10.10.309    DISTRIBUTION AND REAPPROPRIATION OF COUNTYWIDE FUNDS

(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.

History: 20-9-102, MCA; IMP, 20-9-213, MCA; NEW, 1990 MAR p. 717, Eff. 4/13/90; AMD, 1990 MAR p. 2275, Eff. 12/28/90; AMD, 1992 MAR p. 209, Eff. 2/14/92; AMD, 1994 MAR p. 1824, Eff. 7/8/94; AMD, 2002 MAR p. 1740, Eff. 6/28/02; AMD, 2004 MAR p. 1613, Eff. 7/23/04.