Section 22-8-12.1 - Membership projections and budget requests. - New Mexico Statutes

22-8-12.1. Membership projections and budget requests. 

A.     Each local school board or governing body of a state-chartered charter school shall submit annually, on or before October 15, to the department: 

(1)     an estimate for the succeeding fiscal year of: 

(a)     the membership of qualified students to be enrolled in the basic program; 

(b)     the full-time-equivalent membership of students to be enrolled in approved early childhood education programs; and 

(c)     the membership of students to be enrolled in approved special education programs; 

(2)     all other information necessary to calculate program costs; and 

(3)     any other information related to the financial needs of the school district or state-chartered charter school as may be requested by the department.  

B.     All information requested pursuant to Subsection A of this section shall be submitted on forms prescribed and furnished by the department and shall comply with the department's rules and procedures.  

C.     The department shall: 

(1)     review the financial needs of each school district or state-chartered charter school for the succeeding fiscal year; and 

(2)     submit annually, on or before November 30, to the secretary of finance and administration the recommendations of the department for: 

(a)     amendments to the public school finance formula; 

(b)     appropriations for the succeeding fiscal year to the public school fund for inclusion in the executive budget document; and 

(c)     appropriations for the succeeding fiscal year for pupil transportation and instructional materials.