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Adult Education Financial Matters

Adult Education Financial Matters. Adult Education Statutes

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Adult Education Financial Matters

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    1. Adult Education Financial Matters

    2. Adult Education Financial Matters Adult Education Statutes & Finance Accounting Codes EF-X-132 – Financial Page Subsidy Calculation Worksheet What If? Budget Approval Process Other Issues / Questions

    3. Statutes & Finance The Adult Education Subsidy is an Expenditure-driven Formula 20-A §8607-A. REIMBURSEMENT RATES   Reimbursement for the following costs are made in the year following the incurring of those costs, and the rates are as follows…

    4. Statutes & Finance Administrative costs: Administrative costs for all adult education courses and educational activities listed in section 8601-A, subsection 1 are reimbursed at the rate of 70% of the costs...so long as at least one basic literacy, high school completion or college transition course is offered.

    5. Statutes & Finance

    6. Statutes & Finance

    7. Statutes & Finance

    8. Statutes & Finance

    9. Statutes & Finance

    10. Statutes & Finance

    11. Statutes & Finance

    12. Statutes & Finance

    13. Statutes & Finance

    14. Statutes & Finance

    15. Statutes & Finance

    16. Statutes & Finance

    17. Statutes & Finance

    18. Accounting Codes Expenditures use a series of levels in a hierarchy to identify the following: The fund from which the funds are being expended The program that is spending the funds The function for which the funds are being spent The object on which the funds are spent The level of instruction associated with the expenditure (Cost Center)

    19. Accounting Codes Expenditures use a series of levels in a hierarchy to identify the following: The fund from which the funds are being expended The program that is spending the funds The function for which the funds are being spent The object on which the funds are spent The level of instruction associated with the expenditure (cost center)

    20. Accounting Codes

    22. Accounting Codes

    23. Accounting Codes

    24. Accounting Codes

    25. Accounting Codes

    26. Accounting Codes

    27. Accounting Codes

    28. Accounting Codes

    29. Accounting Codes

    30. Accounting Codes

    31. Accounting Codes

    33. EF-X-132 – Financial Page Organization based on the hierarchy of the MDOE “Chart of Accounts” Section A – Instructional Programs Section B – Grants and Contracts (Fund 200) Section C – Administration Additional information and detail Data used to calculate the Adult Education Subsidy (Items marked with an asterisk)

    34. EF-X-132 – Financial Page

    35. Subsidy Calculation Worksheet

    36. Subsidy Calculation Worksheet

    37. Subsidy Calculation Worksheet Making it work for you Link to EFX-132 Compare categorical expenditures What If?

    40. Recent Financial Issues And Changes

    41. Recent Financial Issues Public Law of 2007 Chapter 131 Updated and revised adult education statutes Codified Adult Education Warrant Article language Added Adult Transitions to the subsidy formula Clarified other definitions and processes Revision of the Adult Education Regulation

    42. Adult Education Warrant Article Language

    43. Adult Education Warrant Article Language

    44. Recent Financial Issues Public Laws 2008 – Chapter 599 Made technical corrections to the warrant language section of the adult education statutes Administrative Letter #38 Clarified the School Budget Approval Process for 2008-09 (including adult education) DOE & MAEA issued additional guidance relative to the adult education budget approval process

    45. Recent Financial Issues Adult Education Budget Approval Process Must have a separate warrant article for adult education Warrant article must conform to the language in the statutes (Title 20-A Sec. 8603-a) Warrant article voted on by the “legislative body” for the SAU Adult Education is not part of the EPS cost centers and is therefore not subject to the validation referendum

    47. Got Questions? Call - 624-6754 Email - andy.mcmahan@maine.gov District level Bookkeeper Contact – joanne.allen@maine.gov

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