Receipts for Public Schools
1996-1997 
Source of State Funds         
  Homestead Exemption  $31,857,964     
  Severance Tax  3,645,683     
  Chickasaw Funds  7,865,013     
  Drivers Education  1,463,626     
  Minimum Program & Per Capita  960,933,900     
  School Ad Valorem Tax Reduction  40,164,020     
  Education Enhancement Fund  121,452,953     
  Educational Technology Enhancement  3,620,164     
  Textbook  6,112,428     
  Vocational & Technical Education  24,528,919     
  Public School Building Fund  12,727,709     
  Adult Education  43,520     
  Child Nutrition  1,218,259     
  Uniform Millage Assistance  21,340,191     
  Educable Children  231,220     
  Education Reform Act  12,776     
  Other  15,986,479     
TOTAL STATE FUNDS      $1,253,204,824  54.90% 
         
Source of Federal Funds         
  Unrestricted Grants in Aid Direct from Fed.  $208,269     
  Wildlife Refuge  108,107     
  Unrestricted Grants in Aid from Fed. thru State  75,776     
  Flood Control  85,558     
  Mineral Leases  248     
  Restricted Grants in Aid Direct from Fed.  133,168     
  Impact Aid Const. PL 81-815     
  Impact Aid Maint & Oper. PL 81-874  2,600,771     
  Goals 2000  4,493,134     
  Chapter 1  121,517,337     
  Chapter 2  2,534,533     
  Social Services  34,229     
  Education Handicapped Act (EHA 94-142)  27,586,923     
  Adult Education  945,348     
  Vocational & Technical Education  5,095,292     
  Drug Free  4,467,945     
  Child Nutrition  127,172,481     
  Economic Security  2,812,123     
  JPTA  1,640,958     
  TVA  3,159,722     
  National Forest  4,327,546     
  Other  6,126,069     
TOTAL FEDERAL SOURCES      $315,125,537  13.81% 
         
Source of Local Funds         
  Ad Valorem Taxes  $449,421,952     
  Tuition  7,998,155     
  Transportation Fees  1,189,074     
  Earnings on Investments  20,508,779     
  Food Service  38,738,609     
  Student Activity  34,588,574     
  Community Service  50,929     
  Other Revenue from Local Sources  26,522,157     
  Intermediate Sources  1,334,865     
  Operational Sixteenth Section  50,732,669     
  Bond & Interest Funds Receipts  83,126,519     
TOTAL LOCAL REVENUE      714,212,282  31.29% 
         
TOTAL REVENUE RECEIPTS      2,282,542,643  100.00 
         
Nonrevenue Receipts         
  Sale of Bonds  $63,295,042     
  Sale of Assets  5,189,738     
  Insurance Loss Recovery  3,330,896     
  Loans  34,645,374     
  Inception of Capital Leases  5,143,731     
TOTAL NONREVENUE RECEIPTS      111,604,781   
         
TOTAL REVENUE & NONREVENUE RECEIPTS      2,394,147,424   
*Based on Financial Accounting Manual for MS Schools, Rev. 7/1/98
NOTE: State level administrative costs are not included in totals.

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