Can the ARRA Incentive Funds be used for financial assistance for students?
The American Recovery and Reinvestment Act (ARRA) Government Services Fund (GSF) can be used for financial aid, including scholarships and Graduate Assistantships. Since the ARRA funds are from the U.S. Department of Education, does the receipt of these funds need to be reported on a community college’s Schedule of Expenditures of Federal Awards as a pass-through from the Coordinating Board and using the CFDA# 84-397. Of course this would apply to the college’s 2010 external audit. Yes, the award will be on the Schedule of Expenditures of Federal Awards for FY 2010, using CFDA # 84-397. Why is the Comptroller’s Office requesting us to use Recurring Transaction Index (RTI)? Generally RTI’s are used for funds held in the state treasury. My understanding has been that when we request reimbursement from the Coordinating Board for ARRA funds we would receive a local check or ACH. This change is very significant – is the COORDINATING BOARD changing ARRA funds to funds held in the state treas
Related Questions
- What are our shared responsibilities for ensuring that all funds under the ARRA are used for authorized purposes and instances of fraud, waste, and abuse are prevented?
- May Title I funds be used to benefit non-Title I schools that receive students transferring from Title I schools identified for improvement?
- Can IDEA Part B ARRA funds be used to purchase vehicles to transport students with special needs?
