This Section applies only to funds received pursuant to
P.L.
111-5, the American Recovery and Reinvestment Act
of 2009, the Race to the Top Program,
P.L.
111-226, which authorizes the Education Jobs Fund
Program, and P.L.
113-76, which authorizes the Preschool Development
Grant - Preschool Expansion Grant Program (i.e., "Preschool Expansion").
a) Accounting; Treatment of Funds
1) Records of expenditures shall identify the
source of the ARRA, Ed Jobs, Race to the Top, or Preschool Expansion funds by
using the account numbers set forth in Table C of, as well as the applicable
funds, functions, and object classes, using the account numbers set forth in
Tables A, D, and F, respectively.
2) ARRA General State Aid funds received in
account number 4850 or 4870 (see Table C) may be deposited into any fund other
than the Working Cash Fund and may be spent for any lawful purpose, except as
limited by Section 14003 of the ARRA. That Section prohibits a local education
agency from using Education Stabilization funds for:
A) payment of maintenance costs;
B) stadiums or other facilities used
primarily for athletic contests, exhibitions, or other events for which
admission is charged to the general public;
C) purchasing or upgrading
vehicles;
D) improvements to
stand-alone facilities whose purpose is not the education of children,
including facilities housing central office administration, operations, or
logistical support functions; or
E)
school modernization, renovation, or repair that is inconsistent with State
law.
3) No Education
Stabilization funds or Government Services funds may be used to provide
financial assistance to students to attend private elementary or secondary
schools, unless the funds are used to provide special education and related
services to children with disabilities as authorized by the Individuals with
Disabilities Education Improvement Act. (Section 14011 of the ARRA)
4) Funds received under any other account
number in the range from 4851 through 4880, 4901 and 4902 shall be expended
only for the purposes authorized by the relevant federal law, regulations, and
guidance.
5) No Race to the Top
funds may be used for the costs associated with the administration of any
statewide summative assessment that may be incurred by a school district (e.g.,
substitutes, monitoring, preparation) nor for any of the items listed in
subsections (a)(2)(B) through (E).
b) Budgeting
Each local education agency intending to spend ARRA funds
during Fiscal Year 2009, or Ed Jobs funds in Fiscal Year 2011, Race to the Top
funds in Fiscal Year 2012, or Preschool Expansion Funds in Fiscal Year 2015 and
thereafter shall amend its budget as necessary, pursuant to the provisions of
Section 17-1 of the School Code [105 ILCS
5/17-1 ] and shall submit the amended budget to the
State Superintendent of Education pursuant to Section
100.90.
Subsequent annual budgets shall address the receipt and disbursement of ARRA or
Ed Jobs funds as provided in Section 17-1 and applicable federal regulations
and guidance.
c) Financial
Reporting
In order to comply with federal reporting requirements, each
local education agency receiving funds under the ARRA, Ed Jobs, Race to the
Top, or Preschool Expansion shall include in its annual financial report, in
addition to all other requirements set forth in Section
100.100, a
detailed schedule of its receipts and disbursements of those funds, as distinct
from any other receipts and expenditures for the same purposes made from other
sources of funds.
d)
Auditing
1) The receipt and disbursement of
ARRA, Ed Jobs, Race to the Top, or Preschool Expansion funds shall be subject
to the audit requirements of Section
100.110. In addition
to the other applicable requirements of Section 100.110, the scope of each
audit shall include the schedule of receipts and disbursements required under
subsection (c).
2) Each local
education agency receiving ARRA, Ed Jobs, Race to the Top, or Preschool
Expansion funds shall review its amended budget to determine whether its
increased expenditure of federal funds will make the agency subject to the
audit requirements of OMB Circular A-133 (available at
www.whitehouse.gov/omb/circulars/index.html)
and, if so, shall maintain records accordingly.
