K-10
Local Sources
Tax Rev enues: Compulsory charges levied by a governmental unit for the purpose of financing service s perfo rmed for the c omm on b enefit.
1120 Ad Valorem Ta xes Le vied b y Ano ther G overnme ntal U nit - Taxes levied for school purposes by a local governmental unit other than the LEA. The LEA is not the final authority, within legal limits, in determining the amount to be raised. For exam ple, after an LE A has deter mined that a ce rtain am ount o f revenue is
necessary, another governmental unit may exercise discretionary power in reducing or incr easing the am ount.
1190 Other Taxes - Other form s of taxe s levied such as licenses and perm its. Sepa rate accounts may be maintained for each specific type of tax.
Rev enue F rom L ocal G over nmen tal Un its Othe r Tha n LE As: Revenue from the app rop riations o f anothe r loca l gove rnme ntal unit. T he LE A is no t the final auth ority, within legal limits, in determining the amount of money to be received, and the money is raised by taxes or other means which are not earmarked for school purposes. This account
classificatio n cou ld includ e reve nue fro m tow nships, munic ipalities, co unties, etc . In a city scho ol system , the municipa lity would be co nsidered a local governme ntal unit. In this instance, revenue from the county would be considered revenue from an intermediate source and coded in the 2000 revenue code.
1210 Revenue in Lieu of Taxes - Payments made out of general revenues by a local gove rnme ntal unit to th e LE A in lieu o f taxes it wo uld ha ve had to pa y had its pro perty o r other tax ba se be en sub ject to ta xation by the L EA on the same basis as privately owned property. Such revenue would include payments made for privately owned property which is not subject to taxation on the same basis as other private ly owne d prope rty due to action by the lo cal go vernm ental un it.
Tuition: Revenue from individuals, welfare agencies, private sources and other LEAs for education provided by the LEA.
1310 Tu ition Fro m Ind ividua ls
1320 Tu ition Fro m O ther LE As W ithin the Sta te 1330 Tu ition Fro m O ther LE As O utside the State 1340 Tuition From Other Sources
Tra nspor tation F ees: Revenue from individuals, welfare agencies, private sources and other LEA s for transporting studen ts to and from sch ool and school activities.
1410 Transp ortatio n Fee s Fro m Ind ividua ls
1420 Transp ortatio n Fee s Fro m O ther LE As W ithin the Sta te 1430 Transp ortatio n Fee s Fro m O ther LE As O utside the State 1440 Transportation Fees From Other Sources
Code Numbers: Function Descriptions and Definitions:
Revised 7/1/2002
K-11
Ear nings o n Inve stments: Revenue from h oldin gs inves ted for earnin g pur pos es. [NO TE:
Use cod e series 5 600 's for ea rning s on in vestm ents o f sixtee nth se ction fund s.]
1510 Interes t on Inv estme nts - Interest re venue on te mpo rary or perm anen t investm ents in United States treasury bills, notes, mortgages or other interest-bearing
investments.
1520 Interes t on C ash an d O ther D epo sits - Interest revenue on interest-bearing chec king ac counts, such a s NO W and m oney mark et accounts, sa vings ac counts and time ce rtificates o f dep osit.
1530 Ne t Increa se(D ecrea se) in FM V o f Investm ents - Unre alized increa se/de creas e in the market value o f investments.
1540 Ga ins or L osses on Sale of In vestm ents - Gains or losses realized from the sale of bonds or stocks. Gains represent the excess of the sales proceeds over cost or any other basis as of the date of sale (cost less amortization of premium in the case of long-term bonds purchased at a premium over par value, or cost plus amortization of discount on long-term bonds purchased at a discount under par value). Gains realize d from the sale o f U.S. treasury b ills repre sent intere st incom e and should be credited to account 1510. Losses represent the excess of the cost or any other basis at date of sale (as d escribed a bove ) over the sales pro ceeds.
Child Nutrition: Revenu e for dispensing fo od to stude nts and adu lts.
Reimb ursable P rogram s - Daily sales: Revenue from students for the sale of breakfasts, lunches and milk which are considered reimbursable by the United States D epa rtmen t of Agr iculture. [NO TE : Fed eral re im burs em ents fo r m eals shou ld be reco rded within reven ue co de 4 400 .]
1611 Daily Sales - School Lunch Program - Revenue from students for the sale of reimbursable lunches as part of the national school lunch program.
1612 Daily Sales - School Breakfast Program - Revenue from students for the sale of reimbursable breakfasts as part of the school breakfast program.
1613 Daily Sales - Special Milk Program - Revenue from students for the sale of reimbursable milk as part of the special milk program.
No n-reimbursab le Progra ms -Daily Sales: Revenue from the sale of non-reimb ursab le bre akfasts, lun ches a nd m ilk.
