Summary:
This assignment at first overwhelmed me, so I interviewed my district’s CFO to get a better understanding of the snapshots, how to find the target revenue, etc.
To find the total target revenue I multiplied the WADA at the compressed rate for each district by the WADA.
The rich district’s formula would be $7,206 X 4794.076= $34,546,111.656
They have 307 teachers, nurses, counselors, and librarians, with 265 FTEs.
The poor district’s formula is $5044 X 5,555.815= $28,023,530.86
They have 281 teachers, nurses, counselors, and librarians, with 265 FTEs.
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