REVISED 3/2012
Instructional Funds Transfer
There are times when an ES needs to transfer Instructional Funds. The transfer of instructional funds between ESs due to student transfers is automatic, but there are other times when a transfer might be appropriate. All IF transfers from one ES to another are subject to ES Advisor review and approval, as well as the parents involved.
Types of IF transfers:
-for the "purchase" of an item from one family to another or from one ES to another
-to transfer funds from family to family (same ES) with advisor and parent approval
-to correct a possible funding error due to a student transfer
Transfers that involve the "purchase" of materials, are done in FRED using the Materials Accountability Process.
Other transfers are completed by e-mailing the following information to your Advisor or by using the Transfer of Funds Request. http://www.connectingwaters.org/CWforms/transfunds.pdf
-The reason for the transfer
-From whose account (ES and #/Parent and #) to whose account (ES and #/Parent
and #)
-The amount to be transferred
-Is this student dropping mid-year?
-An email from the parent must be included also, or provide their signature on
the hardcopy form
Note regarding ES budgets:
-At the beginning of a semester, funding is placed in an ES's budget for a student based on their date of enrollment
and the expected amount of
-If a student drops (including graduates) mid-year, the remaining unused funds
are returned to the general school budget following this Drop Student IF
process.
-All Transfer of funds must be requested prior to the same date as
the