American Recovery and Reinvestment Act

POLICY STATEMENT

Delta State University receives American Recovery and Relief Act (ARRA) funds from the federal government and through direct appropriations from the state of Mississippi. It is the policy of Delta State University that all ARRA funds shall be subject to the same generally accepted accounting principles as found in the university’s accounting policies and procedures. All ARRA funds will be presented in the university’s financial statements prepared in accordance with the Government Accounting Standards Board (GASB) principles. 

DEFINITIONS

ARRA Funds: All funds received as part of the American Recovery and Relief Act.  

PROCEDURES and RESPONSIBILITIES

The University Comptroller shall ensure that ARRA funds are deposited and expended in segregated funds and not commingled with other university funds. The Comptroller will also ensure that all 1512 reports and any other reports required by the federal or state government regarding ARRA funds are filed at the appropriate deadlines.

RELATED DOCUMENTS

• None