- March 2018
- Vol. 19, No. 2
Adoption Savings Information for Federal Fiscal Year 2016
Since federal fiscal year (FFY) 2015, title IV-E agencies have been required to determine and report their annual adoption savings, which are the funds resulting from savings agencies achieve by applying the expanded title IV-E program eligibility criteria to applicable children. Agencies are required by law to spend an amount equal to what they saved on other child welfare services permitted under titles IV-B and IV-E of the Social Security Act. This 2016 report compiles data from state and tribal title IV-E agencies' reported adoption savings as well as background information on adoption savings requirements.
Some highlights from the report include:
- Fifty-seven title IV-E agencies reported a cumulative calculated national total of $183,011,750 in adoption savings in FFY 2016.
- Of these funds, $84,817,448 were spent in FFY 2016 and FFY 2015.
- The remaining funds ($98,194,302) must be spent in future FFYs.
Information on each title IV-E agency's Adoption Savings and expenditure information are also included in two tables. The report, Federal Fiscal Year 2016 Adoption Savings Plan, is available at http://www.acf.hhs.gov/sites/default/files/cb/adoption_savings_data_2016.pdf (198 KB).