water-department employees who process water bills. A determination of these costs is necessary to analyze the total cost of service delivery. Federal law that makes available a free appropriate public education to eligible children with disabilities throughout the nation and ensures special education and related services to those children. The federal government provides formula grants (passed through state Departments of Education to school districts) for meeting the excess costs of providing special education and related services to children with disabilities. Provided with the same budget amount as was given the previous year The interest payable, expressed as a percentage of the principal available, for use during a specified period of time. It is always expressed in annual terms. A budget that stratifies spending into categories of greater detail, such as supplies, equipment, maintenance, or salaries, as opposed to a program budget. The reallocation of a budget appropriation between two line items within an expenditure category (e.g., salaries, expenses). Employed as a management tool, line-item transfer authority allows department heads to move money where a need arises for a similar purpose without altering the bottom line. Whether or not line-item transfers are permitted depends on how the budget is presented (i.e., its format) and what level of budget detail town meeting approves. Revenue allocated by the state to cities, towns, and regional school districts. Estimates of local aid are transmitted to cities, towns, and districts annually by the Cherry Sheets. Most Cherry Sheet aid programs are considered general fund revenues and may be spent for any purpose, subject to appropriation. Locally generated revenues other than real and personal property taxes. Examples include motor vehicle excise, investment income, hotel/motel tax, fees, rentals, and charges. Payments rendered to staff members for reaching specific years of service. Minimum years of service required to receive these payments is dependent upon staff Unit, their union, and Collective Bargaining Agreement
Individuals with Disabilities in Education Act (IDEA)
Level Funded
Interest Rate
Line-item Budget
Line-item Transfer
Local Aid
Local Receipts
Longevity
-312-
Made with FlippingBook interactive PDF creator