2007-08 WSF Implementation Manual - reach

Weighted Student Formula/School Financial Plan Implementation Manual
B. CARRYOVER
1. Carryover of WSF Program IDs
• FY 2006-07 carryover to FY 2007-08: Planned Carryover will remain in
the same WSF Program ID as the allocation. FMS balance carryover from
WSF Program IDs will be lumped into WSF Program ID 42100-07, and
allocated in Character F.
• FY 2007-08 carryover to FY 2008-09: Planned Carryover will remain in
the same WSF Program ID as the allocation. FMS balance carryover from
WSF Program IDs will be lumped into WSF Program ID 42100-08, and
allocated in Character F. This is the same procedure as the two prior
years.
2. Carryover of Categorical Program IDs
Those categorical Program IDs which currently have carryover privileges will
continue to carry over in the same Program ID; there is no change due to
WSF.
3. Limitations on Carryover
Carryover for the DOE is limited to 5% of the total general fund appropriation
(HRS §37-41.5). Each school should do its best to limit its general fund
carryover to 5% of the school’s allocations in Characters A1, B, and C to
ensure the DOE does not exceed the statutory limit. [Draft recommendation
to Assistant Superintendent, pending confirmation 8/15/07.]
4. Documentation of Carryover in Financial Plan
If a school is planning to use carryover to fund the financial plan, a notation
should be included in the Notes sheet regarding the estimated amount of
carryover and the way it will be used. Carryover dollars are not included on
the Financial Plan template.
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