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Fiscal Solvency Plans

NOTE: The application due date for this program has passed.


Funding Description

School districts and charter schools that have completed plans to meet their outstanding long-term fiscal obligations for other postemployment benefits (OPEB) may receive up to $15,000 as a reimbursement for the costs of developing such plans. County offices of education may receive funding to review the district plans for financing other postemployment benefits as part of the budget review process.

Eligibility

Eligible Applicants Local educational agencies
Required Eligibility Criteria School districts and charter schools that have long-term fiscal obligations for OPEB are eligible if they submit a Management Plan for Financing OPEB (Management Plan) to their county office of education or authorizing agency. County offices of education and authorizing agencies must certify to CDE that a complete Management Plan has been submitted. County offices of education are eligible to receive funding to review these district plans.
Other Eligibility Considerations Not applicable
Eligible Grade Level(s) Not applicable
Eligible Age Level(s) Not applicable

Funding

Legal Authority Assembly Bill 1802, Chap. 79, Section 43(a), as amended by Chap.371, Section 43(a)(6)(A), (Senate Bill 1131)
Source / Type State / Apportionment
State Fiscal Year 2008-09
SACS Resource / Revenue Codes 7386 / 8590
Total Available $8,157,110
Recipient Amount See Allocation Formula
Match Requirement Yes
Allocation Formula Funding amounts are $7.3 million for school districts and charter schools; $827,389 for county offices of education. The funding allocation for school districts and charter schools will be on a reimbursement basis for actual costs. The funding allocation for county offices of education is based on the districts requested reimbursable expenditures.

Important Dates

Date Application Available September 8, 2008
Due Date June 15, 2009
Expected Notification Date July 31, 2009

Additional Information

Application RFA-08: Fiscal Solvency Plans [http://www.cde.ca.gov/fg/fo/r14/fsp08rfa.asp]
Background Unavailable
Fiscal Fiscal Solvency Plans  [http://www.cde.ca.gov/fg/aa/ca/fiscalsolvency.asp]
Funding ResultsFSP [http://www.cde.ca.gov/fg/fo/r14/fsp08result.asp]
Other Unavailable

Contacts

Program Janet Finley, 916-323-5091, JFinley@cde.ca.gov
Fiscal Janet Finley, 916-323-5091, JFinley@cde.ca.gov
Division School Fiscal Services Division, 916-327-0538 (phone), 916-327-4873 (fax)
Last Modified: September 23, 2008
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