SUPTS. MEMO. NO. 196
December 19, 1997
||Richard T. La Pointe
Superintendent of Public Instruction
|SUBJECT:||1997-98 Revised Entitlements|
Estimates of unadjusted and adjusted Average Daily Membership (ADM) for 1997-98 have been revised based on actual September 30, 1997, fall membership. These revised estimates represent a decrease in unadjusted ADM of 3,917 students from the estimates contained in the 1996-98 Appropriations Act (Chapter 924). The Sales Tax estimate used to compute Basic Aid has been increased to $637,300,000 for the 1997-98 year. Based on these revisions, estimated 1997-98 entitlements for all ADM driven accounts have been recomputed. These estimates, along with the revised ADM and Sales Tax and information on other accounts are provided on the Attachment. These revised entitlements are estimates and cannot be finalized until the actual March 31, 1998, ADM is known. While we have confidence in the accuracy of our projections of total ADM for the state, experience has shown that the accuracy of projections for individual localities may vary. When localities believe that they have more accurate projections of their March 31 ADM, they are encouraged to substitute their estimates for those provided in this document. Questions may be directed to Mr. Daniel S. Timberlake, Assistant Superintendent for Finance, at (804) 225-2025, or Mrs. June F. Eanes, Budget Director, at (804) 225-2060. RTL:je Attachment: A hard copy of this memo and its attachment will be sent to the superintendent's office.