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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