Federal revenue definition

Federal revenue. , as used in this section, means receipts to the school district or state-chartered charter school, excluding amounts that, if taken into account in the computation of the state equalization guarantee distribution, result, under federal law or regulations, in a reduction in or elimination of federal school funding otherwise receivable by the school district, derived from the following:
Federal revenue. All federal funds used to purchase the asset • Prior Period Accumulated Depreciation: This field is calculated by the system and shows how much the asset has depreciated between the time it was placed into service until the current fiscal year • Depreciation for Reporting Period: This field is calculated by the system and shows how much the asset has depreciated during the current reporting period. This is the amount that is included in the school district’s Certified Public Expenditures. The amount is calculated as follows: Costs ÷ Years of useful life = Depreciation for the Current Period Costs are prorated according to when the asset was placed into and, if applicable, out of service by month. The source of these costs will be audited Chart of Accounts data kept at the school district level. The Chart of Accounts is uniform throughout the state of Missouri. Costs will be reported on a cash or accrual basis, depending on the school district. When deciding how to report transportation costs, school districts must determine the level of financial detail available for transportation. Useful documentation includes: general ledger entries, price order forms, receipts, payroll sheets, and depreciation schedules. School districts should only report costs for the sections for which they have sufficient documentation and detail. If a school district cannot isolate costs relevant to a particular section, it should not complete that section. When school districts are not able to discretely identify the specialized transportation cost from the general education transportation costs, specialized transportation cost discounting methodology will be applied. A ratio will be established and applied to the total transportation cost of the school district. This rate will be based on the total IEP students receiving specialized transportation divided by total students receiving transportation. The numerator is the total IEP students receiving specialized transportation. The denominator is the total students receiving transportation. The result of the school district Transportation Costs for each of the categories listed above multiplied by this ratio will be included on the cost report. This cost will be further discounted by the second ratio of Medicaid eligible IEP one-way trips billed divided by the total number of IEP one-way trips provided. The process will ensure that only one-way trips for Medicaid eligible children with IEP’s are billed and reimbursed under the Medi...
Federal revenue means revenue derived

Examples of Federal revenue in a sentence

  • Federal revenue is recorded in the year in which the related expenditure is made.

  • The Provider Agency shall recognize and agree that both the initial provision of funding and the continuation of such funding under the Contract is expressly dependent upon the availability to the Department of funds appropriated by the State Legislature from State and/or Federal revenue or such other funding sources as may be applicable.


More Definitions of Federal revenue

Federal revenue means seventy-five
Federal revenue. , as used in this section, means receipts to the school district or state-chartered charter school,
Federal revenue means seventy-five percent of
Federal revenue. , as used in this section, means receipts to the school district or state-chartered charter school, excluding amounts that, if taken into account
Federal revenue. , as used in this section, means receipts to the school district, excluding amounts that, if taken into account in the computation of the state equalization guarantee distribution, result, under federal law or regulations, in a reduction in or elimination of federal school funding otherwise receivable by the school district, derived from the following: (1) seventy-five percent of the school district's share of forest reserve funds distributed in
Federal revenue means seventy-five percent of the revenue derived from:
Federal revenue. , as used in this section, means receipts to the school district, excluding amounts that, if taken into account in the computation of the state