Special Education Listserv
Subject: FY13 Payment for High Need Fund (HNF)
Source: Special Education Finance
Intended Audience: Special Education Directors, Financial Administrators
Date: February 11, 2013
Approximately 64% of the FY13 High Need Fund (HNF) payment for services provided during the 2011-12 school year will be made in the February 2013 school payment. This payment will include both state and federal funding. Due to the significant increase in the amount of reimbursement requested through the HNF, the Department is unable to pay the full reimbursement at this time. The remaining payment (approximately 36%) will be made this fiscal year if an increased supplemental request is approved through the legislative process. If not, the remaining payment will be made in July.
Districts may view the FY13 HNF payment amounts at: http://dese.mo.gov/divspeced/Finance/HighNeedIndex.html. The state funded portion will be listed under revenue code 5381 and the federally funded portion will be listed under revenue code 5437 in the payment transmittal. Because districts receive a portion of the HNF payment from federal funds, these funds must be expended or coded to a journal entry/correction within three days of receipt. Further federal guidelines and resources are located at: http://dese.mo.gov/divspeced/Finance/FiscalMonitoring.html.
If you have any questions, please contact the Special Education Finance Section at (573) 751-0622 or by email at email@example.com.