2006 Special Session I

Budget Amendments - HB5002 (Conference Report)

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Federal Revenue Calculation Correction

Item 135 #7c

Item 135 #7c

First Year - FY2007 Second Year - FY2008
Education: Elementary and Secondary
Direct Aid To Public Education FY2007 $859,280 FY2008 $864,278 GF

Page 108, line 9, strike "$5,870,354,889" and insert "$5,871,214,169".
Page 108, line 9, strike "$6,000,814,369" and insert "$6,001,678,647".

(This amendment provides $859,280 the first year and $864,278 the second year from the general fund to fund a correction needed for the federal revenue deduction linear weighted average amount calculation. Four school divisions average daily membership (ADM) was not added in with their partnering school division's ADM (Fairfax City into Fairfax County, Bedford City into Bedford County, Emporia into Greenville, and Williamsburg City into James City County) during the initial calculation and caused the shortage of entitled state funding. The federal revenue deduction is calculated from six sources-Title I: Improving Basic Programs, Title II-A: Improving Teacher Quality, Title IV: Safe & Drug Free Schools, Title V: Innovative Programs, Carl Perkins: Vocational Education, and IDEA: Special Education.)