Principal Apportionment payments are calculated for each local educational agency (LEA) pursuant to one of the three schedules outlined in Education Code (EC) Section 14041. The chart below summarizes the monthly payment amounts for each payment plan type prior to any payment deferrals authorized by statute. Information on payment deferrals that will impact Principal Apportionment payments in the 2012-13 Fiscal Year is available below.
At each certification of the Principal Apportionment the California Department of Education (CDE) calculates and publishes monthly payment information for the apportionment period. For example, the Advance Principal Apportionment will provide payment information for July to January. The Payment Schedule Summary – LEA Detail Excel file identifies an LEA’s payment plan type (select a fiscal year for access to funding Excel files). On a monthly basis, the State Controller’s Office (SCO) will draw warrants for each county treasurer. Payment information
is available on the SCO Web site.
Principal Apportionment Payment Calculation (before deferrals)
Month |
Amount Monthly Payment Is Calculated On |
EC Section 14041(a)(2)1 |
EC Section 14041(a)(7)2 |
EC Section 14041(a)(8)3 Type 3 |
|---|---|---|---|---|
July |
Advance Apportionment Total |
5% |
15% |
15% |
August |
Advance Apportionment Total |
5% |
15% |
30% |
September |
Advance Apportionment Total |
9% |
15% |
30% |
October |
Advance Apportionment Total |
9% |
15% |
15% |
November |
Advance Apportionment Total |
9% |
0% |
0% |
December |
Advance Apportionment Total |
9% |
0% |
0% |
January |
Advance Apportionment Total |
9% |
6% |
6% |
February |
Balance due - difference between P-1 and payments through January |
20% or 1/5 of balance due |
20% or 1/5 of balance due |
No payments in |
March |
Balance due - difference between P-1 and payments through January |
20% or 1/5 of balance due |
20% or 1/5 of balance due |
No payments in |
April |
Balance due - difference between P-1 and payments through January |
20% or 1/5 of balance due |
20% or 1/5 of balance due |
No payments in |
May |
Balance due - difference between P-1 and payments through January |
20% or 1/5 of balance due |
20% or 1/5 of balance due |
No payments in |
June |
Balance due - difference between P-2 and payments through May (assumes P-1 deferrals have been paid) |
Balance due |
Balance due |
Balance due |
1School districts other than the districts that meet the criteria for payment types 1 and 2 are paid pursuant to this schedule.
2School districts with less than 5,000 ADA in 1979-80 and which received between 39 percent and 74 percent of their total revenue limit from local taxes in 1979-80, are paid pursuant to this schedule.
3School districts with less than 5,000 ADA in 1979-80 and which received 75 percent or more of their total revenue limit from local taxes in 1979, are paid pursuant to this schedule.
Principal Apportionment Deferrals
The state has implemented several Kindergarten through Grade 12 (K-12) apportionment deferrals to address the state’s on-going cash shortage by moving payments within a fiscal year (intra-year deferrals) or to lower the level of K-12 program funding in the current year by paying for some of the current year program in the subsequent fiscal year (inter-year deferrals). The charts below provide information on the deferrals that impact the Principal Apportionment for the 2012-13 Fiscal Year.
2012-13 Fiscal Year Deferrals
(Modified February 2013)
Inter-year deferral amounts shown below reflect passage of Proposition 30, Schools and Local Public Safety Protection Act of 2012, by the voters on November 6, 2012.
| Deferral Month | Amount |
Repayment Month |
Intra-Year or Inter-Year? |
Deferral Exemption Process? |
Principal Apportionment Deferral Impact |
Authority |
|---|---|---|---|---|---|---|
July 2012 |
$700 million |
September 2012 |
Intra-Year |
Yes |
75% of 2012-13 Advance |
Government Code (GC) 16325.5 and 16326 |
July 2012 |
$500 million |
January 2013^ |
Intra-Year |
Yes |
25% of 2012-13 Advance |
GC 16325.5 and 16326 |
August 2012 |
$600 million |
January 2013^ |
Intra-Year |
Yes |
60% of 2012-13 Advance |
GC 16325.5 and 16326 |
October 2012 |
$800 million |
January 2013^ |
Intra-Year |
Yes |
46% of 2012-13 Advance |
GC 16325.5 and 16326 |
February 2013 |
$531.7 million |
July 2013 |
Inter-Year |
No |
31% of 2012-13 P-1 |
EC 14041.6 |
March 2013 |
$1.029 billion |
August 2013 |
Inter-Year |
No |
60% of 2012-13 P-1 |
EC 14041.6 |
April 2013 |
$594.7 million |
July 2013 |
Inter-Year |
No |
35% of 2012-13 P-1 |
EC 14041.6 |
April 2013 |
$763.8 million |
August 2013 |
Inter-Year |
No |
45% of 2012-13 P-1 |
EC 14041.6 |
May 2013 |
$1.977 billion |
July 2013 |
Inter-Year |
No |
100% of 2012-13 P-1 |
EC 14041.6 |
June 2013 |
$474 million |
July 2013 |
Inter-Year |
Yes** |
100% of 2012-13 P-2 |
EC 14041.5, 14041.6, and 14041.7 |
**EC 14041.7 allows an LEA that will be unable to meet its financial obligations in the month of June to apply for an exemption from the June P-2 deferral.
^Deferral repayment accelerated to December 2012 from January 2013 by the Department of Finance, State Controller’s Office, and State Treasurer’s Office under the authority of Government Code sections 16325.5 and 16326. In addition, the $900 million March to April deferral has been cancelled. For additional information, please see the November 30th letter http://sco.ca.gov/Files-EO/Payment_Deferrals_Letter_113012.pdf
(PDF).
Additional information on the deferral exemption application process is available for the 2012-13 fiscal year on the fiscal status Web page.