End-of-Year Fiscal Planning
Tools, Reports, and Reminders for Arkansas Schools
As the school year wraps up, it’s important for districts to stay ahead of key fiscal requirements. A recent Commissioner’s Memo outlines several end-of-year financial obligations that require timely attention. To support this process, APSRC provides a suite of CFAM reports that can help verify compliance and identify trends across current and prior years. If your school does not have CFAM yet, it is available at no cost for one more month. To get started today, please visit www.apsrc.net/cfam.
Read the Commissioner’s Memo
Fund Balance and Expenditure Guidance for M&O 9%, Gifted & Talented, Net Legal, Enhanced Student Achievement (ESA), and Categoricals
Memo Number: COM-25-059
Memo Date: 5/27/2025
Memo Type: Informational
Unit: District Operations
Regulatory Authority: Ark. Code Ann. §§ 6-21-803, 6-21-808(d), and 6-20-2305(a)
Attention: Assistant Superintendent; Bookkeepers; Federal Programs; General Business Managers; Superintendents
You can view the full memo and guidance here: https://adecm.ade.arkansas.gov/ViewApprovedMemo.aspx?id=5742
Use CFAM Reports to Stay Compliant and Informed:
APSRC has a number of CFAM Reports that schools can use to verify these, as well as see trends over current and prior fiscal years.
551 - 9% Maintenance and Operation: https://cfam.apsrc.net/#/views/CFAM/5519MO
552 – ESA and Categorical Requirement: https://cfam.apsrc.net/#/views/CFAM/552ESACategoricalReqmt
553 - Maintenance of Effort: https://cfam.apsrc.net/#/views/CFAM/553MOE
554 – SpEd Maintenance of Effort: https://cfam.apsrc.net/#/views/CFAM/554MOEforSpEd
555 – GT Expenses: https://cfam.apsrc.net/#/views/CFAM/555GT
For assistance with CFAM, please visit www.apsrc.net/cfam or visit the CFAM login page at http://cfam.apsrc.net.
Plan Ahead for Financial and Tech Systems:
This is also a great time to reflect on internal systems and consider improvements before the next fiscal year begins. Whether you’re planning to implement P-Cards, looking to take credit card payments across your district, or preparing for your next E-Rate cycle, early planning can streamline transitions and prevent compliance issues down the line.
