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Head Start A to Z: Fiscal Management Part II

Head Start A to Z: Fiscal Management Part II. Outcomes. Understand what you need to do and oversee as it relates to fiscal management Understand the Head Start budgeting process Learn more about Non-Federal Share match

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Head Start A to Z: Fiscal Management Part II

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  1. Head Start A to Z:Fiscal ManagementPart II

  2. Outcomes • Understand what you need to do and oversee as it relates to fiscal management • Understand the Head Start budgeting process • Learn more about Non-Federal Share match • Understand Head Start required internal and external reporting requirements

  3. Head Start Leader & Fiscal Management Promote communication & transparency

  4. What you need to do

  5. Internal Controls Activity

  6. Property Management Compensation Financial Reporting Budget Development and Monitoring • Facilities Activities • Inventory • Internal reporting • External reporting • Executive compensation • Wage Comparability • Personnel Activity reports • Restrictions/ allowances • GABI • Cost Allocation • Notice of Award What you need to oversee

  7. Budget Development and Monitoring Digging a Little Deeper Your Role: Budget Champion Your Budget: Reflection of program goals and priorities Your Tools: RO Communiques, GABI, Cost Allocation, HHS Grants Policy Statement Your Funding: Federal, Non-Federal Share, Other Revenue Your Expenses: Understanding line items & allowable/unallowable

  8. Non-Federal Share Activity

  9. Fiscal Reporting • Internal • Monthly Budget to Actual • Credit Card Statements • Annual Audit • External • Financial Status (SF-425) • Cash Reconciliation (PMS) • Annual Audit & IRS 990 • Payroll Taxes • USDA CACFP

  10. Other Fiscal-related Reports • Internal • Enrollment & Attendance • Meals and Snacks • External • Monthly Enrollment • Annual Community Report • Unemployment • Worker’s Compensation

  11. Questions/ Comments?

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