Arkansas Department of Education Division of Elementary and Secondary Education Expenditure Requirements for Gifted and Talented Programs

Memo Information

Memo Number
FIN-22-045
Memo Date
6/23/2022
Memo Type
Informational
Unit
Fiscal & Administrative Services
Regulatory Authority
Ark. Code Ann. ยง 6-20-2208
Response Required
NO
Attention
Superintendents; Assistant Superintendent; General Business Managers; Bookkeepers

Primary Contact Information

Memo Reference

No references available.

Memo Text

Pursuant to Ark. Code Ann. § 6-20-2208(c)(6), school districts are required to expend state and local revenues on Gifted and Talented Programs in an amount equal to fifteen percent (15%) of the Foundation Funding amount multiplied by five percent (5%) of the school district's prior year three quarter average daily membership (3 QTR ADM). A spreadsheet is attached that shows each district's 2021-22 spending requirement for Gifted and Talented Programs based on the Foundation Funding amount of $7,182.  The spreadsheet will be updated periodically and can be found on apscn.org (District Warehouse YTD Financial Reports > Gifted/Talented Expenditure Required Summary YTD with NBC Bonus).  

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