Arkansas Administrative Code
Agency 005 - DEPARTMENT OF EDUCATION
Division 01 - Division of Fiscal and Administrative Services
Rule 005.01.11-005 - Distribution of Supplemental Transportation Funds
Universal Citation: AR Admin Rules 005.01.11-005
Current through Register Vol. 49, No. 9, September, 2024
1.0 Regulatory Authority
1.01 These rules are promulgated pursuant to
Ark. Code Ann.§ 6-11 -105 and Act 1075 of 2011.
2.0 Purpose
2.01 These rules shall be applied to all
public school districts for the purpose of distributing $500,000 of
Supplemental Transportation Funds during the 2011-2012 school year as
authorized under Act 1075 of 2011.
3.0 Definitions
3.01 Adequacy Funding Matrix - The formula
used by the Arkansas General Assembly for arriving at the per-student
foundation funding amount.
3.02
Components of Adequacy Funding Matrix - The individual cost categories listed
in the Adequacy Funding Matrix.
3.03 Current Expenditures - Expenditures paid
from Fund 1000 and/or Fund 2000 that occur during a single school fiscal year
excluding expenditures for acquiring capital assets, such as land, existing
buildings, existing infrastructure assets, equipment and debt
service.
3.04 Current
Transportation Expenditures - The average of current expenditures related
solely to transporting students between home and school for the 2009-2010 and
2010-2011 school years.
3.05
Current Transportation Expenditures Per Student - Current Transportation
Expenditures divided by the Three-Quarter Average Daily Membership for
2010-2011.
3.06 Expenditures - The
cash payments and/or recorded liabilities for goods and services
received.
3.07 Foundation Funding -
The amount of money specified by the General Assembly for each school year to
be expended by school districts for the provision of an adequate education for
each student. The annual foundation funding per-student is specified in Ark.
Code Ann. §
6-20-2305(2).
3.08 Fund 1000 - The group of designated
accounts used to pay the salaries of licensed personnel from foundation
funding.
3.09 Fund 2000 - The group
of designated accounts used to pay expenditures, other than the salaries of
licensed personnel, from foundation funding.
3.10 Transportation Component of the Adequacy
Funding Matrix - The Adequacy Funding Matrix Component described as
"transportation". The dollar amount specified for this component is $303.80 for
the 2011-2012 school year.
3.11
Transportation Component Percentage - Current Transportation Expenditures Per
Student divided by the Transportation Component of the Adequacy Funding Matrix
for the 2011-2012 school year ($303.80). The result will be stated as a
percentage.
3.12 Transportation
Costs in Excess of Foundation Funding - The Transportation Component of the
Adequacy Funding Matrix for the 2011-2012 school year ($303.80) multiplied by
each school district's 2010-2011 Three-Quarter ADM. The result is subtracted
from Current Transportation Expenditures.
4.0 Distribution of Funds
4.01 The Arkansas Department of Education
(APE) will distribute a total of $500,000 of Supplemental Transportation
Funding during the 2011-2012 school year only.
4.01.1 Funds will be distributed to each
school district that has a Transportation Component Percentage of 120% or
more.
4.01.2 Each school district
eligible for funding per 4.01.1 will receive an amount equal to its
Transportation Costs in Excess of Foundation Funding divided by the total
Transportation Costs in Excess of Foundation Funding for all eligible school
districts multiplied by $500,000.
Disclaimer: These regulations may not be the most recent version. Arkansas may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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