MDE title

2001 Annual Report


Receipts for Public Schools*
1999-2000

 
Source of State Funds        
  Homestead Exemption $32,887,010    
  Severance Tax 1,967,762    
  Chickasaw Funds 14,441,394    
  Drivers Education 1,933,608    
  Minimum Program & Per Capita 1,152,465,866    
  School Ad Valorem Tax Reduction 48,635,677    
  Education Enhancement Fund 150,628,091    
  MAEP 57,679,180    
  Educational Technology Enhancement 113,853    
  Textbook 5,324,092    
  Vocational & Technical Education 31,405,446    
  Public School Building Fund 15,474,135    
  Adult Education 223,527    
  Child Nutrition 1,326,370    
  Uniform Millage Assistance 21,452,079    
  Educable Children 544,622    
  Education Reform Act 848    
  Other 25,393,724    
TOTAL STATE FUNDS     $1,561,897,282 55.68%
         
Source of Federal Funds        
  Unrestricted Grants in Aid Direct from Fed. $37,118    
  Wildlife Refuge 168,945    
  E-Rate 7,939,221    
  Unrestricted Grants in Aid from Fed. thru State 2,060    
  Flood Control 110,749    
  Mineral Leases 322    
  Restricted Grants in Aid Direct from Fed. 128,068    
  Impact Aid Const. PL 81-815 0    
  Impact Aid Maint & Oper. PL 81-874 3,835,435    
  Goals 2000 5,776,672    
  Chapter 1 127,286,032    
  Chapter 2 18,295,383    
  Social Services 64,528    
  Education Handicapped Act (EHA 94-142) 39,781,366    
  Adult Education 892,762    
  Vocational & Technical Education 9,612,155    
  Drug Free 5,221,294    
  Technology Literacy Challenge 1,829,172    
  Child Nutrition 137,089,161    
  Economic Security 3,365,188    
  JPTA 1,180,093    
  TVA 3,492,102    
  National Forest 4,194,186    
  Other 18,665,545    
TOTAL FEDERAL SOURCES     388,967,555 13.87%
         
Source of Local Funds        
  Ad Valorem Taxes $551,846,645    
  Tuition 7,974,144    
  Transportation Fees 1,373,492    
  Earnings on Investments 30,600,410    
  Food Service 44,461,051    
  Student Activity 39,429,295    
  Community Service 46,075    
  Other Revenue from Local Sources 51,080,197    
  Intermediate Sources 315,781    
  Operational Sixteenth Section 33,293,381    
  Bond & Interest Funds Receipts 93,646,150    
TOTAL LOCAL REVENUE     854,066,621 30.45%
         
TOTAL REVENUE RECEIPTS     2,804,931,458 100.00
         
Nonrevenue Receipts        
  Sale of Bonds $44,326,646    
  Sale of Assets 3,790,702    
  Insurance Loss Recovery 5,962,163    
  Loans 19,441,025    
  Inception of Capital Leases 8,552,692    
TOTAL NONREVENUE
RECEIPTS		     82,073,229  
         
TOTAL REVENUE
& NONREVENUE RECEIPTS		     2,887,004,687  

*Based on Financial Accounting Manual for MS Schools, Rev. 7/1/89.
NOTE: State level administrative costs are not included in totals.


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