SHARS Cost Report IEP Ratio Reminder As clarified in the SHARS notice released on August 8, 2021 guidance, for Parental Consent has not changed but has been clarified. When applying requirements to the SHARS ratios, parental consent is required only for students in the numerator. HHSC states, students that are … Read More
TMHP 1099 Form
Every January, Texas Medicaid and Healthcare Partnership (TMHP) mails Medicaid provider (hospitals, doctors, clinics, LEAs) a 1099 form for revenue generated during the previous calendar year. Since SHARS is a reimbursement program, districts are not required to report SHARS revenue as income. However, your ONWARD finance team suggests the 1099 … Read More
MAC Financials – Quarter Open
HHSC has authorized Fairbanks, LLC, to open the MAC Financials for the 4th quarter of federal fiscal year 2021; July-September 2021 (Q4 JS21). The quarter will open on January 17, 2022 and will close on March 4, 2022 at 6:00 p.m. CST. The HHSC trained MAC Financial Contact for your entity may log … Read More
Indirect Cost Rate Applications due January 19th
District Finance Members: Indirect Cost Rate Applications due January 19th The unrestricted indirect cost rate is utilized on the SHARS Cost Report as well as the MAC Report to capture reimbursement for administrative costs. In order for districts to benefit from an Indirect Cost Rate, School districts must request an indirect cost rate each year by completing and submitting the Indirect Cost Rate Proposal (ICRP) Additional … Read More
SHARS 2021 FFY Cost Report Training Dates
The first SHARS Cost Report Training session for federal fiscal year 2021 (October 2020 to September 2021) will take place on January 11, 2022. In accordance with Title 1 TAC §355.102(d), it is the responsibility of the provider to ensure that each Cost Report Preparer has completed the required state-sponsored … Read More
2021 Cost Report Request – STAIRS
WHAT YOU NEED TO KNOW ABOUT THE SHARS 2021 COST REPORT DUE DATE Texas Administrative Code (TAC) rule §355.8443 requires ISDs that received SHARS Medicaid reimbursements for the dates of service October 1, 2020 through September 30, 2021 to complete and certify their Cost Reports for FFY2021 on or before April … Read More
2021 Cost Report Training Dates Released! Register Now!
IMPORTANT! With the 2021 Cost Report being an odd year, the cost report training will be required for all financial and preparer accounts. Below is the training schedule. Please register for an early session. FFY2021 Cost Report Training Schedule Date: Tuesday January 11, 2021 Time: 9:00 AM – 3:00 … Read More
August and September 2021 Sessions are Due Now
Your district’s SHARS August and September 2021 deadline is here! HHSC requirements state “Claims must be submitted within 365 days from the date of service, or no later than 95 days after the end of the Federal Fiscal Year (i.e., January 3), whichever comes first.” Dates of service prior to … Read More
Single Audit Report Has Been Released
The Single Audit report is for federal and state grant money, such as TEA grants, expended by the district during the fiscal year (September 1 – August 31). Yes, it is different from SHARS fiscal year. Historically, the state did not include MAC reimbursements to ISDs. In 2018, school districts were required … Read More
SHARS 2020 Cost Report Settlement – Action Required
2020 Cost Report — HHSC Notification of Adjustment / Reconciliation / Settlement IMPORTANT — TIME SENSITIVE ACTION REQUIRED In accordance with Title 1 Texas Administrative Code (TAC) §355.107(a), this serves as official notice from the HHSC of exclusions and adjustments made to your 2020 Cost Reports. This email is being … Read More