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
- 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
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 month’s cash and make
adjustments as needed. If you have questions, please contact State Aid.