Fiscal Management of Federal Awards€¦ · Education Department General Administrative Regulations...
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Fiscal Management of Federal Awards
Wisconsin Department of Public Instruction
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Overview
States’ responsibility to provide fiscal oversight of federal funds that they grant to sub-recipients
Federal grants and the requirements have been around for decades
At times LEAs do not comply with certain federal fiscal requirements because they are unaware of them and unaware of the potential loss of funds
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Wisconsin Department of Public Instruction
Overview
This training is intended to:
Focus on overall fiscal management of the federal funds
This training does not address:
All areas of grant management
Specific federal program requirements that accompany every grant
General accounting principles
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Wisconsin Department of Public Instruction
What requirements apply to federal grants management and where are they found?
OFFICE OF MANAGEMENT AND BUDGET (OMB)
Established uniform procedures for the use of federal funds
Requirements that Apply to Federal Grants
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Wisconsin Department of Public Instruction
Uniform Administrative Requirements, Cost Principles and
Audit Requirements for Federal Grants
http://www.gpo.gov/fdsys/pkg/FR-2013-12-26/pdf/2013-30465.pdf
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Wisconsin Department of Public Instruction
Requirements that Apply to Federal Grants
Office of Management and Budget Circulars
http://www.whitehouse.gov/omb/circulars_default/
OMB Circular A-87 - Cost Principles
OMB Circular A-102 - Common rule
OMB Circular A-133 - Audit State/Local
OMB Circular A-133 - Compliance Supplement
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Wisconsin Department of Public Instruction
Requirements that Apply to Federal Grants
Federal Register
- official journal of the federal government
- contains publications and public notices of government agencies
Code of Federal Regulations (CFR)
- Codification of the general and permanent rules and regulations published in the federal register http://ecfr.gpoaccess.gov/cgi/t/text/text-idx?sid=b248f3949e2c06c722742aeb38c17562&c=ecfr&tpl=/ecfrbrowse/Title34/34tab_02.tpl
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Wisconsin Department of Public Instruction
Requirements that Apply to Federal Grants
Education Department General Administrative Regulations (EDGAR) Title 34 (Education), CFR, Parts 74-86 and 97-99 http://www2.ed.gov/policy/fund/reg/edgarReg/edgar.html
- regulations for administering discretionary and formula grants awarded by the department
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Wisconsin Department of Public Instruction
Requirements that Apply to Federal Grants
Administration Office of Management and Budget (OMB) Circular A-
102
Common rule
Identify the administrative systems and procedures that must be in place to receive, expend, account for and report on the uses of federal funds
34 CFR part 80 incorporates OMB Circular A-102
EDGAR Title 34 (Education), CFR, Part 80
Establishes uniform administrative rules for federal grants to state, local and Indian tribal governments
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Wisconsin Department of Public Instruction
Requirements that Apply to Federal Grants
Management
EDGAR Title 34 (Education), CFR Part 76 State-Administered Programs
How funds are to be distributed to LEAs
Program or fiscal conditions that must be met on the state/local level
When obligations are made
How grant recipients are accountable for fiscal reporting and for the reporting of the program
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Wisconsin Department of Public Instruction
Requirements that Apply to Federal Grants
Cost Principles
OMB Circular A-87
Identify how federal funds can be expended
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Wisconsin Department of Public Instruction
Reform to OMB Circulars
Super-Circular or Omni-Circular
Streamlines requirements from 8 OMB Circulars
Final version issued December 26, 2013
Effective for 2015-16 fiscal school year
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Wisconsin Department of Public Instruction
Education Department General Administrative Regulations (EDGAR)
Title 34 CFR Part 80.20
(a)Fiscal control and accounting procedures must be sufficient to:
(1) Permit preparation of reports required
(2) Permit tracing of funds to a level of expenditures adequate to establish that such funds have not been used in violation of the applicable standards.
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Wisconsin Department of Public Instruction
Education Department General Administrative Regulations (EDGAR)
(b)The financial management systems must meet the following standards:
Financial Reporting
Accounting Records
Internal Control
Budget Control
Allowable Cost
Source Documentation
Cash Management
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Wisconsin Department of Public Instruction
Education Department General Administrative Regulations (EDGAR)
(c)’An awarding agency may review the adequacy of the financial management system of any applicant for financial assistance as part of a preaward review or at any time subsequent to award.’
