While most Federal funding is, in fact, subject to the cash management principles embodied in CMIA, as a practical matter, “programs subject to CMIA” is now commonly used to mean those larger programs which are subject to CMIA interest calculations. This is the interpretation we will use for purposes of this Guide.

The state’s CMIA “major program” threshold for determining what constitutes a covered federal assistance program in a given State Fiscal Year (SFY) is recalculated annually by the CMIA consultant in accordance with Section 205.5 of the CMIA regulations, using the most recently issued Single Audit data available. Since NYS has a total amount of federal assistance for all programs, the NYS threshold comprises the greater of:

• The dollar amount of all federal assistance received by the primary state government under all federal assistance programs, including non-cash programs, times .3%: or
• $60 million. (For example, New York’s threshold for SFY ‘22-23 is $434,783,509.) When state (i.e. primary government) disbursements for a particular CFDA program code (as recorded in the annual Single Audit) exceed the state’s CMIA threshold for the upcoming SFY, that program will be subject to CMIA during the upcoming SFY.

Guide to Financial Operations

REV. 01/24/2023