R277-485-2. Definitions

  (1) "ADM" means average daily membership derived from end-of-year data.

  (2) "Carryforward balance" means the unobligated amount of MSP basic program education funds from the previous fiscal year.

  (3) "Historical Mean ADM" means the mean of the two highest ADMs in the three years preceding the prior year.

  (4) "Local Effort" means the prior year sum of tax rates imposed by the local school board.

  (5) "Lost ADM" means the difference between prior year ADM and Historical Mean ADM.

  (6) "Mid-year update" means the annual Minimum School Program allocation report prepared by the Superintendent by January 1 annually.

  (7) "Minimum School Program" or "MSP" means the state supported Minimum School Program as defined in Title 53F, Chapter 2.

  (8) "Weighted Pupil Unit" or "WPU" means the unit of measure of factors that is computed in accordance with the MSP for the purpose of determining the costs of a program on a uniform basis for each district.