Federal Financial Management
News and Updates
Title I, Part A Carryover Waiver
The Missouri Department of Elementary and Secondary Education requested 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 has been approved and applies to LEAs with carryover amounts greater than 15% after September 30, 2013. The waiver also allows 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.
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.
2013-2014 Allocations and Sequestration
The Department has calculated 2013-2014 (FY14) allocation amounts.
Cash Management
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.
Additional Information
- NCLB Federal Finance Calendar
- NCLB Federal Compliance Calendar
- Financial and Administrative Services Administrative Memos