Budgeting, Grants Management & Cost Allocation

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North Carolina Community Health Center
Association
March 3, 2011
Michael Holton
Manager
[email protected]
Budgeting, Grants Management,
and Cost Allocation
Michael Holton
Manager
RSM McGladrey, Inc.
919-571-3266
[email protected]
Session Goals
GOALS
 To enhance participants’ knowledge of the grant
requirements of community health centers from
federal, state and other funding agencies.
-
Grant Revenue
Contract Revenue
 The Session Will Discuss Issues Related to:
-
Budgeting,
Maximization of Grant Funding, and
Reporting / Filing Issues
DHHS GRANT REVENUE CYCLE
Budget
UDS
FSR
NGA
Establishing a Grant File

Each health center should establish, maintain and, as necessary (at
a minimum, on a yearly basis), update a centrally located
corporate file in which the health center stores documents related
to compliance with all grant requirements
- Application and Notice of Grant Award (NGA)
- HRSA/BPHC correspondence, including responses to special
conditions and letters from the project officer and/or grants
management
- HRSA Performance Review, JCAHO, other site review reports
- Financial Status Report (FSRs)
- Semi-annual Reports (SARs)
- Audit reports
Establishing a Grant File
 Institutional file, that includes –
-
Grant-related laws, regulations and policies
•
•
•
•
•
•
Grant enabling statute: Section 330 of the Public Health Service
Act (42 USC 254b), as amended by Public Law 107-251
(October 26, 2002)
DHHS line item appropriations
Program specific regulations: 42 CFR Part 51c (community
health centers) and 42 C.F.R. Part 56 (migrant health centers)
DHHS administrative regulations: 45 C.F.R. Part 74,
incorporating OMB Circulars A-110 (as set forth in 2 CFR Part
215) and A-122
OMB Circular A-133 – Federal Audit Guidance
PHS policies (e.g., PHS Grants Policy Statement)
Establishing a Grant File
 Applicable PINs and PALs
- PIN #2004-22: Service Area Competition (project
renewal)
- PIN #2004-19: Non-competing Continuation (budget
renewal)
- PIN #2002-01: Unified NGA for Health Center Cluster
Programs
- PIN #2002-07: Scope of Project Policy
- PIN #98-23: Health Center Program Expectations
- PINs #97-27 & 98-24: Affiliation Policies
- PAL #2005-03: Accreditation Initiative
Establishing a Grant File
 Applicable PINs and PALs (cont.)
- PIN #2002-18: Creating a Financial Recovery Plan
- PIN #95-15: Application of Federal Cost Principles
- PIN #95-02: Payment of Membership Dues to
Professional Organizations
- PIN #94-34: Guidance Regarding the Implementation
of 1992 Amendments to Sections 329 and 330 of the
Public Health Service Act
- PAL #99-14: Community Centers – A Review of
Literature
Website: www.bphc.hrsa.gov/pinspals
Establishing a Grant File
 Institutional file (cont.)
-
Other Federal, State and local laws
Documents related to the internal operations of the
health center
• Articles of Incorporation
• Bylaws
• Mission statement and internal policies and
procedures
• Terms and conditions of agreements between
health center and third parties
Your Key Federal Players
Establish a Meaningful and
Working Relationship
Key Federal Contacts
• Program issues:
• Assigned HRSA Project Officer
• Budget Information and other Grants
Management requirements
• Assigned Grants Management Specialist
• Refer to attachment pages of the Notice of
Grant Award
Project Officer
The Project Officer, in most cases, serves as the first
point of contact
• Has Federal program oversight responsibilities of the HRSA
grant
• Reviews and make recommendations on continued Federal
support
• Clarifies program guidance and program expectations
Grants Management Specialist
The assigned Grants Management Specialist, working in
conjunction with the Project Officer, serves as the
business management contact for the grant
• Reviews and make recommendations on continued federal
support
• Clarifies grants regulations and requirements
• Monitors compliance with grant requirements and releases
conditions of award
• Issues Notices of Grant Award
Single Grant Application
Grant Application Budgeting
SINGLE GRANT APPLICATION –
BUDGETING
 Preparation of Budget(s):
-
Departmental
Organization-Wide
 Justification of Budget Items (revenue and
expenses)
 Preparation of Budget Forms:
-
BPHC Funding Request Summary
Standard Form 424A
Income Analysis Format
Personnel by Position and BPHC Program
SINGLE GRANT APPLICATION –
BUDGETING
 Staffing Budget:
- Consider:
 Current Payroll Register
 New Program or Site Expansion
- Need Salary Cost and FTE Detail
 Provider Versus Non-Provider Staff
- Staffing Assists in the Budgeting of Various Expenses and
Visits
SINGLE GRANT APPLICATION –
BUDGETING
Sample Staffing Budget
Employee Name
Dr. Steven Smith
Dr. Bob Scott
Peggy Sue
John Cooper
Marie Ryan
John Schwartz
Steve Johnson
Caroline Hudson
Total
Position
Internist
Internist
Nurse Prac.
Cashier
Data Process.
Executive Dir.
Controller
Accountant
FTE
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
Salary
$100,000
110,000
75,000
22,000
25,000
125,000
75,000
35,000
$567,000
SINGLE GRANT APPLICATION –
BUDGETING
Calculation of Projected Visits
Employee
Dr. S. Smith
Dr. Bob Scott
Peggy Sue
Total Visits
Position
Internist
Internist
Nurse Prac.
FTE
1.00
1.00
1.00
Estimated
Productivity
3,950
3,950
2,600
Budgeted
Visits
3,950
3,950
2,600
10,500
SINGLE GRANT APPLICATION –
BUDGETING
Expenditures:



