Preliminary Allocation Schedule
Consortium Fiscal Administration Declaration (CFAD)
Beginning in the 2018-19 fiscal year, all AEBG consortia and members will use the NOVA AEBG system to complete their Consortium Fiscal Administration Declaration (CFAD). Over the next few months, consortia and members will be meeting in a public setting to discuss member allocations for the 2018-19 fiscal year.
CFADs are due no later than May 2, 2018. The completed CFAD will include:
1.
Creation of the CFAD showing the 2018-19 distribution of funds to each member of the consortium,
2.
A narrative justifying how the planned allocations are consistent with the extended three-year plan,
3.
Certification by each member of the CFAD information in NOVA,
4.
Designation by the consortium of the fiscal structure for 2018-19 - fiscal agent or direct-funded.
March 9 CFAD Webinar and Data Entry & Certification
A webinar will be held March 9 from 1:30 p.m. to 3 p.m. to review and answer questions regarding the CFAD process, the preliminary schedule, the entering of CFAD information into NOVA and the certification of the CFAD by each member.
On March 5, NOVA will upload the AEBG allocations by consortium and open the CFAD tables in NOVA for data entry and certification. CFADs are due no later than May 2, 2018 - there will be no extensions granted. If a consortium fails to meet the May 2 deadline, the state AEBG Office will use the 2017-18 CFAD in its place.
CFAD allocations may be adjusted and amended throughout the program year. However, keep in mind that the state disbursement schedule to direct-funded members cannot be altered during the 11-month (August 2018 to June 2019) allocation of funds process.
