COMMISSIONER QUE TUCKER STATEMENT ON CAPS FORMULA AND DISTRIBUTION
“The NCHSAA Board of Directors moved to allot $4 million Board-Designated funds as a one-time subsidy for our member schools to try and ease the financial burden of the COVID-19 pandemic on athletic programs. This was the largest one-time expenditure in the history of the NCHSAA and the Board of Directors is to be commended for their bold and focused leadership to make the COVID-19 Athletic Program Subsidy (CAPS) initiative a reality.”
COVID-19 ATHLETIC PROGRAM SUBSIDY (CAPS) INITIATIVE FORMULA AND DISTRIBUTION
CAPS distributions were made to NCHSAA member schools in two separate payments during the 2020-2021 fiscal year. The first payment went to all member schools regardless of the number of athletic teams they fielded in 2020-2021. It was determined using 2020-2021 Membership Dues and each school’s 2020-2021 ISP% data. $2 million of the $4 million allotted was used to calculate each school’s Membership Dues Adjusted Base.
The total amount of membership dues for all schools was subtracted from $2 million. The remaining amount was divided evenly among all schools to create the Constant. This constant was then multiplied by each school’s ISP Multiplier ([ISP%/100]+1). The resulting number was then added to each school’s Membership Dues amount, resulting in the total amount distributed as Membership Dues Adjusted Base.
The total of the Membership Dues Adjusted Base for all member schools (which equated to more than the beginning $2 million figure) was subtracted from $4 million and the remaining balance was used to calculate Sports Shares. The Sports Shares were calculated using data in the 2020-2021 eligibility summary reports submitted to the NCHSAA office. Each varsity team fielded by a school was equal to one share. Each junior varsity team fielded was equal to one-half share. Cheerleading was counted as one share and was only eligible for a single share. Indoor track was not counted since it was not offered in 2020-2021.
The total number of shares was equal to the shares tallied together for all member schools. The remaining balance of the $4 million was divided by the total number of shares to create a per Share Dollar Value. The Share Dollar Value was multiplied by each school’s respective number of shares to create the Sports Shares for each member school.