(1) After receiving the certified county retirement levies, the State Superintendent of Public Instruction will determine the amount of retirement fund GTBA a qualifying county will receive in FY 20XX+1 using the following calculations:

(a) statewide mill value per ANB - county mill value per ANB = "A"

(b) "A" times county elementary or high school 20XX+1 budgeted ANB = "B"

(c) "B" times certified elementary or high school FY 20XX+1 county retirement fund mills levied = dollar amount of 20XX+1 GTBA a county will receive in support of the elementary or high school county retirement fund.