Maine § 20-A §1485 Cost center summary budget format

Maine Statutes

§ 20-A §1485 — Cost center summary budget format

Maine·Title 20-A EDUCATION·Part 2 SCHOOL ORGANIZATION·Ch. 103-A REGIONAL SCHOOL UNITS

After January 31, 2008, the format of the annual budget of a regional school unit must be in accordance with this section.

1.Cost center summary budget format. The regional school unit budget must consist of the following cost centers and supporting data: 1-A. Instructional expenditures transition; annual targets. Each school administrative unit shall meet the annual targets for the direct instruction percentage share of total General Fund expenditures as follows:

2.Budget warrant. The warrant articles presented to the legislative body of the regional school unit for approval of the regional school unit budget must correspond to the categories of the cost center summary budget described in subsection 1. In addition to expenditure and revenue cost center summary totals, the regional schoo

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After January 31, 2008, the format of the annual budget of a regional school unit must be in accordance with this section.
1.
Cost center summary budget format.
The regional school unit budget must consist of the following cost centers and supporting data:
1-A.
Instructional expenditures transition; annual targets.
Each school administrative unit shall meet the annual targets for the direct instruction percentage share of total General Fund expenditures as follows:
2.
Budget warrant.
The warrant articles presented to the legislative body of the regional school unit for approval of the regional school unit budget must correspond to the categories of the cost center summary budget described in subsection 1. In addition to expenditure and revenue cost center summary totals, the regional school unit board shall provide to voters a reasonably detailed breakdown for each major subcategory within each budget category. The department shall adopt routine technical rules pursuant to Title 5, chapter 375, subchapter 2-A defining and establishing the content of those informational subcategories.
3.
Budget approval.
A regional school unit's cost center summary budget must be approved at a regional school unit budget meeting and by a budget validation referendum as provided in section 1486.
4.
Transfer between budget cost center lines.
During the year for which the budget is approved using the cost center summary budget format, the regional school unit board may transfer an amount not exceeding 5% of the total appropriation for any cost center to another cost center or among other cost centers without voter approval.
5.
Additional state subsidy.
The warrant presented to the legislative body of the regional school unit at a regional school unit budget meeting may include an article or articles providing that, in the event that the regional school unit receives more state education subsidy than the amount included in its budget, the regional school unit board is authorized to use all or part of the additional subsidy to: