CHAPTER 5. DETERMINATION OF COMPLEXITY INDEX AND TRANSITION TO FOUNDATION REVENUE PER ADM
IC 20-43-5
Chapter 5. Determination of Complexity Index and Transition to
Foundation Revenue Per ADM
IC 20-43-5-1
Application
Sec. 1. A school corporation's transition to foundation revenue per
adjusted ADM for a calendar year is the amount determined under
section 9 of this chapter.
As added by P.L.2-2006, SEC.166. Amended by P.L.234-2007,
SEC.241.
IC 20-43-5-2
Components; transition to foundation revenue per adjusted ADM
Sec. 2. The following amounts must be determined under this
chapter to calculate a school corporation's transition to foundation
revenue per adjusted ADM for a calendar year:
(1) The school corporation's complexity index for the calendar
year under section 3 of this chapter.
(2) The school corporation's foundation amount for the calendar
year under section 4 of this chapter.
(3) The school corporation's previous year revenue foundation
amount for the calendar year under section 5 of this chapter.
(4) The school corporation's transition to foundation amount for
the calendar year under section 6 of this chapter.
(5) The school corporation's transition to foundation revenue for
the calendar year under section 7 of this chapter.
As added by P.L.2-2006, SEC.166. Amended by P.L.234-2007,
SEC.242.
IC 20-43-5-3
Calculation; complexity index
Sec. 3. A school corporation's complexity index is determined
under the following formula:
STEP ONE: Determine the greater of zero (0) or the result of
the following:
(1) Determine the percentage of the school corporation's
students who were eligible for free or reduced price lunches
in the school year ending in the later of:
(A) 2007 for purposes of determining the complexity
index in 2009, and 2009 for the purposes of determining
the complexity index in 2010 and 2011; or
(B) the first year of operation of the school corporation.
(2) Determine the quotient of:
(A) in 2009:
(i) two thousand four hundred dollars ($2,400); divided
by
(ii) four thousand eight hundred twenty-five dollars
($4,825);
(B) in 2010:
(i) two thousand two hundred sixty-three dollars
($2,263); divided by
(ii) four thousand five hundred fifty dollars ($4,550);
and
(C) in 2011:
(i) two thousand two hundred forty-one dollars ($2,241);
divided by
(ii) four thousand five hundred five dollars ($4,505).
(3) Determine the product of:
(A) the subdivision (1) amount; multiplied by
(B) the subdivision (2) amount.
STEP TWO: Determine the result of one (1) plus the STEP
ONE result.
STEP THREE: This STEP applies if the STEP TWO result is
equal to or greater than at least one and twenty-five hundredths
(1.25). Determine the result of the following:
(1) Subtract one and twenty-five hundredths (1.25) from the
STEP TWO result.
(2) Determine the result of:
(A) the STEP TWO result; plus
(B) the subdivision (1) result.
The data to be used in making the calculations under STEP ONE
must be the data collected in the annual pupil enrollment count by
the department.
As added by P.L.2-2006, SEC.166. Amended by P.L.234-2007,
SEC.243; P.L.3-2008, SEC.125; P.L.182-2009(ss), SEC.333.
IC 20-43-5-4
Calculation; foundation amount
Sec. 4. A school corporation's foundation amount for a calendar
year is the result determined under STEP TWO of the following
formula:
STEP ONE: The STEP ONE amount is:
(A) in 2009, four thousand eight hundred twenty-five dollars
($4,825);
(B) in 2010, four thousand five hundred fifty dollars
($4,550); and
(C) in 2011, four thousand five hundred five dollars
($4,505).
STEP TWO: Multiply the STEP ONE amount by the school
corporation's complexity index.
As added by P.L.2-2006, SEC.166. Amended by P.L.234-2007,
SEC.244; P.L.182-2009(ss), SEC.334.
IC 20-43-5-5
Calculation; previous year foundation amount
Sec. 5. A school corporation's previous year revenue foundation
amount for a calendar year is equal to the result of:
(1) the school corporation's previous year revenue; divided by
(2) the school corporation's adjusted ADM for the previous
year.
