Annual Budget The principal purpose of ETCOG is to administer and manage all of the state and federal grant programs for which it receives funds. Through various grant funding mechanisms ETCOG is able to administer grants for four major service areas, or Divisions, that include Workforce Development, Area Agency on Aging (AAA), Transportation, and Public Safety. Each of these Divisions may be subdivided into more specific programs that correspond more or less to the grants that are received to fund them. Each collection of programs under a single Division is, to a great extent, directed by state agencies that oversee the distribution of funds allocated by the state legislature for each of the programs. The State in turn requires adherence to specific processes and procedures for receiving, disbursing, accounting for and reporting the use of funds flowing from the federal government through the state or in some cases directly from the state.
Comprehensive Annual Financial Report These financial statements are presented in conformity with generally accepted accounting principles (GAAP), and have been audited in accordance with generally accepted auditing standards (GASB) by a firm of licensed certified public accountants.