15-991

15-991. Annual estimate by county school
superintendent of monies for ensuing year

A. The county school superintendent, not later than August 1 each year, shall file
in writing with the governing board of each school district in the county, the board of
supervisors and the property tax oversight commission the superintendent's estimate of
the amount of school monies required by each school district for the ensuing year, based
on the budgets adopted by the governing boards of the school districts. The estimate
shall contain:

1. A statement of the student count of each school district.

2. The total amount to be received for the year by each school district from the
county school fund and the special county school reserve fund.

3. The projected ending cash balance from the previous year adjusted for
encumbrances and payables for each school district as provided by the school district and
as certified by the president of the school district governing board. A governing board
may delegate to a superintendent, head teacher or business manager the authority to
certify the projected cash balance.

4. The anticipated interest earnings for each school district.

5. Revenues equal to the amount included in the adopted budget for the maintenance
and operation section of the budget permitted by section 15-947, subsection C, paragraph
2, subdivision (a), items (ii), (iii), (iv), (v) and (vi) and subdivision (d). The
county school superintendent shall subtract from each school district's budgeted
expenditures the total amount of estimated revenues including the projected ending cash
balance from the previous year adjusted for encumbrances and payables in order to
estimate the additional amounts needed for each school district from the primary property
tax and the secondary property tax. The county school superintendent shall certify such
amounts to the board of supervisors and the property tax oversight commission in writing
at the time of filing the estimate. When estimating the additional amount needed from the
primary property tax for a school district that is not eligible for any equalization
assistance as provided in section 15-971, the county school superintendent shall include
the school district governing board's estimate of the increase in the revenue control
limit as prescribed by section 15-948 for the applicable year, except that the percentage
increase in average daily membership used to compute the estimated increase in the
revenue control limit may not exceed the average of the percentage increase in average
daily membership in the three years before the year for which the estimate is made.

B. The county school superintendent shall recompute equalization assistance for
education for each school district as provided in section 15-971, subsection A using the
property values provided by the county assessor as provided in section 42-17052. The
county school superintendent shall certify in writing the amount of equalization
assistance for education and the amount needed for each school district from the primary
property tax to the board of supervisors and the property tax oversight commission on or
before the third day prior to the day the board of supervisors is required to levy school
district taxes as provided in section 15-992.

C. The county school superintendent shall compute the additional amount to be
levied as provided in section 15-992, subsection B, using the property values provided in
section 42-17052. The county school superintendent shall certify in writing the
additional amount to be levied to the county board of supervisors and the property tax
oversight commission on or before the third day prior to the day the board of supervisors
is required to levy school district taxes as provided in section 15-992.

D. On or before September 1, the governing board of a school district shall file
with the county school superintendent an estimate of the amount of title VIII of the
elementary and secondary education act of 1965 monies it is eligible to receive during
the current year. On or before June 1, the governing board shall file with the county
school superintendent and the superintendent of public instruction a statement of the
actual amount of title VIII of the elementary and secondary education act of 1965 monies
it received during the current year. This subsection does not apply to accommodation
schools.

E. The department may collect any other similar or related information from school
districts that the department may determine is necessary to carry out the purposes of
this section.