Review of M&O Fund

For the 2012-2013 school year, Paducah ISD had a refined ADA of 201.  The Refined ADA led to a Weighted ADA, WADA, of 424.546.  This WADA was figured using the following special populations.

	PISD
District Student Population	217
Total Refined ADA	201.059
Weighted ADA (WADA)	424.546
Economically Disadvantaged	65.9%
Special Education	13%
LEP	1%
BiLingual/ESL	0%
CATE	31%
GT	1%

In order to determine our M&O funding, we need to take the WADA and multiply it by the Revenue at Compressed Rate per WADA.  For PISD, the RACR multiplied by the WADA would be 4,921 X 424.456.  This formula would result in our M&O allotment that would equal 2,088,747.976.  This amount will help fund the staff of PISD which includes 23 teachers and 1 counselor.  Paducah ISD has an M&O Rate of 1.04.  In my recent board meetings, discussion has centered around the fact that the board during the 2005 time period did not think through the process and should have raised the tax rate to the maximum 1.50.  This would have resulted in a compressed tax rate of 1.00 instead of the .9533 that is currently in place due to the 2005 tax rate being set at 1.43.  Funding from the state would be higher if the 2005 board had thought long term.  As it stands now, the adopted tax rate of 1.04 is being looked at in order to provide more local funding.  With the current system, PISD has a total revenue of 3,546,532 which provides a total revenue per pupil of 14,964.  We have a taxable value per pupil of 579,176.  Paducah ISD is fairly equal in its funding.  41% of the funding comes from the state, 44% comes from the local tax base, and 16% is from the federal funding.  Now I am not a math genius, but those three figures do not add up to 100% so I assume that those are rounded figures that account for the 1% increase.  Our M&O tax collections total 1,408,856.  Paducah ISD does not have an I&S collection at this time.  We collect our taxes at a rate of 98%.

Our expenditures for the 2012-2013 school year included the following totals.

	Expenditure %
Instructional	59
Central Administrative	11
School Leaderhship	4
Plant Services	8
Other Operating	19

Instructional program expenditures for the 2012-2013 school year included the following totals.

Instructional Area	Expenditure %
Regular Education	50
Special Education	8
Accelerated Instruction	25
Bi-Lingual/ESL	0
CATE	9
GT	0
Athletics	6
High School Allotment	1

I can see some discrepancies between the funding percentages and the actual expenditures.  The largest discrepancy would be in the CATE special population as we have 31% of our students in a CATE class but only spend 9% of our instructional budget on CATE classes.  Special Education is also a little low in my mind as we have 13% of our students identified as SPED and only use 8% of the instructional funding on this special population.