OPM: Uniform Chart of Accounts Grant Programs
Grants (General)

 

UNIFORM CHART OF ACCOUNTS GRANT PROGRAMS

 

New Grant Available to Municipalities and School Districts:

 

There is now a unique opportunity for municipalities and school districts to finance all or a portion of their costs for upgrades or changes to their current financial accounting systems or the development of a financial accounting system to be shared among municipalities and school districts through a collaboration.

 

In a recent survey conducted of municipalities and boards of education the following was identified:

 

  • 25% of the respondents indicated that they anticipated undergoing a change or upgrade to their local financial accounting systems in the next 24 months.
  • A number of smaller sized municipalities and school districts indicated using quick-books or similar applications as their sole financial accounting system.

 

In conjunction with the State of Connecticut’s recently developed Uniform Chart of Accounts (UCOA) for municipalities and local boards of education, OPM is accepting applications for those municipalities and school districts who would convert from their current chart of accounts to the State developed UCOA as part of their upgrade/change in financial accounting systems.  For those participating in a collaboration for the development of a shared financial accounting system, the State developed UCOA must be integrated into the shared financial accounting system.  Successful applicants would be provided funding for the upgrades/changes or development indicated above.

 

Specific guidelines and application forms for the two grant programs are attached and can be found below.  The deadline for submitting applications is December 31, 2014. 

 
 
 
APPLICATION DEADLINE:  There are separate applications for each of the two UCOA grant programs described above.  Localities (including fiduciaries) should complete the application form for the grant program they are applying for and submit it to the State Office of Policy and Management by December 31, 2014 in order to apply for the first disbursements of grant awards.
 

ADDITIONAL FUNDING:  OPM retains the discretion to waive the grant award cap if deemed necessary by the Secretary.  Additional grant awards may be made available to those localities not receiving awards under the first disbursements, depending upon grant funding availability.  Future notifications and updates will be transmitted in regard to additional grant funding being available and new application deadlines.

CONTACT:  You may contact Eric Lindquist at 860-418-6395 or at eric.k.lindquist@ct.gov should you have any questions.

 

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Content Last Modified on 5/13/2015 8:55:15 AM