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Wisconsin Department of Public Instruction
Financial Reporting
“Accurate, current, and complete disclosure of the financial results of financially assisted activities must be made in accordance with the financial reporting requirements of the grant or subgrant.”
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Wisconsin Department of Public Instruction
Financial Reporting
Individuals who prepare, review and approve reports possess knowledge, skills and abilities necessary
Written policies and procedures to establish responsibilities and ensure proper monitoring, verification and reporting
Review and approval of reports by appropriate individual prior to submission (separate from preparer)
Accounting system set up to provide the financial information as needed for reporting
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Wisconsin Department of Public Instruction
Accounting Records
“Grantees and subgrantees must maintain records which adequately identify the source and application of funds provided for financially-assisted activities. These records must contain information pertaining to grant or subgrant awards and authorizations, obligations, unobligated balances, assets, liabilities, outlays or expenditures, and income.”
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Wisconsin Department of Public Instruction
Accounting Records
The foundation of fiscal management of a federal grant is the grant’s accounting record
Common errors LEA does not create an accounting record for each grant and post
expenditures to that account. Rather the LEA just identifies expenditures for grant reimbursement
Expenditures are originally reported to a general account and later reclassified
Accounting records do not integrate and track against the grant’s approved budget
Accounting record cannot be used for budget control when expenditures are not posted to the grant as they occur and when they are not tracked against an approved budget
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Wisconsin Department of Public Instruction
Accounting Records
An accounting record that incorporates the amount of the award and approved budget. At a minimum each general area of planned expenditures
Provisions should be made to track expenditures and available balances against each budget line to exercise budget control
An accounting system that provides separate identification of federal and non-federal transactions and allocation transactions applicable to both
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Wisconsin Department of Public Instruction
Accounting Records
Reports provided timely to administration or governance board for review and appropriate action
Easy access to accurate information on grant expenditures and comparison to grant budget and claims
Recording of expenditures to appropriate account when incurred to assist with budget control
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Wisconsin Department of Public Instruction
Tracking Expenditures
Wisconsin Uniform Financial Accounting Requirements (WUFAR) Used for reporting to DPI
Object
Service or commodity acquired
Salaries, fringe benefits, purchased services, non-capital objects, capital objects, insurance and judgments
Function
Purpose for which an object is used
Instruction, support services
Project
Identify the activity
IDEA, Title I, special education state aid
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Wisconsin Department of Public Instruction
Accounting Records
Per EDGAR) §76.730 LEA shall keep records that fully show:
Amount of funds under the grant
How the funds will be used
Total cost of the project
Share of the cost provided from other sources
Other records to facilitate an effective audit
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Wisconsin Department of Public Instruction
Internal Control
“Effective control and accountability must be maintained for all grant and subgrant cash, real and personal property, and other assets. Grantees and subgrantees must adequately safeguard all such property and must assure that it is used solely for authorized purposes.”
34 CFR 80.36(a) “When procuring property and services under a grant, a State (LEA) will follow the same policies and procedures it uses for procurements from its non-Federal funds.”
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Wisconsin Department of Public Instruction
Internal Control
Internal controls that separate duties from being performed by one individual and strengthen accountability for all cash activity
No one person should be able to both authorize a transaction and record the transaction in the accounting record.
Controls over processing of cash receipts, disbursements and payroll.
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Internal Control
A fiscal transaction should be approved:
By a person (program manager) who can attest that the planned/actual expenditure is allowable and approved under the grant and
By another person (business manager/accountant) who can attest to the availability of funds and to its consistency with the approved budget and who enters the transaction into the fiscal record
Each of these individuals should initial or sign the documentation for the transaction
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Wisconsin Department of Public Instruction
Internal Control
Examples: Small office of 1 or 2 people requires greater administrative
and board participation in the day to day operations
One individual should not be creating PO’s, receiving the goods, authorizing payment and reconciling the bank statement.
Use authorized vendor list
Have the administrator or board member review and approve all expenditures
Use pre-numbered checks
Limit petty cash transactions
Review and authorize credit card transactions
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Wisconsin Department of Public Instruction
Internal Control
Common errors:
Written policy that is:
Non-existent
Outdated
Not being implemented
Do not document the review of fiscal transactions by two people
Do not routinely require approval of or posting of expenditures
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Wisconsin Department of Public Instruction
Budget Control
“Actual expenditures or outlays must be compared with budgeted amounts for each grant or subgrant. Financial information must be related to performance or productivity data, including the development of unit cost information whenever appropriate or specifically required in the grant or subgrant agreement. If unit cost data are required, estimates based on available documentation will be accepted whenever possible.”
