Common use of Description of Funding Techniques Clause in Contracts

Description of Funding Techniques. 6.2.1 The following are terms under which standard funding techniques shall be implemented for all transfers of funds to which the funding technique is applied in section 6.3.2 of this Agreement. Actual Clearance, ZBA - ACH The State shall request funds such that they are deposited by ACH in a State account on the settlement date of payments issued by the State. The request shall be made in accordance with the appropriate Federal agency cut-off time specified in Exhibit I. The amount of the request shall be for the amount of funds that clear the State's account on the settlement date. This funding technique is interest neutral. Composite Clearance The State shall request funds such that they are deposited on the dollar-weighted average number of days required for funds to be paid out for a series of disbursements, in accordance with the clearance pattern specified in Exhibit II. The request shall be made in accordance with the appropriate Federal agency cut-off time specified in Exhibit I. The amount of the request shall be the sum of the payments issued in the series of disbursements. This funding technique is interest neutral. Estimated Clearance The State shall request funds such that they are deposited in a State account in accordance with the clearance pattern specified in Exhibit II - EC (Estimated Clearance). The request shall be made in accordance with the appropriate Federal agency cut-off time specified in Exhibit I. The amount of each request will be a percentage of the disbursement, according to the State's clearance pattern specified in Exhibit II - EC. This funding technique is interest neutral. Pre-Issuance The State shall request funds such that they are deposited in a State account not more than three business days prior to the day the State makes a disbursement. The request shall be made in accordance with the appropriate Federal agency cut-off time specified in Exhibit I. The amount of the request shall be the amount the State expects to disburse. This funding technique is not interest neutral. 6.2.2 The following are terms under which funding techniques for administrative costs shall be implemented for all transfers of funds to which the funding technique is applied in section 6.3.2 of this Agreement. There are no funding techniques listed in Section 6.2.2 6.2.3 The following are terms under which miscellaneous funding techniques shall be implemented for all transfers of funds to which the funding technique is applied in section 6.3.2 of this Agreement. There are no funding techniques listed in Section 6.2.3 6.2.4 The following are terms under which State unique funding techniques shall be implemented for all transfers of funds to which the funding technique is applied in section 6.3.2 of this Agreement. After Cost Allocation The State agency will make payments for programs purposes with state funds. Federal funds will be requested after actual costs are allocated to programs and funding sources or based on estimated allocations. The request will be made in accordance with cut-off times in Exhibit I (Funds Request and Receipt Time Schedule). All estimates will be reconciled within a 90 day period. The state will voluntarily not file a federal interest liability claim for the difference of federal funds earned versus funds estimated. This funding technique is interest neutral. Direct Administrative Costs-Payroll Additive Rate The State shall request funds for the payroll additive rate such that it is deposited on the dollar-weighted average as calculated in Exhibit II. The request shall be made in accordance with the appropriate Federal agency cut-off time specified in Exhibit I. The payroll additive rate is a portion of payroll that is set aside for Department of Highways personnel. It is not used by the State Department of Highways. The rate is used to allocate a cost for leave and benefits for West Virginia Department of Highways personnel working on a federal project, and is a percentage of direct labor costs. It is charged to the project and billed to the Federal Government at the prorata established for the project. This funding technique is interest neutral. In Advance of Issuance The state agency will request funds such that they are deposited in a state account not more than one day before the transaction is completed in the Statewide accounting system and in accordance with cut-off times in Exhibit I (Funds Request and Receipt Time Schedule). The State will use a standard of 3 days prior to the day the State makes a disbursement. However, under exceptional circumstances checks may be disbursed from 3 to 6 days (i.e. holidays). This funding technique is not interest neutral. Modified Pre-Issuance (DHHR Only) The state shall request funds based upon estimated expenditures. The federal cash balance is based on the letter of credit for each grant and balanced in a DHHR specific database. The federal cash balance can change due to adjustments by the granting agency for approved/disapproved disbursements. The estimated draws are based upon past experiences and are reconciled 90 days after the quarter ends. The West Virginia State Treasurer's Office will apply a First-In First-Out method to match draws to expenditures and calculate the interest liability. Settlement draws and retro draws will be used to replenish the federal cash balance but will not match to expenditures. This technique is agency specific for the Department of Health and Human Resources due to the complexity of the programs covered and the State's Accounting System limitations. The request for funds shall be made in accordance with cut-off times in Exhibit I (Funds Request and Receipt Time Schedule) This funding technique is not interest neutral.

Description of Funding Techniques. 6.2.1 The following are terms under which standard funding techniques shall be implemented for all transfers of funds to which the funding technique is applied in section 6.3.2 of this Agreement. Actual Clearance, ZBA - ACH The State shall request funds such that they are deposited by ACH in a State account on the settlement date of payments issued by the State. The request shall be made in accordance with the appropriate Federal agency cut-off time specified in Exhibit I. The amount of the request shall be for the amount of funds that clear the State's account on the settlement date. This funding technique is interest neutral. Composite Clearance The State shall request funds such that they are deposited on the dollar-weighted average number of days required for funds to be paid out for a series of disbursements, in accordance with the clearance pattern specified in Exhibit II. The request shall be made in accordance with the appropriate Federal agency cut-off time specified in Exhibit I. The amount of the request shall be the sum of the payments issued in the series of disbursements. This funding technique is interest neutral. Estimated Clearance The State shall request funds such that they are deposited in a State account in accordance with the clearance pattern specified in Exhibit II - EC (Estimated Clearance). The request shall be made in accordance with the appropriate Federal agency cut-off time specified in Exhibit I. The amount of each request will be a percentage of the disbursement, according to the State's clearance pattern specified in Exhibit II - EC. This funding technique is interest neutral. Pre-Issuance The State shall request funds such that they are deposited in a State account not more than three business days prior to the day the State makes a disbursement. The request shall be made in accordance with the appropriate Federal agency cut-off time specified in Exhibit I. The amount of the request shall be the amount the State expects to disburse. This funding technique is not interest neutral. 6.2.2 The following are terms under which funding techniques for administrative costs shall be implemented for all transfers of funds to which the funding technique is applied in section 6.3.2 of this Agreement. There are no funding techniques listed in Section 6.2.2 6.2.3 The following are terms under which miscellaneous funding techniques shall be implemented for all transfers of funds to which the funding technique is applied in section 6.3.2 of this Agreement. There are no funding techniques listed in Section 6.2.3 6.2.4 The following are terms under which State unique funding techniques shall be implemented for all transfers of funds to which the funding technique is applied in section 6.3.2 of this Agreement. After Cost Allocation Modified Pre-Issuance The State of Ohio's accounting system requires funding to be available prior to initiating a disbursement. In addition, disbursements take two business days to produce a payment. Given this fact pattern, State of Ohio agencies are typically unable to meet the three business day requirement and an eight business day requirement is necessary for agency will make payments for programs purposes compliance with state fundsthis agreement. Federal funds will be requested after actual costs are allocated to programs and funding sources or based on estimated allocations. The request will be made in accordance with cut-off times in Exhibit I (Funds Request and Receipt Time Schedule). All estimates will be reconciled within a 90 day period. The state will voluntarily not file a federal interest liability claim for the difference of federal funds earned versus funds estimated. This funding technique is interest neutral. Direct Administrative Costs-Payroll Additive Rate The State shall request funds for the payroll additive rate such that it is they are deposited on in a State account not more than eight business days prior to the dollar-weighted average as calculated in Exhibit IIday the State makes a disbursement. The request shall be made in accordance with the appropriate Federal agency cut-off time specified in Exhibit I. The payroll additive rate is a portion amount of payroll that is set aside for Department of Highways personnel. It is not used by the request shall be the amount the State Department of Highways. The rate is used expects to allocate a cost for leave and benefits for West Virginia Department of Highways personnel working on a federal project, and is a percentage of direct labor costs. It is charged to the project and billed to the Federal Government at the prorata established for the project. This funding technique is interest neutral. In Advance of Issuance The state agency will request funds such that they are deposited in a state account not more than one day before the transaction is completed in the Statewide accounting system and in accordance with cut-off times in Exhibit I (Funds Request and Receipt Time Schedule). The State will use a standard of 3 days prior to the day the State makes a disbursement. However, under exceptional circumstances checks may be disbursed from 3 to 6 days (i.e. holidays)disburse. This funding technique is not interest neutral. Modified Pre-Issuance (DHHR Only) Reimbursable The state State shall request funds based upon estimated expenditures. The federal cash balance is based such that they are deposited on the letter of credit for each grant and balanced in a DHHR specific database. The federal cash balance can change due to adjustments by the granting agency for approved/disapproved disbursements. The estimated draws are based upon past experiences and are reconciled 90 days after the quarter ends. The West Virginia State Treasurer's Office will apply a First-In First-Out method to match draws to expenditures and calculate the interest liability. Settlement draws and retro draws will be used to replenish the federal cash balance but will not match to expenditures. This technique is agency specific for the Department of Health and Human Resources due to the complexity of the programs covered and the State's Accounting System limitationsweekly, monthly, or quarterly basis. The request for funds shall be made in accordance with the appropriate Federal agency cut-off times time specified in Exhibit I (Funds Request I. The amount of the request shall be equal to the amount of the reimbursement requested by each respective state agency for allowable administrative and Receipt Time Schedule) program costs. The State of Ohio voluntarily waives its right to claim federal interest liability. This funding technique is not interest neutral.

