Updates from MDE School Financial Services MASS 2017 Summer Conference July 14, 2016

©MDE – Office of School Financial Services Payments Update for FY16 MAEP EEF Funds Of the FY 2016 $2.26 billion allocated, approx. $214.6 million is paid with Educational Enhancement Funds (EEF) generated through sales tax revenues Since MAEP EEF funds are subject to the availability of sales tax revenues, these funds are essentially “self-cutting”. When sales tax revenues go down, distribution of MAEP EEF funds are reduced. Once sales tax revenues go back up, the MAEP EEF funds are restored and distributed to districts. However, if sales tax revenues do not meet levels needed to fully fund EEF, districts may receive less than their original MAEP allocation FY 2016 ended with a shortage of $1.9 million MASS Summer Conference Jul. 2016 ©MDE – Office of School Financial Services

©MDE – Office of School Financial Services Annual Revenue Report Currently working on the format Similar payments are grouped together Will provide Accounting with a template of titles to use for consistency Format of report MASS Summer Conference Jul. 2016 ©MDE – Office of School Financial Services

©MDE – Office of School Financial Services Superintendent’s Annual Report Tuition Paid to: Other districts within the state Other districts outside the state Private schools Charter schools within the state Postsecondary schools within the state Other tuition paid Place form in FY16 Annual Forms folder in SharePoint by Oct. 15 MASS Summer Conference Jul. 2016 ©MDE – Office of School Financial Services

©MDE – Office of School Financial Services Master Teacher Supplement HB 207 (MS Code 37-19-7) Classroom teachers in certain counties will receive an additional $4,000 per year (no other category) Districts will receive the $10,000, plus fringe benefits Counties affected: Adams, Amite, Bolivar, Claiborne, Coahoma, Issaquena, Jefferson, Leflore, Quitman, Sharkey, Sunflower, Washington and Wilkinson Districts will begin receiving 1/12 in July MASS Summer Conference Jul. 2016 ©MDE – Office of School Financial Services

©MDE – Office of School Financial Services FY16 EEF Teacher Card Review Send out the list of names in the next two weeks Prefer that district does not distribute a new card to the teacher until they clear the review MASS Summer Conference Jul. 2016 ©MDE – Office of School Financial Services

©MDE – Office of School Financial Services MSIS – Annual Update of District Information Ensure that board member information is accurate Update your district pay scale Information used in MAEP for average salary Roll employee data Ensure there are no $0 salaries Used in MAEP on FTE information Update the district building information MASS Summer Conference Jul. 2016 ©MDE – Office of School Financial Services

©MDE – Office of School Financial Services MSIS – Square Footage Report Enter the square footage of all buildings in the district Any building with four walls and a top Need heated and cooled area Ensure the names mean something to you Suggest using your insurance schedule Used in MAEP calculation of BSC MASS Summer Conference Jul. 2016 ©MDE – Office of School Financial Services

©MDE – Office of School Financial Services FY19 MAEP Calculation Begins in Spring 2017 Full recalculation of base student cost (BSC) Utilizes data from the FY16-17 FETS transmission Four major components: Instructional, Administrative, Plant Operation and Maintenance, and Ancillary Funds, functions, and objects are specified in statute Provide more information at MASBO MASS Summer Conference Jul. 2016 ©MDE – Office of School Financial Services

©MDE – Office of School Financial Services SFS Moving Date Packing on July 21 Moving on July 22 Unpacking on July 25 Limited email access MASS Summer Conference Jul. 2016 ©MDE – Office of School Financial Services

©MDE – Office of School Financial Services Questions ? MASS Summer Conference Jul. 2016 ©MDE – Office of School Financial Services