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Wisconsin Department of Public Instruction
Budget Control
Grant funds cannot be expended on an activity until that activity has been approved
When grant is awarded, LEA has authority to fund the activities at the amounts approved in the application.
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Wisconsin Department of Public Instruction
Budget Control
During the year, funding strategies may change for a variety of reasons
Approval shall be obtained whenever any of the following changes is anticipated under a non-construction award:
Revision which would result in the need for additional funding
Cumulative transfers among direct cost categories, or among separately budgeted programs, projects, functions, or activities which exceed or are expected to exceed ten percent of the current total approved budget
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Wisconsin Department of Public Instruction
Budget Control
Common error:
Program managers sometimes authorize expenditures for activities that are not part of the approved application or
Make expenditures in anticipation of submitting an amendment
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Wisconsin Department of Public Instruction
Budget Control
Accounting records should have budget lines for each general area of planned expenditures
Provision to track expenditures and available balances against each budget line to exercise budget control
Post expenditures as they occur directly to the appropriate budget line within the grant’s accounting record
Whenever changes are planned, review whether an amendment is required and obtain approval for proposed changes before expenditures are made
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Wisconsin Department of Public Instruction
Allowable Cost
“Applicable OMB cost principles (A-87), agency program regulations, and the terms of grant and subgrant agreements will be followed in determining the reasonableness, allowability, and allocability of costs.”
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Wisconsin Department of Public Instruction
Allowable Cost
Policy for procedures regarding determination of an allowed cost that include:
Properly accounting for the expenditure upfront and determining it as an allowed cost per cost principles when incurred
Review of expenditures claimed for reimbursement by someone other than the individual preparing the claim
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Wisconsin Department of Public Instruction
Allowable Cost
Common error:
Salaries and Wages - no process in place for time and effort reporting
Employees that are expected to work solely on a single federal award or cost objective supported by periodic certifications that the employee worked solely on that program for period covered by certification
Employees that work on multiple activities or cost objectives supported by personnel activity reports or equivalent documentation
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Wisconsin Department of Public Instruction
Source Documentation
“Accounting records must be supported by such source documentation as cancelled checks, paid bills, payrolls, time and attendance records, contract and subgrant award documents, etc.”
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Wisconsin Department of Public Instruction
Source Documentation
Policies and procedures: Periodic certifications or personnel activity
reports
Adequate source documentation to support amounts and items reported
All goods or services are initiated, approved and paid for through the established disbursement internal controls which should include a purchase order, packing slip if applicable, invoice and school check or electronic transfer
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Wisconsin Department of Public Instruction
Cash Management
“Procedures for minimizing the time elapsing between the transfer of funds from the U.S. Treasury and disbursement by grantees and subgrantees must be followed whenever advance payment procedures are used. Grantees must establish reasonable procedures to ensure the receipt of reports on subgrantees’ cash balances and cash disbursements in sufficient time to enable them to prepare complete and accurate cash transactions reports to the awarding agency. When advances…”
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Wisconsin Department of Public Instruction
Cash Management
Basic standard – methods and procedures for payment shall minimize the time lapsing between the transfer of funds and disbursement by the school
No expenditure may be claimed for reimbursement unless it is obligated
Report expenditures on a timely basis
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Wisconsin Department of Public Instruction
EDGAR §76.707 When Obligations are Made If the obligation is for - The obligation is made -
(a) Acquisition of real or personal property On the date on which the school makes a binding written commitment to acquire the property.
(b) Personal services by an employee of the school
When the services are performed.
(c) Personal services by a contractor who is not an employee of the school
On the date on which the school makes a binding written commitment to obtain the services
(d) Performance of work other than personal services
On the date on which the school makes a binding written commitment to obtain the work.
(e) Public utility services When the school receives the services
(f) Travel When the travel is taken.
(g) Rental of real or personal property When the school uses the property.
(h) A pre-agreement cost that was properly approved by the State under the cost principles identified in 34 CFR 74.171 and 80.22.
