Montana Code 20-9-543. School flexibility fund — uses
20-9-543. School flexibility fund — uses. (1) The trustees of a district may establish a school flexibility fund and may use the fund, in their discretion, for school district expenditures incurred for:
Terms Used In Montana Code 20-9-543
- budgeted fund: means any fund for which a budget must be adopted in order to expend money from the fund. See Montana Code 20-9-201
- district: means the territory, regardless of county boundaries, organized under the provisions of this title to provide public educational services under the jurisdiction of the trustees prescribed by this title. See Montana Code 20-6-101
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- fund: means a separate detailed account of receipts and expenditures for a specific purpose as authorized by law or by the superintendent of public instruction under the provisions of subsection (2). See Montana Code 20-9-201
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- school: means an institution for the teaching of children that is established and maintained under the laws of the state of Montana at public expense. See Montana Code 20-6-501
- Trustees: means the governing board of a district. See Montana Code 20-1-101
(a)technological equipment enhancements and expansions considered by the trustees to support enhanced educational programs in the classroom;
(b)facility expansion and remodeling considered by the trustees to support the delivery of educational programs or the removal and replacement of obsolete facilities;
(c)supplies and materials considered by the trustees to support the delivery of enhanced educational programs;
(d)student assessment and evaluation;
(e)the development of curriculum materials;
(f)training for classroom staff considered by the trustees to support the delivery of enhanced educational programs;
(g)purchase, lease, or rental of real property that must be used to provide free or reduced price housing for classroom teachers;
(h)salaries, benefits, bonuses, and other incentives for the recruitment and retention of classroom teachers and other certified staff, subject to collective bargaining when applicable; or
(i)increases in energy costs caused by an increase in energy rates from the rates paid by the district in fiscal year 2001 or from increased use of energy as a result of the expansion of facilities, equipment, or other resources of the district.
(2)The financial administration of the school flexibility fund must be in accordance with the financial administration provisions of this title for a budgeted fund.