Municipal Appropriation Requirement Calculation


FY2015 STATE AID TO PUBLIC LIBRARIES PROGRAM


The Municipal Appropriation Requirement (MAR) for each award year is computed using figures for the three prior fiscal years. For each of those three years that a municipality received a State Aid to Public Libraries award, the figure used will be either the MAR or Total Appropriated Municipal Income (TAMI), whichever is higher. If the municipality was not certified for State Aid to Public Libraries in any year, the actual TAMI for that year will be used.

For the FY2015 grant round:

The FY2012 figure will be either the FY2012 MAR or the FY2012 TAMI, whichever is higher. If the municipality was not certified for State Aid to Public Libraries in FY2012, the actual final FY2012 TAMI will be used.

The FY2013 figure will be either the FY2013 MAR or the FY2013 TAMI, whichever is higher. If the municipality was not certified for State Aid to Public Libraries in FY2013, the actual final FY2013 TAMI will be used.

The FY2014 figure will be either the FY2014 MAR or the FY2014 TAMI, whichever is higher. If the municipality was not certified for State Aid to Public Libraries in FY2014, the actual final FY2014 TAMI will be used.




FY2015 Municipal Appropriation Requirement Calculation:

(FY2012 + FY2013 + FY2014) / 3 = average of three years

average x 1.025 = FY2014 MAR (average of three years plus 2.5 %)

 

Initial Approval of Policy: August 8, 1991

FY2015 Approval Date: October 4, 2012

State Aid Policies are approved annually

 

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Page last updated on 10/11/2012