![\"Car](\"https:\/\/www.hsco-cpa.com\/blog\/wp-content\/uploads\/2014\/08\/July2014-Car-Rental-Insurance-300x152.jpg\")
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Below are two items which have come to our attention over the past week that we wanted to share with you:<\/p>\n
State Audit Deadline Extension<\/span><\/span><\/strong><\/p>\n As you may know, the State Superintendent was granted flexibility authority, contained within the Continuing Resolution passed, which extended to South Carolina Code Section 59-17-100 and the State Board of Education Regulation Section 43-172 (II).\u00a0 <\/span>This allows for the extension of the December 1 deadline for all financial statement audits to be submitted.\u00a0 <\/span>At the request of the Department of Education, this deadline has been extended to January 15, 2020.<\/p>\n Carryforward Authority of State Fundi<\/span>ng<\/span><\/span><\/strong><\/p>\n As a part of the Continuing Resolution and as a way to allow funds from prior years to be spent, the State Department of Education has granted a waiver of the one year carryover restriction on all state funds carried from FY18-19 to FY19-20.\u00a0 <\/span>These funds can be carried for one additional year but must be spent during FY20-21.\u00a0 <\/span>This does not apply to any federal funds carried forward.<\/p>\n As a point of clarification, this resolution did not extend the same waiver to funds issued in FY20.\u00a0 <\/span>If funds were issued in FY20, those funds fall under the normal guidelines. If you have funds with a \u201cNo Carryover Provision\u201d issued in FY19-20, those funds must be spent or returned in FY20.\u00a0 <\/span>The one year carryover allowance still is in place for funds without the above mentioned provision.<\/p>\n Summary<\/b> <\/span><\/span><\/p>\n As always, our staff are here to assist you in any way possible.\u00a0 <\/span>We know that these are very different times and things are handled differently as scenarios could change week to week.\u00a0 <\/span>If there is anything we can do to assist you, please do not hesitate to let us know. We are, as always, here to help in any way we can.<\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" Below are two items which have come to our attention over the past week that we wanted to share with you: State Audit Deadline Extension As you may know, the State Superintendent was granted flexibility authority, contained within the Continuing Resolution passed, which extended to South Carolina Code Section 59-17-100 and the State Board of… Continue reading Deadline Extension and Carryforward Authority<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.hsco-cpa.com\/blog\/wp-json\/wp\/v2\/posts\/415"}],"collection":[{"href":"https:\/\/www.hsco-cpa.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.hsco-cpa.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.hsco-cpa.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.hsco-cpa.com\/blog\/wp-json\/wp\/v2\/comments?post=415"}],"version-history":[{"count":8,"href":"https:\/\/www.hsco-cpa.com\/blog\/wp-json\/wp\/v2\/posts\/415\/revisions"}],"predecessor-version":[{"id":424,"href":"https:\/\/www.hsco-cpa.com\/blog\/wp-json\/wp\/v2\/posts\/415\/revisions\/424"}],"wp:attachment":[{"href":"https:\/\/www.hsco-cpa.com\/blog\/wp-json\/wp\/v2\/media?parent=415"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.hsco-cpa.com\/blog\/wp-json\/wp\/v2\/categories?post=415"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.hsco-cpa.com\/blog\/wp-json\/wp\/v2\/tags?post=415"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}