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15 Cards in this Set
- Front
- Back
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ADM
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Average Daily Membership
Average enrollment in a school division computed by dividing the toatl number of students enrolled from Sept to March into the total days of membership for the same period. |
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Formula Grant
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Funding based on the defined characteristics of a school division- requires specific program/plan usually approved in advance of funding
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FLSA
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Fair Labor Standards Act
Federal law that establishes minimum wage, overtime pay, child labor and equal pay requirements |
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ARRA Stimulus
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American Recovery and Reinvestment Act- stimulus funding
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Foundation Program
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Program that meets the basic educational needs of all students
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SOQ
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Standards of Quality
Foundation program for grades K-12 in Virginia adopted by the General Assembly and administered through the State Board of Education |
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Equalization
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a method used to fund local school divisions in which the formula used is inversely related to the per pupil wealth of the locality
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Educational Overburden
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Term used to describe the means a school division uses to deal with competing costs of such problems as absenteeism, at risk issues, special education, security and other high cost items affecting urban school divisions
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Competitive Grant
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Funding from an outside (private) source usually requiring a specific type of project- must specify purpose, need, objectives, outcomes and evaluation
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Per Pupil Expenditure
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Calculation which determines the amount of funds spent on each student by a school division
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Municipal Overburden
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Struggle between public schools and city governments in competing for the same property tax dollar
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NCLB
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No Child Left Behind Act of 2001- Acutally the reauthorization of the Elem and Secondary Education Act of 1965- designed to close the gap using flexibility and accountability so no child is left behind
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LCI
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Local Composite Index
Formula used to compute the ability of a locality to pay its share of the Standards of Quality |
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Basic Aid
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The state share of basic operating costs for each locality based on the SOQ
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ADA
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Average Daily Attendance- average attendance in a school division computed by dividing the total number of days present by the total number of days of enrollment
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