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Fiscal Management February 3, 2015. Requirements  Elementary and Secondary Education Act (ESEA) – Part B, Section 4201  Non-Regulatory Guidances – Section.

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Presentation on theme: "Fiscal Management February 3, 2015. Requirements  Elementary and Secondary Education Act (ESEA) – Part B, Section 4201  Non-Regulatory Guidances – Section."— 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

3 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 21 st Century staff  Contracts

15 Common Questions

16 education.ohio.gov

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


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