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What is the current threshold for agencies required conformance to the CMIA?

April 26, 2017agencies cmia conformance threshold

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What is the current threshold for agencies required conformance to the CMIA?

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Any State program receiving federal funds is subject to the provisions of the Cash Management Improvement Act. Departments that have programs receiving $87 million or more are required to report quarterly to FSCU the receipts and expenditure information for those programs. Anytime departments receive $50 million or more in new federal funds, they must immediately report the program and funding information to FSCU. The information should also be provided to your Finance budget analyst.