BUDGET NOTES. The Project Parties shall provide the relevant funding and/or contribution to the Project and make payment in accordance with the terms of Clause 6 of Annex A.
BUDGET NOTES. Registrant numbers The budget for registration income is based on the following: • Number of registrants invited to renew at next renewal period: 41,566 • Lapse rate of renewals 1.5%
BUDGET NOTES. COLA Special education funding would receive the 1.07% COLA. Increases base rate to $896.89 per ADA Alternative Pathways Diploma of graduation available to students in grade 10 or higher in 2022-23.
BUDGET NOTES. COLA The 1.07% COLA would apply to the LCFF base grant that charter schools receive. ERAF Distributions Proposal to make charter schools eligible to receive ERAF (Educational Revenue Augmentation Fund) revenues was rejected in the final budget agreement. School Facilities Bond $500 million of the $10 billion K-14 facilities bond is for Bond to be on November 2024 ballot. COLA Adult education would receive the 1.07% COLA, for an increase of $6.9 million, and a total of $659.1 million. Funded through Community Colleges
BUDGET NOTES. August Layoff Window Closed For 2024-25, the statute allowing school district to issue August layoffs of certificated and classified staff, when the LCFF is not increased by at least 2%, is suspended. Zero-Emission / Green Maintains support of $500 million one-tine funds for $375 million for buses; $125 million School Buses greening of school bus fleets. Includes an intent to restore funding next year. for infrastructure. Summer Assistance Program One-time funding increase of $9 million added to the TK-12 program. Other funding No changes proposed to Classified School Employee Teacher Credentialing Program. Other budget items that will support Classified employees include the ELOP, universal meals, and the TK expansion.
BUDGET NOTES. COLA The 1.07% COLA is be applied to the community college apportionments. This increases the SCFF component rates and many categorical programs. Deferrals Two deferrals (June to July) were included in the budget; $446 million was deferred (on paper) from June to July 2024 and $244 million will be deferred from June to July 2025. Prop. 98 Reserves Withdrawal of $788 million from the Prop. 98 Reserves to cover costs in 2023-24. Student Centered $100.2 million supports the COLA as applied to the SCFF. SCFF technical adjustments based Funding Formula (SCFF) After adjustments, total SCFF funding would be about $9.6 on estimates of FTES plus billion. supplemental and success metrics Enrollment growth $28 million ongoing funding is provided to support 0.5% growth. Categorical Programs Funding for several categorical programs is increased by the 1.07% COLA. These include: Adult Education, Extended Opportunity Programs and Services, Disabled Students Programs and Services, Apprenticeships, CalWORKS Student Services EOPS; DSPS; CalWORKS Student Service; Apprenticeship; Cooperative Agencies Resources for Education (CARE); Childcare Tax Bailout; Mandates Block Grant (adjusted by COLA and enrollment). Nursing Program $60 million one-time funds to expand nursing program Not new funding, but redirected from Expansion and Grant Program capacity and $5 million one-time funds to support educational pathways for low-income homecare and childcare workers are earmarked from the Strong Workforce Program for these purposes. $60 million per year for five years is also earmarked to establish the Rebuilding Nursing Infrastructure Grant Program Strong Workforce. Part-Time Faculty $200 million ongoing funding for PT Faculty healthcare Total funding for PTHC is $200.5 Programs continues. PT Faculty compensation funding continues at $26.5 million and PT Faculty office hours funding continues at $23.6 million ongoing funds. The Office Hours reimbursement amount is increased to up to 90% of employer costs, while funding is available. million. Full-time faculty hiring No new funding proposed; program would remain at current funding level of $150 million ongoing. Student Housing A statewide lease revenue bond program is included in the budget, which authorizes the State Public Works Board to issue $804.7 million in revenue bonds to support 13 approved community college affordable student housing projects. Other projects that do not fit within the parameters will be funded with redirected ...
BUDGET NOTES. Prop. 98 Funding The Proposition 98 funding agreement revises the minimum guarantee for 2022-23 to $97.5 billion but includes an additional $6.2 billion that is included in the base in 2023-24 and going forward. The repayments will be paid back over ten years ($621 million per year), starting in 2026-27. 2022-23 – $97.5 billion, plus $6.2 billion above the minimum for $103.7 billion total (was $110.6) 2023-24 – would be $106.8 billion, but suspended to $98.5 billion (was $107.4) 2024-25 – $115.2 billion, includes For 2023-24, the minimum guarantee is suspended to $98.5 billion and a maintenance factor of $8.3 billion is created. The 2024-25 guarantee of $115.2 billion includes a maintenance factor payment for about half of the suspended funding from 2023-24 ($4.1 billion). $4.1 billion maintenance factor The additional funding for 2023-24 makes Test 2 in effect for that year, with Test 1 operative in the other two years. Prop. 98 is also re-benched for the Universal TK rollout and the implementation of the Arts and Music in Schools (Prop. 28) initiative. K-12 per-pupil funding is projected to be $18,354 from Prop. 98 funds in 2024-25, which is $693 more than the 2023 budget act. Accounting for all sources, it is $24,626 per student. Public School System For 2023-24, $8.4 billion is withdrawn from these The $1.1 billion deposit in 2024-25 is Stabilization Account (PSSSA) reserves, bringing the balance to zero and a deposit of $1.1 billion is included for 2024-25. a discretionary deposit. Local Reserves The 10% cap on local district reserves will not be operative in 2024-25 after the PSSSA is depleted in 2023- 24. The cap is unlikely to be in effect in 2025-26. Prop. 98 Re-benching The Prop. 98 minimum guarantee is “re-benched” to account for the continued rollout of Universal TK and the Arts and Music in Schools initiative funding. COLA The COLA for the state preschool provider rates was suspended for the 2023-24 and 2024-25 fiscal years. Child Nutrition programs receive the 1.07% COLA. Access / Slots Fully funds 11,000 awarded child care expansion slots; revises goal to 200,000 additional slots by 2028. Children with Disabilities At least 5% of funded enrollment must be set aside for children with disabilities; requirement to increase to 10% is repealed. Eligibility Children ages 24 to 35 months allowed with reimbursement rate adjustment at 1.8 allowed, but not required; sunsets on July 1, 2027. Inclusive Early Education Expansion Program $100 million is m...
