COBI 2015 - School Readiness Initiative

Overview
Issues
Financials

Sources Uses

FY 2016 Appropriation

This program was created during the 2014 General Session under HB 96, which combined funding for two programs. One program is the High Quality School Readiness Grant Program intended to upgrade existing preschool programs to a high quality school readiness programs, and provide technical assistance for curriculum and teacher development. The second program is the Results Based School Readiness Contracts where the State has entered into a loan agreement with outside investors to fund preschool classes that prepare low income children to enter kindergarten grade ready. The investors are paid back only if the program works and at risk children do not utilize special education or remedial resources.

Funding History

Appropriation Overview

During the 2015 General Session, the Legislature appropriated for Fiscal Year 2016, $0 from all sources for School Readiness Initiative. This is a 100 percent reduction from Fiscal Year 2015 revised estimated amounts from all sources.

Appropriation Adjustments

In addition to statewide compensation and internal service fund cost increases, the following appropriation adjustments were made during the 2015 General Session:

DescriptionOngoingOne-Time School Readiness Shift ($1,000,000)$0

OngoingOne-TimeFinancing Source

($2,800,000)$0GFR - School Readiness

($1,500,000)$0Beginning Nonlapsing

$3,300,000$0Closing Nonlapsing

Shift of funding from GOMB - School Readiness to its own line item.

Intent Language

HB0003: Item 4

Under section 63J-1-603 of the Utah Code, the Legislature intends that appropriations provided to the Governor's Office of Management and Budget in Item 17, Chapter 14, Laws of Utah 2014 not lapse at the close of Fiscal Year 2015.

Under HB 96, $3 million is appropriated annually. The Legislature appropriated $200,000 ongoing General Fund into the Administration program of GOMB for the administration of this program. The other $2.8 million ongoing General Fund was appropriated to School Readiness Restricted Account, which is then appropriated to the School Readiness Initiative program in GOMB. Of the $2.8 million, $1.04 million is being awarded as grant funding and $1.5 million is being reserved for the loan repayment fund. The remaining funds will be used for an independent evaluator and grants program administrator.

Display By:

Funding Source

Expenditure Category

Appropriation Type:

Appropriation History by

Sources of Finance	FY11 Actual	FY12 Actual	FY13 Actual	FY14 Actual	FY15 Approp	FY15 Change	FY15 Revised	FY16 Change	FY16 Approp
GFR - School Readiness	0	0	0	0	3,000,000	(200,000)	2,800,000	(2,800,000)	0
Closing Nonlapsing	0	0	0	0	0	(1,500,000)	(1,500,000)	1,500,000	0
Total	$0	$0	$0	$0	$3,000,000	($1,700,000)	$1,300,000	($1,300,000)	$0

Show Table | Show Additional Information

Categories of Expenditure	FY11 Actual	FY12 Actual	FY13 Actual	FY14 Actual	FY15 Approp	FY15 Change	FY15 Revised	FY16 Change	FY16 Approp
Personnel Services	0	0	0	0	200,000	(200,000)	0	0	0
Current Expense	0	0	0	0	2,800,000	(2,800,000)	0	0	0
Other Charges/Pass Thru	0	0	0	0	0	1,300,000	1,300,000	(1,300,000)	0
Total	$0	$0	$0	$0	$3,000,000	($1,700,000)	$1,300,000	($1,300,000)	$0

COBI contains unaudited data as presented to the Legislature by state agencies at the time of publication. For audited financial data see the State of Utah's Comprehensive Annual Financial Reports.