Investor Presentaiton

INTRASTATE FUNDING FORMULA DESCRIPTION OF FORMULA FACTORS Population 60+ Population 60+ in Rural Jurisdictions This factor is the basis for the distribution of funds by jurisdiction (county and city) of older Virginians. It reflects the proportion of persons age 60 and older throughout the Commonwealth by jurisdiction. This factor addresses the geographical isolation faced by older Virginians who live in the rural areas. DARS defines "rural" as 1) any jurisdiction (city or county) not within a Metropolitan Statistical Area (MSA), or 2) any juris- diction within an MSA but which has a population density of 50 persons or less per square mile. An MSA is calculated by the U.S. Census Bureau and is updated in the for- mula when the census population data is updated. Square mileage by juris- diction is obtained from the U.S. Census Bureau and is updated in the for- mula when the decennial census population data is updated. The determination of rural or urban is reassessed when the population numbers are updated or when the U.S. Census Bureau updates land area. Population 60+ Minority in Poverty This factor addresses the special needs of older racial and ethnic minorities in Virginia as well as the economic needs of this group. Medically Underserved Area Section 362 of the Older Americans Act of 1965, as amended, requires states to give priority to areas that are medically underserved. DARS ap- plies a medically underserved factor to Title III-D, Disease Prevention and Health Promotion Services. The U.S. Department of Health and Human Services, Health Resource and Services Administration (HRSA), maintains the Medically Underserved Ar- eas/Populations. These areas or populations designated by HRSA have too few primary care providers, high infant mortality, high poverty or a high el- derly population. A base of $2,000 per AAA has been established whether or not any portion of the AAA is medically underserved. Next, medically underserved is deter- mined for each jurisdiction. DARS updates this factor when the population data is updated. If any portion in whole or part is medically underserved, the entire jurisdiction is included in the funding allocation. 77 4

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