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SUPTS. MEMO. NO. 73
April 25, 1997 |
| TO: | Division Superintendents |
| FROM: | Richard T. La Pointe
Superintendent of Public Instruction |
| SUBJECT: | 1996-97 Entitlements Based on March 31, 1997 ADM |
Final division entitlements for 1996-97 based on March 31,1997, average daily membership (ADM) collected in Administrative Supts. Memo. No. 8 dated March 14, 1997, are shown on the attachment. Only those accounts affected by ADM are shown. Please note the following when reviewing this attachment. 1. Sales Tax is the estimated amount used to compute Basic Aid for 1996-97. 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 1996-97 school year. The accrual amounts reflected should be used when reporting on the 1996-97 Annual School Report. If you have any questions concerning this information, please call Mrs. June Eanes, Budget Director, at (804) 225-2060 or Mrs. Doris West, Senior Budget Analyst, at (804) 225-2091. RTL:jfe Attachment: A hard copy of this memo and its attachment will be sent to the superintendent's office.