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.
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FY 2008 Funding Calculations for Spending Affordability and Maintenance of Effort
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FY 2003 Funding Calculations for Spending Affordability and Maintenance of Effort
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FY 2001 Funding Calculations for Spending Affordability and Maintenance of Effort
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FY 2000 Funding Calculations for Spending Affordability and Maintenance of Effort
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FY 2008 Funding Calculations for Spending |
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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: |
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| 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 |
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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 |
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| 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: |
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| 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 |
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Tax Supported Spending Affordability Budget (excluding grants and enterprise funds) |
| (dollars in millions) | Budget Request FY 2001 |
Increase Over FY 2000 |
Base FY 2000 |
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| 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: |
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| 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 |
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Tax Supported Spending Affordability Budget (excluding grants and enterprise funds) |
| (dollars in millions) | Budget Request FY 2001 |
Increase Over FY 2000 |
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| TOTAL BUDGET (tax-supported) |
$1,081.80 | $77.3 | ||||
| REVENUE Non-Local Funds: |
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| 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 |
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Tax Supported Spending Affordability Budget (excluding grants and enterprise funds) |
| (dollars in millions) | Budget Request FY 2000 |
Increase Over FY 1999 |
Base FY 1999 |
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| 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: |
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| 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 | |||||
Updated February 6, 2007 | Maintained by Web Services
