Special Education Support Flashcards
7 cards from real AICPA practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 7 Special Education Support flashcards as text
Under IDEA Part B, how must local education agencies (LEAs) track and report federal special education funds to ensure compliance?
Answer: Maintain separate fund accounting and submit annual performance reports to the state
LEAs must maintain separate fund accounting for IDEA Part B funds and submit annual performance reports to the state education agency as required by federal regulations.
Which cost allocation method is most appropriate when a special education teacher provides services to students across multiple federal programs?
Answer: Direct cost identification based on time-and-effort records
Time-and-effort records support direct cost identification, which is required by federal Uniform Guidance (2 CFR Part 200) when employees work on multiple federal awards.
A district receives a $500,000 IDEA Part B grant. The CFO wants to use $75,000 for general administrative overhead. What must be established first?
Answer: An indirect cost rate approved by the cognizant federal agency
Charging indirect costs to a federal grant requires a federally approved indirect cost rate or a cost allocation plan negotiated with the cognizant agency.
What is the 'maintenance of effort' (MOE) requirement as it applies to IDEA funding for a school district?
Answer: The district must spend at least as much from local funds on special education as it did in the prior fiscal year
Maintenance of effort requires that LEAs not reduce local or state spending on special education below the prior year's level, ensuring federal funds supplement rather than supplant existing expenditures.
During a Single Audit of a school district, the auditor identifies that IDEA funds were used to pay for general education textbooks. This is an example of:
Answer: An unallowable cost that represents a material noncompliance finding
Using IDEA funds for general education materials that do not benefit students with disabilities is an unallowable cost and constitutes material noncompliance under the Single Audit Act.
A special education coordinator submits expenses for an out-of-state professional development conference. Under Uniform Guidance, which condition makes this cost allowable?
Answer: The travel is necessary, reasonable, and consistently applied per the entity's written travel policy
Under 2 CFR Part 200, travel costs are allowable when they are necessary, reasonable, and conform to the entity's consistently applied written travel policy.
Which financial statement presentation best reflects a not-for-profit school district's restricted IDEA grant funds under GASB standards?
Answer: As a restricted fund balance in the governmental fund financial statements
Under GASB standards, unspent restricted grant revenues are presented as restricted fund balance in the governmental fund balance sheet until the qualifying expenditures occur.