State Fiscal Stabilization Fund (SFSF) What Works and Innovation Fund, Recovery Act
The Department of Education ensures equal access to education and promotes educational excellence through coordination, management and accountability in Federal education programs. The Department works to supplement and complement educational efforts on all levels, encouraging increased involvement by the public, parents and students.
Program Accomplishments
Not Applicable.
Uses and Use Restrictions
Funds may be used to allow such eligible entities to expand their work and serve as models for best practices; to allow such eligible entities to work in partnership with the private sector and the philanthropic community; and to identify and document best practices that can be shared, and taken to scale based on demonstrated success.
Eligibility Requirements
Applicant Eligibility
Other public institution/organization: Elementary/Secondary Education.
Private nonprofit institution/organization (includes institutions of higher education and hospitals): Elementary/Secondary Education
Beneficiary Eligibility
Local; Public nonprofit institution/organization; Other public institution/organization; Specialized group (e.g. health professionals, students, veterans); Private nonprofit institution/organization; Education Professional; Student/Trainee; School; Education (0-8); Education (9-12)
Credentials/Documentation
No Credentials or documentation are required. This program is excluded from coverage under OMB Circular No. A-87.
Aplication and Award Process
Preapplication Coordination
Preapplication coordination is not applicable.
Environmental impact information is not required for this program.
This program is excluded from coverage under E.O.
12372.
Application Procedures
This program is excluded from coverage under OMB Circular No. A-102. This program is excluded from coverage under OMB Circular No. A-110. The Department of Education will develop an application, procedures, and criteria to award grants on a competitive basis. Contact the program office for information.
Award Procedures
The Department will make awards to eligible entities that have made significant gains in closing the achievement gap to allow such eligible entities to expand their work and serve as models for best practices; to allow such eligible entities to work in partnership with the private sector and the philanthropic community; and to identify and document best practices that can be shared, and taken to scale based on demonstrated success.
Deadlines
Contact the headquarters or regional office, as appropriate, for application deadlines.
Authorization
American Recovery and Reinvestment Act of 2009 (ARRA), Title XIV (Public Law 111-5).
Range of Approval/Disapproval Time
The approval time will be determined when the application is developed.
Appeals
Not Applicable.
Renewals
Not Applicable.
Assistance Considerations
Formula and Matching Requirements
Statutory formulas are not applicable to this program.Matching requirements are not applicable to this program. This program does not have MOE requirements.
Length and Time Phasing of Assistance
Awards will be made in FY 2010. See the following for information on how assistance is awarded/released: No information provided.
Post Assistance Requirements
Reports
The Comptroller General of the United States shall conduct evaluations of the What Works and Innovation Fund including criteria used for awards made, States selected for awards, award amounts, how awards were used, and impact of this funding on the progress made toward closing achievement gaps.
Additional reporting requirements will be included in the grant award documents.
No cash reports are required.
No progress reports are required.
No expenditure reports are required.
No performance monitoring is required.
Audits
In accordance with the provisions of OMB Circular No. A-133 (Revised, June 27, 2003), "Audits of States, Local Governments, and Non-Profit Organizations," nonfederal entities that expend financial assistance of $500,000 or more in Federal awards will have a single or a program-specific audit conducted for that year. Nonfederal entities that expend less than $500,000 a year in Federal awards are exempt from Federal audit requirements for that year, except as noted in Circular No. A-133. All grantees are subject to the provisions of the Single Audit Act, 31 U.S. Code 75, and OMB circular A-133.
Records
Each recipient must maintain records that fully disclose the total cost of the activity for which the funds are used, the share of the cost provided from other sources, and other such records as will facilitate an effective financial or programmatic audit. The recipient shall maintain such records for three years after the completion of the activity for which funds are used.
Financial Information
Account Identification
91-1909-0-1-501.
Obigations
(Project Grants) FY 08 $0; FY 09 est $650,000,000; FY 10 est $100,000,000 - Funds are expected to be obligated in FY 2010.
Range and Average of Financial Assistance
To be determined.
Regulations, Guidelines, and Literature
ED will issue guidance for this program. Contact the program office for information.
Information Contacts
Regional or Local Office
None.
Headquarters Office
Margo Anderson Office of Elementary and Secondary Education, Department of Education, 400 Maryland Ave., SW, Washington 20202 Email: margo.anderson@ed.gov Phone: (202) 205-3010
Criteria for Selecting Proposals
Criteria will be contained in the program guidance.
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