The U.S. Department of Labor's Employment and Training Administration (ETA) has issued a Funding Opportunity Announcement for a Financial System Risk Assessment, focusing on ensuring that grantees possess the financial responsibility needed to manage public funds effectively. The announcement details requirements for grantees’ accounting systems, including the ability to identify fund receipts and expenditures accurately, maintain internal controls, and provide precise financial reporting according to regulations outlined in 2 CFR 200 and 2 CFR 2900.
Applicants must provide organizational details, financial stability information, and details regarding their accounting systems, including any previous assessments from government agencies. Specific inquiries address the nature of the accounting system, maintenance of time distribution records, and the adequacy of internal controls. Furthermore, applicants are required to clarify their financial stability and the status of any independent CPA examinations of their financial statements. The completion of these requirements aims to establish a foundation for financial accountability and transparency as a prerequisite for grant funding. This opportunity underscores the emphasis on robust financial practices for organizations seeking federal support.
The U.S. Department of Labor's Employment and Training Administration has announced the Pathway Home 6 funding opportunity, offering approximately $25 million in grants for workforce services aimed at incarcerated individuals. The initiative targets support for those preparing for reentry into their communities, encouraging pre-release and post-release services that address employment and skill-building to reduce recidivism. Eligible applicants include non-profit organizations, public educational institutions, and local governments, with grants capped at $4 million, potentially awarded to about nine organizations. The funding is intended for programs that ensure a seamless transition from incarceration to employment, focusing on in-demand industries. Applicants must provide detailed project narratives, a budget, and demonstrate the capacity to enroll a required number of participants based on funding amounts. Key objectives include collaboration with correctional facilities, employers, and community organizations to address barriers and ensure comprehensive support for participants. Metrics for success will be tied to employment outcomes and recidivism rates. This opportunity seeks to enhance labor supply in critical sectors while supporting individuals facing significant reentry challenges.