Ohio Code 3317.0218 – Supplemental targeted assistance funding
This section shall apply only for fiscal years 2022 and 2023.
Terms Used In Ohio Code 3317.0218
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
For each fiscal year, the department of education shall compute supplemental targeted assistance for each city, local, and exempted village school district as follows:
(A) Determine if the district satisfies both of the following criteria:
(1) The wealth index calculated for the district for fiscal year 2019 under division (A)(4) of former section 3317.0217 of the Revised Code as it existed prior to the effective date of this section is greater than 1.6;
(2) The district’s enrolled ADM for fiscal year 2019 is less than eighty-eight per cent of the district’s total ADM for fiscal year 2019.
(B) Determine the maximum of the wealth indices calculated under division (A)(4) of former section 3317.0217 of the Revised Code as it existed prior to the effective date of this section for all districts that satisfy both of the criteria specified under division (A) of this section;
(C) If the district satisfies both of the criteria specified under division (A) of this section, compute the district’s supplemental amount as the product of the following:
(1) {[(The number specified under division (A)(1) of this section – 1.6)/ (the number determined under division (B) of this section – 1.6)] X 675} + 75;
(2) The district’s enrolled ADM.
(D) If the district does not satisfy both of the criteria specified under division (A) of this section, the district’s supplemental amount shall be equal to zero.
Last updated September 30, 2021 at 4:24 AM