1621 Da ily Sales - A dult - Revenue from adults for the sale of non-reimbursable lunches and bre akfasts.
1622 Daily Sales - Extra Food Sales - Revenue fro m the sale of extra foo d items.
1630 Special Functions - Revenue from students, adults or organizations for the sale of food products and se rvices c onsid ered spec ial functions. So me exam ples would include po t lucks, PTA sponso red functions and athletic banquets.
1640 Inspection Fees for FDC Ho mes - Fees received for inspection of family day care home s.
Code Numbers: Function Descriptions and Definitions:
K-12
Stude nt Ac tivities: Revenu e from scho ol sponso red fund raising ac tivities.
1711-1719 Admissions - Revenue from patrons of a school sponsored activity such as a concert or football game.
1721-1729 Bookstore Sales - Revenue from sales by students or student sponsored boo kstores.
1731-1739 Fees(extracurricular) - Revenue fro m students for fees such a s locker fees, towel fees and equipment fees. Transportation fees are recorded under the appro priate acco unt in the 1400 series.
1791-1799 Other Student Activity Revenue - Other revenu e from studen t activities.
Co mmu nity Ser vices A ctivities: Revenue from school sponsored co mmunity services fund raising activities.
1800-1850 Revenue From Community Services Activities - Reve nue fro m co mmunity services activities operated by an LEA. For example, revenue received from operation of a skating facility by an LEA as a community service would be recorded here. Multiple accounts may be established within the 180 0 series to differentiate various ac tivities.
Oth er Re venu e Fro m Lo cal Sou rces: Other revenue from local sources not classified above.
1910 Ren tals - Revenue from the rental of either real or personal property owned by the LEA.
1920 Contributions and Donations From Private Sources - Reve nue fro m a p hilanthro pic foundation, private individuals or private organizations for which no repayment or special service to the contributor is expected.
1930 Ga ins or L osses on Sale of F ixed A ssets - The amount of revenue over the book value of the fixed assets sold. For example, the gain on the sale would be the portion of the selling price received in excess of the depreciated value (book value). This account is used in the Proprietary Funds only. Revenue codes 6500 and 6600 are used to account for sale of property for fund types other than Prop rietary Funds.
1940-1949 Instructional F ees an d Sa les to Stu dents - Reve nue co llected from stu dents in the form of fees that are instructional related, i.e., pape r fees, lab fees, workbook sales, etc.
1950 Services Provided Other LEAs - Revenue from services provided other LEAs other than for tuition and trans por tation se rvices. T hese se rvices c ould include data processing, purchasing, maintenance, cleaning, consulting and guidance.
1970 Services Provided Other Funds - Services provided other funds for services such as printing or data processing. This account would only be used in the Internal Service Fu nds.
Code Numbers: Function Descriptions and Definitions:
Revised 7/1/2002
K-13
1980 Refund of Prior Year's Expenditures - Include here if expe nditure occ urred last year and the refund this year. If refund and expenditure occurred in current year, redu ce this yea r's expen ditures as pre scribe d by G AA P.
1991 Revenue From Gaming - Revenue received as distribution of fees and/or taxes collected under local and private bills regarding cruise vessels (casinos).
1999 Miscellaneous - Miscellaneous revenue not classified elsewhere.
Intermediate Sources
2000 Revenue from Intermediate Sources - Revenue received from local governmental entity(ies) other than funds received from tax levies
State Sources
Unrestricted Grants-in-aid: Revenues received from the state that have not been restricted as to their use.
3110 Hom estead Exemption Reimburseme nt - Reimbursement from the State in lieu of taxes on assessed property that has been exempted from local ad valorem taxes 3120 Severance Tax - State funds allotted to individual school districts’ from taxes
assesse d on the sale o f timber , oil and gas co mmodities .
3130 Chickasaw Funds - State funds allotted to individual school district’s that do not have sixteenth section rev enues.
3140 Driver Education Funds - State funds reimbursed to school district’s for participating in a driver education program.
3150 M inimum Pro gram and P er Ca pita - State funds allotted to the school district’s based on A verag e Daily Attend ance (AD A) re cord s.
3160 School Ad V alorem Tax R eduction Fund - State fund s allotted to the schoo l districts to allevia te par t of the taxe s levied at the loc al level.
3190 Othe r Un restricted Gra nts-in-aid - Other state unr estricted grants not given a spe cific revenue code.
Code Numbers: Function Descriptions and Definitions:
K-14
Restricted Grants-in-aid: State re venu e restricte d in its use.
3210 Education Enhancem ent Fund - State revenues allotted to the school district for educational enhancements purposes (Section 37-61-33).