Description of Funding Techniques. 6.2.1 The following are terms under which standard funding techniques shall be implemented for all transfers of funds to which the funding technique is applied in section 6.3.2 of this Agreement. Funding Technique Name Description Actual Clearance, ZBA - ACH The State shall request funds such that they are deposited by ACH in a State account on the settlement date of payments issued by the State. The request shall be made in accordance with the appropriate Federal agency cut-off time specified in Exhibit I. The amount of the request shall be for the amount of funds that clear the State's account on the settlement date. This funding technique is interest neutral. Composite Average Clearance The State shall request funds such that they are deposited by ACH on the dollar-dollar- weighted average number day of days required clearance for funds to be paid out for a series of disbursementsthe disbursement, in accordance with the clearance pattern specified in Exhibit II. The request shall be made in accordance with the appropriate Federal agency cut-off time specified in Exhibit I. The amount of the request shall be for the sum exact amount of the payments issued in the series of disbursementsthat disbursement. This funding technique is interest neutral. Estimated Clearance The State shall request funds such that they are deposited in a State account in accordance with the clearance pattern specified in Exhibit II - EC (Estimated Clearance). The request shall be made in accordance with the appropriate Federal agency cut-off time specified in Exhibit I. The amount of each request will be a percentage of the disbursement, according to the State's clearance pattern specified in Exhibit II - EC. This funding technique is interest neutral. Pre-Issuance The State shall request funds such that they are deposited in a State account not more than three business days prior to the day the State makes a disbursement. The request shall be made in accordance with the appropriate Federal agency cut-off time specified in Exhibit I. The amount of the request shall be the amount the State expects to disburse. This funding technique is not interest neutral. 6.2.2 The following are terms under which funding techniques for administrative costs shall be implemented for all transfers of funds to which the funding technique is applied in section 6.3.2 of this Agreement. There are currently no funding techniques listed in Section 6.2.2. 6.2.3 The following are terms under which miscellaneous funding techniques shall be implemented for all transfers of funds to which the funding technique is applied in section 6.3.2 of this Agreement. There are currently no funding techniques listed in Section 6.2.3. 6.2.4 The following are terms under which State unique funding techniques shall be implemented for all transfers of funds to which the funding technique is applied in section 6.3.2 of this Agreement. After Cost Allocation The State agency will make payments for programs purposes with state funds. Federal funds will be requested after actual costs are allocated to programs and funding sources or based on estimated allocations. The request will be made in accordance with cut-off times in Exhibit I (Funds Request and Receipt Time Schedule). All estimates will be reconciled within a 90 day period. The state will voluntarily not file a federal interest liability claim for the difference of federal funds earned versus funds estimated. This funding technique is interest neutral. Direct Administrative Costs-Payroll Additive Rate The State shall request funds for the payroll additive rate such that it is deposited on the dollar-weighted average as calculated in Exhibit II. Funding Technique Name Description Drawdowns at Fixed Intervals - Daily The request shall be made in accordance with the appropriate Federal agency cut-off time specified in Exhibit I. The payroll additive rate is a portion of payroll State shall request funds such that they are deposited by ACH in the State Account using an estimated daily average cost that is set aside based on the actual costs of the month two months prior to the current month. Estimated indirect costs will be recorded daily to unique expenditure accounts. At the end of the month, actual costs for Department of Highways personnel. It is not used by the State Department of Highwaysprior month will be recorded, and the prior month's estimated costs reversed. The rate is used to allocate a funds will be reconciled monthly after the cost for leave and benefits for West Virginia Department of Highways personnel working allocation program has been run. The State will draw or return funds based on a federal project, and is a percentage of direct labor costs. It is charged to the project and billed to the Federal Government at the prorata established reconciliation differences for the projectmonth. This funding technique is interest neutral. In Advance of Issuance Drawdowns at Fixed Intervals - Weekly The state request shall be made in accordance with the appropriate Federal agency will cut-off time specified in Exhibit I. The State shall request funds weekly on Wednesday such that they are deposited in a state account not more than one day before on the transaction is completed in the Statewide accounting system and in accordance with cut-off times in Exhibit I (Funds Request and Receipt Time Schedule)following business day. The State will use a standard amount of 3 days the request shall be based on the amount of actual cash outlays for direct and indirect administrative costs during the prior to the day the State makes a disbursement. Howeverweek, under exceptional circumstances checks may be disbursed from 3 to 6 days (i.e. holidays)Wednesday through Tuesday. This funding technique is not interest neutral. Modified Pre-Issuance Drawdowns at Fixed Intervals - Weekly (DHHR Only2) The state request shall be made in accordance with the appropriate Federal agency cut-off time specified in Exhibit I. The State shall request funds based upon estimated expendituresweekly on Wednesday such that they are deposited on the following business day. The federal cash balance is amount of the request shall be based on the letter amount of credit actual cash outlays for each grant direct and balanced in a DHHR specific database. The federal cash balance can change due to adjustments by estimated indirect administrative costs during the granting agency for approved/disapproved disbursementsprior week, Wednesday through Tuesday. The estimated draws indirect costs are based upon past experiences on the actual indirect costs of the month two months prior to the current month. At the end of the month, actual indirect costs for the prior month will be recorded, and are the prior month's estimated costs reversed. The funds will be reconciled 90 days monthly after the quarter endscost allocation program has been run. The West Virginia State Treasurer's Office will apply a First-In First-Out method to match draws to expenditures and calculate draw or return funds based on the interest liability. Settlement draws and retro draws will be used to replenish reconciliation differences for the federal cash balance but will not match to expendituresmonth. This funding technique is agency specific for the interest neutral. Drawdowns at Fixed Intervals - Weekly (3) The Department of Health Transportation shall submit a weekly invoice for all program costs and Human Resources due payments. There may be instances that require MDT to draw more than once within a week (i.e. month-end closing or large dollar payments that cannot wait until the complexity of the programs covered and the State's Accounting System limitationsnext weekly draw). The request for of the funds shall be made in accordance with the appropriate Federal agency cut-off times time in Exhibit I (Funds Request to the extent practical. The amount of the request shall be the amount of actual costs and Receipt Time Schedule) payments incurred since the last request for funds. This funding technique is not interest neutral. Drawdowns at Fixed Intervals - Weekly (4) The request shall be made in accordance with the appropriate Federal agency cut-off time specified in Exhibit I. The State shall request funds weekly on Wednesday, or as reasonable to address negative cash needs, such that they are deposited on the date of receipt from the appropriate Federal Agency. The amount of the request shall be based on the amount of actual program costs incurred during the prior week, Wednesday through Tuesday. This funding technique is interest neutral. Modified Actual Clearance (ZBA - ACH) The request shall be made in accordance with the appropriate Federal agency cut-off time specified in Exhibit I. Each day, the State will receive notification of the amount of EBT benefits and fee payments that processed the previous day, and the State's cash balance will be reduced by the amount of EBT payments processed. On the same day, the State will request that amount and receive and deposit the funds on the same day requested. This funding technique is interest neutral. Payment Schedule - HUD (2) The Department of Commerce electronically transmits voucher payment information to HUD via TRACSMail approximately four business days prior to the last business day of the month. HUD's Tenant Rental Assistance System (TRACS) compares the transmitted voucher information to HUD data on file. The voucher payment request, excluding any voucher and contract discrepancies identified in the comparison process, is then forwarded to the HUD payment funding system (LOCCS Line of Credit Control System). On the last business day of the month, LOCCS sends an e- mail to the Department of Commerce regarding the HUD deposit scheduled for the first business day of the next month. The e-mail includes an estimated deposit date, dollar amount, and an attachment with individual contract payment detail. The Department of Commerce reconciles the voucher payment information transmitted to HUD to the LOCCS e-mail deposit total. The Department of Commerce will then disburse housing assistance payments by EFT (Electronic Fund Transfer), so that the settlement date is the first business day of the month, except for the months of January and July. The settlement date will be the second business day of those months due to 1099 reporting (January) and fiscal year-end reporting (July). This funding technique is interest neutral.

