Current News

The Arkansas Department of Education has released a commissioner’s memo that provides clarification of Title I Methodology test submission requirements. The new guidance states that the following LEAs are excluded from the Methodology Test submission requirement: Single School LEAs (K-12) LEA LEAs with only one school per grade span LEAs in which all schools are Title I participating. Districts that are excluded will be required to submit a Supplement, Not Supplant Demonstration of Compliance letter. Click here to download the letter. All LEAs will be required to upload either a Demonstration of Compliance letter or their chosen Title I Methodology into Indistar by October 15, 2018. The deadline has been extended to give districts time to get the required signatures. A copy of the Demonstration of… Read More

The Arkansas Department of Education has set the bidding threshold requirement for the purchase of commodities under Arkansas Code Annotated § 6-21-304. Based on a 2.5% increase in the Consumer Price Index, the commodity bidding threshold will increase from $20,000 to $20,500 for the 2018-19 school year. In any instance where the estimated purchase price is equal to or above $20,500, the commodity shall be procured by soliciting bids. Read More

Effectively immediately for FY18 all legal balance transfers from the general operating fund (2001) to the building fund can be transferred only to the designated/required building fund/source of fund (3200). The only revenue allowed in this fund will be transfers from the general operating fund (2001). (Coding example for transfer from Fund 2001: 2001-5200-000-000-00 69330; and revenue into fund 3200 is revenue account 52200). See RT-18-021 for additional details. Read More

The Arkansas Department of Education releases Commissioner’s Memo regarding Audit Corrective Action Procedures for FY2017. The memo includes instructions for timely implementing and submitting an appropriate Corrective Action Plan (CAP).  A sample template for Corrective Action Responses is also included. Click the link to access memo FIN-18-028. Read More

The IRS has extended the 2018 deadline by which certain entities must provide 2017 health coverage information forms to individuals. Insurers, self-insuring employers, other coverage providers, and applicable large employers now have until March 2, 2018, to provide Forms 1095-B or 1095-C to individuals. The original due day was January 31, 2018. Read More