Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Policy committee weighs guidance on cash advances for grants; staff to preserve limited cash-advance language
Summary
Committee discussed Policy 6112 (cash management of grants). State auditors discourage cash advances on federal grants but a small state grant may allow advance payment; committee decided to keep a conditional cash-advance provision in policy and tasked staff to clarify practice and audit risk.
Richmond Community Schools’ policy committee reviewed Policy 61.12 (cash management of grants) after a federal fiscal monitoring visit noted that cash advances are generally not permitted for federal grants.
Staff and committee members said most federal grants are reimbursable and that the district does not use cash advances on federal awards. However, the committee learned there may be one state grant program that historically allowed a…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
