We’ll automatically calculate the amount of your baseline funding and send it to you in your personalized application email. It’s based on data in ECE Reporter. You don’t need to calculate the amount yourself.
If you’re interested in the details, you can learn about the formula below.
Step 1: Add up the funds your program received for the last 2 fiscal years
This is the amount your program received (what we paid you) for used spaces through Child Day Care Contracts and School Readiness grants. Check your monthly reports that were submitted in ECE Reporter to find the number.
Then combine the funds for the last two fiscal years. Remember that fiscal years are different than calendar years.
- Fiscal Year (FY) 2023: July 1, 2022 through June 30, 2023
- Fiscal Year (FY) 2024: July 1, 2023 through June 30, 2024
That amount is your total funds earned.
| Example | $45,000 [total funds earned FY 2023] + $47,000 [total funds earned FY 2024] = $92,000 [total funds earned] |
Step 2: Add up the funds your program was eligible to receive for the last 2 fiscal years
Now, add up the amount that you were allocated (what you were eligible to receive based on the full number of spaces). You can check your contract or grant award to find the number. It might be higher than the amount you actually earned.
Do this for the last 2 years.
- Fiscal Year (FY) 2023: July 1, 2022 through June 30, 2023
- Fiscal Year (FY) 2024: July 1, 2023 through June 30, 2024
That is your total funds allocated.
| Example | $50,000 [total funds allocated FY 2023] + $50,000 [total funds allocated FY 2024] = $100,000 [total funds allocated] |
Step 3: Divide the total funds earned by the total funds allocated
This will give you a percentage that is your average utilization.
| Example | $92,000 [total funds earned] / $100,000 [total funds allocated] = 0.92 (92% average utilization) |
Step 4: Add a 4% bonus to your average utilization (up to 100%)
This will give you your final percentage. The final percentage cannot exceed 100%. The 4% bonus ensures programs are eligible for the same amount or more funding than they have been receiving the past 2 years..
| Example | 92% [average utilization] + 4% [bonus] = 96% [final percentage] |
Step 5: Get the funds your program is eligible to receive for fiscal year 2025
You can find this number in your contract or grant award.
- Fiscal Year 2025: July 1, 2024 through June 30, 2025
| Example | $100,000 [total funds allocated FY 2025] |
Step 6: Multiply your fiscal year 2025 contract number by your final percentage
This is your final estimate baseline funding amount.
| Example | $100,000 [total funds allocated FY 2025] x 0.96 (96%) [final percentage] = $96,000 |
We’re happy to help. Email us.