Financial Manual for Grants and Contracts

The Texas Workforce Commission's (TWC) Financial Manual for Grants and Contracts (FMGC) compiles federal, state and agency requirements that apply to recipients and subrecipients of TWC funds. Since the manual is periodically updated to reflect changes to these requirements, users should always refer to this web site for the most current version of the manual.

The FMGC is offered on this web site in Microsoft Word. Use the links in the Table of Contents below to navigate through the FMGC. This table of contents is also available with page numbers in Microsoft Word format by clicking on the Table of Contents link below. Please contact Financial Initiatives at (512) 463-5388 or Fiscal.TA@twc.state.tx.us if you have difficulty accessing these files.

This manual was last updated on July 1, 2005. When changes occur, the changes will be listed in Appendix L. The replaced files will be made available upon written request to Fiscal.TA@twc.state.tx.us.

Introduction

Table of Contents

Part I -- Agency and Board Responsibilities
Chapter 1 Agency and Board Responsibilities

Part II -- Financial Management Standards
Chapter 2 Internal Control
Chapter 3 Insurance
Chapter 4 Cost Sharing and Matching
Chapter 5 Program Income
Chapter 6 Budget
Chapter 7 Cash Management

Part III -- Cost Standards
Chapter 8 Cost Principles
Chapter 9 Travel
Chapter 10 Personnel
Chapter 11 Cost Allocation and Resource Sharing
Chapter 12 Indirect Cost Rates

Part IV -- Property, Procurement, and Contract Standards
Chapter 13 Property
Chapter 14 Procurement
Chapter 15 Contracts

Part V -- Funding and Reporting
Chapter 16 Allocation, Deobligation and Reallocation
Chapter 17 Financial Reporting
Chapter 18 Contract Closeout

Part VI -- Monitoring, Audit and Enforcement
Chapter 19 Monitoring
Chapter 20 Single Audit
Chapter 21 Enforcement, Appeals and Termination

Appendices
Appendix A Glossary
Appendix B Index
Appendix C Policy Statements
Appendix D Forms
Appendix E Contacts
Appendix F Matrix of Federal/State Cost Principles
Appendix G Matrix of Federal/State Administrative Requirements
Appendix H Indirect Cost Rates Matrix
Appendix I Internal Control Matrix
Appendix J Subrecipient vs. Vendor Guide
Appendix K Access to Records and Record Retention
Appendix L Changes