BUDGET NOTES. RFK NRC uses a standard consultation activities rate ($100/hour) to calculate the total consultation costs for the project • RFK NRC proposes to submit invoices for payment after completion of each on-site visit • Budget provides for travel expense reimbursement for costs that includes airfare, lodging, ground transportation, meals, and parking. The amount billed for reimbursement will only include actual expenses verified by receipts. Therefore, the actual expense costs for this agreement may be lower U.S. DEPARTMENT OF THE TREASURY CORONAVIRUS LOCAL FISCAL RECOVERY FUND AWARD TERMS AND CONDITIONS
BUDGET NOTES. Quintiles' scope of work for the NDA Preparation for Pimagedine includes Regulatory Affairs Consulting, Clinical Sciences, Biostatistics, Programming, QC, and Project Management services. Assumptions are based on discussions between Quintiles and Alteon. Deviations in these assumptions may require a modification to the budget and/or timelines. GENERAL NOTES Quintiles' participation in this project is based on * consecutive months beginning *. Should the time line increase/decrease, the budget will be adjusted accordingly. The budget is based on Quintiles' 1998 daily rates. If the Services hereunder last longer than one (1) year, Quintiles' costs may be increased at the beginning of each year, commencing one year after the date the Agreement is executed, to reflect increases or decreases in Quintiles' costs on a prospective basis only. Quintiles' costs may be increased or decreased for the next twelve (12) month period using the percentage change in the wages/earnings survey as published in The Economist for the applicable currencies over the preceding twelve (12) month period. Any costs associated with audits performed by Alteon at Quintiles' facilities will be invoiced to Alteon at cost. BIOSTATISTICAL AND CLINICAL SCIENCES SERVICES Costs for error resolution for the following data to be received from external vendors have not been included in the budget: Covance laboratory data, Scripps Labs' data, Fundus photography data (University of Wisconsin, Madison), GFR data (from Covance), the Quality of Life data (from Reilxx Xxxociates), and plasma pimagedine data (from Alteon).
BUDGET NOTES. Line Item Comment Salaries This will be consistent throughout the year with the exception of first quarter during project start up. We expect by the beginning of second quarter SFB will be fully operation and all staff positions will be filled Fringe Benefits Calculated as per award, based on hired staff. Consultants SFB will utilize both international and local consultants as needed to complement project staff and technical activities. Equipment Winrock will purchase equipment to fulfill the needs of all SFB staff (including subgrantees’ staff) for the implementation of activities in all areas identified. Travel And Per Diem Travel costs will increase during the year as SFB reaches peak implementation in quarters three and four. Other Direct Costs The level of expenditures will increase starting in quarter two, and will remain consistent throughout the year. Sub-Agreements Expected to accelerate as the year progresses Indirect Costs Calculated as per award. Non-Federal Contributions Cost share will be closely linked to with the implementation of the small grant program, expected to accelerate later in FY13. Cost share from partners will increase over the course of FY13 as field implementation accelerates. Winrock has stringent internal procedures for monitoring expenditures against budget projections and verifying transactions. Winrock headquarters tracks expenses using Solomon accounting software and applies expenditures to budget line items. At the end of each month, headquarters provides expenditure reports to ensure budget compliance. The Winrock Team’s monitoring and evaluation plan (PMEP) for SFB will provide USAID with an effective framework for evaluating and reporting on SFB’s diverse outputs and impacts, including standard Foreign Assistance Framework output and outcome indicators where appropriate. The system is configured to provide SFB and USAID with reliable, cost-effective information quickly, enabling responsive and adaptive management, and draws heavily on Xxxxxxx’s wealth of experience in global information systems (GIS) and technologies. The PMEP will allow USAID to easily and effectively verify SFB’s progress towards the goals and expected results (Figure D 1). The illustrative results framework (Figure D 2) demonstrates SFB’s theory of change, with the discrete components leading to reduction in deforestation in Cambodia’s priority landscapes explicitly identified and their conceptual relationships made clear. This system of indicator...