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COST REIMBURSED BY A FEDERAL AWARD AND AUDITED UNDER OMB CIRCULAR A-133
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General Federal Award Guidance
http://sms.dpi.wi.gov/sms_fedaids
Wisconsin Department of Public Instruction
EDGAR §80.32 Equipment
May be used in the program or project for which acquired as long as needed, whether or not the project or program continues to be supported by federal funds
When no longer needed may be used in other activities currently or previously supported by a federal agency
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Wisconsin Department of Public Instruction
EDGAR §80.32 Equipment
Shall be available for use on other projects or programs currently or previously supported by federal government providing that use will not interfere with work on the projects or program for which it was originally acquired
When acquiring replacement equipment, may use the equipment to be replaced as a trade-in or sell the property and use the proceeds to offset the cost of the replacement property subject to the approval of DPI
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Wisconsin Department of Public Instruction
Property Management
Records must be maintained that include the following: Description of the property
Serial number or other identification number
Source of property
Who holds title
Acquisition date
Cost of the property
Percentage of federal participation in the cost of the property
Location
Use and condition of the property
Any ultimate disposition data including date of disposal and sale price of the property
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Wisconsin Department of Public Instruction
Property Management
Physical inventory of property must be taken and reconciled with the property records at least once every two years.
A control system must be developed to ensure adequate safeguards to prevent loss, damage, or theft. Any lost, damage, or theft shall be investigated.
Adequate maintenance procedures must be developed to keep the property in good condition.
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Wisconsin Department of Public Instruction
Property Management
If LEA is authorized or required to sell the property, proper sales procedures must be established to ensure the highest possible return.
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Wisconsin Department of Public Instruction
Property Management
When original or replacement equipment acquired under a grant is no longer needed for original project or program or for other activities currently or previously supported by a federal agency, disposition of the equipment will be made as follows:
1) Current fair market value < $5,000 may be retained, sold or disposed of with no further obligation to the federal government.
2) Current fair market value > $5,000 may be retained or sold and the federal government shall have a right to an amount calculated by multiplying the current market value or proceeds from sale by the federal share of the equipment.
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Wisconsin Department of Public Instruction
•Funds May Be Withheld
•Placed On High Risk
What happens when your management system does not meet the standards set forth in 34 CFR Part 80 of EDGAR?
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Wisconsin Department of Public Instruction
Review of reports
Comparison of :
Financial Annual Report
Source 730, fund 27
Special Education Annual Report
Project code 340
IDEA Claims
Comparison to:
Source 730 to Claims
Source 730 to 340 project codes
340 project codes to claims
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Wisconsin Department of Public Instruction
How can these impact LEA’s Aid and Calculation of MOE?
Understate or overstate the amount of state and local or local expenditures used to determine compliance with MOE
Can result in being paid for a cost by both IDEA and special education state categorical aid
Can result in being underpaid on state categorical aid
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Wisconsin Department of Public Instruction
How can the incorrect amount of local expenditures impact MOE?
Fund 27 Fund 27 Report Fund 10 Revenue and Fund 10 Expenditure in Fund 27
Report Fund 27 Revenue in Fund 10
Report Fund 10 Revenue in Fund 27
Expenditures $500,000 $550,000 $500,000 $500,000
Revenues $400,000 $450,000 $350,000 $450,000
Transfer from Fund 10 (Local Expenditures)
$100,000 $100,000 $150,000 $50,000
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Review of reports
CEIS
Reported both the revenue and expenditures for CEIS in fund 27.
Reported only the CEIS revenue in fund 27 (no expenditures)
Results
CEIS is general education and should be reported in fund 10
Understates local expenditures for MOE
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Wisconsin Department of Public Instruction
Review of reports
Indirect:
Reported it on the claims and as revenue in fund 27, but did not include a cost in fund 27
Reported indirect cost in fund 27 as a transfer from fund 10 (function 418000)
Result:
Understates local expenditures for MOE
Correct
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Wisconsin Department of Public Instruction
Review of reports
Claimed or underclaimed 340
Claimed more than what was reported as a 340 project in the special education report
Reported more in the 340 project than was in the claims
Results
May be double dipping and overstated local or state and local expenditures for MOE
Understated local or state and local expenditures for MOE
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Wisconsin Department of Public Instruction
Review of reports
Schoolwide
Reported schoolwide revenue and expenditures in fund 27
Reported only the schoolwide revenue in fund 27 (not the expenditures)
Results
If general education services should be in fund 10
Understated local expenditures for MOE
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Wisconsin Department of Public Instruction
Review of reports
Revenue in source 730
Year end Receivable not reported
Missing Revenue
Results
Overstated local expenditures for MOE
Overstated local expenditures for MOE
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Wisconsin Department of Public Instruction
Review of reports
Variances
Many variances between project 340 and claims
NOT GOOD
Red flag that funds are not tracked appropriately
Could result in incorrect MOE
Could result in over/under state categorical aid
Could result in double dipping
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Wisconsin Department of Public Instruction
Questions?
