Sent: Monday, February 19, 2018 10:47 PM
Subject: SSVF Program Update Tuesday, December 19, 2017
1. NEWLY RELEASED: SSVF FY 2016 Annual Report
2. REMINDER: Mandatory Return of Funds for 1st Quarter FY18
3. REGISTER NOW: SSVF National Webinar January 11, 2017 at 2PM Eastern
4. UPDATE: Federal Government Operations
5. REMINDER: SSVF NOFA APPLICATIONS DUE JANUARY 12, 2018!
NEWLY RELEASED: SSVF FY 2016 Annual Report
The SSVF Program office is pleased to announce the release of the FY 2016 Annual Report. The report is available on the SSVF website at:
REMINDER: Mandatory Return of Funds for 1st Quarter FY18
As stated in each SSVF grant agreement, at the end of each quarter a grantee’s requests for SSVF funds (also known as draw-downs) must meet the minimum spending percentage rate outlined in the grant agreement. Please note that grantees do not submit physical invoices to the SSVF Program Office; therefore, expenditure rates are assessed using the draw down information in the HHS Payment Management System.
For the first quarter ending on December 31st at 5pm EDT, the minimum spending rate of the overall grant award is 15%. To clarify, a grant is "15% spent" when 15% or more of the SSVF grant funds have been drawn down from the HHS Payment Management System. A favorable lag of 10% (or 5.2 weeks of expenses) has been incorporated into the quarterly minimums. This allows for a grantee to meet the minimum while still reconciling the previous month’s SSVF expenses. For this reason, it is absolutely crucial for grantees to review their spending information frequently; there is no exception to the 15% requirement for grantees that had been on extension during the first quarter of FY18.
The process for identifying grantees that will be required to return funds and for identifying the amount of funds to be swept is as follows: At the start of second quarter (8am EDT on the second business day of the new quarter, which is January 3rd), the HHS Payment Management System drawdown report will be used to calculate grantee expenditure rates. Those grantees that are below 15% spent will be subject to mandatory funding sweeps. Note the expenditure rate calculation will be rounded to a whole number (i.e. 14.4% will be rounded down to 14% and 14.6% will be rounded up to 15%). For any grantee below 15%, the difference between 15% and that grantee’s current drawn down rate will be the amount swept from the OVERALL grant total. For example, if a grantee is 10% drawn down, the difference is 5%, as such, there will be a 5% reduction of each of the subaccounts (ADM, SERVICES, TFA). The end result will move a grantee to, or closer to, the quarterly minimum rate of 15%. The intent of the funding sweep is to 1) reallocate funds from geographic areas where the need is not currently being recognized to areas of higher need where funding is lacking and 2) to assist grantees in moving towards compliance with grant requirements and eliminating the need for an extension. The funds will be swept on that second business day of the new quarter and a grantee will be notified by the SSVF Program Office of the amount of funds that were swept from the grant. Please note that when funds are swept, a grantee may need to submit a Program Change in the subsequent quarter to modify to their budget and/or HHS subaccounts.
How do the minimum quarterly spending rates impact the fiscal staff of SSVF grantees?
The last day of the quarter is December 31st. Payment requests (drawdowns) that are made after 5pm EDT on this day will NOT be included in the HHS drawdown report used to calculate grantee expenditure rates. As a reminder, the grantees identified as spending less than 15% of the total grant will have funds swept on the second business day of the new quarter, January 3rd. These values will stand; there will be no exceptions. Since there will be no exceptions, it is recommended that grantee fiscal staff responsible for completing draw-downs not wait until December 31st to complete drawdown requests, as drawdowns generally required a full day to process. If a grantee finds it is necessary to wait until December 31st, it would be important to enter the request early in the day. (Note that any grantees outside of EDT, including but not limited to the West Coast, Hawaii and Guam, are still held to the 5pm EDT deadline, so plan accordingly).
If you have any questions, please contact the SSVF Program Office at email@example.com. Please include your grant number and "1st Quarter Mandatory Return of Funds" in the subject of the email; please copy your SSVF Regional Coordinator.
REGISTER NOW: SSVF National Webinar January 11, 2017 at 2PM Eastern
Topic: A Review of the Grant and Per Diem (GPD) Program Models and GPD Integration with Coordinated Entry Systems
This webinar will review the GPD service models, discuss what services are provided, and clarify targeted clients. The webinar will also discuss how each of these models could align with coordinated entry systems. We hope to have SSVF grantees walk away with an understanding of how they can develop or enhance partnerships through community planning with GPD providers. Registration information will be provided in the next program update.
UPDATE: Federal Government Operations
Currently the federal government is operating under a continuing resolution that expires on December 22. As VA has received a significant portion of annual appropriation, we do not expect an immediate impact on SSVF operations in the event of a shutdown. If SSVF operations become impacted, we will send out updates as information becomes available.
SSVF NOFA APPLICATIONS DUE JANUARY 12, 2018 AT 4PM EST!
SSVF Program Office
NOTE: If you are receiving this email in error, please disregard. We request your patience as the SSVF Program Office continues to address system issues with the grants management database.