005.28.54-4.00. Declining Enrollment Funding
AR ADC 005.28.54-4.00Arkansas Administrative CodeEffective: July 3, 2022
Effective: July 3, 2022
Ark. Admin. Code 005.28.54-4.00
Formerly cited as AR ADC 005.01.32-4.00
005.28.54-4.00. Declining Enrollment Funding
4.01 Declining enrollment funding is equal to the three-quarter ADM of the prior fiscal year, subtracted from the average of the three-quarter ADM of the prior fiscal year and the ADM of the fiscal year prior to the prior fiscal year, multiplied by the current amount of foundation funding per-student established by the General Assembly.
4.02 Pursuant to Ark. Code Ann. § 6-20-2305 (a)(3)(C), no school district shall receive both declining enrollment funding and student growth funding. These two funding categories are calculated using ADM data from different time periods. Therefore, within one fiscal year, it is possible for a school district:
4.04 Declining enrollment funding is unrestricted funding. However, under Ark. Code Ann. § 6-20-2203, by February 15 of each year for each school district receiving declining enrollment funding, the ADE shall submit to the state board, the Governor, and the Senate and House Education Committees, a report listing the amount of declining enrollment funding received under Ark. Code Ann. § 6-20-2305(a)(3)(A), how the funds were expended, the amount expended, and any other information required. To enable the tracking of expenditures of declining enrollment funding for these required reports, the funds may not be transferred to another fund prior to expenditure, but must be expended directly from the declining enrollment fund.
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 005.28.54-4.00, AR ADC 005.28.54-4.00
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