Cash Management

The F&A Commissioner is the designated Tennessee official to administer the Cash Management Improvement Act (CMIA).  The CMIA was enacted by the federal government in 1990 to provide for interest charges to accrue on cash which is advanced by either the state or federal government for federal programs. The act requires both state and federal agencies to implement systems and procedures to minimize or eliminate cash positions with each other. The Cash Management Section is responsible for the administration of the CMIA for the State, the CMIA Annual Report to the U. S. Treasury, and the negotiation of the U.S. Treasury / State Agreement (TSA). 

The Cash management section also prepares and negotiates the Statewide Cost Allocation Plan (SWCAP) and provides technical support to state agencies regarding compliance with federal guidelines on cost accounting issues.