Vermont Statutes Title 16 Sec. 4030
Terms Used In Vermont Statutes Title 16 Sec. 4030
- 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.
- following: when used by way of reference to a section of the law shall mean the next preceding or following section. See
- School district: means a town school district, city school district, incorporated school district, the member school districts of an interstate school district, a union school district, a unified union district, or an unorganized town or gore. See
- Secretary: means the Secretary of Education. See
- State Board: means the State Board of Education established by chapter 3 of this title. See
§ 4030. Data submission; corrections
(a) Upon discovering an error or change in data submitted to the Secretary for the purpose of determining payments to or from the Education Fund, a school district shall report the error or change to the Secretary as soon as possible. Any budget deficit or surplus due to the error or change shall be carried forward to the following year.
[Subsection (b) effective until July 1, 2024; see also subsection (b) effective July 1, 2024 set out below.]
(b) The Secretary shall use data submitted on or before January 15 prior to the fiscal year that begins the following July 1, in order to calculate the amounts due each school district for any fiscal year for the following:
(1) transportation aid due under section 4016 of this title; and
(2) the small school support grant due under section 4015 of this title.
[Subsection (b) effective July 1, 2024; see also subsection (b) effective until July 1, 2024 set out above.]
(b) The Secretary shall use data submitted on or before January 15 prior to the fiscal year that begins the following July 1 in order to calculate the amounts due each school district for any fiscal year for transportation aid due under section 4016 of this title.
(c) The Secretary shall use data corrections regarding local education budget amounts submitted on or before June 15 prior to the fiscal year that begins the following July 1, in order to calculate the education payments due under section 4011 of this title. However, the Secretary may use data submitted after June 15 and prior to July 15 due to unusual or exceptional circumstances as determined by the Secretary.
[Subsection (d) effective until July 1, 2024; see also subsection (d) effective July 1, 2024 set out below.]
(d) The Secretary shall not use data corrected due to an error submitted following the deadlines to recalculate the equalized pupil ratio under subdivision 4001(3) of this title. The Secretary shall not adjust average daily membership counts if an error or change is reported more than three fiscal years following the date that the original data was due.
[Subsection (d) effective July 1, 2024; see also subsection (d) effective until July 1, 2024 set out above.]
(d) The Secretary shall not use data corrected due to an error submitted following the deadlines to recalculate weighted long-term membership under section 4010 of this title. The Secretary shall not adjust average daily membership counts if an error or change is reported more than three fiscal years following the date that the original data was due.
(e) The State Board may adopt rules as necessary to implement the provisions of this section. (Added 1999, No. 108 (Adj. Sess.), § 5, eff. May 10, 2000; amended 2003, No. 36, § 18; 2003, No. 68, § 27, eff. June 18, 2003; 2003, No. 107 (Adj. Sess.), § 13; 2011, No. 58, § 7; 2013, No. 92 (Adj. Sess.), § 245, eff. Feb. 14, 2014; 2021, No. 127 (Adj. Sess.), § 27, eff. July 1, 2024.)