(1) The department shall allocate funds to each participating and nonparticipating district for the treatment or placement of youth based on the adolescent population of each district for fiscal year 2002.

(2) Beginning in fiscal year 2002, the cost containment review panel shall determine the allocation formula for juvenile placement funds by April 30 for each subsequent fiscal year. The allocation formula may use, but is not limited to, number of at risk youth in each district, crime statistics, per capita income averages, percentage of youth placed in state youth correctional facilities, referrals, probation officer case loads, poverty level index, and district placement history.

(3) The department may not allocate less than $1 million to the cost containment fund each fiscal year from the juvenile placement fund.

(a) The department shall allocate $1 million to the cost containment fund for fiscal year 2002.

(b) The department, after reviewing recommendations from the cost containment review panel, shall determine any allocation beyond the statutory minimum to the cost containment fund for fiscal year 2003 and all subsequent fiscal years. The additional allocation amount shall be determined by April 30th of the preceding fiscal year.