Posted Date:July 23, 2010
|Author:||William Leith, Service Director, Program Management, Federal Student Aid|
Subject: eCampus-Based Application for the Fiscal Operations Report for 2009-2010 and Application to Participate for 2011-2012 (FISAP) Now Available
We are pleased to announce that the eCampus-Based application for the Fiscal Operations Report for 2009-2010 and Application to Participate for 2011-2012 (FISAP) is now available on the eCampus-Based (eCB) Web site.
All schools that wish to request funding under the Campus-Based programs for the 2011-2012 Award Year, and all schools that had Campus-Based expenditures for the 2009-2010 Award Year, are required to electronically submit a FISAP via the eCB Web site. The deadline for the electronic submission of the FISAP is 11:59 P.M. (ET) on October 1, 2010. Transmission must be completed and accepted by 12:00 midnight.
In a May 27, 2010 Electronic Announcement, we informed schools of the availability of the final FISAP Form, Instructions, and Technical Reference. These documents, as well as the following important reminders will assist schools in completing the FISAP.
There are no significant changes to the FISAP form this year; however, we have updated award year and date references and clarified instructions concerning the Lobbying Activities Form (SF-LLL) and Perkins Loan principal cancellations.
Only disbursements made from 2009-2010 funds should be reported in Part II, Section E, Field 23. If crossover payments are made from 2010-2011 funds, the disbursements should be reported in next year's FISAP (Fiscal Operations Report for 2010-2011 and Application to Participate for 2012-2013).
It is important that all affected campus offices coordinate and reconcile the information a school reports in its FISAP.
If funds are drawn that exceed the amounts reported on the FISAP, a negative balance will result and the school will need to return funds to G5.
Example: If a school's Federal Work-Study (FWS) authorized amount was $50,000 and the school reported an expended amount of $40,000, the school's award will be closed out at the expended amount of $40,000. If more than $40,000 has been drawn in G5, a negative balance for the amount over $40,000 will result and must be returned.
Be sure to calculate and claim any Administrative Cost Allowance.
A school that submits its FISAP by the deadline will have the opportunity to edit the submitted FISAP until December 15, 2010. Final information and expenditures must be updated by that time.
For additional information about the FISAP or the reference documents, please contact the Campus-Based Call Center at 877/801-7168. Customer service representatives are available Monday through Friday from 8:00 A.M. until 8:00 P.M. (ET). You may also e-mail CBFOB@ed.gov.