Does it have to be paid back? Please update to a modern browser such as Chrome, Firefox or Edge to experience all features Michigan.gov has to offer. Q: Can the Stabilization Grant be placed in a business savings account for emergencies? Territories include American Samoa, the Commonwealth of the Northern Mariana Islands, Guam, and the U.S. Virgin Islands. Applications must be submitted by 11:59 pm on May, 31, 2022. To be eligible to apply for the Spring grant you must submit your Fall 2021 Child Care Stabilization Grant Operations Report prior to applying. A: No. This is a grant, not a loan, meaning you don't need to repay the funds. Stabilization 2.0 User Guide Step 5: Options for Use of Funds This user guide shows how to complete Step 5: Options for Use of Funds in the Child Care Stabilization 2.0 Grant for Workforce Supports. Resources for programs and initiatives that support school improvement efforts. You must spend grant funds on one or more of the following: Here are sample expenses, including suggestions recommendations for how to track spending in each of the allowable expense categories. For purposes of the Stabilization Grants, you can use this money to keep for yourself, just like these other sources of income. %%EOF 825 0 obj <> endobj A: No. Source: Review of state statutes and constitutions;National Association of State Budget Officers, Budget Processes in the States, (Washington, DC: National Association of State Budget Officers, 2015); and Pew Charitable Trusts, Building State Rainy Day Funds (Washington, DC: Pew Charitable Trusts, 2014). Based on the amount received, they are determining an equitable method for making the Stabilization Grants available to both homes and centers. Scroll down the "Instructions" section, and answer the questions required to complete the expense report. Q: Can the Stabilization Grant be used to pay the mortgage? 2. Law 117-2), signed on March 11, 2021, included nearly $24 billion in Child Care Stabilization Grants to be allocated to states, territories, and Tribes. A: You should be able to. This is not a loan, it's a grant that you don't have to pay back. Q: Can the Stabilization Grant be used for hazard pay or staff bonuses? The Child Care Stabilization Grant is a $700 million investment in child care providers across Michigan. endstream endobj startxref Q: Can the Stabilization Grant be used to purchase outdoor equipment and child-related toys? The Child Care Stabilization Grant program is different than our traditional 'feefor service' funding mechanism by which we support child care services. 5,544 grant were awarded for Spring 2022! This grant program is for both child care centers, school-age child care and faith-based programs. Resources for Michigans Out-of-School Time programs and providers. In the Financial Report of the U.S. Government, Note 2, "Cash and Other Monetary Assets," to the notes to the financial statements includes ESF assets. PDF Frequently Asked Questions Child Care Stabilization Grant Spring 2022 Public information on the ESF is considerable in scope, but such information is dispersed across a number of reports that are designed to serve a wider Treasury or U.S. government financial purpose. Note: states can restrict who is eligible to receive these grants. If your state hasnt already opened grant applications, they will do so over the coming months. The Stabilization Grant is a non-competitive grant for child care providers to help stabilize operations and support the health and safety of children and staff. Budget Stabilization Funds | Full Report | Tax Policy Center Detailed information for any new staff members (Staff . Its possible that receiving a Stabilization Grant will increase your income and make you ineligible for these health insurance programs. Federal Reserve's Weekly Statement of condition (later in quarterly Federal Reserve Bulletin) provides a balance sheet of the Federal Reserve System in which the amount of Special Drawing Rights Certificates outstanding is indicated; Treasury's Monthly Statement of Receipts and Outlays of the U.S. Government (, Federal Reserve Bank of New York's Treasury and Federal Reserve Foreign Exchange Operations (. Here are the questions and answers from the June 26th webinar. Detailed information for any new staff members (. Follow along as our Finance Support Specialist, Kiersten Kennedy walks you through how to successfully access and navigate the WORKFORCE EXPENSE REPORT for Stabilization 2.0. You can also confirm that your application was submitted by logging in to the Great Start to Quality portal and checking your application status. 863 0 obj <>stream The Act, however, encourages states to request waivers beyond current Federal regulations for SAPT Block Grants related to allowable activities, timelines or reporting requirements. Today, every state but Montana has some type of BSF. Q: Will the Stabilization Grants be first come, first served? A: Federal guidance allows providers to claim expenses after January 31, 2020, that were incurred in response to the COVID-19 public health emergency, including child care operating expenses. PDF Frequently Asked Questions Child Care Stabilization Grant - Summer 2022 Responsible for providing final decisions in administrative appeals to MDE. Q: If I rent my home, can I use the Stabilization Grant to make minor repairs? For more detailed notes on deposit classifications for specific states, see Megan Randall and Kim Rueben, Sustainable Budgeting in the States: Evidence on State Budget Institutions and Practices (Washington, DC: Urban Institute, 2017). A: Maybe. Programs that are awarded a grant will receive an IRS Tax Form 1099-NEC. It's as simple as that. Select your Existing Application Open and Complete Workforce Support Expense Report 1 Answer Grant Spending Questions Certifications & Attestations Put "Stabilization Grant payment for myself" in the memo line. Some states use BSFs to circumvent tax and expenditure limits or to fund pension debt