School Finance Newsletter

School Finance Newsletter

School Finance (Treasurers) Newsletter

Ohio Department of Education Newsletter

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9/1/2015

Project Cash Request (PCR) update

The state’s accounting system will be upgraded beginning Sept. 2, 2015 and will stop processing payments at the end of August. To allow all payments to process before the shutdown, the department should have received August/September project cash requests by Aug. 26.

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9/1/2015

Ensure your contractors are not ineligible in SAM

There has been an increase in the number of citations issued in 2015 by the Ohio Auditor of State for Suspension and Debarment (S&D).

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9/1/2015

Be familiar with Uniform Guidance 2 C.F.R

Treasurers, are you prepared for the Office of Management and Budget’s (OMB) new “Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards,” also known as the Uniform Guidance 2 C.F.R?  Guidance to come from the department in September.

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9/1/2015

Final Expenditure Report for Auxiliary Services Funds submission modified

The form and procedure for submitting your district’s final expenditure report (FER) for FY15 Auxiliary Services funds (Fund 401) has been revised from what was used previously.

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9/1/2015

Aug. 26 reimbursements reflect changes in law

Am. Sub. H. B. 64 has introduced major changes in the calculation of the reimbursements for the phase out of tangible personal properties (TPP) and the deregulation of public utility tangible properties (deregulation).

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9/1/2015

Foundation formula adjusting to new law

The FY 2016 foundation formula will be calculated per the provisions of Am. Sub. H. B. 64 in October 2015.

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5/26/2015

Grants

  • Comprehensive Guidance on Updates to Title II, Part A
  • New ODE website page for Federal Grants

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