FEI Number definition
FEI Number. The fiscal agent is designated in accordance with federal and state legislation governing workforce development programs. Such designation shall not relieve the Local Elected Officials of the liability for any misuse of grant funds as described in Article 5 below. The fiscal agent shall, unless legally improper, disburse grant funds as required by the Workforce Development Board, pursuant to local and regional plans and in accord with the following jointly developed fiscal procedures. Accounting for WIOA funds will be performed by the fiscal agent in accordance with the State of Oklahoma procurement policies and procedures. The fiscal agent shall use appropriate cost allocation methodology for all of its federal and state fiscal reporting systems. The fiscal agent will be responsible for the general accounting functions of WIOA funds which includes the maintenance of the general ledger, revenue and expenditure accounts, payroll and account payable. The fiscal agent shall retain sufficient administrative funds to employ staff to perform the fiscal duties above, including fiscal monitoring of WIOA programs. All required fiscal reports will be prepared and set to the ▇▇▇▇ after review and input by the fiscal agent. A separate agreement between the Workforce Development Board and the Fiscal Agent will set forth further designated requirements.
Examples of FEI Number in a sentence
If the Contractor Name and FEI Number change, the Contractor must complete an “Assignment and Agreement” form transferring contract rights and responsibilities to the new Contractor.
The State will not make payments to any Entity, Group or individual other than the Contractor with the Federal Employer Identification (FEI) Number identified in the Contract.
The entity designated by the ▇▇▇▇ to serve as fiscal agent for WIOA funds for the area is Name: Address: Phone: Fax: FEI Number: The fiscal agent is designated in accordance with federal and state legislation governing workforce development programs.