School Finance and District Support

End of Year Financial Report

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  • Note on how to treat recently awarded Emergency Impact Aid funds: DESE recently announced the awards for the Federal Emergency Impact Aid for Displaced Students grant program (fund code 312). Districts must obligate funds received under this program by December 31, 2018 for expenses incurred during the 2017-2018 school year. We updated the grants workbook to include these funds, shaded in blue. Districts receiving these funds should add the revenue to the undistributed column on the DESE Administered Federal grants line on their reports, line 300, column 5, and include the expenditures in column 3 on Schedule 1 C.2. Districts that served displaced students with IEPs can use these funds to charge expenses previously charged to the Circuit Breaker account. We will be provide additional guidance on allowable uses for these funds soon.


Last Updated: September 24, 2021

 
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