Description of Funding Techniques. 6.2.1 The following are terms under which standard funding techniques shall be implemented for all transfers of funds to which the funding technique is applied in section 6.3.2 of this Agreement. Funding Technique Name Description Actual Clearance, ZBA - ACH The State shall request funds such that they are deposited by ACH in a State account on the settlement date of payments issued by the State. The request shall be made in accordance with the appropriate Federal agency cut-off time specified in Exhibit I. The amount of the request shall be for the amount of funds that clear the State's account on the settlement date. This funding technique is interest neutral. Composite Average Clearance The State shall request funds such that they are deposited by ACH on the dollar-dollar- weighted average number day of days required clearance for funds to be paid out for a series of disbursementsthe disbursement, in accordance with the clearance pattern specified in Exhibit II. The request shall be made in accordance with the appropriate Federal agency cut-off time specified in Exhibit I. The amount of the request shall be for the sum exact amount of the payments issued in the series of disbursementsthat disbursement. This funding technique is interest neutral. Estimated Clearance The State shall request funds such that they are deposited in a State account in accordance with the clearance pattern specified in Exhibit II - EC (Estimated Clearance). The request shall be made in accordance with the appropriate Federal agency cut-off time specified in Exhibit I. The amount of each request will be a percentage of the disbursement, according to the State's clearance pattern specified in Exhibit II - EC. This funding technique is interest neutral. Pre-Issuance The State shall request funds such that they are deposited in a State account not more than three business days prior to the day the State makes a disbursement. The request shall be made in accordance with the appropriate Federal agency cut-off time specified in Exhibit I. The amount of the request shall be the amount the State expects to disburse. This funding technique is not interest neutral. 6.2.2 The following are terms under which funding techniques for administrative costs shall be implemented for all transfers of funds to which the funding technique is applied in section 6.3.2 of this Agreement. There are currently no funding techniques listed in Section 6.2.2. 6.2.3 The following are terms under which miscellaneous funding techniques shall be implemented for all transfers of funds to which the funding technique is applied in section 6.3.2 of this Agreement. There are currently no funding techniques listed in Section 6.2.3. 6.2.4 The following are terms under which State unique funding techniques shall be implemented for all transfers of funds to which the funding technique is applied in section 6.3.2 of this Agreement. After Cost Allocation The State agency will make payments for programs purposes with state funds. Federal funds will be requested after actual costs are allocated to programs and funding sources or based on estimated allocations. The request will be made in accordance with cut-off times in Exhibit I (Funds Request and Receipt Time Schedule). All estimates will be reconciled within a 90 day period. The state will voluntarily not file a federal interest liability claim for the difference of federal funds earned versus funds estimated. This funding technique is interest neutral. Direct Administrative Costs-Payroll Additive Rate The State shall request funds for the payroll additive rate such that it is deposited on the dollar-weighted average as calculated in Exhibit II. Funding Technique Name Description Drawdowns at Fixed Intervals - Daily The request shall be made in accordance with the appropriate Federal agency cut-off time specified in Exhibit I. The payroll additive rate is a portion of payroll State shall request funds such that they are deposited by ACH in the State Account using an estimated daily average cost that is set aside based on the actual costs of the month two months prior to the current month. Estimated indirect costs will be recorded daily to unique expenditure accounts. At the end of the month, actual costs for Department of Highways personnel. It is not used by the State Department of Highwaysprior month will be recorded, and the prior month's estimated costs reversed. The rate is used to allocate a funds will be reconciled monthly after the cost for leave and benefits for West Virginia Department of Highways personnel working allocation program has been run. The State will draw or return funds based on a federal project, and is a percentage of direct labor costs. It is charged to the project and billed to the Federal Government at the prorata established reconciliation differences for the projectmonth. This funding technique is interest neutral. In Advance of Issuance Drawdowns at Fixed Intervals - Weekly The state request shall be made in accordance with the appropriate Federal agency will cut-off time specified in Exhibit I. The State shall request funds weekly on Wednesday such that they are deposited in a state account not more than one day before on the transaction is completed in the Statewide accounting system and in accordance with cut-off times in Exhibit I (Funds Request and Receipt Time Schedule)following business day. The State will use a standard amount of 3 days the request shall be based on the amount of actual cash outlays for direct and indirect administrative costs during the prior to the day the State makes a disbursement. Howeverweek, under exceptional circumstances checks may be disbursed from 3 to 6 days (i.e. holidays)Wednesday through Tuesday. This funding technique is not interest neutral. Modified Pre-Issuance Drawdowns at Fixed Intervals - Weekly (DHHR Only2) The state request shall be made in accordance with the appropriate Federal agency cut-off time specified in Exhibit I. The State shall request funds based upon estimated expendituresweekly on Wednesday such that they are deposited on the following business day. The federal cash balance is amount of the request shall be based on the letter amount of credit actual cash outlays for each grant direct and balanced in a DHHR specific database. The federal cash balance can change due to adjustments by estimated indirect administrative costs during the granting agency for approved/disapproved disbursementsprior week, Wednesday through Tuesday. The estimated draws indirect costs are based upon past experiences on the actual indirect costs of the month two months prior to the current month. At the end of the month, actual indirect costs for the prior month will be recorded, and are the prior month's estimated costs reversed. The funds will be reconciled 90 days monthly after the quarter endscost allocation program has been run. The West Virginia State Treasurer's Office will apply a First-In First-Out method to match draws to expenditures and calculate draw or return funds based on the interest liability. Settlement draws and retro draws will be used to replenish reconciliation differences for the federal cash balance but will not match to expendituresmonth. This funding technique is agency specific for the interest neutral. Drawdowns at Fixed Intervals - Weekly (3) The Department of Health Transportation shall submit a weekly invoice for all program costs and Human Resources due payments. There may be instances that require MDT to draw more than once within a week (i.e. month-end closing or large dollar payments that cannot wait until the complexity of the programs covered and the State's Accounting System limitationsnext weekly draw). The request for of the funds shall be made in accordance with the appropriate Federal agency cut-off times time in Exhibit I (Funds Request to the extent practical. The amount of the request shall be the amount of actual costs and Receipt Time Schedule) payments incurred since the last request for funds. This funding technique is not interest neutral. Drawdowns at Fixed Intervals - Weekly (4) The request shall be made in accordance with the appropriate Federal agency cut-off time specified in Exhibit I. The State shall request funds weekly on Wednesday, or as reasonable to address negative cash needs, such that they are deposited on the date of receipt from the appropriate Federal Agency. The amount of the request shall be based on the amount of actual program costs incurred during the prior week, Wednesday through Tuesday. This funding technique is interest neutral. Modified Actual Clearance (ZBA - ACH) The request shall be made in accordance with the appropriate Federal agency cut-off time specified in Exhibit I. Each day, the State will receive notification of the amount of EBT benefits and fee payments that processed the previous day, and the State's cash balance will be reduced by the amount of EBT payments processed. On the same day, the State will request that amount and receive and deposit the funds on the same day requested. This funding technique is interest neutral.

