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Part C: Fiscal Management Verification

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(See also our related IDEA Part C Web page)

Orientation to Fiscal Management Verification

Fiscal Management Verification (DOC: 1,775kb) (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 (PDF: 423kb) , General Education Provision Act (GEPA), Federal Regulations, and applicable Office of Management and Budget (OMB) (PDF: 176kb) guidance.

See September 2007 OSEP Fiscal Management Verification presentation for information (PPT: 1,377kb) regarding the verification process and sample timelines for obligating and liquidating funds(see slides 25 and 26).

A-133 Compliance Supplement (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.

Desk Review Components

In looking at the State's fiscal management system, OSEP will focus its analysis on a number of elements, including whether the State:

Has mechanisms for ensuring fiscal accountability at the State level in the distribution and use of IDEA funds;
Implements procedures to ensure the EIS programs appropriately use IDEA funds; and
Has mechanisms for ensuring the timely obligation and liquidation of IDEA funds

Tool Kit:

Tools to assist states in preparing for Fiscal Monitoring Verification visits will be posted as they are developed:

Desk Review (DOC: 81kb) - Fiscal management requirements categorized by area in a review form to assist states in preparing for onsite visit.

FMV Documentation Source Worksheet (DOC: 62kb) - This document is provided to assist states in identifying and tracking the sources of compliance documentation.

Links on this site are verified monthly. This page content was last updated on 12/20/2007 CF.

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