While the Cash Management Improvement Act (CMIA) applies to virtually all federal funding, the phrase "programs subject to CMIA" is often used in practice to denote those larger programs that necessitate CMIA interest calculations specifically. For this guide, we will adhere to this prevailing interpretation.

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 the 2023-24 SFY, New York’s CMIA threshold is $345,891,055. If state disbursements, as recorded in the annual Single Audit, for a given Assistance Listing Number (ALN) (formerly CFDA) exceed this threshold, the corresponding program will be subject to CMIA during the following SFY. 

Guide to Financial Operations

REV. 03/12/2025