Title I Budget Amount and Title I Equipment Amount Equipment costs should be included in both the Title I Budget Amount for each worksheet and listed separately in the Title I Equipment Amount box. For example, if a school system is purchasing $40,000 of materials of instruction and $10,000 of equipment, the amount in the Title I Budget Amount box would be $50,000 and the amount in the Title I Equipment box would be $10,000. IF THESE INSTRUCTIONS ARE NOT FOLLOWED, THE STRATEGY WORKSHEET TOTAL ON THE FINANCIAL COMPLIANCE WORKSHEET WILL BE INCORRECT. Other Funding Source if the activity is locally funded or funded through a grant, list the other – sources of funds on this line. Strategy Worksheet B because worksheets are dedicated to activities that may impact a Site and CIP Column – variety of programs, it is necessary to list Sites (for secondary) and CIPS to reflect the programs. Some activities may address all sites and all CIPS. All other columns are completed as they are for Strategy Worksheets A. This page is downloaded from the web-based plan, signed in Budget blue ink, scanned in color, – and then uploaded to the web-based plan. Financial Compliance Worksheet completed in the web-based plan. – Total Perkins dollars brought forward from the Worksheets this is totaled automatically from – the Title I Budget Amount and Title I Equipment Amount. Equipment costs must be included in both the Title I Budget Amount for each worksheet and listed separately in the Title I Equipment Amount box on each strategy worksheet or the total Perkins dollars will be incorrect. Grant Award entered by MSDE. – Subtract amount of Equipment purchases automatically from the strategy worksheets. – Local Indirect Cost Rate Factor completed by the CTE director with information from local – school systems Finance Officers. Allowable Indirect Cost Amount - completed by MSDE. Indirect Cost Amount Taken completed by the CTE director. – Administration Cost Taken - completed by the CTE director. Total Grant Award this is the total from the worksheets plus the administration cost taken. It – must equal the Total Perkins grant allocation. Maintenance of Effort FY 2018 Reported expenditures entered by MSDE based on the Final Financial Report from – the local school system. FY 2020 Estimated expenditures - completed by the CTE director with advice from the Finance Officer. This amount must equal or exceed the FY 2018 Reported Expenditures.
Title I Budget Amount and Title I Equipment Amount Equipment costs should be included in both the Title I Budget Amount for each worksheet and listed separately in the Title I Equipment Amount box. For example, if a school system is purchasing $40,000 of materials of instruction and $10,000 of equipment, the amount in the Title I Budget Amount box would be $50,000 and the amount in the Title I Equipment box would be $10,000. IF THESE INSTRUCTIONS ARE NOT FOLLOWED, THE STRATEGY WORKSHEET TOTAL ON THE FINANCIAL COMPLIANCE WORKSHEET WILL BE INCORRECT. Other Funding Source – if the activity is locally funded or funded through a grant, list the other sources of funds on this line. Strategy Worksheet B Site and CIP Column – because worksheets are dedicated to activities that may impact a variety of programs, it is necessary to list Sites (for secondary) and CIPS to reflect the programs. Some activities may address all sites and all CIPS. All other columns are completed as they are for Strategy Worksheets A. Budget – This page is downloaded from the web-based plan, signed in blue ink, scanned in color, and then uploaded to the web-based plan. Financial Compliance Worksheet – completed in the web-based plan. Total Perkins dollars brought forward from the Worksheets – this is totaled automatically from the Title I Budget Amount and Title I Equipment Amount. Equipment costs must be included in both the Title I Budget Amount for each worksheet and listed separately in the Title I Equipment Amount box on each strategy worksheet or the total Perkins dollars will be incorrect. Grant Award – entered by MSDE. Subtract amount of Equipment purchases – automatically from the strategy worksheets. Local Indirect Cost Rate Factor – completed by the CTE director with information from local school systems Finance Officers. Allowable Indirect Cost Amount - completed by MSDE. Indirect Cost Amount Taken – completed by the CTE director. Administration Cost Taken - completed by the CTE director. Total Grant Award – this is the total from the worksheets plus the administration cost taken. It must equal the Total Perkins grant allocation. Maintenance of Effort FY 2018 Reported expenditures – entered by MSDE based on the Final Financial Report from the local school system. FY 2020 Estimated expenditures - completed by the CTE director with advice from the Finance Officer. This amount must equal or exceed the FY 2018 Reported Expenditures.
Perkins-IV_Secondary-Instructions_FY2019.docx