State of Ohio Funds are to be expended within 5 business days of receipt. Therefore, grantees should not draw down funds for encumbrances unless they will be paid within the designated timeframe. If a grantee does not expend all funds within this timeframe, this should be evaluated on a case-by-case basis to determine the reason for noncompliance. NOTE: It is incumbent upon the district to complete appropriate cash forecasting and determine the amount and timing of any requests. PCRs submitted for the subsequent month cannot be generated until the 25th of the current month. (i.e., The current month is April, a May’s request will not be generated by the grantee until 4/25.) (Source: Ohio Department of Education Office of Federal and State Grants Management) Due to ODE yearend shut down, Districts not submit PCRs between June 15, 2018 through July 1, 2018. Therefore, ODE allowed Districts to draw down advanced funds to cover obligations through July 15, 2018. All requested funds to cover obligations during the shutdown were required to be spent as indicated on the PCR and the 5-day liquidation period was waived. (Source: ODE Office of Grants Management) See for additional guidance on PCR’s transferred funds and cash management.
State of Ohio Funds are to be expended within 5 business days of receipt. Therefore, grantees should not draw down funds for encumbrances unless they will be paid within the designated timeframe. If a grantee does not expend all funds within this timeframe, this should be evaluated on a case-by-case basis to determine the reason for noncompliance. NOTE: It is incumbent upon the district to complete appropriate cash forecasting and determine the amount and timing of any requests. PCRs submitted for the subsequent month cannot be generated until the 25th of the current month. (i.e., The current month is April, a May’s request will not be generated by the grantee until 4/25.) (Source: Ohio Department of Education Office of Federal and State Grants Management) Due to ODE yearend shut down, Districts not submit PCRs between June 15, 2018 through July 1, 2018. Therefore, ODE allowed Districts to draw down advanced funds to cover obligations through July 15, 2018. All requested funds to cover obligations during the shutdown were required to be spent as indicated on the PCR and the 5-day liquidation period was waived. (Source: ODE Office of Grants Management) See for additional guidance on PCR’s transferred funds and cash management.
UG_FACCR_84048_Career_Tech_2018_IPAv_Final_Sept2018.docx