1. building blocks to successful management of title iii funds part i managing title iii funds 2
TRANSCRIPT
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Building Blocks to SuccessfulManagement of Title III Funds
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Building Blocks to SuccessfulManagement of Title III Funds
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Building the Foundation
It is imperative that Title III Administrators:
ALWAYS align expenditures with the purpose of the proposed programming
NEVER use Title III funds to supplant, ONLY supplement
Supplement –to add to; to enhance; to expand; to increase; to extend; to create something new
Supplant –to take the place of; to replace by something else
Understanding Purpose
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Building the Foundation
When designing Title III programming, Title III Administrators must consider:
Existing programming currently supported by institutional funds
Proposed budgets should not include funding for programming currently supported by institutional funding. This is considered supplanting.The exception to this rule is if there
is diminished budgeting, where the institution can substantiate that reductions in institutional funding available will lead to the elimination of necessary programming
Understanding Purpose
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Building the Foundation
When designing Title III programming, Title III Administrators must consider:
Impact of new programming to institutional budget and operations, such as (but not limited to):
Are new positions proposed that will require the College to absorb the costs of new personnel in the future?
Is existing space available for any new activities, new equipment, etc proposed for funding?
If new equipment is requested, can existing facilities support the equipment? (i.e. electrical, etc.)
Understanding Purpose
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Building on the FoundationBlock I……Communication
Title III managem
ent is a
partnership between
Activity Directors,
Title III Program
Administrator(Directo
r), and the Business
Office
Title III managem
ent is a
partnership between
Activity Directors,
Title III Program
Administrator(Directo
r), and the Business
Office
Coop
erat
ive
Activ
ities
Coop
erat
ive
Activ
ities
•
Qua
rter
ly
reco
nciliat
ions
•
Qua
rter
ly
reco
nciliat
ions
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Building on the FoundationBlock II……Fiscal Compliance
Fiscal Compliance is the shared responsibility of Activity Directors, Title III Administrators and the Business Office.
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Building on the FoundationBlock II……Fiscal Compliance
Fiscal Compliance begins with knowledge of terms and regulations applicable to Title III grants
OMB Circulars A-21 (http://www.whitehouse.gov/omb/circulars_a021_2004OMB Circular A-110
(http://www.whitehouse.gov/omb/circulars_a110)EDGAR , Title 34 CFR parts 74-86 and
97-99(http://www2.ed.gov/policy/fund/reg/edgarReg/edgar.html)
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Building on the FoundationBlock II……Fiscal Compliance
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Building on the FoundationBlock II……Fiscal Compliance
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Building on the FoundationBlock II……Fiscal Compliance
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Building on the FoundationBlock II……Fiscal Compliance
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Building on the FoundationBlock II……Fiscal Compliance
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Building on the FoundationBlock II……Fiscal Compliance
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Building on the FoundationBlock II……Fiscal Compliance
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Building on the FoundationBlock II……Fiscal Compliance
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Building on the FoundationBlock III……On the Horizon
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Building on the FoundationBlock III……On the Horizon
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Building on the FoundationBlock III……On the Horizon
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Building on the FoundationBlock III……On the Horizon
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Building on the FoundationBlock III……On the Horizon
OMB Reform
These reforms are currently in the discussion phases and may or may not be implemented, however, it is interesting to consider how some of the aforementioned reforms may effect current institutional practices.
The lesson…Stay informed and prepared.
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Building on the FoundationBlock III……On the Horizon
Questions?
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