PublicationDate: 7/1/95 ChapterNumber: 2 ChapterTitle: General Institutional Responsibilities SectionNumber: 3 SectionTitle: The Network of Responsibilities PageNumbers: 36-38 2.3 The Network of Responsibilities Although business and financial aid offices of postsecondary schools have some responsibilities that are separate and distinct, other responsibilities overlap and are interdependent. To effectively administer Title IV programs as prescribed in federal law and regulations, it is essential that school officials remember that good stewardship of federal funds is ultimately the responsibility of the institution AS A WHOLE. ((Example of the network of responsibilities)) To illustrate the network of responsibilities that lies behind a simple action, consider the relatively routine activity of collecting and processing time sheets for Federal Work-Study (FWS) student employees. The following exercise is intended to give you a chance to consider how complex this network of responsibilities can be. Don't worry about the specific answers to these questions--they may vary from one school to the next. - The FWS time sheet requires an oversight signature. - Who is authorized to sign and certify that a student's work was performed in a satisfactory manner? - Students must remain eligible from one term to the next. - Who monitors student eligibility and academic progress? - Some eligibility requirements are school policies. - Who develops these policies for the school? - Students are paid their wages on the basis of their time sheets. - Who collects the time sheets from students? - Who processes the payroll? - Who reconciles the payroll to the time sheets? - Students may only earn up to the amount of their authorized FWS awards. - Who determines the amount of the award? - Who monitors students' earnings to ensure that they do not earn in excess of that amount? - All schools are required to spend at least 5 percent of the federal share of their FWS funds to employ students in community- service positions. - Who locates and develops these jobs? - Who monitors the percentage of funds used for these jobs? - Student earnings are part of the institution's overall FWS budget. - Who develops the budget? - Who monitors expenditures? - Schools that receive FWS funds are required to apply for those funds and to report to ED on the use of those funds. - Who completes the application? - Who completes the report? |