01.09.20 - Explanation of Funds

Explanation of Funds Policy Number and Last Update (01.09.20/03-2015)

IMSHS Delegates

There are two funds for the general operation of the center, i.e., salaries, payroll taxes, supplies, equipment, insurance, telephone, postage, transportation, occupancy costs, etc.

These are:

PA22 - Program Account 22 Federal Funds - may be used for program costs, as budgeted, and as allowable, allocable and reasonable by federal and state regulations.

GRF - State of Illinois General Revenue Funds, required for 20% match of federal grant, are also to be expended for general program costs directly related to the provision of services to the children. All the same regulations apply to this money.

GRF - State Revenue Funds in excess of match requirement may be used in certain cases to cover costs to the program for which federal funds may not be used: interest on loans, to cover administrative costs above 15%, etc. May not be used without grantee approval of budget.

PA20 - Federal Training Funds - to be used for any of the following which improve services to, or the quality of life for Head Start children: travel costs, per diem, course tuition, training workshop registration, supplies related to course work, consultant fees, and Child Development Associate costs, and substitute costs to free staff to attend training. These funds are for staff, parents, and volunteers. They are not to be used for post-graduate course work, or for training not directly related to the job description.