Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

There are two questions defaulted to “yes” on the “Update Data” screen regarding 1) deductible receipts and 2) the use of grant funds. What are these about?

0
Posted

There are two questions defaulted to “yes” on the “Update Data” screen regarding 1) deductible receipts and 2) the use of grant funds. What are these about?

0

Most districts will have “No” as the responses to these questions and should change the “yes” default to “no” by right clicking the mouse pointer on the “No” button. Question 1 (Deductible Receipts) will only be answered “yes” if your district has offsetting “deductible receipts” against special education costs (program/project code 011 items) claimed as Special Education categorical aid. Eligible special education costs are shared between the district and the state to the extent provided for by the state Special Education aid program. A deductible receipt is a revenue that reduces aid eligible cost. The most common example is when another LEA paid your district using federal grant revenue. Another example is revenue from the sale of a vehicle used for special education transportation. Medicaid fees received are NOT a deductible receipt for state special education aid purposes.

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123