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Forney ISD finance update: state aid tied to enrollment estimates; district projects modest overpayment
Summary
Associate Superintendent John Chase told the board the district's estimated average daily attendance is below the legislative estimate and that special-education and CTE FTEs may offset the gap; current reports show an approximate $700,000 overpayment under present calculations.
John Chase, associate superintendent for business and finance, told the Forney ISD Board of Trustees the district's state-aid and planning estimates are being adjusted as enrollment and program FTE numbers are updated.
Chase said the legislative payment estimate used an average daily attendance (ADA) of 18,600 while current district figures show ADA around 17,946 and are likely to settle slightly above 18,000. "They based our estimate as far as average daily attendance on 18 18,600, which is, you know, significantly more than what we actually are going to wind up with and they've got us right now at 17,946," Chase said.
He noted special-education FTEs and career and technology (CTE) FTEs look higher than the legislative estimate and could offset much of the ADA shortfall. "Particularly in the special ed FTEs ... we're probably going to have more like 1,000 or 1,100 and the same thing with the career and technology ... looking more like about 2,200," he said.
Chase reviewed taxable values and state-aid components used in the district's planning estimate, stating the certified taxable value used in the report was roughly $10.4 billion and that state aid for debt service was shown at about $8.5 million in the report, though he said that figure might reach as much as $11 million after further review. He said the report's final page indicated the district could be "overpaid by about $700,000," an amount he described as "less than 1/2 percent" of the estimate.
The presentation emphasized that TEA's estimates are updated throughout the year as districts submit PEIMS data and that those updates have closed the gap between initial legislative estimates and district planning numbers. Chase concluded by inviting board questions and offering to provide further detail on any of the report's line items.
The board did not take formal action on the finance presentation; the financial estimates will be reflected in ongoing budget planning and future reports.
