The Summary of the Annual Statistical Report of Schools (SASRS) report provides Local Education Agencies (LEAs) and other interested parties the data submitted to the National Center for Education Statistics (NCES) by the Agency of Education. Consequently, data in SASRS are organized according to federal definitions. NCES uses this information to identify issues and trends in school finance, to assess the condition of school finance in each state and for making comparisons among states. Data submitted to NCES are also used to determine state allocations for some federal programs. Highlighted findings for this year's report include: (1) 341 Public Local Education Agencies (including 15 technical centers), submitted the FY16 Annual Statistical Report of Schools; (2) Total public school revenues are $2,044,339,149 but this amount includes $320,024,898 in inter-district receipts for tuition, assessments, transportation and other services. Unduplicated public school revenues are $1,724,314,251; (3) There is a reported $1,496,700,230 in total public education PK-12 current expenditures. This represents an increase in spending of $25.1 million (1.7%) from the previous year's spending level. The Federal definition of Current Expenditures excludes community service and adult education program costs, capital outlay and equipment expenditures and principal and interest payments on long-term debt; (4) The FY16 statewide average Current Expenditure per Student in Membership is $18,615, a 5% increase from FY15. This change over prior year reflects an increase in overall Current Expenditures of 1.7% and a decrease in student FTEs of almost 3%. This figure is based on the "federal" definition of Current Expense, which incorporates special education and transportation expenditures in the definition. The student count is calculated by combining the number of Attendances and Absences for each Public School and dividing by the number of Session Days the school was officially in session. Students attending less than full-time are pro-rated into full-time equivalent (FTE) totals. [For the FY2015 report, see ED592075].