ED Releases New Title I Fiscal Guidance (2/8/2008)

This week, the U.S. Department of Education (ED) issued non-regulatory guidance regarding various Title I fiscal issues. This non-regulatory guidance updates Section E of the Title I fiscal issues guidance released in May 2006 and addresses consolidating funds in schoolwide programs. In addition to revising the introduction to Section E, this guidance adds several new questions that clarify the purpose for consolidating funds in a schoolwide program, provides more detail on what it means to consolidate funds in a schoolwide setting, and describes how an LEA might account for State, local, and Federal funds that are consolidated in a schoolwide program. This guidance does not impose any requirements beyond those that the law specifies.

Any requirements referred to in this guidance are taken directly from the statute and the Title I regulations, with citations provided throughout. The examples shown in this revised guidance illustrate possible ways to account for Federal funds in a schoolwide setting and do not constitute endorsement of the processes shown or imply that there is a requirement to use those processes. The guidance in this document supersedes all prior non-regulatory guidance issued by ED concerning Title I fiscal issues

You can view the new guidance at: http://www.ed.gov/programs/titleiparta/fiscalguid.doc.