Description of Funding Techniques. 6.2.1 The following are terms under which standard funding techniques shall be implemented for all transfers of funds to which the funding technique is applied in section 6.3.2 of this Agreement. Actual Clearance, ZBA - ACH The State shall request funds such that they are deposited by ACH in a State account on the settlement date of payments issued by the State. The request shall be made in accordance with the appropriate Federal agency cut-off time specified in Exhibit I. The amount of the request shall be for the amount of funds that clear the State's account on the settlement date. This funding technique is interest neutral. Composite Clearance The State shall request funds such that they are deposited on the dollar-weighted average number of days required for funds to be paid out for a series of disbursements, in accordance with the clearance pattern specified in Exhibit II. The request shall be made in accordance with the appropriate Federal agency cut-off time specified in Exhibit I. The amount of the request shall be the sum of the payments issued in the series of disbursements. This funding technique is interest neutral. Estimated Clearance The State shall request funds such that they are deposited in a State account in accordance with the clearance pattern specified in Exhibit II - EC (Estimated Clearance). The request shall be made in accordance with the appropriate Federal agency cut-off time specified in Exhibit I. The amount of each request will be a percentage of the disbursement, according to the State's clearance pattern specified in Exhibit II - EC. This funding technique is interest neutral. PrePost-Issuance The State shall request funds such that they are deposited in a State account not more than three business days prior to the day after the State makes a disbursementissues checks, but before the checks clear. The request shall be made in accordance with the appropriate Federal agency cut-off time specified in Exhibit I. The amount of the request shall be the amount of the State expects to disbursedisbursement. This funding technique is not interest neutral. 6.2.2 The following are terms under which funding techniques for administrative costs shall be implemented for all transfers of funds to which the funding technique is applied in section 6.3.2 of this Agreement. There Cost Allocation Plans - Estimated Allocation - Monthly The State shall request funds once a month, such that they are no deposited on the median day of the month, to fund the costs incurred during that month. The request shall be made in accordance with the appropriate Federal agency cut-off time specified in Exhibit I. The amount of the request shall be an estimate based on the actual allocation of costs to the program for the preceding six months. This funding techniques listed technique is interest neutral. Cost Allocation Plans - Monthly The State shall request funds once a month, such that they are deposited on the median day of the month, to fund activity of the prior month. The request shall be made in Section 6.2.2accordance with the appropriate Federal agency cut-off time specified in Exhibit I. The amount of the request for a given month's activity shall be based on actual costs distributed in accordance with the State's approved cost allocation plan. This funding technique is interest neutral. Direct Administrative Costs - Drawdowns on a Payroll Cycle The State shall request funds for all direct administrative costs such that they are deposited on the dollar-weighted average date of clearance of payroll. The request shall be made in accordance with the appropriate Federal agency cut- off time specified in Exhibit I. The amount of funds requested shall be based on the amount of liabilities recorded for direct administrative costs since the last request for funds. This funding technique is interest neutral. 6.2.3 The following are terms under which miscellaneous funding techniques shall be implemented for all transfers of funds to which the funding technique is applied in section 6.3.2 of this Agreement. There are no funding techniques listed in Section 6.2.3 6.2.4 The following are terms under which State unique funding techniques shall be implemented for all transfers of funds to which the funding technique is applied in section 6.3.2 of this Agreement. After Cost Allocation The State agency will make payments for programs purposes with state funds. Federal funds will be requested after actual costs are allocated to programs and funding sources or based on estimated allocations. The request will be made in accordance with cutActual Clearance, ZBA-off times in Exhibit I ACH (Funds Request and Receipt Time Schedule). All estimates will be reconciled within a 90 day period. The state will voluntarily not file a federal interest liability claim for the difference of federal funds earned versus funds estimated. This funding technique is interest neutral. Direct Administrative Costs-Payroll Additive Rate Modified) The State shall request funds for the payroll additive rate such that it is they are deposited on by ACH in a State account the dollar-weighted average as calculated in Exhibit IIfollowing day. The request shall be made in accordance with the appropriate Federal agency cut-off time times specified in Exhibit I. The payroll additive rate is a portion of payroll that is set aside for Department of Highways personnel. It is not used by the State Department of Highways1. The rate is used to allocate a cost for leave and benefits for West Virginia Department amount of Highways personnel working on a federal project, and is a percentage of direct labor costs. It is charged to the project and billed to the Federal Government at the prorata established request shall be for the projectamount of funds that clear the State's account the previous day. This funding technique is interest neutral. In Advance of Issuance The state agency will Estimated Clearance (Truncated) For the first ten (10) business days, the State shall request funds such that they are deposited in accordance with the clearance pattern specified. The State shall make a state account not more than one request for all funds outstanding after ten business days such that the funds are deposited on the dollar-weighted average day before of clearance for the transaction is completed in the Statewide accounting system and outstanding funds, in accordance with cut-off times in Exhibit I (Funds Request and Receipt Time Schedule). The State will use a standard of 3 days prior to the day the State makes a disbursement. However, under exceptional circumstances checks may be disbursed from 3 to 6 days (i.e. holidays). This funding technique is not interest neutral. Modified Pre-Issuance (DHHR Only) The state shall request funds based upon estimated expenditures. The federal cash balance is based on the letter of credit for each grant and balanced in a DHHR specific database. The federal cash balance can change due to adjustments by the granting agency for approved/disapproved disbursements. The estimated draws are based upon past experiences and are reconciled 90 days after the quarter ends. The West Virginia State Treasurer's Office will apply a First-In First-Out method to match draws to expenditures and calculate the interest liability. Settlement draws and retro draws will be used to replenish the federal cash balance but will not match to expenditures. This technique is agency specific for the Department of Health and Human Resources due to the complexity of the programs covered and the State's Accounting System limitationsclearance pattern specified. The request for funds shall be made in accordance with cut-the appropriate Federal agency cut- off times time specified in Exhibit I (Funds Request and Receipt Time Schedule) 1. This funding technique is not interest neutral. 6.2.5 When the average clearance funding technique is used, average clearance days will be rounded down from .01 through .49 and rounded up from .50 through .99.

