Maintained for Historical Purposes

This resource is being maintained for historical purposes only and is not currently applicable.

(CB-96-12) (CB-96-12) Close-out of 1994-95 awards for the Federal Work- Study (FWS), Federal Perkins Loan, and/or Federal Supplemental Educational Opportunity Grant (FSEOG) programs.

DCLPublicationDate: 6/1/96
DCLID: CB-96-12
AwardYear:
Summary: Close-out of 1994-95 awards for the Federal Work- Study (FWS), Federal Perkins Loan, and/or Federal Supplemental Educational Opportunity Grant
(FSEOG) programs.



June, 1996


CB-96-12


SUMMARY : Close-out of 1994-95 awards for the Federal Work-
Study (FWS), Federal Perkins Loan, and/or Federal
Supplemental Educational Opportunity Grant
(FSEOG) programs.

REFERENCE: Federal Student Financial Aid Handbook,
Chapters 5-8

Dear Financial Aid Administrator:

Enclosed are three copies of an adjusted authorization letter for the
FSEOG, FWS and/or Federal Perkins Loan programs, for the award
period July 1, 1994 through June 30, 1995. We ask that you
distribute the President and Chief Fiscal Officer copies to the
appropriate office.

The adjusted authorization is equal to the expenditure that you
entered in the 1994-95 Fiscal Operations Report portion of your
FISAP for that program. If any of your 1994-95 authorizations are
missing from the enclosed letter, they were omitted due to
discrepancies in the data base which need to be resolved before the
account(s) can be closed.

The 1994-95 authorized amount and the cash available for each
program at the Department of Education Payment Management
System (ED/PMS) are being reduced by any unexpended
authorization you reported in the Fiscal Operations Report. This
action will officially close out your institution's 1994-95
authorizations for these programs under ED/PMS.

When your institution receives its next ED/PMS 272 Report later this
summer, you should verify that the 1994-95 Federal share of net
disbursements for each program that you entered in your institution's
ED/PMS 272 Report, agrees with the expenditures in your 1994-95
Fiscal Operations Report for each program. If the 272 Report is
prepared by your institution's Chief Fiscal Officer, you must
coordinate the reconciliation of these two reports with that office.

Any discrepancies between the two reports must be resolved, and
corrections sent to the appropriate office within the Department of
Education. Corrections to the 272 Report should be made on the next
report that you submit to the address provided in that report. FISAP
corrections must be sent to:



U.S. Department of Education
Student Financial Assistance Programs
Closeout Corrections
Institutional Financial Management Division
600 Independence Ave., SW
Rm 4714 ROB-3
Washington, D.C. 20202-5458




If you have any questions regarding this close out action, please
direct them to the appropriate Campus-Based Financial Management
Specialist identified in the attached listing.


Sincerely,



Michele Selvage, Director
Institutional Financial Management
Division


Enclosures



INSTITUTIONAL FINANCIAL MANAGEMENT DIVISION
CAMPUS-BASED PROGRAM
FINANCIAL MANAGEMENT SPECIALISTS

Ms. Carolyn Short (202) 708-9184 NE, NV, NH, NJ, NM,
alternate - C. Franklin-Jones NY, PR, UT VI

Mrs. C. Franklin-Jones (202) 708-9183 AL, AK, AZ, CO, CT,
Alternate - Carolyn Short DE, GA, KY, RI, VT

Mrs. Rhonda Herbert (202) 708-9191 AR, DC, HI, TN, TX,
alternate - Jim Porter VA, PI, GU

Mr. Joseph Morris (202) 708-8745 ID, IL, IN, IA, KS, MO
alternate - Alice Payne

Ms. Dinah Nelson (202) 708-8759 FL, MS, OH, PA
alternate - Vicki Roberson

Mrs. Alice Payne (202) 708-9754 CA, SC
alternate - Joseph Morris

Mr. Jim Porter (202) 708-7752 NC, ND, OK, OR, SD,
alternate - Rhonda Herbert WA, WV, WI, WY

Ms. Vicki Roberson (202) 708-7747 LA, ME, MD. MA,
alternate - Dinah Nelson MI, MN, MT

State Representative's Fax (202) 260-0522
(202) 401-0387

If ultimately you are unable to reach your Financial Management
Specialist at the above telephone number, you may call the alternate
identified below the name of your Financial Management Specialist
or call (202) 708-7741.

24 - HOUR COMMUNICATIONS: TO ACCESS OUR 24 -HOUR
INFORMATION SERVICE, CALL (202) 205-0045.

Last Modified: 05/31/1996