2007-08 Adopted Plan - Wake County Public School System

GlossaryTrust and Agency FundRevenues and expenditures for trust and agency funds as needed by thelocal education agency to account for trust and agency arrangementssuch as endowments, funds of individuals held by the School FinanceOffi cer, and special funds of individual schools.TSDTechnology Services DivisionTTFTransition Training FacilitatorTydings AmendmentFederal law provides that certain federal funds not obligated during thefi rst year of allotment shall remain available for obligation and expenditurefor one additional year. Federal grant periods vary. Therefore, eachgrant must be reviewed to determine if the Tydings Amendment willapply. Since the federal fi scal year begins October 1 and the state fi scalyear begins July 1, many grant periods can be active up to 27 monthswhen provisions of the Tydings Amendment are applicable.It is essentially the amount of money still available for future purposes.Uniform Budget FormatThe State Board of Education, in cooperation with the Local GovernmentCommission, shall cause to be prepared and promulgated a standardbudget format for use by local school administrative units throughout thestate. The format shall be organized to enable the board of educationand the board of county commissioners to accomplish the local fi scalpolicies embodied in the uniform budget format, facilitate the control andfi scal management of the local school administrative unit, and facilitatethe gathering of accurate and reliable fi scal data on the operation of thepublic school system.Uniform Chart of AccountsIn 1975, the General Assembly enacted a law requiring a uniformaccounting system for all local education agencies effective July 1, 1976.The NC Public Schools Uniform Chart of Accounts is a complete listingof account codes for recording public school expenditures by differentdimensions available for LEAs. It classifi es the individual accounts byfund, function, program report code, and object.Unreserved Fund BalanceThe portion of a fund’s balance that is not restricted for a specifi c purposeand is available for general appropriation.UERSUniform Education Reporting System. The comprehensive systemby which LEAs and Charter Schools report data electronically to theDepartment of Public Instruction. Some components of UERS includeSIMS (Student Information Management System), and expenditurereporting in compliance with the Uniform Chart of Accounts.Undesignated Fund BalancePortion of the total fund balance available for appropriation which isuncommitted at year end.UPSUninterruptible Power SupplyUSDAUnited States Department of AgricultureUser ChargesThe payment of a fee for direct receipt of a public service by the partywho benefi ts from the service.Unencumbered BalanceThe amount of an appropriation that is neither expended nor encumbered.410