1/15/2003
23
General Education Programs
–Operating Capital Revenue
–This formula is to be used for repair and maintenance of facilities, acquisition of land, purchase or lease of equipment, or purchase of books.
–
–Revenues must be placed in the district’s operating capital account in the general fund.
–Maintenance Cost Index (MCI):  1 + (Average Age of School Buildings/100)
–Operating Capital Revenue:
–Op Cap Allowance * AMCPUs = Operating Capital Revenue
–
–
–
–  $199.3 million in FY 03.
–Technology Piece
–Equipment Piece
–Facilities Piece
–$5
–
–$68
–
–($100 * MCI)
–
–  Op Cap Allowance =                           +          +             
–  Districts with a learning year program receive an additional $30 per pupil at the learning year site.