2012 Indiana Code
TITLE 20. EDUCATION
ARTICLE 43. STATE TUITION SUPPORT
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) 2011 for the purposes of determining the complexity index in 2012 and 2013; or
(B) the first year of operation of the school corporation.
(2) Determine the quotient of:
(A) in 2012:
(i) two thousand one hundred twenty-nine dollars ($2,129); divided by
(ii) four thousand two hundred eighty dollars ($4,280); and
(B) in 2013:
(i) two thousand one hundred ninety dollars ($2,190);

divided by
(ii) four thousand four hundred five dollars ($4,405).
(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 in 2012 is equal to or greater than at least one and twenty-eight hundredths (1.28) and applies if the STEP TWO result in 2013 is at least one and thirty-one hundredths (1.31). Determine the result of the following:
(1) In 2012, subtract one and twenty-eight hundredths (1.28) and in 2013, subtract one and thirty-one hundredths (1.31) 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; P.L.229-2011, SEC.208.

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 THREE of the following formula:
STEP ONE: The STEP ONE amount is:
(A) in 2012, four thousand two hundred eighty dollars ($4,280); and
(B) in 2013, four thousand four hundred five dollars ($4,405).
STEP TWO: Multiply the STEP ONE amount by the school corporation's complexity index.
STEP THREE: Determine the sum of the STEP TWO amount and the following:
(A) Zero dollars ($0), if the school corporation's current ADM is less than five hundred (500).
(B) One hundred fifty dollars ($150), if the school corporation's current ADM is at least five hundred (500) and is not more than one thousand (1,000).
(C) The result of one hundred fifty thousand dollars ($150,000) divided by the school corporation's current ADM, if the school corporation's current ADM is more than one thousand (1,000).
As added by P.L.2-2006, SEC.166. Amended by P.L.234-2007, SEC.244; P.L.182-2009(ss), SEC.334; P.L.229-2011, SEC.209.
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 TWO of the following formula:
STEP ONE: Determine the difference of:
(A) the school corporation's foundation amount; minus
(B) the lesser of:
(i) the school corporation's previous year revenue foundation amount; or
(ii) the result of the school corporation's foundation amount multiplied by one and two-tenths (1.2).
STEP TWO: A school corporation's STEP TWO 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 TWO 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 TWO 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 TWO 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 zero (0) or greater.
(ii) The amount determined under subsection (b), if the school corporation's STEP ONE amount is less than zero (0).
(b) For the purposes of STEP TWO (C)(ii) in subsection (a), determine the result of:
(1) the result determined for the school corporation under STEP ONE (B) of subsection (a); minus
(2) the result of:
(A) the absolute value of the STEP ONE amount; divided by
(B) seven (7) in 2012 and six (6) in 2013.
As added by P.L.2-2006, SEC.166. Amended by P.L.234-2007, SEC.245; P.L.182-2009(ss), SEC.336; P.L.229-2011, SEC.210.

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 current ADM.
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; P.L.229-2011, SEC.211.

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.

Disclaimer: These codes may not be the most recent version. Indiana may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.