Member district #1 acts as fiscal agent for a state/locally funded special education shared services arrangement that includes 1 other school district. Expenditures are allocated according to the example in the Financial Accountability System Resource Guide, section 1.3.3. Member school districts receive revenue from various sources (foundation fund revenue, tax revenue, etc.). These revenues are recorded in the General Fund and are to be used as the district deems appropriate with written established guidelines for operating purposes. The monies paid to the fiscal agent may not be identifiable as being from a specific revenue source. Periodically during the year, member school districts pay monies to the fiscal agent. Member school districts determine the payment amount based on predetermined criteria established in the shared services arrangement agreement. This information is reported in the following way.
Member #1 (fiscal agent and member)
Input Record |
District |
Shared-Svcs-Arrangemt-Type-Code |
Fiscal |
---|---|---|---|
Columns |
Columns |
Columns |
Columns |
011 |
777777 |
11 |
777777 |
Member #2
Input Record |
District |
Shared-Svcs-Arrangemt-Type-Code |
Fiscal |
---|---|---|---|
Columns |
Columns |
Columns |
Columns |
011 |
888888 |
11 |
777777 |
Explanation of 011 Shared Services Arrangement Record Layout
DISTRICT-ID is 777777 for Member #1 ISD.
DISTRICT-ID is 888888 for Member #2 ISD.
SHARED-SVCS-ARRANGEMT-TYPE-CODE 11 indicates special education shared services arrangement.
FISCAL-AGENT-ID is 777777 for Member #1 ISD serving as Fiscal Agent.