New Search

WIA Policy Letter Policy Type Description

WIA Policy Letter 10-PL-58

Status

Current

Subject

Reporting of Accrued Expenditures, Obligations and Reallocation

Issue Date

July 01, 2010

Effective Date

July 01, 2010

Expiration Date

CONTINUING

Subject Index

Purpose

To provide grantees the capability to report obligations and to describe under what circumstances funds will be de-obligated and reallocated. This policy applies to funds under the Workforce Investment Act (WIA), Trade Adjustment Assistance (TAA) Act, Trade and Globalization Adjustment Assistance Act (TGAAA) and American Recovery and Reinvestment Act (ARRA).

Issuances Affected

State References

07-PL-41 CH1  Local Plan Modifications

Federal References

  • Workforce Investment Act of 1998 Sections 128(c) and 133(c).
  • WIA Final Rules and Regulations Part 667.160
  • Training and Employment Guidance Letter (TEGL) 16-99, Workforce Investment Act Financial Reporting (June 23, 2000)
  • Training and Employment Guidance Letter (TEGL) 16-99 Change 1, Workforce Investment Act Financial Reporting (November 6, 2002)

State Rescissions

01-PL-31 CH2  Reporting of Obligations and Re-allotment under the Workforce Investment Act (WIA)
01-PL-31 CH1  Reporting of Obligations and Re-allotment under the Workforce Investment Act (WIA)
01-PL-31  Reporting of Obligations and Re-allotment under the Workforce Investment Act (WIA)

Attachments

None

Policy Tags

Reallocation Related policies - Link opens in a new window

Policy Definitions Glossary Description

Obligation Related policies - Link opens in a new window
The amounts of orders placed, contracts and subgrants awarded, services received and similar transactions that require payment by the recipient during the same or future period. (29 CFR Part 97.3) Contracts and subgrants must be fully executed to be included as an obligation. Some examples of an obligation are summer youth contracts, ITAs, open purchase orders, service provider contracts and child care contracts. Accrued expenditures are a part of the total obligations to be reported.

Additional Information

None