Federal funds received by the district shall be administered in accordance with this policy and applicable federal law, including but not limited to the federal Uniform Grant Guidance. The district designates the chief financial officer/accounting manager as the district contact for all federal programs and funding.
The superintendent or designee may develop and implement accompanying regulations to assist in the proper administration of federal funds and implementation of this policy, including but not limited to cash management procedures and allowability of costs.
Sub recipient monitoring
If the district awards sub grants, the district shall monitor grant sub recipients to ensure compliance with applicable law and district policy.
Time and effort reporting
District employees paid with federal funds shall document the time they expend in work performed in support of each federal program and/or such program’s cost objective(s), in accordance with applicable federal law. Time and effort reporting requirements do not apply to contracted individuals.
Recordkeeping
The district shall maintain proper federal fiscal records in accordance with district policy and applicable law. Such records shall be retrievable and available for programmatic or financial audit.
Adopted: February 2017
Revised: September 2020
LEGAL REFS.: 2 C.F.R. Part 200 (Uniform Grant Guidance)
34 C.F.R. Parts 75, 76 (EDGAR – Education Department General Administrative Regulations)
CROSS REFS.:
Administrative policies:
DJB, Federal Procurement
EHB, Records Retention
GBEA, Staff Ethics/Conflict of Interest
Lake County School District R-1, Leadville, Colorado