Performance Measure O1

Note: Information on this page is subject to change.  Applicants should always refer to the performance measure instructions published with the NOFO.  Grantees should refer to the performance measure instructions for the grant year in which they were funded.
 
Number of economically disadvantaged individuals receiving financial literacy services.
Goal 1: Economic Opportunity: Financial Literacy
 

Definition of Key Terms

Economically disadvantaged: Must be receiving or meet the income eligibility requirements to receive: TANF, Food Stamps (SNAP), Medicaid, SCHIP, Section 8 housing assistance OR have a poor credit score OR are at least 60 days behind on one or more personal/family accounts.
 
Individuals: May be a single individual or may represent a family; may be of any age considered an "adult" in the state where services are provided
 
Financial literacy services: Includes "financial literacy education with regard to credit management, financial institutions including banks and credit unions, and utilization of savings plans" (2009 Serve America Act).
 

How to Calculate/ Measure/ Collect Data

Unduplicated count of individuals to whom the "financial literacy services" are provided. Note that this is not simply a referral service. Individuals may contact the organization more than once during the year to get help but each individual should be reported here only once. Services may be provided in-person, on the phone, or by email.
 
Tracking mechanism appropriate for type of service. May be a sign-in sheet or a tracking database.
 

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