SUPTS. MEMO. NO. 1
March 19, 1998
|FROM:||Daniel S. Timberlake, Assistant Superintendent for Finance|
|SUBJECT:||Final 1998-2000 Budget Passed by the General Assembly|
Pursuant to Section 22.1-93, Code of Virginia, the Department of Education is providing "...estimates to be used for budgetary purposes relative to the Basic School Aid Formula..." for the 1998-2000 biennium. These estimates represent the state funding that is projected to be distributed to school divisions over the next two school years beginning July 1, 1998. On Tuesday, March 17, 1998, the 1998 Session of the General Assembly adopted the final budget for the 1998-2000 biennium. HB 30, as passed by the General Assembly, will now go to Governor Gilmore for action. Governor Gilmore will have the option of signing the bill as presented to him, amending parts of the bill, or vetoing parts of the bill. He must take this action prior to the reconvened session where the General Assembly will consider any amendments or vetoes from Governor Gilmore. Consequently, unless signed by Governor Gilmore with no changes, the budget as adopted by the General Assembly will not become final until after the reconvened session has concluded. The reconvened session is currently scheduled for April 22, 1998. The budget proposed by Governor Allen in HB 30 is the base against which the General Assembly changes have been made. All actions described in this memorandum are changes to Governor Allen's introduced budget (HB 30). As you review this information, please refer to Informational Supts. Memo. 197, dated December 19, 1997, and Informational Supts. Memo. No. 15, dated January 29, 1998, which describe HB 30 as introduced. For the purposes of this memo, fiscal year 1998 means the current year which began on July 1, 1997, and ends on June 30, 1998. Fiscal year 1999 means the year which begins on July 1, 1998, and ends on June 30, 1999. Fiscal year 2000 means the year which begins on July 1, 1999, and ends on June 30, 2000. Attachments are enclosed to provide detailed information on changes enacted by the General Assembly. These attachments include: Attachment A Changes to HB 29 passed by the General Assembly for fiscal year 1998. Attachment B Changes to HB 30 passed by the General Assembly for the 1998-2000 biennium. Attachment C Language passed by the General Assembly and included in HB 30. Attachment D School division specific printout for the budget passed by the General Assembly in HB 30 for the 1998-2000 biennium. Attachment E School division specific printout listing the schools eligible for the revised Primary Class Size Reduction program. Attachment D is divided into 3 groups designated by the roman numerals to the left of the accounts. The first group (I) lists all of the Standards of Quality accounts. The second group (II) lists all of the incentive-based accounts that require school divisions to apply for the funds and to meet certain criteria. The third group (III) lists all of the categorical accounts for each school division. The funds projected for groups I and II are based either on the most recent data available to the Department of Education or the Department of Education's projected March 31 Average Daily Membership (ADM) where funding is enrollment driven. While the Department has confidence in the projections of total ADM statewide, projections by individual locality are subject to change for factors that are better known at the local level. You are encouraged to substitute your own projections of ADM if you believe that your local projections are more accurate than the Department's. The numbers represented for the accounts in group III are estimates based on the most recent data available to the Department of Education. If you have any questions, or need additional information, please contact Daniel S. Timberlake, Assistant Superintendent for Finance, at (804) 225-2025, June F. Eanes, Budget Director, at (804) 225-2060, or Kent Dickey, Data Base Analyst, at (804) 225-2806. DST Attachments: A hard copy of this memo and its attachments will be sent to the superintendent's office.