15-910.04
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15-910.04. School district budgets; actual utility costs; adjustment; definitions A. For fiscal year 2009-2010, a school district may budget for actual utility costs by adjusting its revenue control limit by an amount computed as follows: 1. Determine the average amount that the school district expended for total utility costs in fiscal years 2006-2007 and 2007-2008. 2. Subtract from the amount determined in paragraph 1 of this subsection the amount expended for utilities as reported in the utility expenditures line in the maintenance and operation section of the school district's budget in fiscal year 2007-2008. 3. Multiply the amount determined in paragraph 2 of this subsection by 0.90. B. For fiscal year 2010-2011, a school district may budget for actual utility costs by adjusting its revenue control limit by an amount computed as follows: 1. Determine the average amount that the school district expended for total utility costs in fiscal years 2007-2008 and 2008-2009. 2. Subtract from the amount determined in paragraph 1 of this subsection the amount expended for utilities as reported in the utility expenditures line in the maintenance and operation section of the school district's budget in fiscal year 2008-2009. 3. Multiply the amount in paragraph 2 of this subsection by 0.90. C. For fiscal years 2011-2012 through 2020-2021, a school district may budget for actual utility costs by adjusting its revenue control limit by an amount computed as follows: 1. Determine the average amount expended for utilities for the two previous fiscal years as reported in the utility expenditures line in the maintenance and operation section of the school district's budget. 2. Subtract from the amount determined in paragraph 1 of this subsection the amount determined in subsection B, paragraph 2 of this section, increased by the total percentage increase in the revenue control limit from fiscal year 2008-2009 to the actual year utilized in the calculation as provided in this section. 3. Multiply the amount in paragraph 2 of this subsection by 0.90. D. The adjustment to the revenue control limit prescribed in this section shall not be included in the calculation of the maximum override amount pursuant to sections 15-481 and 15-482. E. For the purposes of this section: 1. "Actual utility costs" means operational costs for which a school district is billed by a service provider for electricity, gas, water, sanitation and telecommunications. 2. "Electricity" has the same meaning prescribed in section 30-801. 3. "Gas" has the same meaning prescribed in section 27-501. 4. "Telecommunications" means the transmission of information over telephone networks, the internet and cable and satellite television systems or other equivalent technology. |