6230

FEDERAL FUNDS

            The Board of Education shall consider whether to apply for any federal aid for which it is eligible.  The administrative staff has the responsibility to evaluate federally funded programs, including their possible benefits to the children and youth in the school district, apprise the Board of the value of each, and make recommendations accordingly.  A separate federal aid fund shall be maintained to record all financial transactions in federally aided programs and projects. A separate checking account, distinct from all other district accounts, shall be maintained for federal funds.

Ref:            8 NYCRR Parts 114; 167; 200

Adoption date:  January 1, 1993

Reviewed on:    September 29, 2003