE ha s c re a te d a c ro sswa lk do c ume nt to ide ntify whic h line ite ms in the 2019-20 e xhib its c o rre spo nd to the line ite ms a s the y a ppe a re d in 2018-19. Cro sswa lk: www.c de .c a .g o v/ fg / a a / pa / e xhib itg uide s.a sp
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Char te r L CF F E xhibits Change s Distr ic t L CF F E xhibits Change s
Cha rte r Sc hool ADA
No Cha ng e
Sc hool Distric t ADA
No Cha ng e
Cha rte r Sc hool UPC
No Cha ng e
Sc hool Distric t UPC
No Cha ng e
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Ame nde d
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Ame nde d
Cha rte r Sc hool L CF F Ca lc ula tion (pre vio usly 5 e xhib its) 3 re tire d/2 me rg e d
NE W
Sc hool Distr ic t L CF F Calc ulation
(pre vio usly 3 e xhib its) 2 re tire d/1 me rg e d
NE W
Sc hool Distr ic t L
Re ve nue
Ame nde d
Sc hool Distric t NSS Allowa nc e for L CF F
NE W (Pre vio usly 3
e xhib its) 2 re tire d
No te : Ba sic Aid Supple me nta l & Distric t o f Cho ic e Ca lc ula tio n E xhib its a re no t inc lude d in the L CF F c a lc ula tio n/ c a lc ula to r, b ut we re a me nde d to e xc lude ta rg e t funding fo rmula c rite ria .
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T ha nk yo u! 11