Description of Funding Techniques. 6.2.1 The following are terms under which standard funding techniques shall be implemented for all transfers of funds to which the funding technique is applied in section 6.3.2 of this Agreement. Funding Technique Name Description Actual Clearance, ZBA - ACH The State shall request funds such that they are deposited by ACH in a State account on the settlement date of payments issued by the State. The request shall be made in accordance with the appropriate Federal agency cut-off time specified in Exhibit I. The amount of the request shall be for the amount of funds that clear the State's account on the settlement date. This funding technique is interest neutral. Composite Average Clearance The State shall request funds such that they are deposited by ACH on the dollar-dollar- weighted average number day of days required clearance for funds to be paid out for a series of disbursementsthe disbursement, in accordance with the clearance pattern specified in Exhibit II. The request shall be made in accordance with the appropriate Federal agency cut-off time specified in Exhibit I. The amount of the request shall be for the sum exact amount of the payments issued in the series of disbursementsthat disbursement. This funding technique is interest neutral. Estimated Clearance The State shall request funds such that they are deposited in a State account in accordance with the clearance pattern specified in Exhibit II - EC (Estimated Clearance). The request shall be made in accordance with the appropriate Federal agency cut-off time specified in Exhibit I. The amount of each request will be a percentage of the disbursement, according to the State's clearance pattern specified in Exhibit II - EC. This funding technique is interest neutral. Pre-Issuance The State shall request funds such that they are deposited in a State account not more than three business days prior to the day the State makes a disbursement. The request shall be made in accordance with the appropriate Federal agency cut-off time specified in Exhibit I. The amount of the request shall be the amount the State expects to disburse. This funding technique is not interest neutral. 6.2.2 The following are terms under which funding techniques for administrative costs shall be implemented for all transfers of funds to which the funding technique is applied in section 6.3.2 of this Agreement. There are currently no funding techniques listed in Section 6.2.2. 6.2.3 The following are terms under which miscellaneous funding techniques shall be implemented for all transfers of funds to which the funding technique is applied in section 6.3.2 of this Agreement. There are currently no funding techniques listed in Section 6.2.3. 6.2.4 The following are terms under which State unique funding techniques shall be implemented for all transfers of funds to which the funding technique is applied in section 6.3.2 of this Agreement. After Cost Allocation The State agency will make payments for programs purposes with state funds. Federal funds will be requested after actual costs are allocated to programs and funding sources or based on estimated allocations. The request will be made in accordance with cut-off times in Exhibit I (Funds Request and Receipt Time Schedule). All estimates will be reconciled within a 90 day period. The state will voluntarily not file a federal interest liability claim for the difference of federal funds earned versus funds estimated. This funding technique is interest neutral. Direct Administrative Costs-Payroll Additive Rate The State shall request funds for the payroll additive rate such that it is deposited on the dollar-weighted average as calculated in Exhibit II. Funding Technique Name Description Drawdowns at Fixed Intervals - Daily The request shall be made in accordance with the appropriate Federal agency cut-off time specified in Exhibit I. The payroll additive rate is a portion of payroll State shall request funds such that they are deposited by ACH in the State Account using an estimated daily average cost that is set aside based on the actual costs of the month two months prior to the current month. Estimated indirect costs will be recorded daily to unique expenditure accounts. At the end of the month, actual costs for Department of Highways personnel. It is not used by the State Department of Highwaysprior month will be recorded, and the prior month's estimated costs reversed. The rate is used to allocate a funds will be reconciled monthly after the cost for leave and benefits for West Virginia Department of Highways personnel working allocation program has been run. The State will draw or return funds based on a federal project, and is a percentage of direct labor costs. It is charged to the project and billed to the Federal Government at the prorata established reconciliation differences for the projectmonth. This funding technique is interest neutral. In Advance of Issuance Drawdowns at Fixed Intervals - Weekly The state request shall be made in accordance with the appropriate Federal agency will cut-off time specified in Exhibit I. The State shall request funds weekly on Wednesday such that they are deposited in a state account not more than one day before on the transaction is completed in the Statewide accounting system and in accordance with cut-off times in Exhibit I (Funds Request and Receipt Time Schedule)following business day. The State will use a standard amount of 3 days the request shall be based on the amount of actual cash outlays for direct and indirect administrative costs during the prior to the day the State makes a disbursement. Howeverweek, under exceptional circumstances checks may be disbursed from 3 to 6 days (i.e. holidays)Wednesday through Tuesday. This funding technique is not interest neutral. Modified Pre-Issuance Drawdowns at Fixed Intervals - Weekly (DHHR Only2) The state request shall be made in accordance with the appropriate Federal agency cut-off time specified in Exhibit I. The State shall request funds based upon estimated expendituresweekly on Wednesday such that they are deposited on the following business day. The federal cash balance is amount of the request shall be based on the letter amount of credit actual cash outlays for each grant direct and balanced in a DHHR specific database. The federal cash balance can change due to adjustments by estimated indirect administrative costs during the granting agency for approved/disapproved disbursementsprior week, Wednesday through Tuesday. The estimated draws indirect costs are based upon past experiences on the actual indirect costs of the month two months prior to the current month. At the end of the month, actual indirect costs for the prior month will be recorded, and are the prior month's estimated costs reversed. The funds will be reconciled 90 days monthly after the quarter endscost allocation program has been run. The West Virginia State Treasurer's Office will apply a First-In First-Out method to match draws to expenditures and calculate draw or return funds based on the interest liability. Settlement draws and retro draws will be used to replenish reconciliation differences for the federal cash balance but will not match to expendituresmonth. This funding technique is agency specific for the interest neutral. Drawdowns at Fixed Intervals - Weekly (3) The Department of Health Transportation shall submit a weekly invoice for all program costs and Human Resources due payments. There may be instances that require MDT to draw more than once within a week (i.e. month-end closing or large dollar payments that cannot wait until the complexity of the programs covered and the State's Accounting System limitationsnext weekly draw). The request for of the funds shall be made in accordance with the appropriate Federal agency cut-off times time in Exhibit I (Funds Request to the extent practical. The amount of the request shall be the amount of actual costs and Receipt Time Schedule) payments incurred since the last request for funds. This funding technique is not interest neutral. Drawdowns at Fixed Intervals - Weekly (4) The request shall be made in accordance with the appropriate Federal agency cut-off time specified in Exhibit I. The State shall request funds weekly on Wednesday, or as reasonable to address negative cash needs, such that they are deposited on the date of receipt from the appropriate Federal Agency. The amount of the request shall be based on the amount of actual program costs incurred during the prior week, Wednesday through Tuesday. This funding technique is interest neutral. Drawdowns at Fixed Intervals - Weekly (5) The request shall be made in accordance with the appropriate Federal agency cut-off time specified in Exhibit I. The state shall request funds weekly on Wednesday such that they are deposited on the following business day. The amount of the request shall be based on the amount of estimated cash outlays for indirect administrative costs during the prior week, Wednesday through Tuesday. Estimated amounts to be trued up to actual amounts after the end of each quarter. This funding technique is interest neutral. Modified Actual Clearance (ZBA - ACH) The request shall be made in accordance with the appropriate Federal agency cut-off time specified in Exhibit I. Each day, the State will receive notification of the amount of EBT benefits and fee payments that processed the previous day, and the State's cash balance will be reduced by the amount of EBT payments processed. On the same day, the State will request that amount and receive and deposit the funds on the same day requested. This funding technique is interest neutral. Payment Schedule - HUD (2) The Department of Commerce electronically transmits voucher payment information to HUD via TRACSMail approximately four business days prior to the last business day of the month. HUD's Tenant Rental Assistance System (TRACS) compares the transmitted voucher information to HUD data on file. The voucher payment request, excluding any voucher and contract discrepancies identified in the comparison process, is then forwarded to the HUD payment funding system (LOCCS - Line of Credit Control System). On the last business day of the month, LOCCS sends an e- mail to the Department of Commerce regarding the HUD deposit scheduled for the first business day of the next month. The e-mail includes an estimated deposit date, dollar amount, and an attachment with individual contract payment detail. The Department of Commerce reconciles the voucher payment information transmitted to HUD to the LOCCS e-mail deposit total. The Department of Commerce will then disburse housing assistance payments by EFT (Electronic Fund Transfer), so that the settlement date is within five business days of receiving the funds from HUD. This funding technique is interest neutral.

