School Finance Update 2003 Jun/jul

Cover School Finance Update 2003 Jun/jul
School Finance Update 2003 Jun/jul
Montana.Office of Public Instruction.School Budgeting And Accounting Division
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Contact: Jim Oberembt at (406) 444-1257 or [email protected] .
Bus Mileage Rates for FY04 School Bus Capacity Rate Per Mile Non-bus Mileage $0.50 Up to 49 Passenger $0.95 50 - 59 Passenger $1.15 60 - 69 Passenger $1.36 70 - 79 Passenger $1.57 80 or more Passenger $1.80 Questions? Call Maxine Mougeot at (406) 444-3096 or mmouqeot(a)state.mt.us .
School Block Grants for FY 2003-04 As you do the budget for next year, remember the school block grants are as follows: 1) General Fund (01 ) will r
...eceive a school block grant payment that equals the average of FY02 receipts plus FY03 receipts, multiplied by 1.0076 (i.e., increased by 0.76%). MAEFAIRS will prefill the payment amount.
2) Transportation Fund (10 ) will receive HALF of the average of FY02 receipts plus FY03 receipts, multiplied by 1 .0076 (i.e., increased by 0.76%). The other half is helping fund the increases in bus mileage rates.
MAEFAIRS will prefill the payment amounts.
3) Technology Fund (28) and Flexibility Fund (29) currently receive no school block grant, and still will receive none.


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