SUBJECT: Fiscal Management This assessment outlines the financial standards schools must maintain to participate in the Federal Student Aid programs. If you identify areas requiring corrective action, we recommend that you complete an Action Plan.
Fiscal Management Worksheets: Federal Pell Grant Monthly Reconciliation TEACH Grant Monthly Reconciliation FWS Monthly Reconciliation FSEOG Monthly Reconciliation Direct Loan Monthly Reconciliation Activity Bar: Fiscal Management Activity 1: Reconciliation Worksheets Fiscal Management Activity 2: General Fiscal Requirements Fiscal Management Activity 3: Excess Cash Fiscal Management Activity 4: Disbursing Aid File Review Worksheet Fiscal Management Activity 5: Financial Ratios Fiscal Management Activity 6: Campus-Based Programs Administrative Cost Allowance Fiscal Management Activity 7: Disbursing Funds Additional Links: 2024-2025 FSA Handbook, Volume 2, Chapter 4 (digital version); pdf version 2024-2025 FSA Handbook, Volume 4, Chapter 1 (digital version); pdf version 2024-2025 FSA Handbook, Volume 4, Chapter 2 (digital version); pdf version 2024-2025 FSA Handbook, Volume 4, Chapter 5 (digital version); pdf version 2024-2025 FSA Handbook, Volume 4, Chapter 6 (digital version); pdf version For reference, the table below lists the regulatory areas related to Fiscal Management. The left column shows the title of the regulatory section and summarizes the main content of some of the sections. The middle column includes a link to each regulatory section in the Electronic Code of Federal Regulations and any related guidance posted in the Knowledge Center. Where applicable, the associated assessment activity is listed in the third column.
Section Title |
Links |
Assessment Activity |
Financial Responsibility 34 CFR 668, Subpart L, 668.171 through 668.177 |
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Record Retention and Examinations 34 CFR 668.24 |
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Maintaining and Accounting For Funds 34 CFR 668.163
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Cash Management (requesting funds)
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34 CFR 668.162 See also: G-6 Web Page: G6 Portal |
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Disbursing Funds 34 CFR 668.164
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Composite Scores and Financial Ratios 34 CFR 668.171(b)(1); 34 CFR 668.172 |
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Meeting financial obligations and providing administrative resources 34 CFR 668.171(b)(3) |
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Last Modified: 11/25/2024