Description of Funding Techniques. 6.2.1 The following are terms under which standard funding techniques shall be implemented for all transfers of funds to which the funding technique is applied in section 6.3.2 of this Agreement. Funding Technique Name Description Actual Clearance, ZBA - ACH The State shall request funds such that they are deposited by ACH in a State account on the settlement date of payments issued by the State. The request shall be made in accordance with the appropriate Federal agency cut-off time specified in Exhibit I. The amount of the request shall be for the amount of funds that clear the State's account on the settlement date. This funding technique is interest neutral. Composite Average Clearance The State shall request funds such that they are deposited by ACH on the dollar-dollar- weighted average number day of days required clearance for funds to be paid out for a series of disbursementsthe disbursement, in accordance with the clearance pattern specified in Exhibit II. The request shall be made in accordance with the appropriate Federal agency cut-off time specified in Exhibit I. The amount of the request shall be for the sum exact amount of the payments issued in the series of disbursementsthat disbursement. This funding technique is interest neutral. Estimated Clearance The State shall request funds such that they are deposited in a State account in accordance with the clearance pattern specified in Exhibit II - EC (Estimated Clearance). The request shall be made in accordance with the appropriate Federal agency cut-off time specified in Exhibit I. The amount of each request will be a percentage of the disbursement, according to the State's clearance pattern specified in Exhibit II - EC. This funding technique is interest neutral. Pre-Issuance The State shall request funds such that they are deposited in a State account not more than three business days prior to the day the State makes a disbursement. The request shall be made in accordance with the appropriate Federal agency cut-off time specified in Exhibit I. The amount of the request shall be the amount the State expects to disburse. This funding technique is not interest neutral. 6.2.2 The following are terms under which funding techniques for administrative costs shall be implemented for all transfers of funds to which the funding technique is applied in section 6.3.2 of this Agreement. There are currently no funding techniques listed in Section 6.2.2. 6.2.3 The following are terms under which miscellaneous funding techniques shall be implemented for all transfers of funds to which the funding technique is applied in section 6.3.2 of this Agreement. There are currently no funding techniques listed in Section 6.2.3. 6.2.4 The following are terms under which State unique funding techniques shall be implemented for all transfers of funds to which the funding technique is applied in section 6.3.2 of this Agreement. After Cost Allocation Funding Technique Name Description Electronic Benefit Transfers The State agency will make payments for programs purposes with state funds. Federal Fiscal Agent, Comerica, requests funds will be requested after actual costs are allocated to programs and funding sources or based on estimated allocations. the previous day's settled value at 7:00 p.m. The request will be funds are drawn directly by X.X. Xxxxxx Electronic Financial Services, Inc. The requests for funds are made in accordance with the appropriate Federal agency cut-off times time specified in Exhibit I (Funds Request and Receipt Time Schedule). All estimates will be reconciled within a 90 day period. I. The state will voluntarily not file a federal interest liability claim for settled value is the difference value of federal funds earned versus funds estimatedthe transactions in the previous 24-hour period as obtained from the retailers. This funding technique is interest neutral. Direct Administrative Costs-Payroll Additive Rate Labor Distribution The State shall request funds in the first weekly billing cycle following the completion of the labor distribution for the payroll additive rate pay period. The amount of the funds requested would be the actual distribution cost of the pay period. The request for funds shall be made in accordance with the appropriate Federal agency cut-off time specified in Exhibit I. This funding technique is interest neutral. Payment Schedule (Annual Award, Monthly) The State shall receive funds such that it is they are deposited in a State's account on the dollar1st banking day of the month. The request shall be made in accordance with the appropriate Federal agency cut-weighted average as calculated off time specified in Exhibit II1. The amount of the receipt shall be 1/12 of the annual grant award. Program disbursements are to be made such that they clear on the first banking day of the month. This funding technique is interest neutral. Reimbursement The state requests funds such that they are deposited in a State account after the state has disbursed funds for Federal assistance purposes. Reimbursements are for actual expenditures. This funding technique is interest neutral. ZBA-ACH and Check Issuance Mixed Funding The State shall request funds such that they are deposited by ACH in a State account on the payment date, which is the same day, of payments issued by the State. Federal expenditures for the State Children's Insurance Program (93.767) and the Medical Assistance Program (93.778) are made from one bank account and initial federal funding for these expenditures is requested at the actual rate. Final federal funding for the State Children's Insurance Program is requested quarterly. Under Medicaid funds, Administration Payments (formerly known as MT) and Medicaid Assistance Payments (MAP) type Medicaid funds can be drawn as mixed funding until quarterly award settlements are reconciled. The request shall be made in accordance with the appropriate Federal agency cut-off time specified in Exhibit I. The payroll additive rate is a portion amount of payroll that is set aside for Department of Highways personnel. It is not used by the State Department of Highways. The rate is used to allocate a cost for leave and benefits for West Virginia Department of Highways personnel working on a federal project, and is a percentage of direct labor costs. It is charged to the project and billed to the Federal Government at the prorata established request shall be for the projectamount of funds that clear the State's account on the settlement date, which is the same day, for electronic fund transfers. This funding technique Federal funds for checks will be drawn 10 days after issuance which is interest neutral. In Advance the average amount of Issuance The state agency will request funds such that they are deposited in a state account not more than one day before time it takes for all checks issued to clear the transaction is completed in the Statewide accounting system and in accordance with cut-off times in Exhibit I (Funds Request and Receipt Time Schedule). The State will use a standard of 3 days prior to the day the State makes a disbursement. However, under exceptional circumstances checks may be disbursed from 3 to 6 days (i.e. holidays)bank. This funding technique is not interest neutral. Modified Pre-Issuance (DHHR Only) The state shall request funds based upon estimated expenditures. The federal cash balance is based on the letter of credit for each grant and balanced in a DHHR specific database. The federal cash balance can change due to adjustments by the granting agency for approved/disapproved disbursements. The estimated draws are based upon past experiences and are reconciled 90 days after the quarter ends. The West Virginia State Treasurer's Office will apply a First-In First-Out method to match draws to expenditures and calculate the interest liability. Settlement draws and retro draws will be used to replenish the federal cash balance but will not match to expenditures. This technique is agency specific for the Department of Health and Human Resources due to the complexity of the programs covered and the State's Accounting System limitations. The request for funds shall be made in accordance with cut-off times in Exhibit I (Funds Request and Receipt Time Schedule) This funding technique is not interest neutral.

