COMMONWEALTH OF VIRGINIA
DEPARTMENT OF EDUCATION
P.O. BOX 2120
RICHMOND, VIRGINIA 23218-2120

SUPTS. MEMO NO. 54
April 13, 2001

INFORMATIONAL
 
TO: Division Superintendents
FROM: Jo Lynne DeMary
Superintendent of Public Instruction
SUBJECT: Superintendentís Annual Report Table 15

Attached to this memorandum are tables 15 from the Superintendentís Annual Report for Virginia for fiscal years 1998-1999 and 1999-2000. Attachment A contains table 15 data for 1998-1999 and Attachment B contains table 15 data for 1999-2000. These tables show total expenditures as well as expenditures per pupil for public school operations by fund source.

Please note that, for the purposes of table 15, the department has changed the methodology for calculating total support from state and federal sources to account for beginning and end-of-year balances as well as revenue collected during a particular fiscal year. The methodology now calculates these sources of support by adding beginning-year balances to current-year revenues and then subtracting end-of-year balances as reported on the Annual School Report. This change in methodology is required to accurately reflect the ability to carry over certain state funds and to recognize that portions of federal funds may be carried over as well. This methodology provides a more accurate calculation of the amount of funds actually expended from these revenue sources and, therefore, yields a more accurate calculation of local funds expended for public school operations.

Also, please note that table 15 for fiscal year 1998-1999 has been revised to reflect this change in methodology. The attached table for 1998-1999 serves as a replacement for the table that was released as part of Informational Superintendentís Memorandum number 88, dated April 28, 2000.

We hope that you find this information helpful. If you have any questions, please contact budget office staff at (804) 225-2025.

JLD:kmr

Attachments

/administrators/superintendents_memos/2001/inf054a.pdf

/administrators/superintendents_memos/2001/inf054b.pdf