Section 9306 of No Child Left Behind, Public Law 107-110, requires Title I, Title II-A, Title II-D, Title III, Title IV-A, Title V, and Title VI program applicants to give an assurance to keep such records and provide such information to the Arkansas Department of Education (ADE) as may be required for fiscal audit and program evaluation. To provide guidance to local school districts for fulfilling this assurance, the “General Budgeting, Funding, and Accounting Principles for Federal Funds Accounting” have been developed.
The procedures contained in these Principles are intended to support the APSCN accounting system used by all school districts in Arkansas.
The intent is to assist the individuals in school districts working with the ACSIP plan and federal budgets listed above to better understand the finance management requirements of federal programs.
For assistance, contact Ms. Patsy Hammond, Federal Programs Analyst.