The Local Finance Reporting Office in the Maryland State Department of Education (MSDE) Office of Policy Analysis and Fiscal Compliance is responsible for developing, collecting, reviewing, evaluating, editing, reporting, and publishing local schools system's financial data.
It administers the automated financial reporting system (the Annual Financial Report and Grant Reporting System) to serve the purpose of answering State and/or federal surveys in the form of special projects or reports. This office also administers compliance with Maintenance of Effort requirements (MOE) under the Bridge to Excellence, makes determinations on eligibility for Nonrecurring Cost exclusions from MOE calculations, and provides support to the Master Plan review process.
The responsibilities also include providing guidance to the 24 Maryland school systems’ staff regarding accounts classification and grants reporting procedures; assisting the school systems’ staff to ensure reporting deadlines are met; administering the usage of the Grant and Annual Financial Report System by providing training to users of the system; and compiling, reviewing, and publishing the annual
Selected Financial Data on the MSDE website.