The New Jersey Schools Development Authority is getting a direct appropriation of $75 million from New Jersey’s fiscal year 2022 budget to provide funding for projects related to emergent and capital maintenance needs, according to a joint memo from the New Jersey Department of Education and New Jersey Schools Development Authority sent to stakeholders.
The funding is available to Schools Development Authority Districts and Regular Operating Districts to address emergent projects as well as capital maintenance projects, especially for facilities costs to address COVID-19 concerns.
The funding is available to offset district costs associated with ensuring students have safe and healthy learning environments. Districts can use these funds to offset appropriate project costs incurred this fiscal year.
You can find more information on the funding by referring to:
- A New Jersey Department of Education chart identifying the funding available to your district for appropriate project costs.
- A certification to be signed by the district superintendent or business administrator stating that the funds provided will be used by the district for an appropriate purpose, which includes a project listing form (Attachment A) for the district to identify project(s) for which the funds would be appropriately used.
The NJDOE provided the following accounting guidance related to the utilization of the funds:
Funds for “SDA emergent needs and capital maintenance in school districts” will be recorded in the Special Revenue Fund in new account number 20-3257, which will be included on new revenue line number 763. Expenses related to this funding will be recorded in the Special Revenue Fund in new program code 492, in function and object codes applicable to the approved project, account numbers 20-492-xxx-xxx, new line number 88136. As with any recordation of fund utilization, the records maintained by the district are subject to audit. If you need any assistance accounting for these funds, please contact email@example.com.
Upon submission to the SDA of a duly executed certification, the NJSDA and NJDOE will review the project(s) identified by the district on Attachment A to confirm that the scope represents an eligible emergent project and/or a capital maintenance project. After such confirmation, the NJSDA will provide the identified funds to the district through electronic transfer.
Please provide the Certification, including Attachment A and Wire Transfer Account Information to NJSDA at: FY22Grant@njsda.gov. Questions regarding this process should be directed to NJSDA at FY22Grant@njsda.gov.