January 12, 2018 Finance Newsletter

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January 12, 2018

FINANCIAL AND BUSINESS SERVICES

Financial and Business Services is made up of two divisions: School Business Administration,
and Financial Services. These Divisions report to Adam Levinson, CFO

Weekly Finance Webinar for January 16, 2017 has been cancelled.

Cancelled


Due to a number of staff being unavailable, we will not hold a webinar next Tuesday, but will resume on January 23.


Change in IRS Mileage Rate Effective January 1, 2018

Effective January 1, 2018, the Internal Revenue Service (IRS) has established new mileage rates based on an annual study of the fixed and variable costs of operating an automobile.

 

The business standard rate increased from 53.50 cents per mile to 54.50 cents, and the medical or moving purposes rate increased from 17 cents per mile to 18 cents.

 

For questions, please contact Roxane Bernard at roxane.bernard@dpi.nc.gov.

 


Charter School Webinar for Teacher bonus payments – Charter schools Only

The Division of School Business, in collaboration with the Office of Charter Schools, will be holding a webinar on Wednesday January 17th to provide information on the Teacher bonuses. Charter schools should have received through the secure shell notification of the teachers who are eligible for the bonuses (except for the Advanced placement exams).  If you have teachers who qualified for any of the following legislated bonuses, please have a staff member attend.

3rd Grade Reading Bonus

4th and 5th Grade Reading Bonus

4th to 8th Grade Math Bonus

Advanced Placement exam bonus

Certification or Credential bonus

Please refer to the newsletter from the Office of Charter Schools for details on how to join the webinar. Please review the Q&As and allotment information posted on the FBS website at http://www.ncpublicschools.org/fbs/


Charter, Regional and UNC Lab Schools with current enrollment - ONLY

Phase I: Average Daily Membership (ADM) Projection - Initial Submission for School Year 2018-19

ALL charter school Executive Directors are required to submit between January 16 – 23, 2018 the Charter School ADM Projection System (CSADM), Phase I - ADM Projection Initial Submission for School Year 2018-19.

 

Phase I requires the following field to be completed: Requested 2018-19 ADM. This represents a projection of the number of students who will be in membership for 2018-19.

 

This submission is required even if your school has requested State Board approval for growth higher than 20%, you must respond to this request.

 

The CSADM Projection System is accessible at any of the following links:

CSADM website: https://schools.nc.gov/csadm

The Financial and Business Services, Charter Schools Financial Operations, CSADM, http://www.ncpublicschools.org/fbs/charterschools/

 

As this impacts your schools funding, we will only accept information submitted by the Head of School.

The Charter Schools ADM Projection System (CSADM) is an online system designed to assist each charter school with improving the accuracy of key components in the budgeting process, projected AD< and grades served request. The projected ADM projects the number of students who will be in membership for the fiscal school year, 2018 – 19 and grades served should capture any planned grade level expansion or reduction for the 2018 – 19 school year.  This information is critical to the budget process and ensures adequate funding and minimal disruption to charter schools and LEA funding

 To access the system, the Executive Director will need a North Carolina Identity Management identification (NCID) login. If you do not have an NCID, you must contact the Charter Schools' NCID administrator to set up an account for you. A directory of charter school NCID administrators is available at https://www.ncid.its.state.nc.us/LEAListing.asp .

DPI cannot assign an NCID or reset NCID passwords.

 

If you have questions concerning CSADM, please contact Angela Harrison in the Division of School Business at 919-807-3734 or angela.harrison@dpi.nc.gov.

 [AL1]Cleaned this up a bit for clarity…please confirm I did not change anything substantively


Highly Qualified NC Teaching Graduate Supplement

The State Board of Education approved modifications to the HQ supplement to clarify the test scores required to qualify for the supplement. The following is the modified policy, also posted on the FBS website.

E. HIGHLY QUALIFIED NC TEACHING GRADUATE S.L. 2017-57 Section 8.2

A highly-qualified graduate who is employed by a LEA shall receive a salary supplement each month at the highest level for which the graduate qualifies under this section. Highly qualified is defined as a classroom teacher who:

·         has zero years of experience as a certified teacher

·         was employed for the first time as a classroom teacher on or after July 1, 2017

·         graduated from an approved educator preparation program located in NC

·         graduated with a GPA of 3.75 or higher and meet a certain score on edTPA or PPAT assessments:

 

o   A score of 42 or higher for the World Languages and Classical languages edTPA assessments (those with 13 rubrics)

o   A score of 57 or higher for the Elementary Education edTPA assessment (those with 18 rubrics)

o   A score of 48 or higher for all other edTPA assessments (those with 15 rubrics)

o   A score of 44 or higher for the PPAT assessment

o   In all cases, these assessments must be nationally scored. Local scoring will not be accepted

 

If you have questions related to this item, please contact Andrew Sioberg at Andrew.sioberg@dpi.nc.gov


Reminder: State Health Plan Premium Rates - Correction

The General Assembly approved a hospitalization rate of $5,869, however the State Health Plan will NOT adjust their rates until January 1, 2018. The new employer health rates are effective January 2018.

However, since December premiums are for January coverage, LEAs should change the employer rate in December for payment in January 2018. The benefit amount provided by the State Health Plan is $498.68. 

 

Hospital Match to align with the legislated amount of $5,869

July                 (479.48 * 2) See Note

Aug                 479.48

Sept                479.48

Oct                  479.48

Nov                 479.48

Dec                 479.48 change to 498.68 - Corrected Amount

Jan                 498.68

Feb                 498.68

Mar                 498.68

Apr                 498.68

May                498.68

June               See Note below

 

Total               $5,868.96~ 5,869.00

 

All amounts are per the State Health Plan.

 

Note:  At the beginning of the fiscal year, there are two hospitalization deductions (for July and August).  At the end of the fiscal year, there is no deduction in June.

 

Should you have further questions about the employer contribution for hospitalization, please contact Gwendolyn Tucker at Gwendolyn.Tucker@dpi.nc.gov or (919) 807-3708.