Kentucky Administrative Regulations › Title 702 - EDUCATION AND WORKFORCE DEVELOPMENT CABINET - BOARD OF EDUCATION, DEPARTMENT OF EDUCATION - OFFICE OF DISTRICT SUPPORT SERVICES › Chapter 3 - School Administration and Finance › Section 702 KAR 3:270 - SEEK funding formula

Current through Register Vol. 51, No. 1, July 1, 2024
RELATES TO:
				KRS
				156.035,
				156.070,
				157.320,
				157.360,
				157.370,
				157.390,
				157.410,
				157.430,
				157.440,
				157.615,
				157.620(1)(a),
				158.060(1),
				158.135,
				160.470,
				160.476
NECESSITY, FUNCTION, AND CONFORMITY:
				KRS
				156.035 and
				156.070
				set forth the Kentucky Board of Education's plenary powers over the management
				and control of local school districts and disbursement of state appropriations.
				KRS
				156.160(1)(j) requires the
				Kentucky Board of Education to promulgate administrative regulations for the
				preparation of budgets and salary schedules for the school districts under its
				management and control. This administrative regulation is necessary to provide
				guidelines for the calculations to distribute the funds to school districts
				through the program to Support Education Excellence in Kentucky (SEEK).
Section 1. Definitions.
(1) "At-risk student amount" means fifteen
			 (15) percent of the per pupil guaranteed base funding amount calculated
			 pursuant to
			 KRS
			 157.360 times the sum of the average daily
			 membership of students approved for free meals the prior fiscal year and the
			 number of state agency children served pursuant to
			 KRS
			 158.135.
(2) "Calculated base SEEK funding" means the
			 guaranteed base funding provided in the biennial budget pursuant to
			 KRS
			 157.360(1) plus the add-on
			 components of the SEEK calculation including at-risk, home and hospital,
			 students with disabilities, and transportation pursuant to
			 KRS
			 157.390(5) and the add-on
			 calculation for students with Limited English Proficiency.
(3) "Collection rate" means the tax receipts
			 collected for the prior year divided by the maximum revenue
			 collectible.
(4) "Exceptional child
			 amount" means the December 1 exceptional child count of the preceding fiscal
			 year by exceptionality weighted as follows:
(a) 2.35 times the per pupil base funding
			 amount calculated pursuant to
			 KRS
			 157.360(1) for students with
			 severe disabilities;
(b) 1.17 times
			 the per pupil base funding amount calculated pursuant to
			 KRS
			 157.360(1) for students with
			 moderate disabilities; and
(c) .24
			 times the per pupil base funding amount calculated pursuant to
			 KRS
			 157.360(1) for students with
			 communications disabilities
(5) "Growth" means the percent change in the
			 second month average daily attendance times the prior year adjusted average
			 daily attendance pursuant to
			 KRS
			 157.360(8).
(6) "Home and hospital instruction amount"
			 means the total of the prior year's home and hospital average daily attendance
			 times the per pupil base funding amount calculated pursuant to
			 KRS
			 157.360(1), less the
			 allotment for capital outlay as set forth in the biennial budget.
(7) "LEP" means a student with Limited
			 English Proficiency, as defined in 703 KAR 5:001, Section 1(52).
(8) "Levied equivalent tax rate" means
			 estimated permissive tax revenue plus the current year's levied real estate tax
			 rate, tangible tax rate and motor vehicle tax rate per $100 of assessed value
			 times the current year's assessment of real estate, tangible property and motor
			 vehicles times the prior year's collection rate divided by the total current
			 year's property and motor vehicle assessment.
(9) "Maximum revenue collectible" means the
			 figure determined by multiplying the sum of the respective yields of the prior
			 year levied rates by the prior year assessed values of real estate, tangible
			 property and motor vehicles, and then adding the result to the prior year's
			 permissive tax revenue.
(10) "Net
			 General Fund SEEK" means Total State SEEK minus any allocation for Capital
			 Outlay.
(11) "Partial Day" means a
			 day containing less time than a regular school day which a student attends on a
			 regular basis as approved by the local board of education.
(12) "State equalization amount" means 150
			 percent of the statewide average per pupil property assessment as provided in
			 the biennial budget.
(13) "Tier I
			 revenue" means revenue produced by a school district tax levy which, when
			 equalized by state funds with the state equalization amount established by
			 KRS
			 157.440(1)(a), generates up
			 to the maximum revenue allowable under
			 KRS
			 157.440(1)(a).
(14) "Transportation funding" means prior
			 fiscal year calculated transportation costs for students in grades primary
			 through twelve (12) transported by school districts as calculated pursuant to
			 KRS
			 157.370 and
			 702 KAR
			 5:020 adjusted by current year second month growth in
			 transported students.