Arkansas Department of Education Division of Elementary and Secondary Education Preliminary 2021-22 Carryover Balances for Federal Funds

Memo Information

Memo Number
FIN-22-013
Memo Date
9/30/2021
Memo Type
Informational
Unit
Fiscal & Administrative Services
Regulatory Authority
ESSA & IDEA
Response Required
NO
Attention
Federal Programs; Superintendents; Assistant Superintendent; General Business Managers; Bookkeepers

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Secondary Contact/s Information

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No references available.

Memo Text

Preliminary carryover balances of remaining federal funds for the 2021-2022 school year have been posted to the Arkansas Department of Education Division of Elementary and Secondary Education’s website in the School Funding section at:

https://dese.ade.arkansas.gov/Offices/fiscal-and-administrative-services/school-funding/carryover

The preliminary balances will provide the school district with cash on hand (beginning balance) and carryover balances for each federal funding source listed.  Carryover balances may include some portion of funds that are over the carryover limit or expired. (Districts with these funds have been notified by ADE.) Funds in these categories must be obligated with allowable expenses by September 30, 2021.  Expiring funds not obligated by September 30, 2021 will return to the awarding agency unused. Funds over the carryover limit will be redistributed.  This will result in a reduction in the carryover balance and require 2021-2022 budget amendments.  Adjustments to carryover balances will be published midyear once the status of all expiring and excess funds are final.  All federal funds must be budgeted within the Arkansas Public School Computer Network software.

 

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