Fiscal Management ensures accountability for federal assets, compliance with regulations, and includes internal controls. Appropriate reporting systems are in place and program leadership work in partnership to develop and execute a budget that reflects and supports program goals and priorities.
Head Start leaders are charged with an enormous task. They help to prepare children for kindergarten and beyond while operating and sustaining a business. Fiscal management is a large part of that task. This two-part session provides a general overview of what Head Start directors need to know and do to oversee fiscal management.
Unrestricted funds are funds that are not considered program income and not generated by the federal grant award or used to match that award. Funds expended by the program, but not generated using its assets, are not considered program income and are not governed by the cost principles. Grantee agencies will find this information useful when looking for other sources of income.