Agenda- 05-14-20; Item 1-A - Public School Forum Local School Finance Study

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23 Debt Service per ADM:Six-year average of debt service Non-Property Tax Revenue:Sources of revenue for the county spending for a county divided by the ADM for the county. other than property taxes.Examples include the sales tax,fines/ forfeitures,and local tax aid. Income-Adjusted Total Revenues:The total revenues for a county, minus the amount paid in mandated social security Relative Effort:A measure comparing the Actual Effort of a payments, multiplied by the percent of state average per capita county to its Ability to Pay. In general, low-wealth districts with income. comparatively high spending levels rank highest in this measure. (See Table 5) Low-Wealth Funding:Supplemental state funding intended to enhance instructional programs in counties designated as low- Small County Funding: In 2017-18 supplemental state funding wealth based on a formula that identifies systems whose ability was provided to county school districts with ADM less than 3,200. to generate revenue per student falls below the state average. This is a change from previous years,when funding was provided In addition,the formula takes into account county adjusted to two categories of local education agencies:those with less property tax base,square miles in the county and per capita than 3,239 ADM,and those with 3,239-4,080 ADM who have an income. In 2017-18,67 counties received low-wealth funding. adjusted property tax base less than the state average. In 2017- 18,26 counties were eligible for small county funding. Mandated Social Services Payments:The amount of money each county pays in the health and human services categories State Average Effective Property Tax:The average of all 100 mandated by the state. These categories include public counties'adjusted tax rates. assistance and Work First services. In previous studies,the Mandated Social Services Payments reported in Table 4 included county Medicaid payments in addition to other required social Supplemental School Taxes:According to GS 115C-501(a), "a services payments. For the last two years the Local School special tax to supplement the funds from State and county Finance Study has not included Medicaid payments as part of the allotments and thereby operate schools of a higher standard by overall Mandated Social Services Payments.The WD667 report supplementing any item of expenditure in the school budget." from the NC Department of Health and Human Services Office of the Controller,which includes county Medicaid payments, has not been available since 2012-13. In almost every county,the Medicaid Total Current Spending per ADM:The sum of the current total from the WD667 in previous years was less than 0.5%of expense and the supplemental school taxes for a county,divided the total Mandated Social Services Payments,which itself is a by the county's ADM. small piece of the revenue calculation in Table 4.