Administrative Rules of Montana
Department 10 - EDUCATION
Chapter 10.10 - SPECIAL ACCOUNTING PRACTICES
Subchapter 10.10.3 - Special Accounting Practices
Rule 10.10.309 - DISTRIBUTION AND REAPPROPRIATION OF COUNTYWIDE FUNDS

Universal Citation: MT Admin Rules 10.10.309

Current through Register Vol. 18, September 20, 2024

(1) The county superintendent of schools shall distribute the cash balance in the countywide retirement fund to district and cooperative funds on a monthly basis in the proportion each district's or cooperative's net requirement bears to the total of all net district and cooperative requirements. Net requirement is defined as the total district or cooperative retirement budget less estimated revenues.

(2) The cash balance in the county transportation fund must be distributed as provided in 20-10-146, MCA.

(3) The cash balance in the elementary and high school countywide retirement and transportation funds at fiscal year end must be reappropriated in the following fiscal year once distributions to school districts for the current and prior years are 100% of the total net district requirements.

20-9-102, MCA; IMP, 20-9-213, MCA;

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