The Senate Hybrid Model

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The Senate Hybrid Model

This is a closer look at the Senate Hybrid Model for Public Education Funding.  It is important to note that for FY 2012 and FY 2013, the CL WADA, is a projection of district WADA for the 2 year period.

Current Law(CL) Total M&O Revenue is equal to the CL WADA multiplied by the CL Revenue per WADA.

Every school district should look closely at the FY 12 and FY 13 CL WADA and CL Revenue per WADA to determine if the numbers used in the runs are accurate.  Below is an example from one school district:

Fiscal Year 2012 HYBRID Model Numbers

Current Law (CL) WADA –                                                  6188

Current Law (CL) Total M&O Revenue -                          $33,777,173        

Current Law(CL)  Revenue Per WADA -                            $5,458

Change in Total M&O Revenue –                                     ($2,614,361)       

Total M&O Revenue per CL WADA -                                $5,036

Change in Total M&O Revenue per CL WADA –            ($422)

% change in Total M&O Revenue -                                   -7.7%

2012 True Total Revenue to Operate                              $31,162,768  (Multiply $5,036 times 6188)

Fiscal Year 2013 HYBRID Model Numbers

Current Law (CL) WADA –                                                  6144

Current Law (CL) Total M&O Revenue -                         $33,576,453

Current Law (CL) Revenue Per WADA -                           $5,465

Change in Total M&O Revenue –                                    ($2,972,195)

Total M&O Revenue per CL WADA -                                $4,981

Change in Total M&O Revenue per CL WADA –            ($484)

% change in Total M&O Revenue -                                   -8.9%

2013 True Total Revenue to Operate                              $30,603,264  (Multiply $4,981 times 6144)

From FY 2012 to FY 2013 the true loss in Revenue will be          ($559,504)

For every school district, the loss in revenue will change by an increase in WADA.  Below is an example of the change in revenue based on an increase in WADA:

If 2013 CL WADA remains the same as 2012 CL WADA (6188) then the

Total Revenue to Operate becomes                                $30,822,428        

Then, from FY 2012 to FY 2013 the decrease in Revenue will be               ($340,340)

If 2013 CL WADA is increased by 113 from (6144) to (6257) then the

Total Revenue to Operate becomes                                $31,166,117

Then, from FY 2012 to FY 2013 the increase in Revenue will be                $3349

If 2013 CL WADA is increased by 256 from (6144) to (6400) then the

Total Revenue to Operate becomes                                $31,878,400

Then, from FY 2012 to FY 2013 the increase in Revenue will be                $715,632

WADA is a significant factor for revenue potential. Develop and implement plans to increase WADA!