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Perhaps you require other than training? Wasserman Financial Services can do on-site work to plan and audit your program, insuring Federal compliance.
We can do on-site training sessions across America at conferences or agency locations.
Although the content is serious, we have a relaxed style and encourage questions and laughter. We want you to be comfortable with the information and feel prepared for your next steps.
Please use the contact form to determine scheduling. Here is a list of currently some of the available training sessions:
We believe that if you start with a great Governance Program, you are starting the Head Start/Early Head Start Program in the right direction! As a board member you must juggle your responsibilities, which is not easy to do. This training program will help you out, keep your day short, and equip you with all the fine points of any federal review.
How will you accomplish your non-federal match? Are you having difficulty coming up with the 20% Non-Federal Share? Are you having difficulty getting parents into your agency and volunteering their time to the Non-Federal Share? The federal regulations have a part which can help you out tremendously! We will show you this regulation and how it can change your way of generating Non-Federal Share $$$.
The basic premise behind cost allocation and cost allocation planning is that each program or funding stream should be paying its fair share of the costs for the provision of services. When Head Start and Early Head Start programs have more than one funding source and use these funds for the provision of services, there must be a way to demonstrate that each program accepts its appropriate share of the costs. If an agency receives funds from two or more sources, which could be federal, state local and/or private funds, there exists a potential for cost allocation. For example, if the agency were to share common space that was not covered by some other costing mechanism, then this common space should be cost allocated. That is, the space should be portioned out or allocated and charged to the multiple funding streams. The same would hold true if, instead of space, the cost was staff or equipment, etc. The method by which this allocation takes place, based upon written formulas and self-developed rules, is the cost allocation plan. Even though the OMB Circulars do not specifically call for a cost allocation plan for programs like Head Start, the OMB Circulars do require that the costs of the shared resources be allocated fairly. This allocation is reviewed as part of each grantee’s Federal Review. As the Office of Head Start tells us on the Early Childhood Learning and Knowledge Center (ECLKC), “To document to auditors and Federal Reviewers that costs have been properly allocated, some written account or plan is strongly recommended”. J. Christopher Watkins, Management Specialist.
Wasserman Financial Services will go to your workplace or we will work on-line to help you with your Cost Allocation Plan.
No matter how complex your accounting system may be, we can work it out and give you a cost allocation plan that will be functional to your situation. And we will support you in any Federal Review.
The Office of Head Start (OHS) uses the head Start Monitoring System to measure the performance and accountability of Head Start programs across the United States. OHS assesses grantee compliance with the Head Start Programs Standards, the Head Start Act, and other federal regulations. The Head Start Monitoring System gives OHS a Multi-year perspective on grantee operations with a focus on performance, progress, and compliance. It also provides grantees opportunities for continuous improvement. This conducts off-and on-site reviews and disseminates its findings through formal reports.
We have completed numerous OHS Monitoring Protocol notebooks and provided these notebooks to the Fiscal Reviewer. The Fiscal Reviewer was guided through the audit and was successful in their audit and we were successful in getting no discrepancies. We would like to be of service to your agency in the preparation of this OHS Monitoring Protocol.
- Identify functional classification of expenses
- Development of the Cost Allocation Plan
- Implementation of the Cost Allocation Plan
As new grantee in a Head Start/Early Head Start program your mind is sometimes bombarded with a whirlwind of all the new federal regulations, reports, policies, and procedures. We know the feeling.
The Region Offices of The Administration for Children and Families presented the Head Start/Early Head Start, in a 2-day meeting format, with a list of reports and processes that the new grantee will experience in year 1. Budget constraints by the federal government, led to several short-cuts trying to explain this topic matter.
What we have done for you is organize the fiscal job responsibilities that you will do in Year 1. Wasserman Financial Services has completed a notebook in a binder format. All the information that you need in Year 1 is in this binder with a helpful table of contents, will let you zip through Year 1. We can go over this binder with you at your location or go over this binder through VIRTUAL presentation. You chose which way you prefer.
The information will be in a binder covering the following Table of Contents:
- Head Start/Early Head Start 1.0
- Review of Fiscal Regulations (OMB Circulars, DHHS Regulations, Head Start Act and Regulations).
- Applications, Budgets, Grant Awards, Cash Requests.
- Experts, Networking, Individuals Questions Answered.
- Direct Costs, Indirect Costs, Administrative Costs, Cost Allocation, Wrap Around.
- Property Procurement, Prior Approval, Matching NFS, Program Income.
- Accounting, Accounting Reports, Audits.
- Federal Reports 425 SF, USDA, Unobligated balance.
- Supplements, Renovations, Program Improvements, Facility Purchases, Wrap Around.
Contact me on how you can get this this binder.
Each school receives major funding by the Education Finance Act.
Each pupil is classified into an “EFA classification and carries a certain weight based on that classification. The state codes of EFA pupil classification can be found here.
So, making sure of the weight or EFA-classification is extremely important for the school district and could mean a lot of lost revenue.
On an average, we have found $26,500 of potential lost revenue because of errors in the EFA-classification.
If you do not have a person on your staff auditing your pupil accounting, I would give me a call. It is a win/win situation.
- Current & Future for Head Start & Early Head Start.