Annual Financial and Planning Calendar
The following Annual Financial and Planning Calendar was
adopted by the Governance Board on 10/4/06, to take effect beginning
in 2007 for the 2008 fiscal year budgeting process:
December - January: Work groups develop preliminary
budget requests
January: Administrative level group reviews budget
requests and makes recommendations for revision to the work
groups
February: Work groups respond to budget outline with
proposed work plans and detailed budgets
March: Administrative level group reviews work group
budgets, sets administrative budget and forwards to
Executive Committee of Governance Board for approval
March/April: Executive Committee finalizes budget
recommendation to Governance Board
April: Governance Board passes budget and work plan at
Annual Meeting
July 1 - Fiscal year starts with budget and work plan
July 1-June 30 - Status of work plan and budgets are reviewed
by at every work group, Administrative Group and Executive
Committee meeting and are available on the website.
Integrated Fund
Minnesota’s Family Service and Children’s Mental
Health Collaborative must establish an integrated fund to
help provide an integrated service system and fund additional
supplemental services. The integrated fund may consist of
federal, state, local, or private resources.
Sources of funding
1)
Local Collaborative Time Study
The Local Collaborative Time Study (LCTS) is a federal funding
source enhancing the work of Family Service Collaboratives
and Children's Mental Health Collaboratives. Family Service
Collaboratives, such as the Otter Tail Family Services Collaborative,
have been invited to participate in the time study as a means
of generating new federal money by statistically measuring
the percentage of time spent on local activities that help
children and families. Local staff of school districts, public
health and corrections systems must participate in order for
a collaborative to claim federal reimbursement through the
time study.
The money generated must be used to expand prevention and
early intervention services for children and families. The
federal funds received from LCTS activities are intended to
benefit families and children, not an individual collaborative
or a single member of a collaborative.
2)
Grants
Two Collaborative-funded programs currently receive outside
funding:
3)
Third Party Reimbursement
No Collaborative-funded programs utilize third-party billing
at this time.
4) Partnership Contributions
Partners contribute both in-kind and cash to the Integrated
Fund. One way partners contribute is by
Collaborative
Partnership Fees, which are used to help offset meeting
expenses.
FY09 Budget
FY08 Budget
FY07 Budget
Audits
FY2008: Management
letter |
Financial statements
CY2006/FY2007 (January 2006 - June 2007):
Management
letter |
Financial statements
CY2005: Management
letter |
Financial statements
CY2003/04: Management
letter |
Financial statements
|
