Wellesley Public Schools: Fiscal Year 2026 Budget
Special Revenue: Federal Grants Below is a description of the information provided for all federal grant funds: Name of Federal Grant Fund Code: XXXX
FY’25 Award Amount Grant Manager: Person who is responsible for the management of the grant
Purpose: The purpose of the grant is described in this section. Often this is the description provided by the awarding agency.
Federal Grant Name of Grant
FY’22 Award
FY’23 Award
FY’24 Award
FY’25 Award
Federal Grant Award Amount for FY’22 – FY’25 Federal Grant Carryforward Amounts into Year 2 Federal Grant Carryforward Amounts into Year 3
Carryforward Year 2 Carryforward Year 3
A description of how the grant funds will be used in Wellesley.
Munis Fund Code:
Fund Code Appropriate to Source of Funds Organization Code Assigned to the Federal Grant Catalog of Federal Domestic Assistance Number
Munis Organization Code:
Federal CFDA 4 :
Grantor:
Awarding Agency
Within the Special Revenue Fund: Grants, after the Federal Grant Fund narratives, is a spreadsheet that details the expenditures by fiscal year. With the ability to carry forward unexpended federal grant funds into future years, the district tries to capture this information in the following manner: 1. When a grant is awarded, the full award amount is listed in the “Name of Grant” line under the appropriate fiscal year. 2. When federal grant funds are not fully expended in the award year, the carry forward amount is listed in the “Carryforward Year 2” column in the next fiscal year. 3. When federal grant funds are not fully expended in the award year or the carryforward year 2, the final carryforward amount is listed in the “Carryforward Year 3” column two years out. Example: In FY’22, the district received a $50K grant. The district expended $10K in year 1, $30K in year 2 and the balance in Year 3. In addition, the district received a new authorization of $50K for each year FY’23 – FY’25.
Federal Grant
FY’22 Award
FY’23 Award
FY’24 Award
FY’25 Award
Example
$50,000
$50,000 $40,000
$50,000
$50,000
Carryforward Year 2 5 Carryforward Year 3 Expended Each Year 6
$0 $0
$0
$0 $0
$0
$10,000 $60,000
$10,000
$80,000
$50,000
4 CFDA: Catalog of Federal Domestic Assistance 5 Based on the Tydings Amendment, the Education Department General Administrative Regulations (EDGAR) allows grantees to carryover for one additional year any Federal education funds that were not obligated in the period for which they were appropriated. For grants that are forward-funded, grantees can have up to 27 months to obligate appropriated funds beginning as early as July 1 of the Federal fiscal year. (U.S. Department of Education Monitoring Grant Award Lapsed Funds Control Number ED-OIG/A04-D0015) 6 These amounts reflect how the spreadsheet would reflect the actual expenses based on the carryforward revenue.
Page 232 of 410
Made with FlippingBook Digital Proposal Creator