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When will school districts actually receive funds?

April 26, 2017actually districts funds School

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When will school districts actually receive funds?

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Districts will begin receiving most federal Title funds prior to September 1, 2009. There are many components to ARRA funding. State Fiscal Stabilization funds will be available for school districts to begin drawing down funds on September 1. Districts will be able to draw down up to 70 percent of their stabilization funds after September 1 and will be able to draw down the remaining 30 percent after April 1, 2010. Districts will be required to submit expenditure reports to draw down funds. The disbursement of funds must comply with federal regulations, EDGAR 80.21, regarding cash management. Please refer to the grant award document that will be issued upon approval of your application and the Fiscal Guidelines for Federal and State Grants at: http://www.oms.nysed.gov/cafe/guidance/guidelines.html.