Stimulus funding used to offset state deficit
Chief Financial Officer Pat Johnston and Assistant Superintendent Dr. Linda Boggs reported to school board members Tuesday night on a seminar they recently attended in Spokane to learn more about the federal funding associated with American Recovery and Reinvestment Act - or stimulus package.
According to Johnston, the state is using much of the stimulus funding to offset state funding shortfalls. Federal stimulus dollars are being used to backfill state apportionment funding for local school districts this school year. These state funds originally targeted for apportionment are now being used to draw down the state deficit.
Apportionment formulas are based on student enrollment. Johnston stressed this is not "new money," simply a different funding source for the money due to the school district based on this year's student count.
She also reported the district will receive $1,427,978 for IDEA (Special Education) and $474,388 for Title One programs serving students living in poverty. Both are based on a two-year allocation and cannot be applied toward the general fund for basic education programs or staff.
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