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HomeMy WebLinkAbout20223617.tiffPLEASE SEE THE ENCLOSED CHECK FOR YOUR BANKHEAD-JONES ALLOCATION AMOUNT PER THE LETTER BELOW AND THE ALLOCATION FORMULA ON OTHER SIDE OF THIS LETTER. OFFICE OF BOARD OF COMMISSIONERS PHONE: 970-336-7204 FAX: 970-336-7233 1150 O STREET P.O. BOX 758 GREELEY, COLORADO 80632 June 21, 2022 To: All Weld County School District Superintendents As we have advised all Weld County school districts the last six years, in accordance with Title III of the Bankhead- Jones Farm Tenant Act (7 U.S.C. 1012), the USDA Forest Service is required to make payments to counties for receipts from USDA Forest Service land from grazing fees and mineral receipts. For the first time in 2016 Weld County received funds from oil and gas extraction payments from the Pawnee Grasslands located in Weld County. In 2009 House Bill 09-1250 was passed that created a new methodology to allocate the funds received from the Forest Service. Under the new allocation methodology 25% of the funds must be used for county roads and bridges, and 25% must be allocated to the schools in the county. The other 50% is to be allocated between the two purposes at the direction of a committee of three County Commissioners and three school district representatives. This year Weld County has worked with the US Forestry Service to get the Bankhead Jones Farm Tenant Act allocation amount early but did not receive it until mid -June. As anticipated due to higher oil prices and production in the Pawnee Grasslands the amount is significantly higher than the 2020 amount of $860,926.01. The amount for 2021 is $10,069,711.40. In 2016 the mechanism and agreements with all Weld Schools Districts to allocate the funds were put in place in accordance with HB 09-1250. The Superintendents from RE -5J, RE -9, and RE 12 were selected by all Weld County School Districts for the ongoing committee to work with the Weld County Commissioners to develop an allocation formula. It was the intent that the formula developed would be the ongoing formula for the allocation process, which worked well the last six years. The resolution approved by all Weld County school districts in 2016 calls for a meeting to review the formula and approve the allocation amount each year. On Tuesday June 21, 2022, at 1:30 p.m. the committee met and approved the attached 2022 worksheets showing the amounts to be allocation to the respective Weld County school districts for 2022. Per state law the funds are to be distributed no later than September of each year. If you have questions regarding this topic please do not hesitate to contact Don Warden, Director of Finance and Administration, at 970-400-4218. Sincerely, BOAD OF COUN COMMISSIONERS cott K. James, Chair 2022-3617 2022 Forest Service Payment Allocation to Schools - FORMULA COLA Brighton 271 St Vrain RE -1J Thompson RE -2J Weldon Valley RE -20J Wiggins RE -50J Gilcrest Re -1 Eaton RE -2 Keenesburg RE -3 J Windsor RE -4 Johnstown -Milliken RE -5J Greeley 6 Platte Valley RE -7 Fort Lupton RE -8 Ault -Highland RE -9 Brigsdale RE -10 Prarie RE -11 Pawnee RE -12 TOTAL ALLOCATION 50% County 50% Schools TOTAL Funded Pupil Count Percentage 106 11352 11 1 20 1892 1994 2693 8104 3783 22170 1078 2482 1013 186 191 70 0.185% 19.865% 0.019% 0.002% 0.035% 3.311% 3.489% 4.712% 14.181% 6.620% 38.795% 1.886% 4.343% 1.773% 0.325% 0.334% 0.122% 57,146.0 1.000 $ 5,034,855.70 $ 5,034,855.70 $ 10,069,711.40 PAYMENT INFORMATION: Deposit Funds into account 2000-90100-4316 Payments to Schools abate account 2000-90100-4316 Bright Futures Account 1000-90160-6710 Credit Bright Futures Trust Fund #7018 HOLD HARMLESS COLA ADJUSTMENT: BASE COLA $ 32, 713.46 $ 29, 731.98 $ 45,191.11 $ 40,405.39 Ault -Highland RE -9 Brigsdale RE -10 Prarie RE -11 Pawnee RE -12 COLA BASE 16.304% $ 38,047.06 16.304% $ 34,579.48 16.304% $ 52,559.07 16.304% $ 46,993.08 25% Allocation $ 4,669.57 $ 500,084.71 $ 484.58 $ 44.05 $ 881.05 $ 83,347.45 $ 87,840.81 $ 118,633.56 $ 357,001.98 $ 166, 650.85 $ 976,645.35 $ 47,488.66 $ 109,338.47 $ 44,625.25 $ 8,193.78 $ 8,414.04 $ 3,083.68 $ 2,517,427.85 ALLOCATION 75% County 25% Schools $ 10,069,711.40 $ 2,631,867.98 $ 2,402,987.72 COUNTY GENERAL FUND GRASSLAND SUPPLEMENT $ 26,385.70 44,145.03 43,909.40 $ 114,440.13 $ 7,552,283.55 $ 2,517,427.85 TOTAL $ 10,069,711.40 TOTAL $ 4,669.57 $ 500,084.71 $ 484.58 $ 44.05 $ 881.05 $ 83,347.45 $ 87,840.81 $ 118,633.56 $ 357,001.98 $ 166,650.85 $ 976,645.35 $ 47,488.66 $ 109,338.47 $ 44,625.25 $ 34,579.48 $ 52,559.07 $ 46,993.08 $ 2,631,867.98 County Road & Bridge Schools Grassland Supplement County General Fund Bright Futures TOTAL PERCENTAGE Net Bright Futures Net Schools Total HOLD HARMLESS AMOUNT 38,047.06 34,579.48 52,559.07 46,993.08 100E9711.4 $ 7,552,283.55 $ 2,517,427.85 $ 114,440.13 $ (2,517,427.85) $ 2,402,987.72 5034855.7 COUNTY $ 7,552,283.55 SCHOOLS/ EDUCATION $ 2,517,427.85 $ 114,440.13 $ (2,517,427.85) 0 $ 2,402,987.72 $ 10,069,711.40 $ 5,034,855.70 100% 50% $ 5,034,855.70 50% $ 2,421,790.87 $ 2,631,867.98 $ 5,053,658.85 Hello