School Finance Update April 2008

Cover School Finance Update April 2008
School Finance Update April 2008
Montana.Office of Public Instruction.School Budgeting And Accounting Division
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The payment must be deposited in the districts miscellaneous programs fund (Fund 15).
There are no time limits on when this payment must be spent.
For more information, contact Madalyn Quinlan at Madaiyn Quinlan or (406) 444-3168 FY2008-09 Indirect Cost Rate Applications Now Available Districts that plan to use indirect cost rates on FY2009 federal and state grant awards should submit a rate application to OPI by April 30, 2008. Information and forms are posted on the OPI website at links liste
...d below.
OPI must load approved rates into the E-G rants system before "opening" grant applications online in May. Late rate requests will be accepted, but the district may then need to submit one or more amended grant applications to be able to use the rates on projects in the coming year.
A district that is not a prime applicant (fiscal host) for a grantor does not wish to use an indirect cost rate in FY 2009 does not need to submit a rate request. A district that receives an approved rate may use it on some, none, or all of its grant applications (up to the maximum allowed by program regulations).


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