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Federal Financial Management

News and Updates

Title I, Part A Carryover Waiver

The Missouri Department of Elementary and Secondary Education is requesting a waiver of the Title I, Part A limitation on carryover in section 1127(b) of the Elementary and Secondary Education Act of 1965 (ESEA).  This regulation prohibits the SEAs ability to grant to its LEAs a waiver of the 15% carryover limitation more than once every three years.

The waiver would apply to LEAs with carryover amounts greater than 15% after September 30, 2013.  The waiver would also allow the Department to give carryover waivers to districts that have already received a waiver in the past two years.  The carryover limitation applies to LEAs with a Title I allocation of $50,000 or more in FY2012.

    (comments due by April 30, 2013)


 

NCLB Federal Financial Management Updates Webinar


 

Cohort II Self-Monitoring Checklists - Due Feb. 15, 2013

LEAs in Cohort II must complete the Self-Monitoring Checklists for Federal Programs and Federal Fiscal issues.


 

2012-2013 Allocations and Sequestration

The Department has calculated 2012-2013 (FY13) allocation amounts.  


 

The Missouri Department of Elementary and Secondary Education, Division of Financial and Administrative Services, has implemented a new Cash Management Plan policy for districts that meet the criteria for which warrants this action due to fiscal compliance concerns.


 

 


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