How is mandatory local match calculated on the OWPA?
For federal sources requiring an 11.47% local match, the total amount of each federal source is divided by .8853. The resultant amount is then multiplied by .1147. The product is the mandatory local match. This calculation applies to FHWA PL, FTA §5303, and FTA § 5313(b). For FHWA State Planning and Research – Partnership Planning Element, which requires a 20% local match, the amount of this grant is divided by .80. The resultant amount is then multiplied by .20. The product is the mandatory local match. Some work elements may include more local money than the mandatory local match, i.e., more than the minimum amount of local contribution. This is sometimes referred to as “over match.” If there is overmatch in any work elements, the total of local money shown in the OWP may be more than the “mandatory” local match. However, only the mandatory (i.e., minimum)local match amount will be listed on the OWPA.
Related Questions
- What happens if, under the new formula, the calculated local share is LESS than the district is currently raising through school property taxes?
- What happens if, under the new formula, the calculated local share is MORE than the district is currently raising through school property taxes?
- What happens if, under the new formula, the calculated local share is LESS than the district is currently raising through school property taxes?
- What happens if, under the new formula, the calculated local share is MORE than the district is currently raising through school property taxes?
- What does the TRIMs Agreement provide for (mandatory) local content requirements?
- How is mandatory local match calculated on the OWPA?