Description of Funding Techniques. 6.2.1 The following are terms under which standard funding techniques shall be implemented for all transfers of funds to which the funding technique is applied in section 6.3.2 of this Agreement. Actual Clearance, ZBA - ACH The State shall request funds such that they are deposited by ACH in a State account on the settlement date of payments issued by the State. The request shall be made in accordance with the appropriate Federal agency cut-off time specified in Exhibit I. The amount of the request shall be for the amount of funds that clear the State's account on the settlement date. This funding technique is interest neutral. Composite Clearance The State shall request funds such that they are deposited on the dollar-weighted average number of days required for funds to be paid out for a series of disbursements, in accordance with the clearance pattern specified in Exhibit II. The request shall be made in accordance with the appropriate Federal agency cut-off time specified in Exhibit I. The amount of the request shall be the sum of the payments issued in the series of disbursements. This funding technique is interest neutral. Estimated Clearance The State shall request funds such that they are deposited in a State account in accordance with the clearance pattern specified in Exhibit II - EC (Estimated Clearance). The request shall be made in accordance with the appropriate Federal agency cut-off time specified in Exhibit I. The amount of each request will be a percentage of the disbursement, according to the State's clearance pattern specified in Exhibit II - EC. This funding technique is interest neutral. Pre-Issuance The State shall request funds such that they are deposited in a State account not more than three business days prior to the day the State makes a disbursement. The request shall be made in accordance with the appropriate Federal agency cut-off time specified in Exhibit I. The amount of the request shall be the amount the State expects to disburse. This funding technique is not interest neutral. 6.2.2 The following are terms under which funding techniques for administrative costs shall be implemented for all transfers of funds to which the funding technique is applied in section 6.3.2 of this Agreement. There are no funding techniques listed in Section 6.2.2 6.2.3 The following are terms under which miscellaneous funding techniques shall be implemented for all transfers of funds to which the funding technique is applied in section 6.3.2 of this Agreement. There are no funding techniques listed in Section 6.2.3 6.2.4 The following are terms under which State unique funding techniques shall be implemented for all transfers of funds to which the funding technique is applied in section 6.3.2 of this Agreement. After Cost Allocation Modified Pre-Issuance The State of Ohio's accounting system requires funding to be available prior to initiating a disbursement. In addition, disbursements take two business days to produce a payment. Given this fact pattern, State of Ohio agencies are typically unable to meet the three business day requirement and a five business day average requirement is necessary for agency will make payments for programs purposes compliance with state fundsthis agreement. Federal funds will be requested after actual costs are allocated to programs and funding sources or based on estimated allocations. The request will be made in accordance with cut-off times in Exhibit I (Funds Request and Receipt Time Schedule). All estimates will be reconciled within a 90 day period. The state will voluntarily not file a federal interest liability claim for the difference of federal funds earned versus funds estimated. This funding technique is interest neutral. Direct Administrative Costs-Payroll Additive Rate The State shall request funds for the payroll additive rate such that it is they are deposited in a State account not more than on average five business days prior to the dollar-weighted average as calculated in Exhibit IIday the State makes a disbursement. The request shall be made in accordance with the appropriate Federal agency cut-off time specified in Exhibit I. The payroll additive rate is a portion amount of payroll that is set aside for Department of Highways personnel. It is not used by the request shall be the amount the State Department of Highways. The rate is used expects to allocate a cost for leave and benefits for West Virginia Department of Highways personnel working on a federal project, and is a percentage of direct labor costs. It is charged to the project and billed to the Federal Government at the prorata established for the project. This funding technique is interest neutral. In Advance of Issuance The state agency will request funds such that they are deposited in a state account not more than one day before the transaction is completed in the Statewide accounting system and in accordance with cut-off times in Exhibit I (Funds Request and Receipt Time Schedule). The State will use a standard of 3 days prior to the day the State makes a disbursement. However, under exceptional circumstances checks may be disbursed from 3 to 6 days (i.e. holidays)disburse. This funding technique is not interest neutral. Modified Pre-Issuance (DHHR Only) Reimbursable The state State shall request funds based upon estimated expenditures. The federal cash balance is based such that they are deposited on the letter of credit for each grant and balanced in a DHHR specific database. The federal cash balance can change due to adjustments by the granting agency for approved/disapproved disbursements. The estimated draws are based upon past experiences and are reconciled 90 days after the quarter ends. The West Virginia State Treasurer's Office will apply a First-In First-Out method to match draws to expenditures and calculate the interest liability. Settlement draws and retro draws will be used to replenish the federal cash balance but will not match to expenditures. This technique is agency specific for the Department of Health and Human Resources due to the complexity of the programs covered and the State's Accounting System limitationsweekly, monthly, or quarterly basis. The request for funds shall be made in accordance with the appropriate Federal agency cut-off times time specified in Exhibit I (Funds Request I. The amount of the request shall be equal to the amount of the reimbursement requested by each respective state agency for allowable administrative and Receipt Time Schedule) program costs. The State of Ohio voluntarily waives its right to claim federal interest liability. This funding technique is not interest neutral.

