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  • Essay / School Finance - 796

    Funding Allocation PaperSchool FinanceIowa is very unique when it comes to school finance. We use the single count date for the purpose of funding school districts across the state. This is the number of students present on October 1st. This is when the federal government requires a count of the number of students eligible for the free and reduced-price lunch program for purposes of Title I funding. One of the benefits of using the date of single settlement is that it is reasonably simple and also reduces administrative costs. There are many disadvantages to using this system. The single count date does not provide districts with any type of financial incentive to retain students past the count date. In most districts, enrollment will increase or decrease from fall to spring, so if you have to use the single count date, districts could be more overfunded or underfunded. Some students don't even enroll in school until Oct. 1, which would mean districts would receive no funding for those students. The top four things the public should know about school funding in Iowa are: The amount of money a district must spend depends primarily on the number of children it has. We can't raise as much money (or as little) as we want locally. A district's tax rate depends largely on a formula and only a small portion is influenced by the school board. Some funds need to be spent on some of the things. This explains why a district may have the funds to pave a parking lot, even if it doesn't have money to pay teachers. Most of our expenses are on personnel: approximately 80% of a district's general recreation is ...... medium of paper ...... day of students enrolled in school throughout the year school. ADM differs from ADA because the daily count includes absent students. The advantages of this technique include that there is high accuracy, financial incentives by keeping students in school year-round, and that district funding will not be affected for absent students. Because ADM is complex, it is subject to local manipulation and lacks common sense. A shortcoming of this method is that it offers no financial incentives to promote attendance. Another disadvantage is that ADM involves a lot of counting and reporting, it could also take more time and be more costly for administrators. If I had to choose between ADA and ADM, I would choose ADM because it seems like you have the advantage of allocating more money to all rankings. It offers a better way to allocate your budget.