005.28.54-3.00. Definitions
AR ADC 005.28.54-3.00Arkansas Administrative CodeEffective: July 3, 2022
Effective: July 3, 2022
Ark. Admin. Code 005.28.54-3.00
Formerly cited as AR ADC 005.01.32-3.00
005.28.54-3.00. Definitions
3.01 Average Daily Membership (ADM) means the total number of days of school attended plus the total number of days absent by students in kindergarten through grade twelve (K-12) during the first three (3) quarters of each school year, divided by the number of school days actually taught in the school district during that period of time, rounded up to the nearest hundredth.
3.03 Excess Net Revenues Plus Calculated Miscellaneous Funds means the amount of net revenues plus calculated miscellaneous funds a school district receives that is greater than the foundation funding amount. Excess net revenues plus calculated miscellaneous funds excludes the amount remitted to the ADE above ninety-eight percent (98%) of assessed value for the uniform rate of tax.
3.06 Student Growth Funding means the amount of state financial aid provided to an eligible school district from funds made available for the growth in the ADM of the school district for each sequential quarter beginning with prior fiscal year quarter four (4) and ending with current fiscal year quarter three (3) compared to each corresponding prior fiscal year three-quarter ADM of the school district.
Credits
Adopted Jan. 1, 2019. Amended July 3, 2022.
Current with amendments received through February 15, 2024. Some sections may be more current, see credit for details.
Ark. Admin. Code 005.28.54-3.00, AR ADC 005.28.54-3.00
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