Funding

Funding

Funding is based on Student Count, Per Pupil Revenue, and Administrative Oversight Fee.

• Student Count is the number of students reported to and recognized by the Colorado Department of Education (CDE) during the Student October Count data collection process. 

1 Full Time Student = 1.0 full time equivalent student count (sFTE)

1 Part Time Student = 0.5 full time equivalent student count (sFTE)

• Per Pupil Revenue (PPR) is the amount the CDE funds a full-time equivalent student for one fiscal year.  PPR is established by the annual School Finance Act and passed by the Colorado General Assembly. Education reEnvisioned BOCES (ERBOCES) receives the PPR calculated for El Paso County School District 49 (D49) as D49 is the fiscal agent of ERBOCES.

• Administrative Oversight Fee is established in Section Eight of the Educational Services Agreement between ERBOCES and the Education Service Provider.

• ERBOCES receives $0 funding from the CDE for new students until they are included in the Student October Count data submission.  When the Student October Count data submission is final in January, new students are funded for July-January.

• To cover the funding gap from July-December for new students, ERBOCES strives to “prefund” the student count of schools and programs in the first year of operation as an ERBOCES authorized school or program. Prefunding is established in Section Eight of the Educational Services Agreement between ERBOCES and the Education Service Provider.

• ERBOCES schools and programs are funded monthly, July – June, generally on the 28th of the month through ACH direct deposit. Schools and programs must establish a separate bank account for the entity authorized by ERBOCES. Funds must not be commingled with funds of any other entity. 

• The form to provide or change bank account information is in the Dropbox Finance folder for your organization. 

  1. • SAMPLE:  Bank Amendment Form

• Funding adjustments are made for changes in PPR and changes in student count as a result of the Student October Count.

• A template for estimating funding and cash flow projections is in the Dropbox Finance folder for your organization. 

  1. • SAMPLE:  Funding and Cash Flow Estimate Template