This NCES Handbook is designed to be the national standard for state departments of education when reporting financial data and for school districts when preparing comprehensive annual financial reports (CAFRs). The 2003 Edition contains guidance reflecting the Governmental Accounting Standards Board Statements (through Statement 39). There are chapters on budgeting, governmental accounting, and financial reporting. Moreover, account codes have been updated to reflect changes in the new reporting requirements and developments in technology and security. There is also a chapter on student activity fund accounting and a model for school level program cost accounting. Use of Financial Accounting for State and Local School Systems, 2003 Edition will help to ensure that education fiscal data is reported across the nation in a comprehensive manner.
Publications of the National Forum on Education Statistics do not undergo the formal review required for products of the National Center for Education Statistics. The information and opinions published here are the product of the National Forum on Education Statistics and do not necessarily represent the policy or views of the U.S. Department of Education or the National Center for Education Statistics.