Per Pupil Aid General Fund Source 695 – SAGE/AGR Grants - General Fund Source 650 High Cost Special Education Aid Special Edu. Fund 27 Source 625 – Supplemental Special Education Aid - Special Edu. Fund 27 Source 626 - Revenue recognition when reimbursable State Reimbursement Program Aid expenditures are made. The district should record a receivable for eligible expenditures receivable at fiscal year end. State Special Project Grants passed through the DPI - Source 630 in various funds. These payments are for State program expenditures requested for reimbursement (claimed) by the district on the DPI form Request PI-1086. copies of the PI-1086 and trace to reimbursements shown in the Aids Register. Subsequent receipts may be verified by review of the subsequent year aid register. - Revenue recognition occurs when the district is Federal Aid Entitlements entitled to receive the aid. Federal impact aid is recorded in General Fund source 721 and 722, or in the Capital Projects Fund using source 723. Review prior year reports and determine if the district received federal impact aid. Review current year remittance statements from federal government and determine that aid is recorded appropriately. Other Federal Aid Entitlements - Review remittance statements and determine proper revenue recording - Revenue recognition when reimbursable Federal Reimbursement Programs expenditures are made. The district should record a receivable for receivables at fiscal year end. Federal Special Project Grants paid through the DPI - Source 730 in various funds. These payments are for Federal program expenditures requested for reimbursement (claimed) by the district on the DPI form Request copies of the and trace to reimbursements shown in the PI-1086 Aids Register. Subsequent receipts may be verified by review of the subsequent year aid register. Federal Aid other than through DPI - Review claim forms, expenditures and determine proper revenue recording. Direct federal aid should be coded to source 791. Federal aid received through a not-for- profit organization should be coded to source 799
Per Pupil Aid – General Fund Source 695 SAGE/AGR Grants - General Fund Source 650 High Cost Special Education Aid – Special Edu. Fund 27 Source 625 Supplemental Special Education Aid - Special Edu. Fund 27 Source 626 State Reimbursement Program Aid - Revenue recognition when reimbursable expenditures are made. The district should record a receivable for eligible expenditures receivable at fiscal year end. State Special Project Grants passed through the DPI - Source 630 in various funds. These payments are for State program expenditures requested for reimbursement (claimed) by the district on the DPI form PI-1086. Request copies of the PI-1086 and trace to reimbursements shown in the Aids Register. Subsequent receipts may be verified by review of the subsequent year aid register. Federal Aid Entitlements - Revenue recognition occurs when the district is entitled to receive the aid. Federal impact aid is recorded in General Fund source 721 and 722, or in the Capital Projects Fund using source 723. Review prior year reports and determine if the district received federal impact aid. Review current year remittance statements from federal government and determine that aid is recorded appropriately. Other Federal Aid Entitlements - Review remittance statements and determine proper revenue recording Federal Reimbursement Programs - Revenue recognition when reimbursable expenditures are made. The district should record a receivable for receivables at fiscal year end. Federal Special Project Grants paid through the DPI - Source 730 in various funds. These payments are for Federal program expenditures requested for reimbursement (claimed) by the district on the DPI form Request copies of the PI-1086 and trace to reimbursements shown in the Aids Register. Subsequent receipts may be verified by review of the subsequent year aid register. Federal Aid other than through DPI - Review claim forms, expenditures and determine proper revenue recording. Direct federal aid should be coded to source 791. Federal aid received through a not-for- profit organization should be coded to source 799
General_Aids_Audit_Program-June_29_2018.docx