This bill amends section 394.9082 of the Florida Statutes, focusing on the responsibilities of the Department of Children and Families regarding managing entities. It introduces new requirements for the department to routinely monitor the utilization of available funds by managing entities and to take corrective actions to address underutilization. Additionally, the bill mandates that every two years, the department conduct a comprehensive review of managing entities' financial positions, including a system-of-care analysis and a financial utilization analysis, with reports submitted to key state leaders.

The bill also revises funding provisions for managing entities, stipulating that contracts must be funded by general revenue or applicable state and federal sources. It allows managing entities to carry forward unexpended state funds, but limits this to 8% of the annual contract amount and requires that any excess funds be returned to the department. Furthermore, managing entities are required to maximize the use of current year allocated funds and are prohibited from reserving these funds for future use without prior approval from the department. The bill emphasizes accountability by requiring separate reporting of carried forward expenditures and mandates the return of any unexpended funds at the end of the contract period.