EDLD 5342 School Finance Week 3 Assignment – Sources of Revenue for the School District Budget

Week 3 Assignment Part 1

Week Three Assignment Part 1 Data
	District 1	District 2
Economically Disadvantaged	93.30%	20.70%
Total Refined ADA Adjusted for Decline	3893.754	4032.937
Weighted Average Daily Attendance	5555.815	4794.076

District 1 has a smaller ADA but a larger WADA because "WADA is based on the number of students attending the school district and the type of students attending the school district. For example, a district receives additional program allocations if students attending the schools are economically disadvantaged. " Excerpt  from EDLD 5342 School Finance  Week  three lecture  

Week 3 Assignment Part 2

Week Three Assignment Part 2 Data
	District 1	District 2
Revenue Per WADA@Compressed Rate	$7,206	$5,044
Total M&O	$1,369,340	$35,879,109
Total # of teachers, librarians, nurses & Counselor	281	307

District 1 even though they are getting more WADA funds they have fewer teachers, librarians, nurses and counselors. District 1 has less money for M&O but both districts have 7 campus.

Week 3 Assignment Part 3

In this assignment it is stated “The intent of the WADA (Weighted Average Daily Attendance) was to provide more money and professionals working directly with students in District 2 Example than in the District 1 Example because the percentage of economically disadvantaged students but the action failed to accomplish that goal in this case;” but when looking at the Data given the data for each district the statement does not hold true.  Listed below is a compilation of Data given, when looking at the charts it is clear that District 1 is in far more need of funding then District 2.

	District 1	District 2
Economically Disadvantaged	93.30%	20.70%
Total Refined ADA Adjusted for Decline	3893.754	4032.937
Weighted Average Daily Attendance	5555.815	4794.076
Total # of teachers, librarians,nurses & Counselor	281	307
Revenue Per WADA@Compressed Rate	$7,206	$5,044
Total M&O	$1,369,340	$35,879,109
2010 Local District Property Value (DPV)	$145,968,635	$2,916,187,709
I&S (Interest &Sinking Fund ) Tax Collections	$94,871	$8,836,256
Chapter 46 (EDA) totals	$572,716	$0
Compensatory Education Allotment	$3,835,006	$6,333,369
	$151,840,568	$2,967,236,443

Maintenance and Operation funds by definition from the glossary of the resource section of the class notes “is a local school district property tax rate that raises revenue to operate and maintain the district’s schools; M&O taxes are subject to a statutory maximum of $1.50 per $100 of taxable value.”  M&O funds can be used for salaries, utilities and day to day operation of the district. Interest & Sinking (I&S) can be used for debt and to pay back interest from a bond. District1 total of funds for M&O,I&S, DPV,EDA and compensatory education allotment is $151,840,568. District 2 total of funds for M&O,I&S, DPV,EDA and compensatory education allotment is $2,961,031,830. A difference of $2,961,031,830 in funding to provide a safe, clean and academically successful environment for a district with 93.3% economically disadvantaged. With this type of funding difference there are some areas that District1 will fall short. The amount that staff can be paid will be less, the availability of basic supplies will be smaller, any debt there is only minimal can be paid with the hope of ever paying it off

Week 3 Assignment Part 4

The source of funding for the maintenance and operations fund is $1.04 with $0.378 debt for a total tax rate of $1.418. Given the total M&O for local and state is $81,795,851. Maintenance and Operation funds by definition from the glossary of the resource section of the class notes “is a local school district property tax rate that raises revenue to operate and maintain the district’s schools; M&O taxes are subject to a statutory maximum of $1.50 per $100 of taxable value.”  This definition was provided by the glossary in the class resource.

The relationship of source of funds for school district with the allocation of funds for a school district is a topic that is difficult to grasp but as I work it out I believe that the basic allotment is $2,537.  When comparing the source with the allocation and expenditures in Duncanville ISD. The estimated revenues for the district including local and state for general fund, child nutrition fund, debt service fund, and capital fund are $108,953,442. The total expenditures for  codes 11- Instruction, 12- Instructional Resources & Media, 13- Curriculum/Staff Development, 21- Instructional Leadership, 23- School Leadership, 31- Guidance, Counseling & Evaluation, 32- Social Work, 33- Health Services, 34- Student Transportation, 35- Nutrition Services, 36-, Co-curricular/Extracurricular Activities 41- General Administration, 51- Plant Maintenance & Operations, 52- Security & Monitoring Services, 53- Data Processing Services, 61- Community Services, 71- Debt Service, 81- Facilities Acquisition & Construction, 95- Payments to Juvenile Justice, 99- Appraisal Costs including both local and state from the general fund, child nutrition fund, debt service fund, and capital fund are $116,408,735 an overage of $-7,455,293. Due to this overage money from the fund balance are used to make up the difference.  

Week 3 Assignment Part 5

Week Three Assignment Part 5 Data
	District 1	District 2
2010 Local District Property Value (DPV)	$145,968,635	$2,916,187,709
I&S (Interest &Sinking Fund ) Tax Collections	$94,871	$8,836,256
Chapter 46 (EDA) totals	$572,716	$0
Total	$146,636,222	$2,925,023,965

District 1 will have issues improving and maintaining their facilities compared to District 2.  Due to the lack of funds District 1 will have a hard time insuring their student s safety in their facilities; unforeseen problems could cause other need improvements to be put off. Like if the air conditioning breaks and need to be replaced in August and there were scheduled upgrades for the school cafeteria. One on these will have to be put off a little longer.  

Week 3 Assignment Part 6

Week Three Assignment Part 6 Data
	District 1	District 2
Compensatory Education Allotment	$3,835,006	$128,756

The use of the funds from compensatory education allotment could help students that are at- risk with additional programs to help them achieve in the academic setting, It could also help will fund for staff to work with students on some of the other issue that are associated with the economically disadvantage.