2017-2018 & 2018-2019 SPED Consolidated Grant Accounting Procedures

Directors have asked how the LEA will account for the two SPED Consolidated grants (2017-2018 and 2018-2019) available this year.

Patty Golden, ESC13 Financial Consultant, described the way business managers will most likely handle this situation.

  1. Funds from both grants will be combined into one account in 923 (9 = 18-19 FY and 23 = Special Eucation).
  2. Revenue and expenditures from each grant year will be distinguished when the LEA uses a 2-digit subobject code, e.g., PY (Prior Year) or 18 (Fiscal Year 17-18) or uses the 3-digits at the end of the account code, e.g., 800(17-18 grant) and 000 (18-19 grant).

Examples Only–LEA designates which local option codes (letters or numbers and place in the account code) to differentiate between the funds.

224-xx-6xxx-PY-xxx-923-000 for 17-18 money and 224-xx-6xxx-00-xxx-923-000 for 18-19 money

224-xx-6xxx-18-xxx-923-000 for 17-18 money and 224-xx-6xxx-00-xxx-923-000 for 18-19 money

OR

224-xx-6xxx-00-xxx-923-800 for 17-18 money and 224-xx-6xxx-00-xxx-923-000 for 18-19 money

For SSAs, it would be 313 instead of 224, etc.

Questions? linda.mcdaniel@esc13.txed.net

 

 

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