Board Agenda - August 07, 2007

X. Contract for the Education of Non-resident Students under Chapter 41

Presenter: Richard Matkin

Purpose: A - Request decision - closure required

Time: 10 minutes

Description:

The District is still required to purchase an estimated 22,380 weighted average daily attendance credits (WADA) as a part of the equalized wealth formula. However, with recent legislation the District does not benefit from having contracts with other school districts. Although the formula still shows larger efficiency credits for Option 4 agreements with other districts, State revenue is equalized to offset any gains.

Due to complications associated with contracts with other school districts, the Administration recommends an Option 3 contract with the State for 2007-08.

Recommendation:

The Administration recommends that the Board approve an Option 3 contract between the Plano ISD and the State of Texas for 2007-08.

Business Impact:

Estimated recapture payment of $81,496,181.

Summary:

Appendix:

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