COMMONWEALTH OF VIRGINIA
DEPARTMENT OF EDUCATION
P. O. BOX 2120
RICHMOND, VIRGINIA 23218-2120
SUPTS. MEMO. NO. 73
April 25, 1997

INFORMATIONAL

TO: Division Superintendents
FROM: Richard T. La Pointe
Superintendent of Public Instruction
SUBJECT: 1996-97 Entitlements Based on March 31, 1997 ADM

 
  Final division entitlements for 1996-97 based on March
  31,1997, average daily membership (ADM) collected in
  Administrative Supts. Memo. No. 8 dated March 14, 1997, are
  shown on the attachment.  Only those accounts affected by ADM
  are shown.  Please note the following when reviewing this
  attachment.

     1.   Sales Tax is the estimated amount used to compute
          Basic Aid for 1996-97.  Actual receipts on a cash
          and accrual basis will be sent to school divisions
          with the Annual School Report data in July.

     2.   The cash basis for Fringe Benefits are the actual
          amounts you will receive during the 1996-97 school
          year.  The accrual amounts reflected should be used
          when reporting on the 1996-97 Annual School Report.

  If you have any questions concerning this information, please
  call Mrs. June Eanes, Budget Director, at (804) 225-2060 or
  Mrs. Doris West, Senior Budget Analyst, at (804) 225-2091.

  RTL:jfe

  Attachment:  A hard copy of this memo and its attachment
               will be sent to the superintendent's office.