Grants Finance works with State Education Department offices to administer State and federal grant programs. Grants Finance is responsible for the financial management of grants awarded to local agencies, and other SED offices are responsible for ensuring that the activities funded by the grants are planned and implemented appropriately. For information regarding grant program requirements, please refer to the grant application and supporting documents or to the program contact listed on the grant award notice.
10/9/09 - Payments on 2009-10 Grants Funded by ARRA: Grants Finance has developed a chart summarizing the methods for payment on 2009-10 grants funded by ARRA. Because a number of the grant programs funded by ARRA have payment methods that differ from standard procedures, we recommend that all agencies due to receive ARRA funds review the information.
10/6/09 - Clarification Regarding Form FS-25 Request for Funds: Please submit FS-25 Requests for Funds only when your agency requires reimbursement for expenditures or if, should the grant program allow it, you anticipate expending the funds within the next month. There is no requirement to submit the form once a month or to submit a form requesting a zero payment.
9/9/09 - Interest Earned on Federal Funds: Grants Finance has issued an advisory regarding interest earned by local agencies on cash advances from federally-funded grants, such as Title I.
6/22/09 - Information Regarding FS-25 Payments for Federal and State Grants: Grants Finance has changed its policy for the use of form FS-25 Request for Funds. Please read this advisory regarding requirements that must be met in order to receive funds for anticipated expenditures using form FS-25.
5/22/09 - American Recovery and Reinvestment Act Requirements for DUNS Numbers and CCR Registration: To be eligible for funds, ARRA calls for local agencies to have Data Universal Numbering System (DUNS) numbers and to register with Central Contractor Registration (CCR). Grants Finance has developed frequently asked questions about DUNS and CCR that may be helpful to those working to meet the requirements.