8013 PRINCIPAL RESPONSIBILITIES
(Revised 06/08)
1. The principal responsibilities of DOF:
a. Establish the annual CMIA threshold amount. Identify the State agencies
and federal assistance programs that will be impacted by CMIA.
b. Notify CMIA participating departments of their roles and responsibilities.
c. Negotiate with the U.S. Department of the Treasury, Financial
Management Service (FMS) on new agreements and amendments to the
existing Agreement.
d. With the assistance of the SCO, develop patterns by programs for the
average number of days from warrant issuance to redemption.
e. Calculate the State and federal interest liabilities by programs and DOF’s
interest calculation costs.
f. Prepare annual interest reports and interest calculation cost claims for
submittal to FMS.
g. Budget funds from the General Fund and special funds for the payment of
the State interest liability to the federal government.
2. The principal responsibilities of the State agencies that administer CMIA
programs:
a. Request federal funds in accordance with the approved funding technique
described in the agreement and only in amounts needed for immediate
payments.
b. For specific CMIA programs, document the amount of federal funds
requested, when federal funds are deposited in the state's account, and
when warrants are issued. This information is provided to DOF quarterly.
c. Notify the DOF, Fiscal Systems and Consulting Unit, of any changes to
the funding process for CMIA programs. A State agency shall not make a
change until it is reviewed and approved by DOF and FMS.
