fiscal management february 3, 2015. requirements elementary and secondary education act (esea) –...

Fiscal ManagementFebruary 3, 2015

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.

Purpose of Grant Expenses

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

Expenditures

Must be:

-Reasonable

-Allowable

-Necessary$

Expenditures

Use common sense when making expenditure decisions$

Allowable Use of Funds• Transportation costs • Curriculum materials • Supplies, including computers/printers,

pertaining to academic enrichment• Staff salary and benefits

Allowable Expenditures

Student incentives

Program evaluation

Allowable Expenditures

Youth development contractors

Rent (reasonable and necessary/for afterschool activities only)

Unallowable Expenditures

Examples include: • Food (of any kind) for program needs• Grant Writer• Vehicle Purchase• Building Purchase or major

Repairs/Renovations

Program Budget

Review approved CCIP budget narrative

Review most recent approved CCIP budget

Program Budget

Justification needed for all budget revisions in excess of 10% in an Object Code

Governance/Administrative –

Up to 15% of award

Reporting

Financial Detailed Report by Object Code (FINDET)

Budget Ledger (BUDLED)

Report of all Year-end expenditures and Fund 599 USAS Coded Accounting Records

Processes

Budget Revisions US AS Coding Grants Management vs 21st

Century staff Contracts

Common Questions

education.ohio.gov

Social Media

@OHEducation

ohio-department-of-education

Ohio Families and EducationOhio Teachers’ Homeroom

OhioEdDept

storify.com/ohioEdDept