Part C: Fiscal Management Verification
Orientation to Fiscal Management Verification
Fiscal Management Verification (2007)
(FMV) is a critical component of a State's overall General Supervision responsibilities. In November 2005
the Office of Special Education Programs (OSEP) began to develop a process to assess how
effectively the lead agency is implementing the Part C fiscal requirements in the
IDEA (2004) 
(PDF: 423kb) ,
Government Performance Results Act (GPRA) of 1993,
Federal Regulations, and applicable
Office of Management and Budget (OMB) guidance.
See December 2008 OSEP
Verification Visits Fiscal Component FFY 2008-09 
(PPT: 934kb) regarding the verification process.
A-133 Compliance Supplement (2007)
(PPT: 3,670kb) - OSEP has developed a supplemental resource of select excerpts from the Audits of States, Local
governments, and Non-Profit Organizations Circular that relate to Part C fiscal management
requirements.
A-87 Compliance Supplement
(2004) (PDF: 199kb) - Cost Principles for State, Local and Indian Tribal Governments. This Circular establishes
principles and standards for determining costs for Federal awards carried out through grants, cost reimbursement contracts, and other
agreements with State and local governments and federally-recognized Indian tribal governments (governmental units).
Desk Review Components (2009) 
(DOC: 34kb)
In looking at the State's fiscal management system, OSEP will focus its analysis on two Critical Elements, including whether the State:
- has procedures that are reasonably designed to ensure the timely obligation and liquidation of IDEA funds.
- has procedures that are reasonable designed to ensure appropriate use of IDEA funds at the state level.
Tool Kit:
Tools to assist states in preparing for Fiscal Monitoring Verification visits will be posted as they are developed:
Critical Elements Analysis Guide (CrEAG) -
Part C Fiscal Version (2009) (DOC: 104kb) - This document is
provided to assist states in preparing for onsite Data Verification as it relates to the Critical Elements of your fiscal systems,
documents to be reviewed and relevant requirements that form the foundation of fiscal accountability.
Integrated Fiscal Accountability Workgroup Resources - Follow this link to the integrated fiscal requirements of the IDEA, OMB Circulars A-133 (and compliance supplement) and the OMB Circular A-87 requirements resources. (downloaded 7/13/09)
Desk Review (February 2009))
(PDF: 129kb) - Fiscal management requirements categorized by area in a review form to assist states in preparing
for onsite visit.
FMV Documentation Source
Worksheet (July 2007) (DOC: 43kb) - This document is provided
to assist states in identifying and tracking the sources of compliance documentation.