- Report Published -
|Actual Fiscal Year 2009 Required Local Effort; Budgeted Fiscal Year 2010 Required Local Effort and Required Local Match|
|Department of Education|
|Pursuant to the requirements of Section 22.1-97, Code of Virginia, the Department of Education collected data from school divisions on the actual local funding effort in support of the Standards of Quality for fiscal year 2009, through the 2008-2009 Annual School Report Financial Section (ASRFIN). Information was also collected from school divisions on budgeted required local effort in support of the Standards of Quality for fiscal year 2010.|
This report provides the results of calculations made to ensure that each school division has expended or appropriated (depending upon the year under review) sufficient local funds to support its required local effort. The purpose of required local effort is to ensure that each school division has sufficient local operational expenditures to support its local share of the cost of the Standards of Quality. Fiscal year 2009 calculations are based on actual local operational expenditures, and fiscal year 2010 calculations are based on budgeted local operational expenditures.
For fiscal year 2009, all school divisions have submitted the required information to review their required local effort for SOQ accounts and all divisions met required local effort in fiscal year 2009.
For fiscal year 2010, all school divisions have submitted the required information to review their budgeted required local effort for SOQ accounts. All school divisions have budgeted local operational funds sufficient to meet budgeted required local effort for fiscal year 2010. School divisions whose local appropriations for fiscal year 2010 are only slightly in excess of the amount required to maintain local effort for the Standards of Quality have been advised to review their average daily membership on a monthly basis during the fiscal year to ensure sufficient local appropriations are available based on current enrollment levels.
Pursuant to Item 140, Paragraph B.10, Chapter 781, 2009 Acts of Assembly, for fiscal year 2009, the Department of Education collected data on actual local expenditures for Lottery and School Facilities programs that have a required local match. In fiscal year 2009, school divisions were required to report on local expenditures to support the actual required local match for the School Facilities account: School Construction; and for Incentive accounts: At Risk; Virginia Preschool Initiative; Early Reading Intervention; K-3 Primary Class Size Reduction; SOL Algebra Readiness; and Additional Support for School Construction and Operating Costs. All school divisions reported actual local operational expenditures sufficient to meet required local match for the programs in which they elected to participate in fiscal year 2009.
For fiscal year 2010, all school divisions submitted the required information to review their budgeted required local match for Lottery accounts (At Risk, Virginia Preschool Initiative, Early Reading Intervention, K-3 Primary Class Size Reduction, and SOL Algebra Readiness). Please note that all programs with a required local match are located in the Lottery service area in fiscal year 2010. All school divisions have budgeted local operational funds sufficient to meet budgeted required local match for all Lottery accounts in which they elected to participate in fiscal year 2010.