Transcript Slide 1

Andrew S. Johnson
Grants Management Specialist
Montana Postsecondary Perkins Winter
Training
Perkins Fiscal Management
February 26, 2014
Perkins and Fiscal Management
• Perkins IV Law
– Perkin IV Questions and Answers (non-regulatory guidance)
• Education Department General Administrative
Regulations (EDGAR)
• Office of Management and Budget “Omni
Circular”
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Perkins and Fiscal Management
• Perkins IV Law-Relevant fiscal sections
• Section 111-Reservations and State Allotments
– Determines State by State allocation after Perkins appropriation
finalized
• Section 112 Within State Setasides
– Line item floors and ceilings within a State Perkins grant
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State administration-Section 112 (a)(3)
• Not more than 5% of the grant or $250,000 whichever is greater
State administration match Section 112 (b)
State leadership-Section 112 (a) (2)
• Not more than 10% of the grant
– State Institutions-Not more than 1% of the grant
– Non traditional-not less than $60,000 and not more than $150,000
– No funds may be expended on administrative activities
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Perkins and Fiscal Management
• Section 112 Within State Setasides (continued)
– Local Uses of Funds-Section 112 (a)(1)
• Not less than 85% of the grant
• State determines secondary/postsecondary split with these funds
• 5% administrative cap (includes indirect costs)
– 10% Reserve-Section 112 (c)
» Not more than 10% of local uses of funds
» Eligible Institutions must meet 1 of 3 criteria in section 112 (c) to
be eligible for funding
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Perkins and Fiscal Management
• Section 311 Fiscal Requirements
– Section 311 (a) Supplement not supplant
• OMB Circular A-133 Compliance Supplement (June 2013)
– Part 4 (US Department of Education
» Cross Cutting Section and Perkins program specific section
– Section 311 (b) Maintenance of Effort
• State Expenditures for Career and Technical Education
• Aggregate or Per-Student Basis
• Section 323 State Administrative Costs
– Administrative Hold Harmless
– State expenditures cannot be lower than preceding year even if these
expenditures exceed State match
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Perkins and Fiscal Management
• Perkins IV Grant Non-Regulatory Guidance (Questions and
Answers)
– Located on Perkins Peer Collaborative Networks (PCRN)
– Website Address
• http://cte.ed.gov/perkinsimplementation/nrg.cfm
• Addresses all aspects of the Perkins IV law to include Fiscal issues
– Examples of Fiscal issues
» Small State minimum (States that receive $4,214,921)
» CTSO allowable expenditures
» Direct assistance to students
» Remedial Education
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Perkins and Fiscal Management
• Education Department General Administrative
Regulations (EDGAR)
• Part 76 State Administered Programs
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State Plan submissions
Applying to the State for a sub-grant
Allowable Costs
Indirect Cost rates
• Part 80 Uniform Administrative requirements
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Financial management systems standards
Equipment and supplies
Financial reporting
Closeout of grants
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Perkins and Fiscal Management
Office of Management and Budget (OMB) “Omni Circular”
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Will supersede requirements of OMB Circulars A-21,A-87,A-110,A-122, A-89,A-102,
A-133, and the guidance in Circular A-50 on Single Audit follow-up
Final guidance released in December 2013 (Federal Register)
Consolidation of the circulars aims to provide one source location/citation for
guidance related to the administrative, cost principles, and audit requirements of
Federal awards
Implementation Date
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Still not finalized
Most likely this will apply to the Perkins grants that become available to States on July 1, 2015
Information on the web
– https://cfo.gov/cofar/
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