Office of Finance & Management

Instructions

NOTE: THIS PROJECT COMPLETION REPORT IS A TOTAL OF EXPENDITURES
REPORTED ON CARRYOVER AND CURRENT YEAR FUNDS.

PRELIMINARY REPORT: Due 30 days following ending date of project. Required only if obligations will continue beyond this date.

FINAL FISCAL REPORT: Due when all obligations are liquidated OR no later than September 30 following the fiscal year in which project was approved. All obligations should be liquidated by this date.

BUDGET: Enter the project budget from the approved Application for Funds as adjusted by amendments and letters of transfer submitted during the year, on the top line opposite each function.

EXPENDITURES AND OBLIGATIONS: Enter all expenditures and unpaid obligations on the second line opposite each function. The Preliminary report should include all expenditures and obligations; the Final Fiscal report should include only expenditures.

OVER AND UNDER BALANCES: For both the Preliminary report and the Final Fiscal report enter the differences between totals of the amount budgeted and the amount expended and obligated. Over expenditure differences should be shown in parentheses. The GRAND TOTAL at (Column [G], Line [XI]) will indicate amount of budget not expended and eligible for carryover. This amount added to the Funds not Budgeted (Line [XII]) equals Total Funds Available for Carryover (Line [XIII]. Funds available for carryover will be limited to fifteen (15) percent of the current year allocation (for allocations over $50,000).

SUMMARY OF TITLE I FUNDS:

1. From Financial Status Report (FSR) \ Line [10].
2. From Financial Status Report (FSR) \ Line [13].
3. TOTAL OF LINES 1,& 2 ABOVE. Total must agree with FSR, Line[14],
4. Total **Exp/Obl must agree with Line XI, Column [F] of the Grand Total line.
5. TOTAL DUE STATE: Funds received by the LEA in excess of reported expenditures. These funds must be returned to the State and will be made available as additional carryover for the following school year.
6. OUTSTANDING OBLIGATIONS: For the Preliminary report, this MUST equal the obligations as reported in Column C of the Financial Status Report.
For the Final Fiscal report this line will be zero.

CERTIFICATION: Self-explanatory.