<div dir="auto">Do you have a link to the spreadsheet used to calculate this?</div><div dir="auto"><br></div><div dir="auto">Thank you!</div><div dir="auto"><br></div><div dir="auto">Joy</div><div><br><div class="gmail_quote"><div dir="ltr" class="gmail_attr">On Wed, Apr 3, 2024 at 9:32 AM Gravelle, Paula B <<a href="mailto:Paula.B.Gravelle@maine.gov">Paula.B.Gravelle@maine.gov</a>> wrote:<br></div><blockquote class="gmail_quote" style="margin:0px 0px 0px 0.8ex;border-left-width:1px;border-left-style:solid;padding-left:1ex;border-left-color:rgb(204,204,204)">
<div lang="EN-US" link="blue" vlink="purple" style="overflow-wrap: break-word;">
<div class="m_-3451785441588310584WordSection1">
<p class="MsoNormal"><span style="font-size:11pt">Hello All,<u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:11pt"><u></u> <u></u></span></p>
<p class="MsoNormal"><span style="font-size:11pt">We have been receiving many questions about the current percentage allowed for unallocated balance forward’s for school administrative unit’s given the recent changes in statute. Hopefully the information
below will help clarify some of those questions.<u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:11pt"><u></u> <u></u></span></p>
<p class="MsoNormal"><span style="font-size:11pt">As always, we recommend you seek guidance from either legal counsel and/or your auditor.<u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:11pt"><u></u> <u></u></span></p>
<p class="MsoNormal"><span style="font-size:11pt">Here is a copy of the specific statute:
</span><span style="font-size:11pt;font-family:Calibri,sans-serif"><a href="https://www.mainelegislature.org/legis/statutes/20-A/title20-Asec15689-B.html" target="_blank" style="font-family:Calibri,sans-serif"><span style="font-family:Calibri,sans-serif;color:rgb(5,99,193)">Statue is 20-A 15689-B, 6.</span></a></span><span style="font-size:11pt"><u></u><u></u></span></p>
<p class="MsoNormal"><u></u> <u></u></p>
<p class="MsoNormal" style="text-align:justify;text-indent:24pt;background-color:rgb(231,244,255)">
<b><span style="font-family:"Times New Roman",serif;letter-spacing:-0.4pt;color:black">6. Balance of allocations. </span></b><span style="font-family:"Times New Roman",serif;letter-spacing:-0.4pt;color:black">Notwithstanding any other law, general operating
fund balances at the end of a school administrative unit's fiscal year must be carried forward to meet the unit's needs in the next year or over a period not to exceed 3 years. Unallocated balances in excess of 5% of the previous fiscal year's school budget
must be used to reduce the state and local share of the total allocation for the purpose of computing state subsidy. School boards may carry forward unallocated balances in excess of 5% of the previous year's school budget and disburse these funds in the next
year or over a period not to exceed 3 years. For fiscal years 2021-22, 2022-23, 2023-24 and 2024-25 only, unallocated balances in excess of 9% of the previous fiscal year's school budget must be used to reduce the state and local share of the total allocation
for the purpose of computing state subsidy and school boards may carry forward unallocated balances in excess of 9% of the previous fiscal year's school budget and disburse these funds in the next year or over a period not to exceed 3 years. </span><u></u><u></u></p>
<p class="MsoNormal"><span style="font-size:10pt;font-family:"Courier New";letter-spacing:-0.4pt;background-color:rgb(231,244,255);color:black">[PL 2021, c. 213, §1 (AMD).]</span><u></u><u></u></p>
<p class="MsoNormal"><b><span style="font-size:11pt"><u></u> <u></u></span></b></p>
<p class="MsoNormal"><span style="font-size:11pt">FY 2020-21 = May carry forward Unallocated Balance up to 5% of previous fiscal year’s school budget<u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:11pt">FY 2021-22 = May carry forward Unallocated Balance up to 9% of previous fiscal year’s school budget<u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:11pt">FY 2022-23 = May carry forward Unallocated Balance up to 9% of previous fiscal year’s school budget<u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:11pt">FY 2023-24 = May carry forward Unallocated Balance up to 9% of previous fiscal year’s school budget<u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:11pt">FY 2024-25 = May carry forward Unallocated Balance up to 9% of previous fiscal year’s school budget<u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:11pt">FY 2025-26 onward = May carry forward Unallocated Balance up to 5% of previous fiscal year’s school budget<u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:11pt"><u></u> <u></u></span></p>
<p class="MsoNormal"><span style="font-size:11pt">I hope this helps.<u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:11pt"><u></u> <u></u></span></p>
<p class="MsoNormal"><span style="font-size:11pt">Sincerely,<u></u><u></u></span></p>
<div>
<p class="MsoNormal">________________________________________<span style="font-size:11pt"><br>
<br>
</span><b>Paula Gravelle</b><span style="font-size:11pt"><br>
</span>Director of School Finance <span style="font-size:11pt"><br>
</span>Maine Department of Education<span style="font-size:11pt"><br>
</span>23 State House Station<span style="font-size:11pt"><br>
</span>Augusta, Maine 04333-0023<span style="font-size:11pt"><br>
</span><b>Email: </b><a href="mailto:paula.b.gravelle@maine.gov" target="_blank"><span style="color:rgb(0,112,192)">paula.b.gravelle@maine.gov</span></a>
<span style="font-size:11pt"><br>
</span><b>Phone</b>: 207-624-6792<u></u><u></u></p>
<p class="MsoNormal"><span style="font-size:11pt"><a href="http://www.maine.gov/doe" target="_blank"><span style="font-size:12pt;color:rgb(0,112,192)">Maine DOE</span></a></span> |
<span style="font-size:11pt"><a href="https://www.facebook.com/MaineDepartmentofEducation1/" target="_blank"><span style="font-size:12pt;color:rgb(0,112,192)">Facebook</span></a></span> |
<span style="font-size:11pt"><a href="https://twitter.com/mdoenews" target="_blank"><span style="font-size:12pt;color:rgb(0,112,192)">Twitter</span></a></span> |
<span style="font-size:11pt"><a href="https://www.instagram.com/mainedepted/?hl=en" target="_blank"><span style="font-size:12pt;color:rgb(0,112,192)">Instagram</span></a></span> |
<span style="font-size:11pt"><a href="https://mainedoenews.net/" target="_blank"><span style="font-size:12pt;color:rgb(0,112,192)">Maine DOE Newsroom</span><span style="text-decoration:none;color:windowtext"><br>
</span></a></span><u></u><u></u></p>
<p class="MsoNormal"><span style="font-size:11pt"><img border="0" src="cid:ii_18ea4a5a59b4cd34f0f1" style="width:400px;max-width:100%"></span><u></u><u></u></p>
</div>
<div>
<div>
<div>
<div>
<div>
<div>
<div>
<div>
<p class="MsoNormal"><u></u> <u></u></p>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
_______________________________________________<br>
SchoolFinance mailing list<br>
<a href="mailto:SchoolFinance@maillist.informe.org" target="_blank">SchoolFinance@maillist.informe.org</a><br>
<a href="http://maillist.informe.org/mailman/listinfo/schoolfinance" rel="noreferrer" target="_blank">http://maillist.informe.org/mailman/listinfo/schoolfinance</a></blockquote></div></div>
<br>
This email is from M.S.A.D. #42