Presentation on theme: "K-12 State Revenue & Funding Presented to MASBO Veteran Clerks Workshop September 12, 2014 By Nancy Hall Governor’s Office of Budget & Program Planning."— Presentation transcript:
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
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
School Facility & Technology Fund Revenue sources 18m board feet of timber Riverbed leases Expenditures Technology Payment Facility Reimbursement Payments Quality Schools Grant Program State Revenue