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Wisconsin Department of Public Instruction
Contacts
Kathy Guralski
Federal Fiscal Monitoring Consultant
Wisconsin Department of Public Instruction
(608) 267-2947
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Wisconsin Department of Public Instruction
Wisconsin Department of Public Instruction June, 2013 Page 1
COST REIMBURSED BY A FEDERAL AWARD
AND AUDITED UNDER OMB CIRCULAR A-133
Definitions
EDGAR - Education Department General Administrative Regulations; regulations for administering
discretionary and formula grants awarded by the US Department of Education.
Liquidation - to liquidate an obligation, the purchased item or service has occurred and payment has been
made to vendor or provider.
Obligation – the amount of orders placed, contracts and subgrants awarded, goods and services received, and
similar transactions during a given period that will require payment by the grantee during the same or a future
period.
OMB – United States Office of Management and Budget; the division of the Executive Office of the President
that prepares and administers the federal budget and improves management in the executive branch.
Obligating Funds EDGAR, Part 76.707, defines the initial period of availability for State-administered programs as July 1 to September
30th. EDGAR, Part 80.23 states that where a funding period is specified, a grantee may charge to the award only costs
resulting from obligations of the funding period unless carryover of unobligated balances is permitted, in which case
the carryover balances may be charged for costs resulting from obligations of the subsequent funding period. The
funding period for an LEA in Wisconsin is July 1 to June 30, so an LEA has until June 30 to obligate funds charged to
a federal award in the current year.
The following table is taken from EDGAR 76.707 regarding when obligations are made for various kinds of property
and services. The obligation needs to be made by June 30 to be a cost in the current year for the federal award.
If the obligation is for - The obligation is made -
(a) Acquisition of real or personal property On the date on which the State or subgrantee makes a
binding written commitment to acquire the property.
(b) Personal services by an employee of the State or
subgrantee
When the services are performed.
(c) Personal services by a contractor who is not an
employee of the State or subgrantee
On the date on which the State or subgrantee makes a
binding written commitment to obtain the services.
(d) Performance of work other than personal
services
On the date on which the State or subgrantee makes a
binding written commitment to obtain the work.
(e) Public utility services When the State or subgrantee receives the services.
(f) Travel When the travel is taken.
(g) Rental of real or personal property When the State or subgrantee uses the property.
(h) A preagreement cost that was properly approved
by the State under the cost principals identified
in 34 CFR 74.171 and 80.22
Liquidating Funds
Per EDGAR, Part 80.23, all obligations incurred within the funding period must be liquidated not later than 90 days
after the end of the funding period (or as specified in a program regulation). Accordingly, for Wisconsin LEAs, an
Wisconsin Department of Public Instruction June, 2013 Page 2
obligation that occurred in the current fiscal year prior to June 30 must be liquidated by September 30 to be charged to
a federal award in the current year.
Reimbursement
Reimbursement of the liquidated expenditure is made upon the filing of a claim with the department. Reimbursement
is not requested until the expenditure has occurred and has been paid for (liquidated). The final claim must be filed by
September 30th for the July 1 to June 30
th funding period just ended.
Recognizing an Expenditure in the General Ledger
Per the Wisconsin Uniform Financial Accounting Requirements, expenditure-driven programs currently reimbursable
are recognized as revenue when the qualifying expenditures have been incurred. Accordingly, an LEA would
recognize for state aid purposes, the expenditure when it has been incurred. The expenditure is incurred when the
related liability is incurred. So that would not be when the obligation is made or when the funds are spent, but rather
when the obligation has been met.
Recognizing an Expenditure for Federal Single Audit
Per OMB Circular A-133, determination of when an award is expended should be based on when the activity related to
the award occurs. Therefore costs are audited in the fiscal year that the actual expenditure or expense transaction
occurred.