As added by P.L.2-2006, SEC.166. Amended by P.L.182-2009(ss),
SEC.335.
IC 20-43-5-6
Calculation; transition to foundation amount
Sec. 6. (a) A school corporation's transition to foundation amount
for a calendar year is equal to the result determined under STEP
THREE of the following formula:
STEP ONE: Determine the difference of:
(A) the school corporation's foundation amount; minus
(B) the school corporation's previous year revenue
foundation amount.
STEP TWO: Divide the STEP ONE result by:
(A) three (3) in 2009;
(B) two (2) in 2010; and
(C) one (1) in 2011.
STEP THREE: A school corporation's STEP THREE amount
is the following:
(A) For a charter school located outside Marion County that
has previous year revenue that is not greater than zero (0),
the charter school's STEP THREE amount is the quotient of:
(i) the school corporation's transition to foundation
revenue for the calendar year where the charter school is
located; divided by
(ii) the school corporation's current ADM.
(B) For a charter school located in Marion County that has
previous year revenue that is not greater than zero (0), the
charter school's STEP THREE amount is the weighted
average of the transition to foundation revenue for the school
corporations where the students counted in the current ADM
of the charter school have legal settlement, as determined
under item (iv) of the following formula:
(i) Determine the transition to foundation revenue for each
school corporation where a student counted in the current
ADM of the charter school has legal settlement.
(ii) For each school corporation identified in item (i),
divide the item (i) amount by the school corporation's
current ADM.
(iii) For each school corporation identified in item (i),
multiply the item (ii) amount by the number of students
counted in the current ADM of the charter school that
have legal settlement in the particular school corporation.
(iv) Determine the sum of the item (iii) amounts for the
charter school.
(C) The STEP THREE amount for a school corporation that
is not a charter school described in clause (A) or (B) is the
following:
(i) The school corporation's foundation amount for the
calendar year if the STEP ONE amount is at least negative
one hundred fifty dollars (-$150) and not more than fifty
dollars ($50).
(ii) The sum of the school corporation's previous year
revenue foundation amount and the greater of the school
corporation's STEP TWO amount or fifty dollars ($50), if
the school corporation's STEP ONE amount is greater than
fifty dollars ($50).
(iii) The amount determined under subsection (b), if the
school corporation's STEP ONE amount is less than
negative one hundred fifty dollars (-$150).
(b) For the purposes of STEP THREE (C)(iii) in subsection (a),
determine the result of:
(1) the school corporation's previous year revenue foundation
amount; minus
(2) the greater of:
(A) one hundred fifty dollars ($150); or
(B) the result of:
(i) the absolute value of the STEP ONE amount; divided
by
(ii) nine (9) in 2010, and eight (8) in 2011.
As added by P.L.2-2006, SEC.166. Amended by P.L.234-2007,
SEC.245; P.L.182-2009(ss), SEC.336.
IC 20-43-5-7
Calculation; transition to foundation revenue
Sec. 7. A school corporation's transition to foundation revenue for
a calendar year is equal to the product of:
(1) the school corporation's transition to foundation amount
for the calendar year; multiplied by
(2) the school corporation's:
(A) current ADM, if the current ADM for the school
corporation is less than one hundred (100); and
(B) current adjusted ADM, if clause (A) does not apply.
As added by P.L.2-2006, SEC.166. Amended by P.L.234-2007,
SEC.246; P.L.3-2008, SEC.126; P.L.182-2009(ss), SEC.337.
IC 20-43-5-8
Repealed
(Repealed by P.L.234-2007, SEC.269.)
IC 20-43-5-9
Calculation; transition to foundation revenue per adjusted ADM
Sec. 9. A school corporation's transition to foundation revenue per
adjusted ADM for a calendar year is the quotient of:
(1) the school corporation's transition to foundation revenue for
the calendar year; divided by
(2) the school corporation's current adjusted ADM.
As added by P.L.2-2006, SEC.166. Amended by P.L.234-2007,
SEC.247.