9/30/10

This week, the Texas Education Agency released a TO THE ADMINISTRATOR ADDRESSED letter reminding school districts and open enrollment charter schools about the federal grant requirements for cash management and returning interest earned on excess cash on hand to specified federal agencies.  As stated in the TEA announcement, the federal requirements for cash management and return of interest earned are not new.  Grantees must request cash no earlier than six working days before actual disbursement of funds.  For more information, the TEA provided additional information that is accessible by clicking on the links below.

 Cash Management Requirements and Return of Interest Earned from Excess Cash on Hand

Department of Education Cash Management Policies for Grants and Cooperative Agreements

To read the TEA announcement, click on the link below.

http://ritter.tea.state.tx.us/taa/opge092810.html