Operating Capital funds can be used for repair and betterment of facilities, acquisition of land, purchase or lease of equipment, and purchase of books.

• The facilities component of the formula generates per pupil revenue plus a weighting for the average age of the district’s buildings.
  
  
• The equipment component is based on per pupil unit. In addition, a district with a learning year program receives an additional per pupil amount at the site where the program is in place.

Operating Capital revenue is equalized.

Additional Resources

October 2007 - School facilities needs estimated at $4.6 billion - In their most recent report card of American infrastructure, the American Society of Civil Engineers gave the nation’s bridges a “C” grade, noting that the cost of eliminating bridge deficiencies is $9.4 billion per year for the coming 20 years. The same report awarded U.S. schools a “D” grade, noting that deferred maintenance in our schools nationwide has been estimated as high as $268 billion, AMSD Connections (page 2).