Description of Funding Techniques. 6.2.1 The following are terms under which standard funding techniques shall be implemented for all transfers of funds to which the funding technique is applied in section 6.3.2 of this Agreement. Funding Technique Name Description Actual Clearance, ZBA - ACH The State shall request funds such that they are deposited by ACH in a State account on the settlement date of payments issued by the State. The request shall be made in accordance with the appropriate Federal agency cut-off time specified in Exhibit I. The amount of the request shall be for the amount of funds that clear the State's account on the settlement date. This funding technique is interest neutral. Composite Average Clearance The State shall request funds such that they are deposited by ACH on the dollar-dollar- weighted average number day of days required clearance for funds to be paid out for a series of disbursementsthe disbursement, in accordance with the clearance pattern specified in Exhibit II. The request shall be made in accordance with the appropriate Federal agency cut-off time specified in Exhibit I. The amount of the request shall be for the sum exact amount of the payments issued in the series of disbursementsthat disbursement. This funding technique is interest neutral. Estimated Clearance The State shall request funds such that they are deposited in a State account in accordance with the clearance pattern specified in Exhibit II - EC (Estimated Clearance). The request shall be made in accordance with the appropriate Federal agency cut-off time specified in Exhibit I. The amount of each request will be a percentage of the disbursement, according to the State's clearance pattern specified in Exhibit II - EC. This funding technique is interest neutral. Pre-Issuance The State shall request funds such that they are deposited in a State account not more than three business days prior to the day the State makes a disbursement. The request shall be made in accordance with the appropriate Federal agency cut-off time specified in Exhibit I. The amount of the request shall be the amount the State expects to disburse. This funding technique is not interest neutral. 6.2.2 The following are terms under which funding techniques for administrative costs shall be implemented for all transfers of funds to which the funding technique is applied in section 6.3.2 of this Agreement. There are currently no funding techniques listed in Section 6.2.2. 6.2.3 The following are terms under which miscellaneous funding techniques shall be implemented for all transfers of funds to which the funding technique is applied in section 6.3.2 of this Agreement. There are currently no funding techniques listed in Section 6.2.3. 6.2.4 The following are terms under which State unique funding techniques shall be implemented for all transfers of funds to which the funding technique is applied in section 6.3.2 of this Agreement. After Cost Allocation The State agency will make payments for programs purposes with state funds. Federal funds will be requested after actual costs are allocated to programs and funding sources or based on estimated allocations. The request will be made in accordance with cut-off times in Exhibit I (Funds Request and Receipt Time Schedule). All estimates will be reconciled within a 90 day period. The state will voluntarily not file a federal interest liability claim for the difference of federal funds earned versus funds estimated. This funding technique is interest neutral. Direct Administrative Costs-Payroll Additive Rate The State shall request funds for the payroll additive rate such that it is deposited on the dollar-weighted average as calculated in Exhibit II. Funding Technique Name Description Drawdowns at Fixed Intervals - Daily The request shall be made in accordance with the appropriate Federal agency cut-off time specified in Exhibit I. The payroll additive rate is a portion of payroll State shall request funds such that they are deposited by ACH in the State Account using an estimated daily average cost that is set aside based on the actual costs of the month two months prior to the current month. Estimated indirect costs will be recorded daily to unique expenditure accounts. At the end of the month, actual costs for Department of Highways personnel. It is not used by the State Department of Highwaysprior month will be recorded, and the prior month's estimated costs reversed. The rate is used to allocate a funds will be reconciled monthly after the cost for leave and benefits for West Virginia Department of Highways personnel working allocation program has been run. The State will draw or return funds based on a federal project, and is a percentage of direct labor costs. It is charged to the project and billed to the Federal Government at the prorata established reconciliation differences for the projectmonth. This funding technique is interest neutral. In Advance of Issuance Drawdowns at Fixed Intervals - Weekly The state request shall be made in accordance with the appropriate Federal agency will cut-off time specified in Exhibit I. The State shall request funds weekly on Wednesday such that they are deposited in a state account not more than one day before on the transaction is completed in the Statewide accounting system and in accordance with cut-off times in Exhibit I (Funds Request and Receipt Time Schedule)following business day. The State will use a standard amount of 3 days the request shall be based on the amount of actual cash outlays for direct and indirect administrative costs during the prior to the day the State makes a disbursement. Howeverweek, under exceptional circumstances checks may be disbursed from 3 to 6 days (i.e. holidays)Wednesday through Tuesday. This funding technique is not interest neutral. Modified Pre-Issuance Drawdowns at Fixed Intervals - Weekly (DHHR Only2) The state request shall be made in accordance with the appropriate Federal agency cut-off time specified in Exhibit I. The State shall request funds based upon estimated expendituresweekly on Wednesday such that they are deposited on the following business day. The federal cash balance is amount of the request shall be based on the letter amount of credit actual cash outlays for each grant direct and balanced in a DHHR specific database. The federal cash balance can change due to adjustments by estimated indirect administrative costs during the granting agency for approved/disapproved disbursementsprior week, Wednesday through Tuesday. The estimated draws indirect costs are based upon past experiences on the actual indirect costs of the month two months prior to the current month. At the end of the month, actual indirect costs for the prior month will be recorded, and are the prior month's estimated costs reversed. The funds will be reconciled 90 days monthly after the quarter endscost allocation program has been run. The West Virginia State Treasurer's Office will apply a First-In First-Out method to match draws to expenditures and calculate draw or return funds based on the interest liability. Settlement draws and retro draws will be used to replenish reconciliation differences for the federal cash balance but will not match to expendituresmonth. This funding technique is agency specific for the interest neutral. Drawdowns at Fixed Intervals - Weekly (3) The Department of Health Transportation shall submit a weekly invoice for all program costs and Human Resources due payments. There may be instances that require MDT to draw more than once within a week (i.e. month-end closing or large dollar payments that cannot wait until the complexity of the programs covered and the State's Accounting System limitationsnext weekly draw). The request for of the funds shall be made in accordance with the appropriate Federal agency cut-off times time in Exhibit I (Funds Request to the extent practical. The amount of the request shall be the amount of actual costs and Receipt Time Schedule) payments incurred since the last request for funds. This funding technique is not interest neutral. Drawdowns at Fixed Intervals - Weekly (4) The request shall be made in accordance with the appropriate Federal agency cut-off time specified in Exhibit I. The State shall request funds weekly on Wednesday, or as reasonable to address negative cash needs, such that they are deposited on the date of receipt from the appropriate Federal Agency. The amount of the request shall be based on the amount of actual program costs incurred during the prior week, Wednesday through Tuesday. This funding technique is interest neutral. Drawdowns at Fixed Intervals - Weekly (5) The request shall be made in accordance with the appropriate Federal agency cut-off time specified in Exhibit I. The state shall request funds weekly on Wednesday such that they are deposited on the following business day. The amount of the request shall be based on the amount of estimated cash outlays for indirect administrative costs during the prior week, Wednesday through Tuesday. Estimated amounts to be trued up to actual amounts after the end of each quarter. This funding technique is interest neutral. Modified Actual Clearance (ZBA - ACH) The request shall be made in accordance with the appropriate Federal agency cut-off time specified in Exhibit I. Each day, the State will receive notification of the amount of EBT benefits and fee payments that processed the previous day, and the State's cash balance will be reduced by the amount of EBT payments processed. On the same day, the State will request that amount and receive and deposit the funds on the same day requested. This funding technique is interest neutral. Payment Schedule - HUD (2) The Department of Commerce electronically transmits voucher payment information to HUD via TRACSMail approximately four business days prior to the last business day of the month. HUD's Tenant Rental Assistance System (TRACS) compares the transmitted voucher information to HUD data on file. The voucher payment request, excluding any voucher and contract discrepancies identified in the comparison process, is then forwarded to the HUD payment funding system (LOCCS - Line of Credit Control System). On the last business day of the month, LOCCS sends an e- mail to the Department of Commerce regarding the HUD deposit scheduled for the first business day of the next month. The e-mail includes an estimated deposit date, dollar amount, and an attachment with individual contract payment detail. The Department of Commerce reconciles the voucher payment information transmitted to HUD to the LOCCS e-mail deposit total. The Department of Commerce will then disburse housing assistance payments by EFT (Electronic Fund Transfer), so that the settlement date is the first business day of the month, except for the months of January and July.The settlement date will be the second business day of those months due to 1099 reporting (January) and fiscal year-end reporting (July). This funding technique is interest neutral.