One of the 11 funds

(fundraisers, gate fees, etc.)

Highest area of fraud by employees

according to value

Property Tax (local)

must be voted on by legislation

there are several appropriated funds

11%

used to determine property taxes

district audits are required by the state and must be conducted by an independent auditor within

6 months of the close of the fiscal year

results must be made available to the public

Average Daily Membership

(who is actually on the rosters/enrolled)

this is also the largest "weight" for schools

one of the 11 funds 

used for construction 

Building

one of the 11 funds

used for repairs, utilities, custodian salaries

 5 mills of the Ad Valorem

Fund Balance

Cash Forward 

nonrevenue, prior year lapsed appropriations

Carl Perkins

one of the 11 funds

one of the 11 funds

nonrevenue; sharing when 2 or more districts share programs like rural, alternative programs

one of the 7 sources of revenue that are used for equalization

given to all the school districts that reside in the county

the largest source for the intermediate funding

often combined with the 35 local mills for a total of 39 mills that go to General Fund

one of the two categories of state funding:  DEDICATED AND APPROPRIATED

gross production; motor vehicle; rural electric (REA or REC); school land earnings; vehicle tax stamp; farm implement tax

one of the 11 funds

gifts, scholarships, etc. 

don't want to include this funding with general funding so that it is easier to track

compiled by auditor in August

school board must approve within 45 days after Excise Board approved

usually becomes official budget; can spend 100%

12% of funding

7.65% 

one of the "burdens"

state appropriated revenue

part of the state aid formula along with transportation and salary incentive

one of the 11 funds

operations, payroll/salaries, etc.

largest portion is from Ad Valorum

(35 mills + County 4 = 39 mills)

or ADM 

this is the largest "weight"

oil/gas production

a chargeable--used for equalization

state dedicated revenue

one of the 2 types of budgets

expenditures start with amount budgeted or spent in current budget and then adjusted by the same percentage each year (increased or decreased)

County

4 mills

federal revenue source

Indian education

23%

Ad Valorum tax is the biggest source

one of the 11 funds

OKC area sales tax

car tags

state dedicated revenue

one of the chargeables used for equalization

Oklahoma Cost Accounting System 

OCAS

coding for expenditures to help track funds

OCAS report submitted by district to State in July

Oklahoma Parents as Teachers

state appropriated revenue

auditor makes in December

can spend 75% of this

largest source of revenue for local funding 

35 mills

Rural Electric Co-op  or Rural Electric Association

dedicated revenue

chargeable

state appropriated revenue

state dedicated revenue 

chargeable

one of the 11 funds

used to pay off debt

federal revenue source

also one of the weights

65% of funding

dedicated and appropriated

9%

one of the burdens

one of the weights

Title I

Remediation

burden to the district

self-funded by the district

burden to the district

self-funded by the district

one of the two types of budgeting; each expenditure budgeted for must be justified

Plainview is an example of this

State Dept of Ed is the only agency that does not have to do this type of budgeting

building fund mills

also 5 mill Emergency levey in General Fund 

net assessed valuation

bond indebtedness

super majority 

to pass Bond Issue

general fund

building fund

sinking fund

child nutrition

Co-op programs

activity funds

gifts and endowments

bond funds

trust

Maps for Kids

sales tax

nonrevenue

cash

1. Foundation

2.  Transportation

3.  Salary Incentive

school land earnings

gross production

motor vehicle

REA/REC tax

Ad Valorem

County 4 Mill

State Aid

School Land Earnings

Gross Production

Motor Vehicle

REA/REC Tax

name sources of funding from State Appropriated Revenue

1.  FICA/Medicare

2.  Retirement

3. Retirement Fee

4.  Health Insurance

5.  Other Insurance

6.  Workers Comp. Insurance

7.  Unemployment Insurance