Education Finance
AFR - Annual Financial Report
Requirements
The Annual Financial Report is the instrument for the collection of fiscal data from the local school districts in electronic form. The submission of this document by all local school districts to the Louisiana Department of Education is mandatory. Louisiana Revised Statutes 17:25(A)(2) and 17:92 mandate that local school systems provide this information to the Louisiana Department of Education no later than September 30 of each year.
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IDEA Part B Excess Cost Verification
The IDEA, Part B Federal regulations, Section 34 CFR 300 – Appendix A, stipulates that IDEA Part B funds are to be used only for the "excess costs” of providing Special Education and related services for children with disabilities. The State, local school districts and charter schools must provide funds from state and local sources for the education of special education students in amounts equal to or greater than those provided for regular education students.
New guidelines for determining whether school districts have met the Excess Cost Requirement were published in Appendix A to Part 300 – Individuals with Disabilities Education Act (IDEA). This new regulation went into effect on October 13, 2006. Because the new methodology is very specific and must be calculated separately for elementary and secondary students, staff at LDOE have developed an electronic process to calculate the costs for all school districts. Data from the Annual Financial Report (AFR) System, Integrated Statewide Information System (ISIS), Student Information System (SIS), Special Education Report (SER) database, and the Sponsor/Site (SPS) database, are used in this effort. Our methodology has been reviewed by the firm of Brustein and Manasevit for adherence to all aspects of the law and has been approved.
IDEA Excess Costs Calculation - Production Method
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| For more information contact: |
| Judy Hurry |
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Audit Manager
Judy.Hurry@la.gov
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225-342-8848
225-342-3523 Fax
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