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LCFFCalculatorUniversalAssumptions12/4/14KonoctiUnified1stInterim201415December2014
ProjectionTitle: 1stInterim201415December2014
2012132013142014152015162016171.57×0.85%2.19×2.14%12.00169574×29.56%20.68×25.48%11.75×28.05%20.68×25.48%Annual
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How to fill out lcff gap and cola
How to fill out lcff gap and cola
01
To fill out the LCFF Gap and COLA, follow these steps:
02
Determine the current LCFF gap by subtracting your district's current state funding from the amount required to fully fund your district.
03
Calculate the COLA rate by using the Department of Finance's COLA calculator or checking the latest data provided by the state.
04
Multiply the LCFF gap by the COLA rate to determine the COLA adjustment for your district.
05
Add the COLA adjustment to your district's current state funding to fill out the LCFF gap and COLA.
06
Review and double-check your calculations to ensure accuracy.
07
Submit the filled-out LCFF Gap and COLA form to the appropriate governing body or department.
Who needs lcff gap and cola?
01
School districts and educational institutions in California that are funded through the Local Control Funding Formula (LCFF) need LCFF Gap and COLA.
02
LCFF Gap and COLA helps these districts to fill the funding gap between their current state funding and the full funding required by the LCFF formula.
03
By filling out the LCFF Gap and COLA form, these districts can request for additional funds to bridge the gap and account for the Cost of Living Adjustment (COLA).
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