OSDE: State Aid Adjustment

OK State Dept of Ed sent this bulletin at 01/27/2022 04:35 PM CST

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Dear Superintendent,

The FY 2022 Midyear State Aid Allocation has been adjusted (01/27/22) by assessing the Administrative Cost Penalty for Epic Charter Schools approved by the State Board of Education during its December 16 meeting. The adjustment has been posted on the State Department of Education's Single Sign-On (SSO) application under State Aid Management System.

FY 2022 Midyear State Aid Formula Allocation $3,623.30
- Foundation Aid Factor of $1,845.30
- Salary Incentive Factor of $88.90
FY 2022 Adjust. Midyear State Aid Formula Allocation (01/20/22) $3,619.01 (Increase of $4.29)

The Administrative Cost Penalty for FY 2022 is $4.5 million. Another $4.5 million will be assessed during the first six months of FY 2023, bringing the total to $9.1 million. Supporting documentation will be available on the State Aid webpage on 1/28/2022.

Should you have any questions regarding the allocation adjustment or supporting documentation, please contact the Office of State Aid.

Office of State Aid
Oklahoma State Department of Education
2500 North Lincoln Boulevard, Suite 429
Oklahoma City, Oklahoma 73105
(405) 521-3460
state.aid@sde.ok.gov

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