USFR Chart of Accounts-Part II Funds, Transfers, Expenditure Programs & Revenue Objects
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Transcript of USFR Chart of Accounts-Part II Funds, Transfers, Expenditure Programs & Revenue Objects
USFR Chart of Accounts-Part II Funds, Transfers, ExpenditurePrograms & Revenue Objects
presented byAmanda Winn & Roger Walter
February 17, 2011
USFR Chart of Accounts (COA)
• Based on Federal Chart of Accounts
• National Center for Education Statistics (NCES) Handbook
• Our Office, ADE & SFAC
Federal & State Grant Funds
• Specifically Assigned
• “Other Federal Projects”– Federal Range = 300-399
– State Range = 465-499
E-Rate Fund(300-399 fund range)
Accounts for grant monies received to reimburse the district for broadband
internet and telecommunications costs
USFR Memo No. 161
Education Jobs Grant(300-399 fund range)
• Allowable uses and restrictions information– http://www.azrecovery.gov/agencies-governor-
EDUJobs.html– Governor’s Office of Economic Recovery– ADE
• E-mail dated 11/23/10
School Plant Funds(500, 505 & 506)
• Lease Over 1 Year (500)– Cell Tower Rental Payments– Facilities Rentals
• Lease 1 Year or Less (505)– Facilities Rental Contracts– Different from Civic Center Rentals
• Sale (506)
Civic Center & Community School(Funds 515 & 520)
• Civic Center– Rentals– Cover costs first– Then use for M&O
or UCO
• Community School– Educational programs
for community– May include:
• Day care programs
• After school programs
• Adult education programs
Auxiliary OperationsFund 525
Revenues include:• Sale or rental of books, supplies, materials• Course fees• Fees for optional, noncredit, education, or
recreational activities• Athletic gate receipts and concession sales• Other miscellaneous receipts
Auxiliary OperationsFund 525
Allowable uses:• Any district purpose• M&O or UCO type expenditures• Public monies• All procurement and gift provisions apply
Use Function 1000
ONLY for instruction portion
of athletics
Auxiliary OperationsFund 525
Coaches
Referees
Equipment
Not Function 1000• Employees taking and selling tickets• Security guards• Athletic equipment managers• Meals purchased for athletic teams traveling
to games• Items purchased for resale (class rings,
yearbooks, bookstore inventory, etc.)
Auxiliary Operations Fund 525
Extracurricular Activities Fees Tax Credit (ECA)
Fund 526
Accounts for monies collected in support of extracurricular activities to be taken as a tax credit by the taxpayer
**Can use Auxiliary Operations Fund for ECA monies
Tax Credit MoniesUpdated Guidance from DOR – January 2011
• School-sponsored?
• Charging a fee?
• For enrolled students?
• Educational, optional, and noncredit?
• Fee adopted by Governing Board?
• Waive all or part of fee due to hardship?• http://www.azdor.gov/TaxCredits/SchoolTaxCreditsfor Individuals.aspx
AdvertisementFund 594
• Revenues from sales of any advertising
• Can be used for any district purpose
Adjacent WaysFund 620
Transactions relating to special assessment to finance the improvement of public ways adjacent to school property
(A.R.S. 15-995)
Energy and Water Savings Fund 665
– Transfer from M&O
– Capital Contribution
– Rebates, grants, and bonds
Other Postemployment Benefits (800 or 900 Fund Range)
• Deposit monies to fund postemployment benefits
• Use for payment of benefits and related costs
Authorized Transfers
• Fund Transfers - Objects 5200 and 6930
• Indirect Costs - Objects 5200 and 6910
Transfers in and out must balance
Authorized Transfers
Federal Projects (100-399) and Food Service (510) to Indirect Costs (570)
• Administrative costs
• Indirect Cost Rate
Authorized Transfers
• M&O (001) to Energy and Water Savings (665)
• Energy and Water Savings (665) to M&O (001)
• Impact Aid (3XX) to M&O (001) • Other Postemployment Benefits (9XX) to M&O
(001)
Program Codes
Classify expenditures by area such as Regular Education, Special Education,
Pupil Transportation, Etc.
Program Codes
100 Regular Education
200 Special Education
300 Special Education Disability ESEA, Title VIII
400 Pupil Transportation
510 Desegregation
520 Special K-3 Program Override
530 Dropout Prevention
540 Joint Career & Tech. Ed & Vocation Ed Center
Program Codes
600 Other Instructional Programs
700 Adult/Continuing Education Programs
800 Community College Education Programs
900 Community Services Programs
Program Codes (Required)
• ARRA SFSF program codes– 199-Regular Education– 299-Special Education– 499-Pupil Transportation– 699-Other Instructional Programs
• See e-mail dated 9/24/09
Program Codes (Required)
Special Education
260─English Language Learners (ELL) Incremental Costs
265─ELL Compensatory Instruction
270─Vocational and Technological Education
Program Codes (Required)
Pupil Transportation
430─ELL Incremental Costs
435─ELL Compensatory Instruction
470─Joint Technological Education District
Revenue Object Codes
• Separates revenues by source– Local - 1000– Intermediate - 2000– State - 3000– Federal - 4000
Tuition Revenues(Required)
1310─Individuals1320─Other Arizona Districts1330─Out-of-State Districts1340─Other Private Sources
• Other than Individuals1350─Other Government Sources Within Arizona
• AZ State Schools for Deaf and Blind1360─Other Government Sources Outside Arizona
Transportation Revenues(Required)
1410─Individuals1420─Other Arizona Districts1430─Out-of-State Districts1440─Other Private Sources
• Other than Individuals1450─Other Government Sources Within Arizona
1460─Other Government Sources Outside Arizona
Revenue from Enterprise Activities Object 1750
Revenue from vending machines, school stores, soft drink machines, etc., not related to the regular food service program
Extracurricular Activities Fees Tax Credit – Object 1790
Revenue collected in support of extracurricular activities to be taken as a tax credit by the taxpayer.
Community Services ActivitiesObject 1800
Revenue received from community service activities operated by a district
– daily fee for operation of a swimming pool
– civic center type rentals
Miscellaneous Revenues from Other Districts – Object 1950
Revenue from services provided to other districts other than for tuition and transportation services.
Refund of Prior Year’s Expenditures –Object 1980
Expenditures that occurred last year that are refunded this year.
MiscellaneousObject 1990
• Revenue from local sources not provided for elsewhere– Fingerprinting Fees
– Advertising