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School Finance and District Support

Advisory for Payments from the FY19 Supplemental Budget

March 6, 2020

Later this month we will be processing payments from the recently enacted FY19 Supplemental Budget (Chapter 142 of the Acts of 2019). We will be making payments for Regional Transportation, Homeless Transportation and Circuit Breaker. This advisory will inform districts how to treat these payments.

Regional Transportation

Amounts received should be considered FY20 revenue. If Regional districts want to deposit these payments into an approved Regional School Transportation Reimbursement Fund, the local school committee must first vote to increase their budget and inform their member towns. As assessments will not change, if a member town does not hold a town meeting to disapprove the increase in 45 days, the budget amendment will be considered approved. Once that occurs, the school committee can then vote a deposit from the budget into the stabilization account. Because these revenues are considered FY20 receipts, if deposited into a reimbursement fund, they will roll forward and can only be used for FY21 transportation expenses.

Homeless Transportation

Amounts received should be considered FY20 revenue and should be deposited in the city/town/regional's General Fund.

Circuit Breaker

Amounts received should be considered FY20 revenue and should be deposited into the Special Education Reimbursement (Circuit Breaker) Fund. These funds will be treated like all other FY20 reimbursements and will roll forward and must be expended by June 30, 2021.

Last Updated: March 11, 2020

 
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