ADE Director's Communication Memo Form


Memo Number : COM-06-044

Date Created : 12/08/2005

Attention:

Superintendents
Co-op Directors
other: District Business/Financial Officers

Type of Memo: Regulatory
Response Required: No
   
Section:   APSCN - Bill Goff, Director
Subject:
Required Coding for Facilities Programs

Regulatory Authority:
Act 2206 of 2005, 85th General Assembly codified as Ark.Code Ann. Sec. 6-20-2501 et seq.

Contact Person:
Bill Goff

Phone Number:
501-682-4887

E-mail:
bgoff@arkedu.k12.ar.us

The following Source of Fund Codes and Revenue Codes are required for the new facilities programs established by Act 2206 of 2005:

-------------------------------Source of Funds Code-------Revenue Code

Academic Facilities Immediate Repair---------401-------------32921
Academic Facilities Catastrophic Repair------402-------------32922
Academic Facilities Transitional Program-----403-------------32923
Academic Facilities Partnership Program------404-------------32924

The Source of Funds code is also required for expenditures relating to each of these programs. For example, an expenditure that utilizes the revenue for Academic Facilities Immediate Repair must be charged to a budget unit that includes Source of Funds Code 401. Contact the district APSCN Field Support person or the APSCN Help Desk at 800-435-7989 regarding any questions on how to set up the necessary accounts.

Transfers in or out of these funds are not permissible. All funds received for these programs must be utilized in accordance with the rules adopted by the Arkansas Commission of Public School Academic Facilities and Transportation. For questions regarding those rules, please contact the Division of Academic Facilities and Transportation at 501-628-4261.

Attachments:
    None

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