How does a district show on the worksheet their need to borrow due to the delayed restricted aid payment recorded in the special revenue fund (Preschool Education Aid)?
A – The Preschool program must be included in the amounts recorded on the cash flow worksheet. The cash balance in any preschool cash account should be recorded on line 1b. Preschool Education Aid should be recorded on line 7 with the general fund state aids. Any other revenues received for the preschool program should be recorded on line 12a. Expenses for preschool should be recorded on line 18b. The Executive County Superintendent may request any additional support (e.g. specific fund 20 program cash balances, receipts/payables) as needed. The restricted PEA payment must be recorded on line 7. Q16 What specific revenue payments should be listed on lines 7, 8 and 9 of the cash flow worksheet? A – Line 7 should include all of the district’s general fund SFRA state aid payments, plus the SFRA state aid payment for Preschool Education Aid. Line 8 should include all other state payments. Line 9 should be used for unrestricted federal revenues included in the general fund, such as Impact A
Related Questions
- How does a district show on the worksheet their need to borrow due to the delayed restricted aid payment recorded in the special revenue fund (Preschool Education Aid)?
- Does IUSD have the choice to operate as a Basic Aid district, or can it remain under the Revenue Limit formula?
- When will the delayed state aid payment be made and what maturity date should be used on the short term loan?
