School Finance Update April May 2006

Cover School Finance Update April May 2006
School Finance Update April May 2006
Montana.Office of Public Instruction.School Budgeting And Accounting Division
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Applications for Anticipated ANB Increases Districts may be eligible for an increase in ANB for FY2006-07 if the anticipated enrollments exceed average current year enrollment counts by more than 6%. The deadline for submitting applications is J une 1, 2006. OPI must review actual enrollment in FY2006-07 to verify approved increases actually materialized.
For more information, contact Nica Carte , (406) 444-4401 or [email protected].
Time to Check Special Education Spending to Avoid "Reversion" N o
...w is a great time to review your district's special education expenditures in the general fund to ensure enough was spent to avoid "reversion".
Reversion means refunding state special education allowable cost funds back to the state if the district failed to spend an amount equal to the state funding plus the required $1 for $3 match. Verify the match for related services block grant was remitted to the cooperative as required under MCA 20-9-321, and if needed, consider sending additional funds to support the co-op's expenses.


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