and other obligations. This template is available on the child care website at . PDF Submitting Expense Reports In most states, the BSF is dedicated to closing fiscal gaps or maintaining government spending when revenues are projected to decline. The cap is either a percentage of revenue or expenditures. PDF Application Guidance Document Phase 2 Write a note in your check register or on a separate piece of paper, noting the date the money was deposited and identify it as such, for example, "On February 10, 2021, $5,000 was deposited in my bank . This fall, the Legislature passed, and Governor Whitmer signed a budget that includes over $700 million in grant funding to support child care providers like you. Law 117-2), signed on March 11, 2021, includes $23.97 billion for child care stabilization grants to be allocated to states, territories, and Tribes based on the current Child Care and Development Block Grant (CCDBG) formula. It will be available in your Great Start to Quality profile. The American Rescue Plan Act of 2021 (ARP Act) (Pub. Early learning and development program resources for all children, birth to age eight, especially those in highest need. Providers must report as taxable income all the money they receive from the Stabilization Grants You will likely receive a Form 1099 at the end of the year The grants are treated in same way as parent tuition, subsidy program payments and CACFP reimbursements Report income in the year you received the grant, not Q: Will the Stabilization Grant income affect my eligibility for health insurance through the Affordable Care Act? A: I dont know for sure. Child Care Stabilization Grant Presentation. States may or may not follow this guidance. Click on the "Next" button. vT1v XNb@, agbPX1s R\RQXEJ>8q @d%k&fg`0\&'! Np The Workforce Support Expense Report 1 must be submitted before the Expense Report 2 link will appear. The Child Care Resource and Referral (CCR&R) agency in your community may also be able to help. %PDF-1.6 % Some rules of thumb for designing a BSF include the following: 1 For more information, see Megan Randall and Kim Rueben, Sustainable Budgeting in the States: Evidence on State Budget Institutions and Practices (Washington, DC: Urban Institute, 2017). Budget stabilization funds (BSFs), also known as rainy day funds, allow states to set aside surplus revenue for times of unexpected revenue shortfall or budget deficit. C3 Grants | Mass.gov funding amount for each phase. Full Report. The federal guidance gives broad categories for allowable expenses. 919-814-6300 | 1-800-859-0829 (In State Only) endstream endobj 826 0 obj <. In addition to BSFs, many states have separate reserve funds designed to cover shortfalls in vital funds such as education or Medicaid spending. One 1994 study, for example, found that several Midwestern states used their stabilization funds for property tax relief or to offset pension liability. To learn more about which child care providers are eligible, how to apply, and how funds can be used in your state, territory, or Tribe, visit theChild Care Technical Assistance Networks Find Stabilization Grant Applications for your State or Territorypage. A: Each state, territory and tribe has received a specific amount of money for the Stabilization Grant. A: Each state, territory and tribe has a designated lead agency that administers the funds. The goal of the child care stabilization grants is to provide rapid financial relief to child care providers to help them pay for unexpected business costs they faced as a result of the COVID-19 pandemic. 888 0 obj <>/Filter/FlateDecode/ID[<0EC38CBD6F765447934583D87FB6E1BD><67E306F4984A4E49956347F2FB781C18>]/Index[864 67]/Info 863 0 R/Length 113/Prev 415427/Root 865 0 R/Size 931/Type/XRef/W[1 3 1]>>stream That means you could spend it on items for your business that are not allowed under the grant rules, such as a new roof or major remodeling or construction. If there is nothing posted under this heading, it means your state has not yet begun the application process. PDF How to Submit Expense Report 1 - ocfs.state.ny.us Call the 24/7 HOPElineat1-877-8-HOPENYor Text HOPENY (467369). \d4IID;#WkM? 9h*:::2f(d+/ -`PF=-LYX1W11E2`ySk1a:U? Many providers will say, "I don't have employees, so what does it mean to "pay myself"? hbbd```b``WA$S(dfGf n`9d`,[ "(3 b{N?z}Ad l2Pf` _ This funding is subject to the same tax rules as regular CCDF funding. Supplemental Block Grant Funding Initiatives | Office of Addiction Q: Does my family child care home have to be licensed to receive the Stabilization Grant? Q: Is my family child care business eligible if it is a Limited Liability Company (LLC)? All NYS Regions Background (Amended: November 30, 2022) Through this solicitation of interest, the New York State Office of Children and Family Services (OCFS) is accepting applications for child care stabilization grants made available through federal funding relating to the COVID-19 pandemic. The reported amounts should reflect the total amount of funding you have spent since you received the grant, not just the amount you spent in this quarter.If your program received multiple rounds of grant funding, This resource may be duplicated for noncommercial uses without permission. Child Care Stabilization Grants | Contract Development & Management A: Providers must be licensed, regulated or registered no later than March 11, 2021. Stabilization 2.0 Grant Overview Based on the success of the Child Care Stabilization 1.0 grants, OCFS will distribute another round of funds to child care providers to strengthen their infrastructure and support their workforce. Image credit: https://californiahealthline.org/news/everything-you-need-to-know-about-block-grants-the-heart-of-gops-medicaid-plans/. Jul 7, 2021 Written By Tom Copeland States have now started to release grants to family child care providers under the new Child Care Stabilization grant program.

Warsaw Nightlife District, Python Substring From Index To End, Articles S