Central Oklahoma WIB named fiscal agent; agreement details accounting and reporting duties

The consortium agreement designates the Central Oklahoma Workforce Investment Board (COWIB) as fiscal agent to administer WIOA grant funds on behalf of the Local Elected Officials. The document lists COWIB's contact information and FEI Number (20-2127210) and says the fiscal agent will be responsible for the general accounting functions, payroll, accounts payable, and fiscal reporting in accordance with State of Oklahoma procurement policies.

The agreement notes that designation of a fiscal agent "shall not relieve the Local Elected Officials of the liability for any misuse of grant funds" and outlines a joint fiscal-procedures framework. It also requires the fiscal agent to retain administrative funds sufficient to employ staff for fiscal duties and fiscal monitoring and to prepare required fiscal reports for CLEO review.

No dollar figures for administrative or grant amounts are provided in the text; liability apportionment and recovery priorities are addressed in a separate section of the agreement.