What's New: 2024-25 Charter Alternative Form

Charter School Alternative Form What's New
2024–25 Unaudited Actuals Reporting Period

Listed below is a summary of changes made to the 2024–25 Charter School Alternative Form (ALT Form) reporting components of the SACS Web System.

Form Changes

• B. Expenditures—6. Capital Outlay Section
  • Revised the line description for B.6. Capital Outlay from “(Objects 6100-6170, 6200-6500 modified accrual basis only)” to “(Objects 6100-6170, 6200-6700 modified accrual basis only)."
  • Revised the line description for Object 6910 from “Amortization Expense – Lease Assets” to “Amortization Expense – Lease Assets (accrual basis only).”
  • Revised the line description for Object 6920 from “Amortization Expense – Subscription Assets” to “Amortization Expense – Subscription Assets (accrual basis only).”
  • Disabled Object 6700 Subscription Assets for data entry when Accrual Basis is selected.
  • Disabled Object 6920 Amortization Expense – Subscription Assets (accrual basis only) for data entry when Modified Accrual Basis is selected.
• L. Federal Every Student Succeeds Act (ESSA) Maintenance of Effort Requirement—4. State and Local Expenditures to be Used for ESSA Annual Maintenance of Effort Calculation:
  • Modified the description and calculation for Line 4.e. Less Capital Outlay & Debt Service [Total B6 plus objects 7438 and 7439, less L1 Total, less objects 6600 and 6910] to exclude objects 6700 and 6920. The new description and calculation is [Total B6 plus objects 7438 and 7439, less L1 Total, less objects 6600, 6700, 6910 and 6920].

Internal Form Checks

• ALT Form Pop Up Message
  • Modified the description of the basis of accounting selection prompt in the ALT Form Pop up Message and the ALT Form top message to include object codes 6700 and 6920.
• ALT013 IFC-ALT-UA-TotalState&LocalExpendituresSubjectToMOEMustBePositive
  • Added new Warning IFC ALT013. For this IFC, Line L.4. Total State & Local Expenditures Subject To MOE must be positive.
  • Failing this IFC will trigger the TRC CHALT_CHK_UNBALANCED_A.

Revised Technical Review Checks

• CHALT_ASSETS_POSITIVE
  • Added Line G.8 to the TRC.
• CHALT_CHK_UNBALANCED_A
  • Corrected the TRC to generate an exception for IFC ALT010 as expected.
  • Modified the TRC to include the new Warning IFC ALT0013.
• CHALT_CEFB_POSITIVE
  • Modified the failed TRC Message to: “CHALT_CEFB_POSITIVE - W - The following Components of Ending Fund Balance (lines F.2.a.1. through F.2.e.1., and lines F.3.a. through F.3.c., objects 9711 through 9797 or 9790A) have a negative balance, by column. Please explain the factors causing the negative balance(s) and any other information that may be helpful to the reviewing agency.”
• CHALT_EFB_POSITIVE
  • Modified to not run for Accrual Basis.
  • Modified the failed TRC Message to: “CHALT_EFB_POSITIVE - W - Ending Fund Balance/Net Position, June 30 (Line F.2.) is negative for the following column(s). Please explain the cause of the negative balances and the LEA’s plan to resolve them.”
• CHALT_EXCESS_ASSIGN_REU
  • Modified to not run for Accrual Basis.
• CHALT_MOE_CAP_OUTLAY
  • Minor cosmetic update.
  • Corrected the TRC to generate an exception when expected.
• CHALT_MOE_DEBT_SERVICE
  • Minor cosmetic update.
  • Corrected the TRC to generate an exception when expected.
• CHALT_MOE_STATE_LOCAL_EXP_POSITIVE
  • Minor cosmetic update.