FINANCIAL REPORTIN

G

AGENDA Revenue Sources Payments Reporting Tips

BRAIDED FUNDING SOURCES

FEDERAL FUNDS• $15,000 (93.505)

Spend-down Period: 1/1/14-12/31/14• $10,000 (84.412)

Spend-down Period: 1/27/14-12/31/14• $22,728 (93.575)

Spend-down Period: 1/1/14-12/31/14

PRIVATE FUNDS• $XXXXX Variable

Spend-down Period: 1/1/14-12/31/14

TRAVEL STIPEND• Each contract includes a travel stipend• The travel stipend should be used ONLY to

travel to statewide meetings and LTP convenings

• WaKIDS travel is included in the WaKIDS budget

• The stipend was calculated based on federal GSA rates

• Travel Stipend expenditures should be reported in the quarterly reporting template in the “Travel Stipend” expense category

• No additional reimbursement funds will be provided

• Unspent travel stipend funds will be recuperated

• We encourage carpooling

PAYMENTS

REPORTING TEMPLATE

REPORTING EXPENDITURESFEDERAL FUNDS

• $15,000 (93.505): Should be used ONLY for expenses budgeted under “Home Visiting”

• $10,000 (84.412): Should be used ONLY for  expenses budgeted under WaKIDS

• $22,728 (93.575): Funds are not restricted to any activity

PRIVATE FUNDS• $10,000 should be used ONLY for WaKIDS• $XXXXX in LTP funds should be used only for

LTP• Remaining private funds are unrestricted

TIPS ON TRACKING & REPORTING

TIPS:

1. All food and incentives should be reported to private revenue

2. Provide justifications for any variances3. The FAR should be signed each quarter4. Travel Stipend should be reported for the

quarter in which the required activity took place

5. Actuals reported in a previous quarter SHOULD NOT be altered in any way

BUDGET REVISION REQUESTS

TIPS:1. Submit the budget revision request with the

quarterly report prior to expending funds as requested

2. Budget revision requests need to be submitted if there will be a variance of greater than 10% in an expense category

3. ALL budget revision requests must be submitted no later than the third quarter report

4. Notification of approval will be included in the quarterly feedback

BUDGET REVISION REQUESTS

QUESTIONS?