MRF BASICS PART TWO: THE CALCULATION

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MRF BASICS PART TWO THE CALCULATION

• 2005 Administrative Officers Meeting
• Greensboro, North Carolina
• April 26, 2005

PRESENTER JANET DOWNEY STAFF ACCOUNTANT,
OVERSIGHT SECTION POLICY, OVERSIGHT, AND FUNDS
MANAGEMENT BRANCH
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Data Input for MRF Calculation

• Regional and Inter-regional project totals are
  received and approved by CSREES from the Regional
  Directors
• Total for NRSP-1 (CRIS) is included in the
  approval process
• Budget signed by the President
• Program allocation value from the CSREES Budget
  Office

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MRF Calculation- Part 1
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Compute Current Year MRF Base Raw (col D)

• For Indiana 910,699 (IN prev year amt)
  (C)
• 40,884,715 (prev year MRF total)
• .022274806 ( share of total) (I)
• X 40,785,628 (current MRF total)
• 908,492 (IN current year amt)

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MRF Calculation Part II
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of MRF Base (col I)

• For Georgia 961,821 (GA base normalized) (F)
• 40,785,630 (Total MRF Base normalized)
• . 023582350 (current year of MRF
  normalized Base total) (I)

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MRF Calculation Part III
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Inter-regional Trust Cost Raw (col J)

• For Kentucky
• 1,386,543 Inter-regional Trust sum (col G)
• 267,549 CRIS costs (NRSP-1)
• 1,654,092 Grand total Inter-regional
• X.021392118 ( MRF base for KY in col I)
• 35,385 (Inter-regional Trust Cost Raw
  in col J)

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REGIONAL TRUST COST RAW (COL M)

• For Washington
• 937,677 MRF base for the state
  Normalized (F)
• X 395,956 Sum of the Western Region Off
  the Top ()
• 371,278,834,212 Product
• 9,533,000 Sum of the MRF base-Western Reg
  ()
• 38, 947 Regional Trust Cost for WA
  (M)
• See handout-ott regional total in column H
• See handout regional totals in column F

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MRF Calculation Part IV
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MRF TARGET BASE (COL P)

• For Indiana
• 908,492 MRF base for IN normalized (F)
• 36,845 Interregional Trust Cost - IN
  normalized (L)
• 46,561 Regional Trust Cost for IN
  normalized (O) 825,806 MRF Target Base for IN

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MRF TARGET VALUE (Col Q)

• For Indiana
• 825,086 MRF Target Base for IN (P)
• 0 Interregional Off the Top (G)
• 0 Regional Off the Top (H)
• 825,086 Target Value for IN (Q)

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MRF TARGET VALUE (COL Q)

• For Washington
• 860,702 MRF Target Base for WA (P)
• 247,786 Interregional project for WA (G)
• 350,956 Regional project for WA (H)
• 1,459,444 MRF Target Value for WA (Q)

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MATCHING REQUIREMENT

• For Georgia
• 961,821 MRF base normalized (F)
• 6,309 Share of CRIS (267,549 x
  .02358235)
• 955,512 Matching requirement for GA
• factor from column I

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MRF Calendar

• June 1, 2005 Request for tentative national and
  regional trust fund budgets for FY 2006
• June 2005 Final Certification of Offset,
  Certification Regarding Lobbying, and Primary
  Contact Person form for FY 2005 due
• July 1, 2005 Request for Final MRF budgets for
  FY 2005
• July 22, 2005 - Tentative national and regional
  trust fund budget requests due for FY 2006
• August 1, 2005 - Request for estimates on MRF
  project expenditures to LGIs for FY 2006
• August 1, 2005 Request for Interim
  Certification of Offset for FY 2006
• August 29, 2005 Final MRF project budgets due
  for FY 2005
• September 15, 2005 Interim Certification of
  Offset due for FY 2006
• September 23, 2005 - MRF project budget estimates
  due for FY 2006
• December 19, 2005 Approval letters sent for
  NRSPs for FY 2006
• December 31, 2005 SF-269, Financial Status
  Report due for FY 2005
• February 2006 Submit national and regional
  budget requests for
• FY 2007 to the Lead Advisor of Regional
  Association prior to the spring meeting
• April 1, 2006 Annual Report due for FY 2005

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MRF Financial Contact

• Janet Downey
• Staff Accountant, Oversight Section
• Policy, Oversight, and Funds Management Branch
• CSREES, USDA
• 800 9th St. SW
• Washington, DC 20024
• [phone] (voice)
• [phone] (fax)
• jdowney_at_csrees.usda.gov