3211 MAEP Funds - State revenues allotted to the school district under the authority of the Mississippi Accountability and Adequate Education Program Act ( Section 37-151-1, et seq.).
3212 Technology in the Classroom - State revenues allotted to the school district for technolog y in the classroom p rogram purpo ses.
3215 Textbook Funds - State revenues allotted to the school district for the purchase of textbooks (Section 37-43-1, eq. seq.).
3220 Vocational and Technical Education - State revenues allotted to the school district for vocationa l and technical ed ucation purp oses.
3230 Public School Building Fund - State revenues allotted to the school district for school building purposes. These revenues should be recorded in Funds 3011-3019, Pub lic School B uilding F unds .
3240 Adult Education - State revenues allotted to the school district for adult education purpo ses.
3250 Child Nutrition - State revenues allotted to the school district for the child nutrition progra m purp oses.
3260 Uniform Millage Assistance - State revenues allotted to the school district for purpo sed authorize d the uniform m illage assistance statutes.
3270 Educable Children - State revenues allotted to the school district for purposes authorized for the educa ble children p rogram s.
3280 Education Reform Act - State revenue allotted to the school district for purposes autho rized by the education re form act.
3290 Othe r Restricted G rants-in-aid - State revenues allotted to the school district that are not required to be reported elsewhere.
Rev enue in Lieu of T axes: State revenue allotted to the LEA in lieu of local taxes on pro perty tha t is not sub ject to th e sam e bas is of taxatio n as oth er pro perty in the district.
3810 Rail Cars - State rev enue allotted to the schoo l district in lieu o f local tax es for ra il cars.
3820 Heavy T rucks - State revenue allotted to the school district in lieu of local taxes for heavy truck usage.
3830 Rental Cars - State revenues allotted to the school district in lieu of local taxes for rental car usage.
Code Numbers: Function Descriptions and Definitions:
Revised 7/1/2002
K-15
Revenue for/on Behalf of the LEA: Comm itments or payments made by a state for the benefit of the LEA, or contributions of equipment or supplies. Such revenue includes the paym ent of a p ension fund by the state on b ehalf o f an LE A em ploye e for services rendered to the LEA, and a contribution of fixed assets by a state unit to the LEA. Separate accounts may be maintained to identify the specific nature of the revenue item.
3900 Revenue for/on Behalf of the LEA - See above explanation.
Federal Sources
Unrestricted Gra nts-in-aid Direct From the F ederal Gov ernment: Revenues direct from the federal government as grants to the LEA which can be used for any legal purpose desired by the LEA without restriction.
4110 W ildlife Refuge - Federal revenue allotted to the school district in lieu of local property taxes that would have been assessed on federally designated wildlife refuge lands.
4120 E-R ate - Federal revenue refunded to the school district as a rebate on tela-com munic ation e xpenditure s paid by the sc hoo l district.
4130 Impact Aid - Maintenance and Operation - Federal grant revenue allowed to a school district that is impacted by a military base, Indian reservation or some other outside entity.
4190 Other unrestricted grants-in-aid - Other grant revenue not required to be reported elsewhere.
Unrestricted Grants-in-aid From the Federal Government Received Through the State:
Revenues from the federal government through the state as grants which can be used for any legal purpose desired by the LEA without restriction.
4210 Flood Control - Federal grant revenue allowed a school district for flood control areas
4220 Mineral Leases - Federal revenue allowed a school district for mineral leases on pro perty.
4230 CHIPS P rogram - Federal revenue allowed a school district as a finders fee for students who qualify for the child ren’s he alth insura nce p rogra m.
4290 Other unrestricted grants-in-aid [NOTE: pass-through funding] - Other unrestricted federal grants allotted to the school district not required to be reported elsewhere.
Code Numbers: Function Descriptions and Definitions:
K-16
Restricted Gran ts-in-aid Direct From the Fe deral Gov ernment: Revenues direct from the feder al gov ernm ent as gr ants to the LEA which m ust be u sed fo r a cate goric al or sp ecific purpose. If such money is not completely used by the LEA, it usually is returned to the gove rnme ntal unit. (M ust be reco rded in the Sp ecial R even ue Fu nds.)
4310 Impact Aid - Construction (P.L. 81-815) - Federal revenue received by a school district that has been impacted by a military base, Indian reservation or some other entity restricted for construction purp oses.
4390 Other restricted grants-in-aid [NOTE: direct funding] - Other restricted federal grants allotted to the school district note required to be reported elsewhere.
Restricted Grants-in-aid From the Federal Government Received Through the State or Oth er Pa ss-throu gh G ranto rs: Revenues from the federal government through the state or other pass-through grantors as grants to the LEA which must be used for a categorical or spec ific purp ose. (M ust be reco rded in the Sp ecial R even ue Fu nds.)
