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:
Terms Used In New Mexico Statutes 22-8-12.1
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
(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.