Understanding Montana School Finance And School District Budgets 2005

Cover Understanding Montana School Finance And School District Budgets 2005
Understanding Montana School Finance And School District Budgets 2005
Montana.Office of Public Instruction
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A: School districts receive revenues from other sources in addition to those levied on property. Some examples are: Interest earnings Rental of buildings and equipment Summer school revenues School Block Grant Coal gross proceeds tax Property tax reimbursements Montana oil and gas tax Tuition Q: Are school districts required to budget non-levy revenue sources?
A: The law says that districts must budget the same amount of non- levy revenue as actually received in the previous year. Exceptions re
...quire that coal gross proceeds tax, property tax reimbursements and Montana oil and gas tax must instead be estimated using infor- mation provided by the state.
Q: What is the Over-BASE budget?
A: If a district adopts a budget over the BASE (minimum) budget, that amount of budget is called the Over-BASE budget. The Over-BASE budget of an equalized district would be, at most, the amount of bud- get between the BASE and Maximum. That difference would be equal to 20% of the basic entitlement, 20% of the per-ANB entitlement and between 35% and 60% of the state special education funding.


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