Cost Reconciliation. Because an IFA can last up to 3 years the annual estimated budget must be reconciled annually and shared with all parties. The State’s fiscal operations require that the WIOA-mandated reconciliation of budgets within IFAs occurs by, at the latest, each year by the first business day of the month of April. Reconciling costs on IFAs does not require a re-approval of an area’s MOU.
Appears in 2 contracts
Sources: Infrastructure Funding Agreement, Infrastructure Funding Agreement