Examples
In any given year, a variance can exist between a cost that is claimed for reimbursement on the federal award and the
cost that is reported in the general ledger or in the determination of a federal single audit. Following are examples and
how they would be treated for grant reimbursement, general ledger reporting and single audit purposes.
Grant General
Ledger
Fd-Function/Account-
Srce/Obj-Proj
Single
Audit
1) Summer School
Teacher funded by
Title I dollars
works July 15-30
Service has been
performed
Obligated
and
obligation
met
Subsequent
year
Debit 10E-XXXXXX-
100-14X Expenditure
Credit 10B-811800
Accrued Payroll Payable
Subsequent
year
The Teacher is
paid on August 15
Service has been
paid for
Liquidation Subsequent
year
Debit 10B-811800
Accrued Payroll Payable
Credit 10B-711000 Cash
Claim for
reimbursement
filed on September
30
Claim filed for
reimbursement by
September 30
Reimburse
ment
Subsequ
ent year
Subsequent
year
Debit 10B-715000 Due
from Other Governments
Credit 10R-7XX
Revenue from Federal
Sources
Wisconsin Department of Public Instruction June, 2013 Page 3
Grant General
Ledger
Fd-Function/Account-
Srce/Obj-Proj
Single
Audit
2) Contract is signed
June 28 for
remodeling of a
special education
room, an allowable
cost under the
IDEA grant
Contract is signed
with outside vendor
prior to June 30
Obligated
Work is performed
on August 20
Service performed
after June 30
Obligation
met Subsequent
year
Debit 27E-XXXXXX-
500-34X Expenditure
Credit 27B-811200
Accounts Payable
Subsequent
year
Payment is made
to the contractor
on September 10
Payment for service
made
Liquidation Subsequent
year
Debit 27B-10-811200
Accounts Payable
Credit 27B-711000
Cash
A claim is filed for
reimbursement on
September 30
Claim filed for
reimbursement by
September 30
Reimburse
ment from
current year
grant
Current
year
Subsequent
year
Debit 27B-715000 Due
from Other Governments
Credit 27R-7XX
Revenue from Federal
Sources
3) Textbooks are
ordered on June 15
to be used in the
subsequent school
year and to be
funded with Title I
dollars.
Commitment is
made with outside
vendor prior to June
30
Obligated
The books are
received on June
28
Goods received
prior to June 30
Obligation
met Subsequent
year
Debit 10E-XXXXXX-
400-141 Expenditure
Credit 10B-811200
Accounts Payable
Subsequent
year
Payment is made
to the vendor on
August 1
Payment for goods
made within 90 days
Liquidation Subsequent
year
Debit 10B-811200
Accounts Payable
Credit 10B-711000 Cash
A claim for
reimbursement is
made on
September 30
Claim filed for
reimbursement
Reimburse
ment
Current
year
Subsequent
year
Debit 10B-715000 Due
from Other Governments
Credit 10R-7XX
Revenue from Federal
Sources
4) On May 31, a
Special Education
Teacher signs up
for a conference to
be held in October
and the registration
fee is paid on the
same day.
Commitment is
made and payment
for the services is
made
Obligation
of the
conference
and
Liquidation
of the
registration
fee
Current
year
A claim for
reimbursement is
made on June 30
Claim filed for
reimbursement
Reimburse
ment
Current
year
Wisconsin Department of Public Instruction June, 2013 Page 4
Grant General
Ledger
Fd-Function/Account-
Srce/Obj-Proj
Single
Audit
5) The Special
Education Teacher
attends the
conference on
October 15
Service is performed
after the 90 days
Obligation
is met
Debit 10E-
221300/264400-940
Training Expenditure
Credit 10B-717000
Prepaid Expense
Subsequent
year
Teacher files an
employee expense
report
Subsequent
year
Prepaid Expense
Debit 10E-
221300/264400-342
Training Expenditure
Credit 10B-811200
Accounts Payable
Subsequent
year
The Teacher is
reimbursed for
travel on October
31
Payment for travel is
made after the 90
days
Liquidation Subsequent
year
Debit 10B-811200
Credit 10B-711000 Cash
A claim for
reimbursement is
made on
December 31
Claim filed for
reimbursement
Reimburse
ment
Subsequ
ent year
Subsequent
year
Debit 10B-715000 Due
from Other Governments
Credit 10R-7XX
Revenue from Federal
Sources