Organizing the financial records of a municipality into multiple, segregated locations for money. Communities whose accounts are organized according to the Uniform Municipal Accounting System (UMAS) use multiple funds. The difference between assets and liabilities reported in a governmental fund. Also known as fund equity. The fund used to account for most financial resources and activities governed by the normal town meeting or city council appropriation process. The accountant's record of original entry, a general ledger is a set of numbered accounts used to track financial transactions and prepare financial reports. Each account is a distinct record summarizing each type of asset, liability, equity, revenue and expense. A chart of accounts lists all the accounts in the general ledger. When referring to a Collective Bargaining Agreement, this refers to a job grade. Job grades are structured around certain minimum requirements such as education level or years of experience. Related: Collective Bargaining Agreements, Steps
Fund Balance
General Fund
General Ledger (GL)
Grade
Green Team
A sustainability working group within NPS that seeks to promote and increase sustainable practices throughout the district. See www.newton.k12.ma.us/departments- programs/business-finance-planning/sustainability for more information
Homeless Student Transportation
See McKinney Vento Transportation
Indirect Cost
Costs of a service not reflected in the operating budget of the entity providing the service. The matter of indirect costs arises most often in the context of enterprise funds. An example of an indirect cost of providing water service would be the value of time spent by non- water-department employees who process water bills. A determination of these costs is necessary to analyze the total cost of service delivery. Federal law that makes available a free appropriate public education to eligible children with disabilities throughout the nation and ensures special education and related services to those children. The federal government provides formula grants (passed through state Departments of Education to school districts) for meeting the excess costs of providing special education and related services to children with disabilities.
Individuals with Disabilities in Education Act (IDEA)
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