How does the LEA/school calculate funds expended in a schoolwide program for IASA/CSR grant reporting purposes?
A. On June 30, each individual school operating a schoolwide program allocates the total expenditures incurred during the year to the various state, federal and local funding sources, which were blended in its school-based budget (Fund 15) and reports the amount of unexpended school-based budget funds by funding source to the LEA. This allocation is explained in detail and a sample school district calculation, as well as sample statements, are included in the Abbott Addendum to The Audit Program for Reporting Whole School Reform Activities in First Cohort Schools 1999 2000. Once this allocation is performed, the deferred revenue can be calculated. Deferred revenue is calculated as the total revenue received for a particular funding source minus the total expenditures allocated to that funding source. The LEA places the funds in a deferred revenue account on June 30 and reallocates the federal funds back to the schools on July 1 in the amounts that were originally deferred. The LEA blen
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- How does the LEA/school calculate funds expended in a schoolwide program for IASA/CSR grant reporting purposes?
