School Finance Update 2002 Oct

Cover School Finance Update 2002 Oct
School Finance Update 2002 Oct
Montana.Office of Public Instruction.School Budgeting And Accounting Division
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Both expenditures are recorded in the SDFS grant, indicated by the use of the 001 pro- ject reporter code.
f. Report all expenditures on the close-out re- ports for the SDFS grant.
For a one-page example, look under the "Ac- counting" tab under School Finance on the OPI website: http://www.opi.state.mt.us/schoolfmance/acct.ht ml.
If you need further information on accounting for the transferability provisions, contact Jim Oberembt at (406) 444-1257 or [email protected] .
Bid Requirements -
...Q&A Here are the most common questions asked about bid laws: What types of school district projects/purchases must be bid out?
MCA 20-9-204 requires trustees to take bids when- ever the estimated cost of any building, furnishing, repairing or other work for the district OR supplies purchased for the district exceeds the sum of $25,000 (as of October 1, 2001 due to legislative change). If an emergency defined under 20-3-322(5) causes unfore- seen needs of the district, trustees may avoid bid re- quirements.


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