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Recovery Act – Fiscal Issues
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  1. Recovery Act – Fiscal Issues Stephanie English, Chief Monitoring & Compliance Section School Business Division 919-807-3686 senglish@dpi.state.nc.us

  2. Topics • General Information • Title I, Part A • IDEA • State Fiscal Stabilization Funds • Reporting

  3. General • Period of availability • Avoid the “funding cliff” • New PRCs

  4. IDEA • Use of funds • IDEA Maintenance of Effort

  5. State Fiscal Stabilization Funds • Use of Education Stabilization funds • Prohibitions • Federal funds

  6. Reporting • “Unprecedented level of accountability” • Report project descriptions/cost • School-by-school listing of per-pupil educational expenditures (state/local) • More guidance expected

  7. Title I, Part A • Use of funds • Carryover limitation • Supplement not supplant • Maintenance of effort • Other issues

  8. Questions?