Get the free Maintenance of Effort - WI Dept of Revenue
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Form PA551 and Maintenance of Effort WI Dept of Revenue | State and Local Finance Division League of WI Municipalities| May 2024Presenter Sara RegenauerBureau Director Local Government Services Sara.Regenauer@wisconsin.gov2Agenda
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How to fill out maintenance of effort
How to fill out maintenance of effort
01
Understand the requirements for maintenance of effort as outlined in the specific guidelines or regulations.
02
Gather relevant financial data to calculate the baseline amount that must be maintained.
03
Monitor and track expenditures to ensure that the required level of funding is maintained throughout the specified period.
04
Document all expenses and funding sources related to the maintenance of effort to provide evidence of compliance.
05
Adjust budget allocations or seek approval for waivers if necessary to meet the maintenance of effort requirement.
Who needs maintenance of effort?
01
Entities receiving federal funding that are subject to maintenance of effort provisions in the terms of their grants or contracts.
02
State and local governments required to maintain a certain level of funding in order to continue receiving federal assistance.
03
Organizations or agencies implementing programs that are funded in part by federal dollars and are therefore obligated to demonstrate continued financial commitment.
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What is maintenance of effort?
Maintenance of effort refers to a requirement for a recipient of federal funds to maintain a certain level of financial support for a program or activity.
Who is required to file maintenance of effort?
Any entity or organization that receives federal funds and has a maintenance of effort requirement in their grant agreement is required to file maintenance of effort.
How to fill out maintenance of effort?
Maintenance of effort is typically filled out by providing documentation of financial support for the program or activity as required by the grant agreement.
What is the purpose of maintenance of effort?
The purpose of maintenance of effort is to ensure that federal funds are supplementing and not supplanting existing financial support for a program or activity.
What information must be reported on maintenance of effort?
The information reported on maintenance of effort typically includes financial data showing the level of support provided for the program or activity.
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