How is fund expenditure treated in the SWP school?
A school that consolidates funds from different federal programs in a SWP is not required to maintain separate accounting records of the specific activities supported by those particular funds. The school is required only to maintain records that show that the SWP as a whole addresses the intent and purposes of each of the federal programs whose funds were consolidated to support the SWP. The school must ensure that the needs of the program participants are addressed. The school must meet the requirements of all consolidated programs in regard to health, safety, civil rights, student and parental participation, services to students of private schools, comparability of services, and maintenance of effort and use of federal funds to supplement, not supplant, non-federal funds.
Related Questions
- I understand that we started the 2008-09 school year with a fund balance in excess of $18.3 million. Why can’t that money be used to increase salaries, add more teachers, or cover revenue deficits?
- We pay high taxes to fund a large school budget. Why is there a need for MSF to ask for donations as well?
- What is the St. Joseph School Annual Fund?
