Actual Activity - Payroll. The State shall track the payroll funds disbursed by warrant during the time period of at least three consecutive months. The State shall adjust the warrant clearance pattern to reflect the percentage of payroll direct deposits applicable to each federal program. The composite clearance pattern for payroll warrants and direct deposit shall be carried out until at least 99 percent of payroll funds have cleared. The clearance pattern shall be based on 100% of the data, or on a sample size sufficient to ensure, at a minimum, a 95% confidence interval no wider than + or - 0.25 weighted-days about the estimated mean.
Appears in 5 contracts
Samples: Cash Management Improvement Act Agreement, Cash Management Improvement Act Agreement, Cash Management Improvement Act Agreement
