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Interest Earned on Federal Funds

Guidance to local educational agency (LEA) fiscal officials regarding federal administrative requirements related to interest earned on advances of federal program funds.

Resources for Calculating Interest on Federal Funds

Calculating Interest on Federal Funds
An enclosure within the Interest on Federal Funds (letters above) that provides guidance for calculating interest on these funds.

Reimbursable Programs
List of reimbursable programs typically not included in federal interest calculations. When remitting interest to CDE, please be aware that interest is only calculated for funds received in advance, not on a reimbursement basis. This link is a list of federal programs that typically would not be included in your federal interest calculations.

Interest Earned on the Cafeteria Account/Fund
Management Bulletin providing clarification on interest earned in non-profit cafeteria funds.

Interest Earned on Federal Funds Letters

Requirements for remitting interest earned on advances of federal program funds.

Questions: Cash Management | CASHMANAGEMENT@cde.ca.gov | 916-322-2288 
Last Reviewed: Friday, January 8, 2021
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