Chapter 41 Districts
Chapter 41 Districts
2003-04 School Year
October 28, 2003
Enclosed is the initial, preliminary Cost of Options Report for the 2003-2004 school year.
This report reflects the initial estimate of the district’s 2003-2004 Option 3 and/or Option 4 cost based on available data as of the date on the printout. Please review this report carefully. If the district has submitted completed worksheets for estimating the cost of buying WADA (either the manual versions or the template versions), the district’s estimate of M&O tax collections (Line 5) and Chapter 41 WADA (Line 7) have been used, as indicated by the asterisk (*). As a reminder, if you want us to use your estimates instead of ours, the data must be submitted by January 12, 2004 (see deadlines listed below).
For those Chapter 41 districts that do not teach all grades and are using the hold harmless provision under Section 41.0021, a printout entitled Worksheet for Section 41.0021 Option 3 Districts With Less Than 12 Grades is attached that details the calculations used to determine the amount of property the district is allowed to retain.
Other items to note on this initial, preliminary Cost of Options Report are as follows:
• 2003-04 M&O tax data: The M&O tax rate used on Line 6 is last year’s tax rate, unless the district submitted its 2003-04 M&O tax rate. If the district has not submitted its M&O tax collection, the M&O tax collection amount on Line 5 was derived by dividing the district’s 2002-03 M&O tax collections by its 2001 CPTD value, as found on the district’s “near final” 2002-03 Summary of Finances, and multiplying the result by the district’s 2002 CPTD value.
• Transfers out, for which tuition is paid (Line 10) and Tuition paid per student (Line 11): If the district pays tuition to another district for the education of some of its resident students, the district may receive a credit against its Option 3 or 4 cost. If applicable, a list of those students for whom tuition is paid and the amount paid per student must be submitted in order for the district to receive this credit.
Please note the following upcoming deadlines between now and February 2004, when payments begin:
• November 17, 2003 – required postmark deadline for districts not seeking an Option 3 early agreement credit or not seeking an Option 4 efficiency credit to submit signed agreements.
• December 22, 2003 – required postmark deadline for districts seeking an Option 4 efficiency credit to submit signed original contracts to the Agency.
• January 12, 2004 – required deadline for districts to submit all worksheets, CAD forms, and partner and WADA record forms.
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An updated Cost of Options Report will be generated in late January 2004 that will reflect any subsequent changes to data submitted. For those districts exercising Option 3, a payment schedule from February 2004 thru August 2004 will also be generated.
As always, the cost of buying WADA is not final until all data elements used in the calculations are final.
Please check our web site for your information needs related to the funding provided by the state through the Division of State Funding.
Texas Education Agency web site:
State Funding Cost of Options Report and related reports web page:
If you have any questions concerning this preliminary report or any other Chapter 41 issues, please contact me or Phu Nguyen at (512) 463-9238.
Sincerely,
Joe Wisnoski, Deputy Associate Commissioner
For School Finance and Fiscal Analysis
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