Ed Management Services

Updated SSBA Accounting Guidance FAQ

Q: How will SSBA funds be accounted for? In the General Fund, Special Aid Fund or Capital Fund?

A: Revenue Account Code for School Districts for Smart Schools Bond Act funds

School districts will be required to separately identify these funds within their current financial accounting framework. The school district annual financial reporting document, the ST-3, will be updated with a new capital revenue code, H3297 – State Sources, Other (SSBA).

Existing Expenditure Account Codes for School Districts for Smart Schools Bond Act funds

School districts will be required to separately identify these expenditures within their current financial accounting framework. Existing Schedule G3 Capital Projects Fund codes should be used. Districts should create new account codes by adding 'SSBA' or a specific 4-digit code to the end of the expenditure's account code to distinguish SSBA from the rest of the Capital Fund's account code.

Last Updated: February 8, 2016