Tag: unearned revenue

Grants, Entitlements, and Carryover

When I started working at a California school district one of the first things I had to learn was the difference between a grant and an entitlement. A few years ago the state accounting manual was revised to refer to funding sources (resources) as either those with a fund balance or those with unearned revenue and no fund balance.

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Grant Carryover: An Ounce of Prevention

I have a short term assignment at a new district.  When working with grants that carry over year after year it is a great idea to check that the “carryover” amount is correct.  I did a quick check yesterday on two grants and found in fact the carryover was not correct on either of them. For the

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