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Fiscal Solvency Plans

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

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 http://www.cde.ca.gov/fg/fo/r14/fsp08rfa.asp
Background Unavailable
Fiscal http://www.cde.ca.gov/fg/aa/ca/fiscalsolvency.asp
Funding Resultshttp://www.cde.ca.gov/fg/fo/r14/fsp08result.asp
Other Unavailable

Contacts

Program Janet Finley
Phone : 916-323-5091
E-mail : JFinley@cde.ca.gov
Fiscal Janet Finley
Phone : 916-323-5091
E-mail : JFinley@cde.ca.gov
Division School Fiscal Services Division
Phone : 916-327-0538
Fax : 916-327-4873

Last Modified: September 23, 2008

California Department of Education
1430 N Street
Sacramento, CA 95814

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