Below is the state aid for the 2013-14 school year, used as the base year.
The values that I used in Steps #1, 2 and 3 come from the the DPI’s report titled Analysis of General Aid and Equalization Aid Formula Components. Once downloaded and opened you will need to select “Waterford Graded” from the list of school districts.
________________________________________________________________________________________________________
Below is the state aid projection for the 2014-15 school year.
Future year projections shown below are adjusted with an approximate increase in shared costs of 2.5% and decrease in enrollment of about 2%. These adjustments are similar to what Superintendent Joch used in his 5 year budget projection on December 3, 2013. For each school year the “without 4K” projections in state aid are on the top while the “with 4K” projections in state aid are immediately below.
Note that the year 2014-15 projections are identical because state aid is always calculated using the previous years data (13-14 base).
Summary: No change in state aid.
Below is the state aid projection for the 2015-16 school year.
Starting with 2015-16 adjustments were made to the “with 4K” projection that reflect an additional 72 FTE (4K enrollment = 120) and an additional shared cost of $400,000 (4K program costs) when compared to the “without 4K”.
Summary: The 4K program increases state aid to WGSD by $901,732.
________________________________________________________________________________________________________
Below is the state aid projection for the 2016-17 school year.
These projections reflect an approximate increase in shared costs of 2.5% and decrease in enrollment of about 2% from the prior year.
Summary: The 4K program increases state aid to WGSD by $894,534.
________________________________________________________________________________________________________
Below is the state aid projection for the 2017-18 school year.
These projections reflect an approximate increase in shared costs of 2.5% and decrease in enrollment of about 2% from the prior year.
Summary: The 4K program increases state aid to WGSD by $946,721.
________________________________________________________________________________________________________