Financial Management
The Department of Education requires its grantees to maintain adequate financial management systems. An adequate financial system is one that enables the grantee to accurately identify the source and disbursement of all funds for federally sponsored activities. To ensure transparency and compliance with the terms of the grant, grantees must retain records of their financial management procedures. A high-quality financial management system should also allow the grantee to show the relationship between financial data and performance outcomes.
