FY2017 State Aid - Reduction to April State Aid Formula Payment

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Office of State Aid

Based on available funds, the State Aid formula payment for the month of April will be paid at the accumulative amount of 79 percent instead of the scheduled 81 percent of the current adjusted allocation. Revenue collections for the April State Aid payment are approximately $36.3 million short of the funds needed to make the scheduled 81 percent payment. The accumulative percentage of 79 percent includes the total amount short for this fiscal year updated for cash received through April.  The cash flow shortage of $36.3 million for the April payment supersedes the $18.9 million for the March payment.  

The April payment, available to districts on Thursday, April 13, is based on funds collected as of April 11, 2017.  To calculate your payment, use the most current adjusted allocation times accumulated percentage minus paid to date to equal the amount of payment.  The amount of funds collected as of April 11, 2017, is presented below.

  • Education Reform Revolving Fund (1017) Adjusted for Revenue Shortfall has collected 72.13 percent of the Adjusted Appropriated $657,802,801
  • Common Education Technology Fund has collected 77.35 percent of the Appropriated $41,168,478
  • FY17 Mineral Leasing Fund has collected 52.57 percent of the Appropriated $3,610,000
  • General Revenue Adjusted Revenue Failure has collected 82.05 percent of the Adjusted Appropriated $1,027,324,288.95
  • FY17 OK Lottery Fund has collected 85.08 percent of the Appropriated $23,397,757 

Your Notice of Payment report can be found under Payment Notices in Single Sign On at https://sdeweb01.sde.ok.gov/SSO2/Signin.aspx.  For your convenience, a report showing the 81 percent compared to the 79 percent is located under Important Notices on the State Aid Web page at http://sde.ok.gov/sde/state-aid

 We will be closely monitoring each months cash and make adjustments as needed.  If you have questions, please contact State Aid.