Fiscal policies are generally posted with at least a 30-day public review and comment period before becoming effective. Policies are considered draft if they are labeled Review Copy or they have a Review Date listed in the header. Policies with a review date should be considered draft even if the review date has passed - the review period could be taking longer than expected. Once a policy is finalized it will be be re-posted as an Original with an Effective Date.
After a policy is finalized, subsequent public comments will be considered for future revisions.
Guidance Letters and Communications
These documents are not subject to a review period, but comments are welcome.
Submit comments for any items via the link at the bottom of this page.
Fiscal Policy 1 - Financial Reporting
This policy provide mandatory financial reporting instructions for reporting expenditures for Local Workforce Development Boards (WDBs) and all subrecipients who receive Workforce Innovation and Opportunity Act (WIOA) grant funds from the Higher Education Coordinating Commission (HECC) Office of Workforce Investments (OWI).
Fiscal Policy 2 - Cash Management
This policy specifies requirements for grant payments and provides guidelines that subrecipients must use to draw federal Workforce Innovation and Opportunity Act (WIOA) funds from the Higher Education Coordinating Commission (HECC) Office of Workforce Investments cash draw web portal process.
Fiscal Policy 3 - Program Income
This policy provides guidance to Workforce Innovation and Opportunity Act (WIOA) subrecipients on the requirements for earning, expenditure, and reporting of program income.
Fiscal Policy 4 - Equipment and Supplies
This policy describes the requirements for the management and inventory of equipment and supplies.
Fiscal Policy 5 - Local Workforce Area Procurement Processes
This policy provides guidance regarding the procurement of goods and services by entities receiving Workforce Innovation and Opportunity Act (WIOA) funds.
Fiscal Policy 6 - Cost Principles and Allowable Costs
This policy provides guidance regarding the general cost principles and allowable costs under the Workforce Innovation and Opportunity Act (WIOA).
Fiscal Policy 7 - Financial Management Standards
This policy specifies the minimum requirements that must be maintained by subrecipients of Workforce Innovation and Opportunity Act (WIOA) funds for financial management systems.
Fiscal Policy 8 - Records Retention
This policy sets forth the minimum requirements, the timeframes for records retention, and the extent to which such records may be made available to the public.
Fiscal Policy 9 - Recapture and Reallocation of WIOA Funds
This policy describes the reallocation and recapture of local area Workforce Innovation and Opportunity Act (WIOA) allocations for youth, adult, and dislocated worker activities.