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There is a strong emphasis in Uniform Guidance on having a cash management system in place to accurately track the receipt, disbursement and recording of funds between the awarding agency and grant recipient.1 This policy specifies the minimum requirements for cash management and provides guidelines for the reimbursement of Workforce Innovation and Opportunity Act (WIOA) funds from the Department of Workforce Development (DWD).
The local Workforce Development Board (WDB) must have a written cash management policy and/or procedures that minimally address the following:
Cash is requested on a per grant basis, and local WDBs are required to use the Purchase Order Number assigned to the Grant to request cash. Cash drawdowns must be made as close as possible to the time of making disbursements.9
Invoices are typically processed within 2-3 business days after being received. Any invoices received after 10am will be considered as next day receipt.
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