updated version of your district’s 2013–2014 preliminary Cost of Recapture Report is now available online at http://ritter.tea.state.tx.us/school.finance/funding/sofweb7.html.
The report now includes two columns, a legislative planning estimate (LPE)
column and a district planning estimate (DPE) / module column. LPE recapture
will be used for the purpose of the Additional State Aid for Tax Reduction
(ASATR) calculation. The DPE column of the report reflects the estimates of tuition
paid, number of students in weighted average daily attendance (WADA) purchased,
county appraisal district (CAD) costs, and maintenance and operations (M&O)
tax collections at the compressed rate that your district submitted via the Chapter
41 subsystem of the Foundation School Program (FSP) System. The report also
includes the following updates since the first preliminary Cost of Recapture
Report was generated:
your district reported paying tuition to another district for educating some of
its students, WADA credit has been given for that cost (line 28 or line 30,
depending on the option). This credit reduces the number of WADA that your
district must purchase to equalize its wealth.
your district reported charging tuition to another district for educating some
of its nonresident students, WADA has been reduced on line 7. This adjustment increases
the number of WADA that your district must purchase to equalize its wealth.
can access the 2013–2014 Chapter 41 Option 3 payment schedule at http://ritter.tea.state.tx.us/school.finance/funding/ch41/ch41paymt14.html
or through a link available at the bottom your district’s preliminary Cost of Recapture Report. The payment
schedule is a static report that shows the first payment due on February 14,
2014, and subsequent payments due on the fifteenth of each month (unless the
fifteenth falls on a weekend or a banking holiday, in which case the payment is
due the prior business day). The Texas Comptroller of Public Accounts wiring
instructions are available at http://www.tea.state.tx.us/WorkArea/linkit.aspx?LinkIdentifier=id&ItemID=25769805451&libID=25769805451.
Option 4 districts, the preliminary Cost
of Recapture Report provides a comparison of the reported number of WADA purchased
to the number of WADA needed to be purchased. In some cases, these two WADA
numbers differ significantly. If your district is an Option 4 district, review these
numbers carefully and submit any necessary corrections via the Chapter 41
subsystem so that we can determine the state aid reduction to the partner
district(s) more accurately. Please submit any corrections as soon as possible.
your district is a technology consortium district, it is imperative you review
the “Preliminary Calculation of Gain to Partners for a Chapter 41 District”
section of the report (the last section of the online report). In some cases,
the gain has significantly exceeded the 10 percent limit. If your district has
exceeded the limit, it must reduce the number of WADA it is buying from its
partner(s) so that the limit is not exceeded. Districts that have not exceeded
the limit may increase the number of WADA purchased as long as the limit is not
exceeded. Please submit corrections, if any, as soon as possible.
Please note that the cost of buying WADA is not final
until all data elements used in the calculations are final.
If you have any questions about this updated
preliminary report or any other Chapter 41 issues, please contact Kim Wall by
telephone at (512) 463-4809 or by email at email@example.com.