Arkansas Department of Education Division of Elementary and Secondary Education Net URT Revenues Received by School Districts During Calendar Year 2020

Memo Information

Memo Number
FIN-21-036
Memo Date
3/31/2021
Memo Type
Administrative
Unit
Fiscal & Administrative Services
Regulatory Authority
Ark Code Ann. § 6-20-2305 and § 26-80-101
Response Required
NO
Attention
Superintendents; General Business Managers

Primary Contact Information

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No references available.

Memo Text

The Arkansas Department of Education – Division of Elementary and Secondary Education has received, for each school district in the state, the “County Treasurer’s Ad Valorem Tax Report” for 2020.  As required by A.C.A § 26-80-101 (b)(4)(A)(ii), by January 31 of each year, each county treasurer shall provide an annual summary report of all proceeds generated from ad valorem tax and distributed by the county to a school district for the period beginning January 1 and ending on December 31 of the preceding calendar year to the Treasurer of State, the ADE-DESE, and the superintendent of the school district to which the proceeds from the uniform rate of tax (URT) are distributed by the county.  The ad valorem tax revenues disbursed by Arkansas counties during calendar year 2020 and additional data reported by the county treasurers are available for review on the ADE-DESE website at https://dese.ade.arkansas.gov/Offices/fiscal-and-administrative-services/publication-and-reports/miscellaneous as “Net URT Revenues Received by School Districts During Calendar Year 2020.”  The PDF document is divided into two sections, with a summarized report beginning on page 1 and a detailed report beginning on page 12.  Each school district should verify that the data submitted by the counties agrees with school district records.  If discrepancies exist, further investigation should be completed in conjunction with the appropriate county officials.  If the data submitted on the 2020 “County Treasurer’s Ad Valorem Tax Report” is incorrect, the county should submit a revised report to the DESE as soon as possible.

Additionally, the last two columns on the summarized report provide the “FY21 Funding Adjustment” and the “Percent of Net URT Revenues to Assessment”.  Amounts shown in red in the “FY21 Funding Adjustment” column represent amounts to be paid to the DESE, or to be withheld from the final FY21 state foundation funding aid payments for applicable districts.  The deadline for submitting corrections to net revenues shown on this report to the ADE is May 1, 2021.  If necessary, an updated report will be published after the deadline has passed.

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