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.