COMMONWEALTH OF VIRGINIA
DEPARTMENT OF EDUCATION
P. O. BOX 2120
RICHMOND, VIRGINIA 23218-2120
SUPTS. MEMO. NO. 65
April 24, 1998

INFORMATIONAL

TO: Division Superintendents
FROM: Paul D. Stapleton
Superintendent of Public Instruction
SUBJECT: 1997-98 Entitlements Based on March 31, 1998 ADM

 
  Administrative Supts. Memo. No. 10 dated March 13, 1998,
  required you to report average daily membership (ADM) as of
  March 31, 1998.  The attached printout reflects your final
  entitlements based on this ADM.  Only those accounts
  affected by ADM are shown.  Please note the following when
  reviewing this attachment.

  1. The Sales Tax estimates are the amounts used to compute
       Basic Aid for 1997-98.  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 1997-98 school
       year.  The accrual amounts should be used when
       reporting on the 1997-98 Annual School Report.

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

  PDS:je

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