4401 Title III - Goals 2000 - Federal program funds allowed under Catalogue of Federal Financial Assistance (CFDA) # 84.276 - Goals 2001 - state and local education systemic improv ement gran ts.
4405 Title I - Fede ral pro gram funds a llowed unde r CF DA # - 84 .010 - Title I - gra nts to local educ ational agencies.
4406 Migrant Education - Federal program funds allowed under CFDA # 84.011 - Migrant education - basic sta te gran t prog ram.
4410 Title VI - Federal program funds allowed under CFDA # 84.298 - Innovative education program strategies and CFDA # 8 4.340 - Class size reduction.
4415 Social Services
4420 Special Education - Federal program funds allowed under CFDA # 84.027 - Special education - grants to states and CFDA # 84.173 - Special education - preschool grants.
4430 Adult Education - Fede ral pro gram funds a llowed unde r CF DA # - 84 .002 - Adult education - state grant program.
4435 Vocational Education Federal program funds allowed under CFDA # 84.048 -Vocational education - basic grants to states
4437 TechPrep E ducation Federal program funds allowed under CFDA # 84.243 -Tech-prep ed ucation.
4440 Title IV Federal program funds allowed under CFDA # 84.186 Safe and drug -free schoo ls and com munities -state grants.
4445 Technology Literacy Challenge - Federal program funds allowed under CFDA # 84.3 18 -T echn olog y literacy ch allenge fund gr ants
4451 USDA Reimbursement - School Breakfast Program - Federal program funds allowed under CFDA # 10.553 - School breakfast program.
Code Numbers: Function Descriptions and Definitions:
Revised 7/1/2002
K-17
4452 USDA Reimbursement - National School Lunch Program - Federal program funds allowed under CFDA # - 10.555 - National school lunch program.
4453 USDA Reimbursement - Summer Food Service Program - Federal program funds allowed under CFDA # - 10.559 - National school lunch program.
4454 Donated Commodities Federal program assets allowed under CFDA # 10.550 -Food d istribution.
4455 Extended D ay Reimbursement 4456 FDC Homes Pass-through Funds 4457 FDC Homes Administrative Funds -
4460 Title II - Federal program funds allowed under CFDA #84.281 - Eisenhower professiona l develop ment - state grants.
4470 Job Training Partnership Act (JTPA) - Federal program funds allowed under CFDA
#17 .250 - Job Tra ining P artners hip A ct.
4472 School to Careers Federal program funds allowed under CFDA # 17.249 -Em ploym ent serv ices an d jo b trainin g - pilot an d de mon stration p rogra ms.
4475 21st Century - Federal pro gram funds a llowed und er CFD A # 8 4.287 - Twenty-First century com munity learning centers.
4476 Class Size Reduction - Federal pro gram funds a llowed und er CFD A # 8 4.340 - Class size reduction.
4480 - 4499 Othe r restricted gra nts-in-aid - Other restricted fed eral gra nts not re quire d to be reported elsewhere.
Rev enue in Lieu of T axes: Comm itments or payments made out of general revenues by the federal government to the LEA in lieu of taxes it would have had to pay had its property or other tax base been subject to taxation by the LEA on the same basis as privately owned property or other tax base. Such revenue would include payment made for privately owned pro perty w hich is no t subje ct to taxa tion on the sam e bas is as othe r priva tely own ed p rop erty due to actio n by the federal gov ernm ental un it.
4510 TVA - Fede ral fund s in lieu of tax es from the T enne ssee V alley Au thority.
4520 Nationa l Forest - Federal funds in lieu of taxes o n federally owned forest lands.
4590 Other revenue received in lieu of taxes - Other revenue received in lieu of taxes not required to be reported elsewhere.
Revenue for/on Behalf of the LEA: Commitments or payments made by the federal government for the benefit of the LEA, or contributions of equipment or supplies. Such revenue includes a contribution of fixed assets by a federal governmental unit to the LEA and foods donated by the federal government to the LEA. Separate accounts should be
maintained to identify the specific nature of the revenue item.
4900 Revenue for/on Behalf of the LEA
Code Numbers: Function Descriptions and Definitions:
K-18
Sixteenth Section Sources
Revenues derived from the use of sixteenth section lands held in trust by the school district and from the investment of sixteenth section fund s.
Ren ts and L eases: Revenues from the rental of sixteenth section lands for residential, farm or commercial use. [NOT E: Leases would suggest a yearly payment for the use of the pro perty.)
5110 Surface Leases 5120 Mineral Leases 5130 Hunting Leases
Sale of T imber a nd F orest P rodu cts: Revenue s from the sale o f timber and fo rest pro duc ts
Sale of T imber a nd F orest P rodu cts: Revenue s from the sale o f timber and fo rest pro duc ts