Finance+Week+3+Part+2


 * **District Comparison- Part 2 **

WADA @ Compressed Rate- $5,044 M & O target revenue- $5,641.53 per WADA / $31,343,964 Total Professional Personnel- 281*
 * District 1 **

WADA @ Compressed Rate- $7,206 M & O target revenue- $8,890.86 per WADA / $42,623,438 Total Professional Personnel- 307*
 * District 2 **

I am getting a little different numbers than some of my colleagues but will reach consensus by the end of the week. I actually am leaving the country tomorrow for a family reunion that was scheduled last year. Please accept my own thoughts for the submission of this project as I will not be back until next week. I will submit my information on my colleague’s blogs and wikis for consensus consideration due to time constraints. They are aware and have been more than accommodating (great to have a team). I sat down with our CFO for a long time on this so regardless of whether the numbers ultimately match exactly, the outcome is going to be the same. WADA is, quite simply, an estimation of what a district should get to educate the average pupil in their district. There seem to be some discrepancies even within my own group as to the calculations. I have yet to find an official template but will continue to look.

The following is from Tim Brittain, CFO, HISD: A new funding method adopted in 2006 during the implementation of HB 1 was established assigning each school district a target revenue amount. This amount is used to calculate the target revenue as the means of funding a school can earn from local and state sources in a given year. Each school district in the state of Texas has a unique target revenue amount that drives the amount of state aid received in a school year.The number is calculated and assigned by the Texas Education Agency based on an amount per Weighted Average Daily Attendance (WADA). WADA is determined by the number of students enrolled in the district, how often they attend class, and what type of services they require. The target revenue calculation involves analyzing the 2005-06 expenditures in the district and dividing by the calculated WADA in 2005-06. The target revenue varies district to district and is based on the amount of revenue the district received in 2006.

Target Revenue = State and Local Revenue / WADA

*Derived from 2010-2011 Summary ||