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BESE allocates earnings from the Louisiana Education Quality Trust Fund - 8(g) on a yearly basis for the enhancement of elementary and secondary education. The annual program and budget for the allocation of 8(g) funds is developed in compliance with activities delineated in the 8(g) Policies and Procedures Manual (Title 28: Bulletin 921) and according to the 8(g) Strategic Long Range Plan. Projects are selected and the budget is weighted based on conformity to the education purposes set forth in the Constitution. The emphasis is reflected in the method of allocation selected: competitive projects, block grants, and statewide projects. Administrative costs associated with managing the funds are limited to 3% of the average amount of actual expenditures for the most recent three previous fiscal years.
BESE and the 8(g) Staff oversees all activities for the three grant programs - the 8(g) Competitive Grant Program, the 8(g) Student Enhancement Block Grant Program, and the 8(g) Statewide Grant Program - and operates within three fiscal years. During the current year of project implementation, the BESE 8(g) Office begins building the annual program and budget for the upcoming fiscal year and oversees the fiscal monitoring (audits) of projects implemented in the previous fiscal year.
When building the 8(g) Annual Program and Budget, BESE follows a set process. Each year, the 8(g) Committee, part of the BESE Standing Committees, holds a public hearing to receive input from the public-at-large for the expenditure of Support Fund proceeds for elementary and secondary education. The 8(g) Advisory Council, comprised of educators and administrators from all levels as well as representatives of business, labor, the Parent Teacher Association, and the Legislature, meets to review the minutes from the public hearing and to recommend priorities to the Board. BESE requests statewide project budget projections for review and analysis by Board staff and receives the 8(g) Annual Report of prior year projects, including evaluation results and expenditures, to determine cost effectiveness and project impact.
The Constitution and Statutory Law provide that BESE must annually submit the program and budget to the Legislature and the Governor at least 60 days prior to the regular session. Each year, the Joint House and Senate Education Committee holds a public hearing to review the proposed program and budget.
BESE's overall Louisiana Education Quality Trust Fund - 8(g) allocation for 2011-2012 totals $21,968,600. As compared to the previous year's funding, the overall allocation decreased by $16,031,400 due to declining interest income and royalties. BESE approved the 2011-2012 Program and Budget on February 17, 2011.
BESE's overall Louisiana Education Quality Trust Fund - 8(g) allocation for 2010-2011 totals $38,000,000. As compared to the previous year's funding, the overall allocation decreased by $4,000,000. BESE approved the 2010-2011 Program and Budget on January 21, 2010. BESE revised the 2010-2011 Program and Budget on April 15, 2010, October 21, 2010 and December 9, 2010.
BESE's overall Louisiana Education Quality Trust Fund - 8(g) allocation for 2009-2010 totals $42,000,000. As compared to the previous year's funding, the overall allocation increased by $1,000,000. BESE approved the 2009-2010 Program and Budget on January 15, 2009.