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WIA Policy Letter Policy Type Description

WIA Policy Letter 01-PL-31

Status

Rescinded

Rescinded By

10-PL-58  Reporting of Accrued Expenditures, Obligations and Reallocation

Subject

Reporting of Obligations and Re-allotment under the Workforce Investment Act (WIA)

Issue Date

April 07, 2002

Effective Date

June 13, 2002

Expiration Date

July 01, 2010

Subject Index

Purpose

To provide WIA formula grantees the capability to report obligations and to describe under what circumstances funds will be deobligated and reallotted.

Issuances Affected

State References

01-PL-26  Reallocation of Workforce Investment Act Funds

Federal References

  • Workforce Investment Act of 1998 Sections 128(c) and 133(c).
  • WIA Final Rules and Regulations Part 667.160

State Rescissions

None

Attachments

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