Revenue Limit definition
Examples of Revenue Limit in a sentence
From this calculation, subtract the Total Revenue Limit Sources in accounts 8010-8099 (same as J201, Line A1).
The District’s multi-year projection as of April 2019 shows ongoing LCFF Revenue Limit Sources (Line A.1.) for 2019/20 of $114,947,419.
The Committee recommends that the following nine (9) Districts and two (2) Employers be used for comparables based on size, Revenue Limit, and likeliness to employ our members.
Should the current school finance system be significantly altered by elimination or substantial modification of Base Revenue Limit funding or in other significant ways that make implementation of the terms of this Agreement impractical or impossible, the parties agree to commence bargaining to attempt creation of a new memorandum that meets the intent of this Agreement.
Effective Base Revenue Limit per ADA will be defined as the product of the Total Base Revenue Limit per ADA (EDP024) from form J201RL and the State School Deficit Factor (EDP086).
COLA received by the District will be defined as the percent increase of the current year’s Effective Base Revenue Limit per ADA over the previous year’s Effective Base Revenue Limit per ADA.
For purposes of this Agreement, “Cola” is herein defined as and limited to, the state-enacted implemented and funded percentage cost of living adjustment to the Oak Park Unified School District’s 2005-06 and 2006-07 Base Revenue Limit per ADA.
Subject to receipt, if deficit reduction monies are allotted to increase the Base Revenue Limit on an ongoing basis, then, in that event, such monies will also be included in the above definition of COLA.
Effective upon receipt, deficit reduction funds, if any, which are rolled into the Base Revenue Limit on a continuing basis shall be counted within the above definition of COLA.
Board calculations for Fair Share Pass Through will be based on COLA, not Base Revenue Limit.