Located in:
- Career and Technical Education Programs Authorized Under the Carl D. Perkins Career and Technical Education Act of 2006
- f. Financial Requirements
As noted above, in addition to the narrative information provided below, you must submit an updated budget (Item B.1a below) for the upcoming program year using the link to the Perkins State Plan Portal below.
- f. Financial Requirements
f. 1. B. You Must Provide the Specific Dollar Allocations Made Available by the Eligible Agency for Career and Technical Education Programs Under Sections 131(a)-(e) and How These Allocations Are Distributed to Local Educational Agencies, Area Career and Technical Education Schools, and Educational Service Agencies Within the State. (section 131(g); Section202(c))
Current Narrative:
· 5% of the total grant amount will be retained by DOE administrative purposes.
- 10% of the total grant amount will be retained at DOE for leadership activities.
- Of the remaining 85%:
Ø DOE will retain no more than 10% for Reserve funds. DOE may use some of the funds for program enhancements and a portion will be issued competitively to LEAs. LEAs will use the funds for the purpose of developing or enhancing existing CTE pathways.
Ø The remainder of the funding will be divided between secondary (85%) and postsecondary programs (15%).
Any LEA receiving an allocation that is not sufficient to conduct a program which meets the requirements of Section 135 of the Act is encouraged to form a consortium. Each consortia represents a new, separate LEA. The individual members of the consortium will contribute their Section 131 allocations, which will then be pooled and re–allocated based on a consortium agreed upon criteria. Funds allocated to a consortium shall be used only for purposes and programs that are mutually beneficial to all members of the consortium and can be used only for programs authorized under the Carl D. Perkins Act.
Each consortium will have one fiscal agent and the fiscal agent will submit one application through the consolidated application and will address Section 3.9 of the Consolidated Application on behalf of all consortia members. LEAs participating in a consortia will notify DDOE via email by May 30 of each year of their intent to enter a consortia. For the current year the letter of intent to enter a consortia will be due May 30, 2015. The email must include the names of all participating LEAs. Members of a consortium will create a Memorandum of Understanding (MOU) which will include the signatures of all LEAs within the Consortia and the amount of funds allocated to each LEA in the Consortia. The MOU will be submitted when the Consortium applies for funds through the Consolidated. The Consortia application will have the same grant submission and review dates as the Consolidated Application.