Section 2735.APPENDIX A   Advance Payment Formula

a)         The formula abbreviations are as follows:

1)         ATA = Announced Term Awards

2)         ADV = Average Dollar Value of ATA

3)         CT = Current Term

4)         DA = Dollars Advanced

5)         FY = Fiscal Year

6)         PFY = Previous Fiscal Year

7)         RR = Retention Rate

8)         %AD = Percentage Advanced

b)         The advanced payment formula established at Section 2735.50 may be demonstrated as follows:

            [(ATA x RR) x %AD] x ADV = DA

c)         Sample Award History:

Five year average RR:  .49

CT ATA:  859

CT ADV:  $403.27

%AD:  .75

d)         Sample Calculation:

1)         [(859 x .31) x .75] x 403.27 = DA

2)         (266.29 x .75) x 403.27 =

3)         199.718 x 403.27 =

4)         DA = $80,540.28

(Source:  Amended at 22 Ill. Reg. 11149, effective July 1, 1998)