COBI 2015 - Capital Outlay Enrollment Growth Program

Overview
Issues
Financials

Sources Uses

FY 2016 Appropriation

The Enrollment Growth Program provides funding to school districts experiencing the most pressing needs for facilities due to rapid student enrollment growth. To be eligible for program funding, a district "must (a) have an average annual net enrollment increase; and (b) have a property tax base per ADM in the year two years prior that is less than two times the statewide average property tax base per ADM in the two years prior" (USOE, School Finance, MSP Descriptions).

Qualifying school districts receive funding based on the following formula. "The quotient of the eligible school district's average annual net enrollment increase, divided by the sum of the average annual net enrollment incrase in all eligible school districts; and the total amount appropriated for the Capital Outlay Enrollment Growth Program" (USOE, School Finance, MSP Descriptions).

Funding History

Appropriation Overview

During the 2015 General Session, the Legislature appropriated for Fiscal Year 2016, $5,638,800 from all sources for Capital Outlay Enrollment Growth Program. This is a 198.5 percent increase from Fiscal Year 2015 revised estimated amounts from all sources. The total includes $1,888,800 from the General/Education Funds, a change of 0 percent from revised Fiscal Year 2015 estimates.

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 Property Tax Equalization Amendments$3,750,000$0

OngoingOne-TimeFinancing Source

$3,750,000$0EFR - Minimum Basic Growth Account

Enactment of this legislation could increase budgeted local revenue to the Minimum School Program by $75,000,000 annually. Growth in local revenue decreases Education Fund amounts used to equalize the Basic School Program. This bill transfers the Education Fund savings into a newly created Minimum Basic Growth Account. Enactment of this legislation could increase the local property tax component of the Basic School Program by $75,000,000 annually. The result is a decrease in Education Fund expenditures used to equalize the Basic School Program equal to $75,000,000 annually. The Education Fund expenditure decrease is transferred to a newly created Minimum Basic Growth Account, which is then expended using the Voted and Board Levy, Capital Foundation and Enrollment Growth formulas.

In FY 2015, a total of $1.8 million was distributed to school districts. A total of 18 school districts received an allocation, with amounts ranging from nearly $2,700 to over $570,500.

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Expenditure Category

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Appropriation History by

Sources of Finance	FY11 Actual	FY12 Actual	FY13 Actual	FY14 Actual	FY15 Approp	FY15 Change	FY15 Revised	FY16 Change	FY16 Approp
Education Fund	1,888,800	1,888,800	1,888,800	1,888,800	1,888,800	0	1,888,800	0	1,888,800
Dedicated Credits Revenue	0	15,800	0	0	0	0	0	0	0
EFR - Minimum Basic Growth Account	0	0	0	0	0	0	0	3,750,000	3,750,000
Lapsing Balance	0	(15,800)	0	0	0	0	0	0	0
Total	$1,888,800	$1,888,800	$1,888,800	$1,888,800	$1,888,800	$0	$1,888,800	$3,750,000	$5,638,800

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Categories of Expenditure	FY11 Actual	FY12 Actual	FY13 Actual	FY14 Actual	FY15 Approp	FY15 Change	FY15 Revised	FY16 Change	FY16 Approp
Other Charges/Pass Thru	1,888,800	1,888,800	1,888,800	1,888,800	1,888,800	0	1,888,800	3,750,000	5,638,800
Total	$1,888,800	$1,888,800	$1,888,800	$1,888,800	$1,888,800	$0	$1,888,800	$3,750,000	$5,638,800

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.