Fiscal Year Allocation Clause Samples

Fiscal Year Allocation. The Secretary has allocated CMAQ funds from federal fiscal year (FFY) 2023 for the Project.

Fiscal Year Allocation. The Secretary has allocated ITS Set-Aside funds from state fiscal year 2015 for the Project.

Fiscal Year Allocation. The Financial Contribution will be paid from a maximum Fiscal Year allocation for tuition and support expenses incurred between September 1, 2019 and October 31, 2023. Any carryover of funds between Fiscal Years is NOT permitted, other than Tuition allocations expended or incurred for Foundation technical training prior to March 31st of a fiscal period. The maximum financial contribution per fiscal period is outlined below: Fiscal Year Fiscal Year Allocation # of Participants Expected to be Served (Intakes) *In Fiscal 2020-2021 a one- time COVID Support payment in the amount of $121,800 was paid. The Fiscal 2020-2021 COVID Support Amount was a one-time payment intended to subsidize unforeseen additional costs to the Service Provider in the delivery of Services associated with the COVID-19 pandemic and was payable to the Service Provider as part of the 2020-2021 Fiscal Year only. The amount was based on 2020-2021 Forecasted Intakes at a rate of $2,100.00 per participant. Service Providers are expected to manage variance to agreement budgets to support program and agreement management. ITA’s assessment of the Service Provider’s performance will include an analysis of whether the Service Provider was able to accurately budget, forecast and expend for the program. Any funding anticipated to remain unspent by the end of a Fiscal Year must be identified to the ITA by December 31st of that Fiscal Year. Identifying unspent funding in accordance with these timelines will not impact the Service Provider’s performance assessment. However, the Service Provider’s ability to manage their budget will be considered in the assessment of the Service Provider’s performance.