Funding describes the monies received by the school, district, or BOCES. Funding is described by four major sources of funding: Local, State, Federal, and Other.
The four major sources of funding are described below.
A fund is an independent fiscal and accounting entity with a self-balancing set of accounts for recording cash and other financial resources. It contains all related assets, liabilities and residual equities or balances, or changes therein. Funds are established to carry on specific activities or attain certain objectives of the school district according to special legislation, regulations, or other restrictions.