The following is an explanation of Sections H and I of the July 1Estimate Worksheet.
Section H – July 1 Equalization Aid
H1 13-14July 1Equalization Aid Estimatefrom Calculation of Sections A to G
H2 Parental School Choice Deduction from Equalization Aid (MilwaukeeOnly)
H2APayment to Milwaukee School District from City of Milwaukee (Milwaukee Only)
H3 Milwaukee Charter School Program Deduction from Equalization Aid per s.121.08 (4), Wis. Stats., to reflect the funding requirements of this program
H4 Prior Year (2012-2013) October to Final Equalization Aid Eligibility Adjustment
H5 Prior Year Data Error Adjustment (Specific Districts Only)
H6 13-14 July 1 Equalization Aid Estimate
Section I – July 1 General Aid
I1 13-14July 1 Aid Estimate of Special Adjustment Aid and Special Transfer Aid (Chapter 220 / Integration Aid). Special Adjustment Aid ensures that districts do not receive less than 85 percent of their prior year general aid eligibility.
I2A Parental Choice Deduction from Special Adjustment Aid and/or Special Transfer Aid (Milwaukee and Racine Only)
I2B Milwaukee Charter School Program Deduction from Special Adjustment Aid and/or Special Transfer Aid as per s.121.08(4), Wis. Stats., to reflect the funding requirement of this program
I2CPrior Year (2012-2013) October to Final Special Adjustment Aid and/or Special Transfer Aid Adjustment
I313-14 July 1 Estimate of Special Adjustment Aid and/or Special Transfer Aid (See “Breakdown of I1”tab in aid spreadsheet for detailed computations)
I4Prior Year (2012-2013) October to Final Choice (Milwaukee and Racine Only) and Charter Deduction Adjustment
I5A13-14 July 1Aid Estimate Subtotal
I5B12-13 October to Final Act 28 Adjustment
I5July 1 Estimate of 2012-2014 General Aid (Use this number in the district 13-14 Revenue Limit estimate). Remember that the amount in LineI5 from the October 15, 2013 Aid Certification is to be used in the Revenue Limit when setting actual 2013-14 levy in Fall 2013.