The Common Education Funding program was completed in June 2008.
Background:
As provided under Proposition 3 of Vision 2025, a total of $11,300,000 was identified for Common Education. From the first bond sale, $10,735,000 or 95% percent, of the total funds were authorized for expenditure and were in place for use upon execution of the required legal agreement(s). The agreements included provisions for receiving the remaining funds should they become available.
Funds were allocated based on the unadjusted Average Daily Membership (ADM) of the student populations within each district as recorded for the fall of 2003 according to the Oklahoma State Department of Education, Superintendent’s Office.
The reserve of 5% was released to each district. This non-bond money was less restrictive and allowed more flexibility in such purchases.
All funds were designated for the purchase of instructional materials that qualified as capital assets. The material must have a useful life of no less than three years; i.e. hardbound books qualified, but paperbacks did not. Items such as science kits that have a sufficient number of refills to last no less than three years were acceptable. The following items are examples of reimbursable purchases: Hardbound books Laminated maps, charts, etc. Software & software license (which meet a 3 year test) DVD’s DVD players VHS tapes VHS tape player Televisions Computers, monitors, and peripherals if utilized by students Chalk and marker boards Tack boards Science kits, provided order includes ample refills for three years’ use.
Tulsa County did not participate in the decisions regarding the Districts' needs, but relied on the Districts’ certifications and the Program Manager’s verification of compliance with the capital asset requirement.
