COMMONWEALTH OF VIRGINIA
DEPARTMENT OF EDUCATION
P. O. BOX 2120
RICHMOND, VIRGINIA 23218-2120
SUPTS. MEMO. NO. 64
April 24, 1998

INFORMATIONAL

TO: Division Superintendents
FROM: Paul D. Stapleton
Superintendent of Public Instruction
SUBJECT: Adjustments to Basic Aid for the 1997-98 year

 
  Attached is a printout reflecting the various adjustments
  that must be made to Basic Aid for the 1997-98 year.  These
  adjustments include the Summer Residential Governor's
  School, Foreign Language Academies, Mental Health/Mental
  Retardation transfer, the Electronic Classroom (VSEN)
  payment, overpayment of Group Life Insurance, and tuition
  payment for the Deaf/Blind Schools. 

  The overpayment to Group Life Insurance is because the
  Department made one payment at the beginning of the year
  instead of monthly payments throughout the year.  Since the
  General Assembly declared a holiday for the last two months
  of the year, we need to recover the amounts related to the
  last payment you would get this year.  The second month's
  payment would have been made as the special July fringe
  benefit rollover payment.

  The total adjustment will be made in May to Basic Aid.  If
  you have any questions concerning these adjustments, please
  call Mrs. June Eanes, Budget Director, at (804) 225-2060.

  PDS:je

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