Please note that the 2024-25 Adopted Budget (May Revise) LCFF Calculator has now been posted on FCMAT’s website. You can access the calculator on the FCMAT Website here: www.fcmat.org/lcff.

FCMAT’s summary of the changes to the calculator is included below.
Regards,

School Business Advisory Services Team
Santa Barbara County Education Office

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________________________________ From: Roslynne Manansala-Smith <000000c4da221bdb-dmarc-request@LISTS.FCMAT.ORG> Sent: Wednesday, May 15, 2024 2:43 PM To: LCFF-CALCULATOR@LISTS.FCMAT.ORG <LCFF-CALCULATOR@LISTS.FCMAT.ORG> Subject: [LCFF] School District & Charter School LCFF Calculator Update (version 25.1 posted May 15, 2024)
Version 25.1
Release Date: May 15, 2024

This version includes updated certified data as of the 2023-24 first principal apportionment (P-1), the 2022-23 annual principal apportionment (AN), and the 2021-22 annual principal apportionment second revision (AN R-2), with minor corrections to formulas. The base year has transitioned to 2024-25, and the year 2028-29 has been added to the calculator. Although the 2021-22, 2022-23, and 2023-24 columns are “historical” years, they remain editable. LEAs can continue to use the 2023-24 column to calculate current year figures.

FCMAT recommends all LEAs use Version 25.1.

Universal Assumptions:
* Cost-of-living adjustment (COLA) provided by the Department of Finance as of May 2024 are as follows:

2024-25
2025-26
2026-27
2027-28
2028-29
Statutory COLA
1.07%
2.93%
3.08%
3.30%
3.29%

* EPA rates prepopulated with those published by the CDE for 2022-23 AN, and 2023-24 current estimates are as follows:

2022-23 AN
2023-24 P1
EPA Rate
12.84814107%
48.75954508%

Major Changes:
Summary Tab – Refined the structure and labeling of this tab to more closely align with the CDE’s School District LCFF Calculation exhibit.
* General Assumptions * Added student assumptions data. * LCAP Percentage to Increase or Improve Services Calculation * Added a new feature that projects an additional 15% in LCFF concentration grant funding. This amount can now be included in the LCAP’s “Increased or Improved Services section” for LEAs that receive concentration grant funding. * Included TK add-on funding in the base grant formula to help calculate an LEA’s minimum proportionality percentage. * The historical year columns have been blacked out, but the formulas remain accessible for LEAs needing to reference the calculations.
ADA Tab
* Added a dedicated ADA tab for easy access to detailed information. A summary of ADA information remains available on the Summary tab for quick reference.

Additional State Aid and Excess Tax Calculation Updates
* Resolved questions from basic aid/community funded districts regarding the Calculator and Summary tabs by aligning the Additional State Aid (ASA) and Excess Tax calculations with the CDE’s certified exhibits, which calculates Excess Taxes before ASA/MSA. * Provided flexibility in the Graphs tab for local calculation of excess taxes after ASA/MSA. This allows each LEA to review and adjust as needed for their local LEA communications. LEAs can calculate starting on lines 74-81. * Updated the LCFF per ADA calculations on the Calculator and Summary tab to be consistent with prior versions that exclude categorical MSA. This change is particularly relevant to basic aid/excess tax districts and cusp basic aid/excess tax districts that might shift in and out of this status.

As a reminder, LEAs can access the updated version on the FCMAT website: www.fcmat.org/lcff.