School Budget Bureau

Responsibilities of the School Budget

Review, analyze, and approve all school district and charter school operating budgets.
Calculate and monitor the distribution and use of over $4.1 billion in State Equalization Guarantee (SEG) funding.
- Collect and analyze projected and actual student membership.
- Collect and analyze information related to Teacher Cost Index and licensed employees certified through the National Board for Professional Teaching Standards.
On a quarterly basis, review school district and charter school actual revenues, expenditures, and cash reports.
Review Emergency Supplemental Awards and Out-of-State Tuition Awards.
School district or charter school Board of Finance suspensions.
Provides technical support and training for school district and charter school business personnel.
Helps develop the public-school support appropriation recommendation in relation to SEG.
Federal Report NPEFS
Federal Report F33
Federal Report SLFS
Mill levy setting for Capital Outlay and Debt Service Funds
Updating of the NM UCoA in OBMS
Calculating Rural Population Index for SEG purposes
Calculating Energy Efficiency Credits for SEG purposes
Updating Entity Data in OBMS (for example UEI)
Updating PED email lists for Superintendents/Charter Representatives and School Business Officials.
Creating Bond Certification Certificates to issue GO Bonds or ETNs and other miscellaneous tasks.