Recordkeeping for funds under part B of IDEA

A local educational agency shall keep records to show that it has spent at least the minimum amount or average amount determined through the formula process on the education of its students with disabilities. The formula process to determine the minimum or average amount is as follows: 1. Add all local educational agency expenditures in the preceding year, except capital outlay and debt service; 2. Subtract federal, state, and local funds spent in the preceding year for three categories of children disabled, educationally deprived, and bilingual; and 3. Divide the result by the average daily membership of students enrolled in the local educational agency, computing elementary and secondary into different computations.