Final Maintenance and Operating Budget Sample Clauses

Final Maintenance and Operating Budget. The Committee shall on or before March 1 in each year adopt an annual maintenance and operating budget for the next fiscal year, said budget to include debt and interest charges and any other current capital costs as separate items, and shall apportion the amounts necessary to be raised in order to meet the said budget in accordance with the provisions of subsections IV(E) and IV(F) and with the provisions of sub-section IV(G), provided however, that the Committee shall adopt said annual maintenance and operating budget for the next fiscal year not later than forty-five days prior to the earliest date on which the business session of the annual town meeting of any member town is to be held, but not later than March 1, and further provided that said annual maintenance and operating budget need not be adopted prior to January 18. The amounts so apportioned for each member town shall, within twenty days from the date on which the annual budget is adopted by the regional school district committee, and not later than March 10, be certified by the District treasurer to the treasurers of the member towns.

Final Maintenance and Operating Budget. Following the public hearing on the tentative budget, the Committee may modify its proposed budget as it may deem necessary or desirable. The Committee shall adopt an annual maintenance and operating budget by a two-thirds vote of all of its members for the ensuing fiscal year (M.G.L. c. 71, § 16B) not later than forty-five days before the earliest date on which the business session of the annual town meeting in any Member Town is to be held, (M.G.L. c. 71 § 16 (m)) but in no event later than a date required by applicable Massachusetts laws and regulations, provided that said budget need not be adopted earlier than February 1. Said annual maintenance and operating budget shall include capital and debt costs, transportation costs, and adjusted operating costs, and the Committee shall apportion the amounts necessary to be raised to meet the said budget in accordance with the provisions of Sections IVA, IVB, and IVC. The amounts so apportioned to each Member Town shall be certified by the District Treasurer to the treasurers of the Member Towns within thirty days from the date the Committee adopts the annual maintenance and operating budget. Each Member Town shall call a vote at the next annual town meeting to appropriate the amounts so certified to it. The District budget, as adopted by a vote of the Committee, is subject to both Member Towns voting to approve the budget (MGL Ch 71, § 16B). If the Member Towns do not approve a budget, the District shall follow the process to approve a final budget as stated in M.G.L. Chapter 71, Section 16B, as amended. The District shall provide transportation to and from school to enrolled K-12 students following Massachusetts General Law and Committee policy. Students aged three, four and five enrolled in the integrated early childhood program who are identified as requiring early intervention services shall be eligible for District provided transportation services.

Final Maintenance and Operating Budget. The Committee shall on or before December 1 in each year adopt an annual maintenance and operating budget for the ensuing calendar year, said budget to include debt and interest charges and any other current capital costs as separate items, and shall apportion the amounts necessary to be raised in order to meet the said budget in accordance with the provisions of subsections IV (D) and IV (E). The amounts so apportioned for each member town shall, prior to December 31 of each year preceding the calendar year to which said budget relates, be certified by the district treasurer to the treasurers of the member towns, and each town shall, at its next annual town meeting, appropriate the amounts so certified to it.

Final Maintenance and Operating Budget. The Committee shall in each year adopt an annual operating and maintenance budget for the fiscal year next following not later than forty-five days before the earliest date on which the business session of the annual town meeting of any Member Town is to be held, but in no event later than March 31, provided that the budget need not be adopted earlier than February 1. The budget shall include debt and interest charges and any other current capital costs as separate items, and shall apportion the amounts necessary to be raised by the Member Towns in order to meet the said budget in accordance with the provisions of subsections IV (D) and IV(E). The amounts so apportioned to each Member Town shall, promptly after the annual budget is adopted by the Committee, but in no event later than April 30, be certified by the District treasurer to the treasurers of the Member Towns. (Replace with DESE recommended language)

Final Maintenance and Operating Budget. The Committee shall in each year adopt an annual operating and maintenance budget for the fiscal year next following not later than forty-five days before the earliest date on which the business session of the annual town meeting of any Member Town is to be held, but in no event later than March 31, provided that the budget need not be adopted earlier than February 1. The budget shall include debt and interest charges and any other current capital costs as separate items, and shall apportion the amounts necessary to be raised by the Member Towns in order to meet the said budget in accordance with the provisions of subsections IV (D) and IV(E).? The amounts so apportioned to each Member Town shall, promptly after the annual budget is adopted by the Committee, but in no event later than April 30, be certified by the District treasurer to the treasurers of the Member Towns. (Replace with DESE recommended language) IF used , align language with apportionment cost categories. “Maintenance Budget?” should be Capital?

Final Maintenance and Operating Budget. Following the public hearing on the tentative budget, the Committee may make any such modifications to its tentative budget as it may deem necessary or desirable. The Committee shall adopt an annual maintenance and operating budget for the ensuing fiscal year not later than forty-five days prior to the earliest date on which the business session of the annual town meeting in any member town is to be held, but in no event later than a date required by applicable Massachusetts Laws and Regulations, provided that said budget need not be adopted earlier than February 1. Said annual maintenance and operating budget shall include debt and interest and any other capital costs, and the said Committee shall apportion the amounts necessary to be raised in order to meet the said budget in accordance with the provisions of Subsection V, B. The amounts so apportioned to each member town shall be certified by the District Treasurer to the treasurers of the member towns within thirty days from the date on which the annual maintenance and operating budget is adopted by the Committee, and each member town shall call a vote, at the next annual town meeting, to appropriate the amounts so certified to it. The District budget, as adopted by two-thirds (2/3) of the Committee, shall require the approval of both member towns. If a budget is not approved by the member towns, the District shall follow the process to approve a final budget as stated in M.G.L. Chapter 71, Section 16B, as amended. Section V

Final Maintenance and Operating Budget i. The Board shall on or before March 1 in each year adopt an annual maintenance and operating budget for the next fiscal year by a majority vote of the Board members present, and shall apportion the amounts necessary to be raised in order to meet the said budget in accordance with the provisions of subsection V(F), provided however, that the Board shall adopt said annual maintenance and operating budget for the next fiscal year not later than forty-five days prior to the earliest date on which the business session of the annual town meeting of any member town is to be held, but not later than March 1. ii. Copies of such final budget shall be mailed to the town administrator and finance committee of such town.

Final Maintenance and Operating Budget. The Committee shall, by a two-thirds (2/3) vote of the full Committee, in each year adopt an annual maintenance and operating budget for the ensuing fiscal year not later than forty-five days prior to the earliest date on which the business section of the annual town meeting of any member town is to be held, but in no event later than March 31, provided that said budget need not be adopted earlier than February 1. Said annual maintenance and operating budget shall also include debt and interest charges and any other current capital costs and the said Committee shall apportion the amounts necessary to be raised in order to meet the said budget in accordance with the provisions of subsection IV. The amounts so apportioned for each member town shall be certified by the District treasurer to the treasurers of such member town thirty