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K-12 State Revenue & Funding Presented to MASBO Veteran Clerks Workshop September 12, 2014 By Nancy Hall Governor’s Office of Budget & Program Planning. K-12 State Revenue. Guarantee Account State General Fund School Facility & Technology Fund. State Revenue. Guarantee Account. - PowerPoint PPT Presentation
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K-12
State Revenue & Funding
Presented to MASBOVeteran Clerks Workshop
September 12, 2014
ByNancy Hall
Governor’s Office of Budget & Program Planning
K-12 State Revenue
$ Guarantee Account
$ State General Fund
$ School Facility & Technology Fund
Guarantee Account
State Revenue
Guarantee Account 20-9-622, MCA
state special revenue fund
Intent: to statutorily appropriate for distribution to school districts through school equalization aid
State Revenue
K-12 State Revenue
Guarantee Account
17-2-108. Expenditure of nongeneral fund money first. . . . an office or entity of the executive, legislative, or judicial branch of state government shall apply expenditures against appropriated nongeneral fund money whenever possible before using general fund appropriations.
Guarantee Account
SB 175 – Excess interest & income revenue
(a) 50% must be reserved for an appropriation in the next regular legislative session as part of the natural resource development K-12 funding payment
(b) 50% must be distributed to schools on a per-quality-educator basis
State Revenue
Guarantee Account
SB 175 – Excess interest and income revenue
NONE in the next three years
$48 million per year from state lands revenues
State Revenue
StateGeneral Fund
State Revenue
General Fund
40 mills – 20-9-360 – State equalization aid levy
33 mills – 20-9-331 – Elementary equalization
22 mills – 20-9-333 – High school equalization
State Revenue
School Facility &
Technology
State Revenue
School Facility & Technology Fund
Revenue sources18m board feet of timberRiverbed leases
ExpendituresTechnology PaymentFacility Reimbursement PaymentsQuality Schools Grant Program
State Revenue
K-12 Funding
BASE Aid
Basic & Per ANB Entitlements
Quality Educator PaymentIndian Education for All PaymentAmerican Indian Achievement Gap Payment
*At-risk Student Payment
K-12 Funding
BASE AidSB175
Data for Achievement Payment
Basic Entitlement increasesInflation
K-12 Funding
How do we calculate?
School funding model
Shared by OPI, LFD, and OBPP
For creating fiscal notes during session
K-12 Funding
K-12 Funding
Reading a fiscal note
K-12 Funding
Reading a fiscal note
Reading a fiscal note
Reading a fiscal note
Reading a fiscal note
Questions?