Transcription of Financial Accounting Guidance During the COVID-19 …
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Financial Accounting Guidance During the COVID-19 …
1 Michigan Department of Education Office of Financial Management Financial Accounting Guidance During the COVID-19 Pandemic Last Updated June 29, 2022 This Guidance is intended to assist districts in Accounting for Financial transactions that are new or different than those made in a typical school year, including those related to new federal funding sources under the Coronavirus Aid, Relief, and Economic Security (CARES) Act, Coronavirus Response and Relief Supplemental Appropriations (CRRSA) Act, and American Rescue Plan (ARP) Act. This publication will be updated frequently as MDE continues receiving additional questions from districts and information regarding state and federal Financial reporting requirements. Table of Contents (NEW) Information and Accounting Guidance related to Section 11t ESSER III Equalization Payments .. 2 (NEW) Information and Accounting Guidance related to new Benchmark Assessment grants.
Jan 21, 2022 · This guidance is intended to assist districts in accounting for financial transactions that are new or different than those made in a typical school year, including those related to new federal funding sources under the Coronavirus Aid, Relief, and Economic Security (CARES) Act, Coronavirus Response
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