Montgomery County Public Schools, Rockville, MD

FY 2008 Funding Calculations for Spending Affordability and Maintenance of Effort

This chart shows how much is designated for FY 2008 for MCPS based on the spending affordability guidelines set by the County Council in December 2006, and the required local effort under the state Maintenance of Effort requirement. The Council set the spending affordability guidelines at the maintenance of effort level, but included an additional $16.1 million to fund retiree health benefits as required by the Governmental Accounting Standards Board (GASB) in Statement 45. As a result there is a difference of $50.8 million between the Council allocation and the superintendent’s recommendation for FY 2008.

FY 2008 Funding Calculations for Spending
Affordability and Maintenance of Effort

Tax Supported Spending Affordability Budget (excluding grants and enterprise funds)

 

(dollars in millions) Budget Request FY 2008 Increase Over FY 2007 Summary Budget Base FY 2007 Superintendent FY 08 Summary FY 07 Change
SPENDING AFFORDABILITY * (excluding grants & funds)
TOTAL BUDGET REQUEST $1,854.7 $130.3 $1,724.4 1,854,680,061 1,724,404,964 130,275,097
MCPS Spending Affordability Guideline 1,803.9 79.5 1,724.4 1,803,900,000 1,724,404,964 79,495,036
DIFFERENCE ($50.8)     (50,780,061)    
MAINTENANCE OF EFFORT
TOTAL BUDGET $1,854.7 $130.3 $1,724.4 1,854,680,061 1,724,404,964 130,275,097
REVENUE
Non-Local Funds:
           
    State Aid 408.6 74.2 334.4 408,559,760 334,375,368 74,184,392
    Other Revenue 5.5 0.2 5.3 5,511,604 5,303,809 207,795
Local Funding Effort Required 1,440.6 55.9 1,384.7 1,440,608,697 1,384,725,787 55,882,910
Maintenance of Effort Requirement 1,373.7 (11.0) 1,384.7 1,373,706,668 1,384,725,787 (11,019,119)
DIFFERENCE ($66.9)     (66,902,029)    
             
Note: County Council action, Deccember 12, 2006. SAG guideline includes OPEB funding of $16.1 million.

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FY 2003 Funding Calculations for Spending
Affordability and Maintenance of Effort

Tax Supported Spending Affordability Budget (excluding grants and enterprise funds)

 

(dollars in millions) Budget Request
FY 2003
Increase Over
FY 2002
Summary Budget Base
FY 2002
BOE Budget
FY 2003
 
SPENDING AFFORDABILITY * (excluding grants & funds)
TOTAL BUDGET REQUEST $1,259.4 $59.8 $1,199.6 $1,259,363,676    
MCPS Spending Affordability Guideline $1,231.2 $31.6 $1,199.6      
DIFFERENCE ($28.2)          
MAINTENANCE OF EFFORT
TOTAL BUDGET $1,259.4 $59.8 $1199.6      
REVENUE
Non-Local Funds:
           
    State Aid $176.9 $9.9 $167.0      
    Other Revenue $3.1 $0.3 $2.8      
Local Funding Effort Required $1,079.4 $49.6 $1,029.8      
Maintenance of Effort Requirement $1,051.2 $21.4 $1,029.8      
DIFFERENCE $28.2          
             
Note: Spending Affordability calculation assumes allocation at maintenance of effort level

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FY 2001 Funding Calculations for Spending
Affordability and Maintenance of Effort

Tax Supported Spending Affordability Budget (excluding grants and enterprise funds)

 

(dollars in millions) Budget Request
FY 2001
Increase Over
FY 2000
Base
FY 2000
 
SPENDING AFFORDABILITY * (excluding grants & funds)
TOTAL BUDGET REQUEST $1,110.5 $106.0 $1,004.5      
MCPS Spending Affordability Guideline $1,054.7 $50.2 $1,004.5      
DIFFERENCE ($55.8)          
MAINTENANCE OF EFFORT
TOTAL BUDGET $1,110.5 $106.0 $1004.5      
REVENUE
Non-Local Funds:
           
    State Aid $139.3 $9.5 $129.8      
    Other Revenue $3.3 $0.6 $2.7      
Local Funding Effort Required $967.9 $95.9 $1,029.8      
Maintenance of Effort Requirement $884.1 $53.2 $830.9      
DIFFERENCE $83.8          
             
Note: Spending Affordability calculation assumes allocation at maintenance of effort level

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FY 2001 Funding Calculations for Maintenance of Effort
Affordability and Maintenance of Effort

Tax Supported Spending Affordability Budget (excluding grants and enterprise funds)

 

(dollars in millions) Budget Request
FY 2001
Increase Over
FY 2000
 
TOTAL BUDGET
(tax-supported)
$1,081.80 $77.3        
REVENUE
Non-Local Funds:
           
    State Aid $140.0 $10.2        
    Other Revenue $2.6 ($1.0)        
Local Funding Effort Required $939.2 $60.7        
Maintenance of Effort Requirement $884.1 $51.0        
DIFFERENCE $55.1          
             
Note: Spending Affordability calculation assumes allocation at maintenance of effort level

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FY 2000 Funding Calculations for Spending
Affordability and Maintenance of Effort

Tax Supported Spending Affordability Budget (excluding grants and enterprise funds)

 

(dollars in millions) Budget Request
FY 2000
Increase Over
FY 1999
Base
FY 1999
 
SPENDING AFFORDABILITY
TOTAL BUDGET REQUEST $993.8 $48.6 $945.2      
MCPS Spending Affordability Guideline $961.3 $16.1 $945.2      
DIFFERENCE $32.5          
MAINTENANCE OF EFFORT
TOTAL BUDGET $993.8 $48.6 $945.2      
REVENUE
Non-Local Funds:
           
    State Aid $127.4 $4.7 $122.7      
    Other Revenue $2.7 $0.4 $2.3      
Local Funding Effort Required $863.7 $43.5        
Maintenance of Effort Requirement $830.9 $45.1        
DIFFERENCE $32.8          
             

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Updated February 6, 2007 | Maintained by Web Services