Posts Tagged "IMF"

Look Into a Crystal Ball: How to Project Your District’s Instructional Materials Allotment Allocation

[Source: Opinion Lab]

[Source: Opinion Lab]

Today, the Texas State Board of Education adopted 89 social studies, 55 high school math and 172 fine arts materials. Learning List has reviewed all of the state-adopted social studies and high school math products that were adopted, as well as several materials in those subjects that were not submitted for state adoption.

The State Board took another less notorious vote today but one that significantly impacts the amount of state funding school districts and charter schools will receive to pay for instructional materials and technology over the next two school years. The Board set the percentage distribution rate from the Permanent School Fund (PSF) to the Available School Fund (ASF) at 3.5 percent for the 2015-2016 fiscal biennium. As a result of that action, approximately $1 billion a year will transferred from the PSF to the ASF and half of that (~$500M) will be set aside in the ASF for the state instructional materials fund (IMF).

[© 2014 Learning List]

[© 2014 Learning List]

Are you wondering how much IMA your district or charter school will receive to purchase new social studies and high school math materials? Learning List’s whitepaper will help you predict approximately how much IMA funding you can reasonably expect to receive in September of each year of the 2015- 16 biennium. However, as you will read, two important steps have yet to be taken before districts can know with certainty the amount of IMA funding they will have available for each year of the next biennium.

NOTE: Based upon our analysis with a 2013-14 TEA enrollment of 5.15 million students, districts can expect approximately $98/student per year in IMA funds for each of the next two years. You can read or download a copy of How to Project Your District’s Instructional Materials Allotment Allocation by clicking here.

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Where Does Funding for Instructional Materials Come From?

textbooks2Few states make a specific appropriation to districts for the purposes of purchasing instructional materials and/or technology. South Carolina, Florida, and Texas are among the states that do.

In Texas, the funds for the Instructional Materials Allotment (IMA) begin at the Permanent School Fund (PSF), which was created by the legislature in 1854 with a $2 million appropriation for the benefit of Texas public schools. By the end of the 2013 fiscal year, the market value of the PSF exceeded $33 billion.

Shortly before the beginning of each biannual legislative session, the State Board of Education (SBOE) determines the annual distribution (or “payout”) from the PSF to the Available School Fund (ASF) for each of the subsequent two budget years. The SBOE sets aside half of this distribution for the Instructional Materials Fund (IMF). The legislature determines the amount of the distribution that is ultimately appropriated for the IMF.

The money in the IMF is used for several different instructional materials-related expenses, such as the cost of shipping adopted instructional materials to districts. The largest portion of the IMF, though, goes to the Instructional Materials Allotment (IMA). The commissioner determines the amount of the annual, per-student allocation from the IMA based on the amount of money available in the IMF. For the 2014-2015 school year, approximately 96% of the IMF was used for the IMA.

The ability to trace the flow of IM funds from their source to the local education agencies (LEAs) not only makes for an informed electorate, but also allows those who depend on those funds to estimate future IM allotments and plan for upcoming IM purchases.

In estimating forthcoming allotments and planning for future purchases, however, LEAs should be bear in mind that as funds flow from their source, they pass through the capitol building, and, by the power of appropriation, the state legislature has the final word on the funding of instructional materials.

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