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Fiscal Management February 3, 2015.

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Presentation on theme: "Fiscal Management February 3, 2015."— Presentation transcript:

1 Fiscal Management February 3, 2015

2 Requirements Elementary and Secondary Education Act (ESEA) – Part B, Section 4201 Non-Regulatory Guidances – Section G – Local Use of Funds Purpose of Grant Expenses Expenses are for purposes of approved grant application funds on the CCIP budget and budget narrative.

3 Purpose of Grant Expenses
Expenses are for purposes of approved grant application funds on the CCIP budget and budget narrative. Purpose of Grant Expenses Expenses are for purposes of approved grant application funds on the CCIP budget and budget narrative.

4 Purpose of Grant Expenses
Expenses must be used toward academic, youth development and parent and family engagement enrichment initiatives for after school program.

5 Expenditures $ Must be: -Reasonable -Allowable -Necessary

6 Expenditures $ Use common sense when making expenditure decisions

7 Allowable Use of Funds Transportation costs Curriculum materials
Supplies, including computers/printers, pertaining to academic enrichment Staff salary and benefits

8 Allowable Expenditures
Student incentives Program evaluation

9 Allowable Expenditures
Youth development contractors Rent (reasonable and necessary/for afterschool activities only)

10 Unallowable Expenditures
Examples include: Food (of any kind) for program needs Grant Writer Vehicle Purchase Building Purchase or major Repairs/Renovations

11 Program Budget Review approved CCIP budget narrative Review most recent approved CCIP budget

12 Program Budget Justification needed for all budget revisions in excess of 10% in an Object Code Governance/Administrative – Up to 15% of award

13 Reporting Financial Detailed Report by Object Code (FINDET)
Budget Ledger (BUDLED) Report of all Year-end expenditures and Fund 599 USAS Coded Accounting Records

14 Processes Budget Revisions USAS Coding
Grants Management vs 21st Century staff Contracts

15 Common Questions

16 education.ohio.gov

17 Social Media Ohio Families and Education Ohio Teachers’ Homeroom
ohio-department-of-education storify.com/ohioEdDept @OHEducation OhioEdDept


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