Maintained for Historical Purposes

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

(CB-97-10) Close-out of 1995-96 awards for the Federal Work-Study (FWS), Federal Perkins Loan, and/or Federal Supplemental Educational Opportunity Grant (FSEOG) programs.

DCLPublicationDate: 6/1/97
DCLID: CB-97-10
AwardYear:
Summary: Close-out of 1995-96 awards for the Federal Work-Study (FWS), Federal Perkins Loan, and/or Federal Supplemental Educational Opportunity Grant (FSEOG) programs.


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DEAR COLLEAGUE LETTER CB-97-10





Student Financial Assistance Programs

Office of Postsecondary Education




June 1997

Dear Colleague Letter: CB-97-10



SUMMARY : Close-out of 1995-96 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, 1995 through June 30, 1996. 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 1995-96 Fiscal Operations Report portion of your FISAP for that
program. If any of your 1995-96 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 1995-96 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 1995-96
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 1995-96 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 1995-96 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,

JoAnn Pease, Chief

Institutional Financial Management

Division



Enclosures (the adjusted authorization letters for the campus-based programs are not available in electronic format)

INSTITUTIONAL FINANCIAL MANAGEMENT DIVISION

CAMPUS-BASED PROGRAMS

FINANCIAL MANAGEMENT SPECIALISTS





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

Mrs. Rhonda Herbert (202) 708-9191 AR,DC,HI,TN,TX,VA,PI
alternate - Jim Porter 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,OR,SD,WA,WV
alternate - Rhonda Herbert WI,WY

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

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

Ms. Mary Hubbard (202) 708-9230 OK
alternate - Rhonda Herbert

Financial Management Specialist 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 specialist, or call (202) 708-7741 for assistance.



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Last Modified: 06/30/1997