Common use of District as Fiscal Agent Clause in Contracts

District as Fiscal Agent. Each district agrees to serve as the fiscal agent for its WLC schools and will: • Allocate all school-level earned funds and units to the school that can’t be less than the prior year unless there is a significant drop in enrollment or availability of state and/or federal funds. An estimated allocation should be communicated by May 15, with the final allocation by July 15. Nothing in this agreement shall impose obligations upon a district after the agreement terminates or expires. To the extent that districts previously raised referendum funding for certain purposes, the WLC and WLC schools will continue to use funds in ways consistent with these uses. • Process all financial transactions, including payroll, and respond to audits, consistent with the State of Delaware Budget and Accounting Policy Manual and federal and state law and regulations, being cognizant of and in coordination with district policies. • Provide financial supports and guidance as appropriate.3

District as Fiscal Agent. Each district agrees to serve as the fiscal agent for its WLC schools and will: • Allocate all school-level earned funds and units to the school that can’t be less than the prior year unless there is a significant drop in enrollment or availability of state and/or federal funds. An estimated allocation should be communicated by May 15, with the final allocation by July 15. Nothing in this agreement shall impose obligations upon a district after the agreement terminates or expires. To the extent that districts previously raised referendum funding for certain purposes, the WLC and WLC schools will continue to use funds in ways consistent with these uses. • Process all financial transactions, including payroll, and respond to audits, consistent with the State of Delaware Budget and Accounting Policy Manual and federal and state law and regulations, being cognizant of and in coordination with district policies. • Provide financial supports and guidance as appropriate.3

District as Fiscal Agent. Each district agrees to serve as the fiscal agent for its WLC schools and will: • Allocate all school-level earned funds and units to the school that can’t be less than the prior year unless there is a significant drop in enrollment or availability of state and/or federal funds. An estimated allocation should be communicated by May 15, with the final allocation by July 15. Nothing in this agreement shall impose obligations upon a district after the agreement terminates or expires. To the extent that districts previously raised referendum funding for certain purposes, the WLC and WLC schools will continue to use funds in ways consistent with these uses. • Process all financial transactions, including payroll, and respond to audits, consistent with the State of Delaware Budget and Accounting Policy Manual and federal and state law and regulations, being cognizant of and in coordination with district policies. • Provide financial supports and guidance as appropriate.3appropriate.