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.
Tag: unearned revenue
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