How is the 70% non-Federal share calculated?
States must provide at least 70 percent of the total approved cost of the project. The total approved cost of the project is the sum of the ACF (Federal) share and the non-Federal share. For example, in order to meet the match requirements, a project requesting $500,000, in ACF (Federal) funds must provide a non-Federal share of the approved total project cost of at least $1,167,000, which is 70 percent of total approved project cost of $1,667,000.
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?
- How is the 70% non-Federal share calculated?
