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.
2/9/10 - NCLB Title IV, Part A - Safe and Drug-Free Schools and Communities Act: Effective 2010-11, the federal government has eliminated Title IV, Part A grants to local educational agencies. LEAs will not receive new Title IVA allocations for 2010-2011. To use any unbudgeted funds during the 2009-2010 grant period, a budget amendment (form FS-10-A) must be submitted for approval prior to the end of the grant period, August 31, 2010. LEAs with carryover funds from 2009-2010 will be able to apply to use them in 2010-2011 through the 2010-2011 NCLB Consolidated Application process, which means that to use remaining resources during 2010-2011, an FS-10 budget and supporting materials must be submitted with the 2010-2011 NCLB Consolidated Application. To ensure that LEAs make maximum use of their Title IVA funds, the Department encourages those responsible for Title IVA programs to work closely with their business offices to obligate and spend all funds available to them as part of their 2009-2010 or 2010-2011 budgets. For information regarding the 25 percent limit on carryover into 2010-11, please review a recent SED memo. To verify the amount of Title IVA funds available to an LEA, please go to our REPORTS page.
12/30/09 - Payment and Accounting Information for 2009-10 Grants Funded by ARRA: Grants Finance has updated a chart summarizing the methods for payment on 2009-10 grants funded by ARRA to include revenue codes and CFDA numbers. 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.