March 12 Student Investment Account Update

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SIA Update

The SIA team is sharing some additional information this week to support your SIA plan update process. As a reminder, SIA plan updates will need to be submitted during the May 1 - June 30, 2021 window. Appendix B of the Supporting Quality Implementation guidance provides specifics of what will be required as part of the SIA plan updates. 

Similar to last year, we’re sharing a list of the charter schools that are eligible for SIA funding as well as a list of the virtual charter schools that are not eligible to receive SIA funding: 

If your school is on the eligible charter school list, please register for an informational meeting on Wednesday, March 17 from 11-11:30am. We will record this meeting and make the recording available to eligible charter schools. 

This week we are releasing the preliminary allocations for charters schools: 

This week we are also releasing the Required Budget Template for the 2021-23 biennium, which should be used for SIA plan updates. The template currently uses the preliminary allocations for districts and charters, but as we’ve noted these preliminary allocations will change. In the budget template, you’ll need to detail out your planned expenditures for year 2 and year 3 of your current three year plan. 

The budget template looks very similar to the required budget template used last year; however, we did want to note a few key changes: 

  • On the “Start Here” tab, you’ll see both your 2021-22 and 2022-23 allocations populate when you select your district or charter school from the dropdown menu. 
  • In the dropdown menu option, you will see all school districts as well as all charter schools eligible to apply independently and charter schools eligible to apply as part of a district listed. This year we will be requiring a separate budget template to be submitted for each charter school, regardless of whether they are eligible to apply independently or as part of a district, to support tracking spending in future progress reports.
  • On the “INFO” tab, we’ve added brief descriptions of accounting codes that are commonly used. 
  • The “2021-22 Expenditures” tab is where you should detail planned expenditures for the second year of your three year plan and the 2022-23 Expenditures” tab is where you should detail planned expenditures for the third year of your three year plan. 

We’ve also heard the need for a template for the narrative sections of SIA plan update and will release that template next week.

As always, if you have any questions, please reach out to

Reminder of Requests for Summer Extension

As a reminder, the Smartsheet form to request a Summer Extension has been sent out to the SIA contact for each district and eligible charter. The deadline to respond and indicate that you would like a summer extension is 3/31/21. If you have not received the summer extension request please emails us at

Additional Resources

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