Exceptional Children Finance Update NC Department of Public Instruction Exceptional Children Division June 22, 2012

Today’s Topics State funding Federal funding Proportionate share Funding applications Maintenance of Effort Sequestration

State Funding Planning allotment based on 12/1 child count Actual allotment based on 4/1 child count State allocations must be made 10 days after the Governor signs the budget, but not prior to 7/1

Federal Funding Planning allotment based on $292,375,772. which is $13 million less than Actual allotment will be adjusted based on available carryover funds.

Proportionate Share Time and Effort documentation is required beginning 7/1/12 Time and Effort documentation is required beginning 7/1/12 Semi-annual certification for single cost objective Semi-annual certification for single cost objective PAR for multiple cost objective PAR for multiple cost objective

Special Funding Applications All applications available by 7/1/12 All applications available by 7/1/12 Changes with Risk Pool and Developmental Day Changes with Risk Pool and Developmental Day

MOE 4 methods: Local only State and Local Local only per child State and Local per child It’s about EXPENDITURES! Check your MOE today!

Sequestration Sequestration is the cancellation of budgetary resources. Without Congressional action, this automatic spending reduction is scheduled to take place 1/2/13. IDEA (611 and 619) could be reduced by 7.8%

QUESTIONS???? Laura H. Snyder