Review Prior Year Audited Financial Statements
Review First 6 Months’ Internal Financial Statement
Base Expenditures on First 6 Months’ Financial Statement:
- Compare to Prior Year for Major Differences
 Reconcile
- Increase or Decrease Appropriate Cost Due to Visit
Volume Variance
- Increase or Decrease Due to Unit Cost Differences
SINGLE GRANT APPLICATION –
BUDGETING
Budgeting of Expenditures
Salaries
Fringe benefits
Supplies
Rent
Interest
=
=
=
=
=
Staffing Plan (FTEs)
Percent of Salaries and Wages
Based on Visits
Based on Current Leases
Based on Current Loan Payments
SINGLE GRANT APPLICATION –
BUDGETING
Budgeting of Expenditures
Salaries
Fringe Benefits (25%)
Supplies ($10 per visit)
Rent
Interest
Other
Total Expenses
=
=
=
=
=
=
$ 567,000
141,750
105,000
75,000
50,000
203,240
$1,141,990
SINGLE GRANT APPLICATION –
BUDGETING
10,500 Visits
Payor
%
# Visits
Rate
Coll. %
Revenues
MCD
20
2,100
$60
95%
$119,700
MCD#
20
2,100
***
100%
105,592
MCR
15
1,575
$75
100%
118,440
S/P*
35
3,675
Var
50%
27,563
OTP**
10
1,050
Var
50%
26,250
100%
10,500
#Managed Care Capitation Revenue
*Average collection $7.50
** Average collection $25.00
***Based on projected member months and capitation rate
$397,545
BUDGETING SUMMARY
Projected Revenue
DHHS Grant
$494,426
Program Income
397,545
Contract Services
Interest Income
237,195
4,180
Miscellaneous
Total Revenue
8,644
$1,141,990
BUDGET SUMMARY
Projected Expenses
Total Projected Expenses
$1,141,990
Excess of Projected Expenses
Over Projected Revenue
$
0***
*** CHCs must always submit a balanced budget when submitting
a grant application.
SINGLE GRANT APPLICATION –
BUDGETING
 Make Certain the Budget Balances!!!!!!
-
Review Patient Revenue Factors
Review Staffing
 BE CONSERVATIVE WHEN PROJECTING
PATIENT SERVICES REVENUE!!!!
(If overly aggressive projections are used, an
unobligated balance (UOB) of Federal funds could
result when the FSR is filed)
Accessing Federal Funds
• Payments for grants award by HRSA are made
through the Division of Payment Management.
Division of Payment Management
P. O. Box 6021
Rockville, MD 20852
(301) 443-1661
http://www.dpm.psc.gov/Default.aspx
Accessing Federal Funds
• Important reminders
• Only draw down funds to be expended in a 72-hour
period. Manage your Account!!
• Need to request Password for SmartLink access
• Absent restrictions for high risk grantees, draw downs
can either be advances or reimbursement.
• Federal funds should be placed in an interest bearing
account. The first $250 of interest earned may retained.
• PMS Application Support Group = 877-614-5533
Financial and Program
Management
DHHS Administrative Regulations and
Requirements
 45 CFR Part 74
-
Transactions/activities conducted by nonprofit grantees
(including health centers) that are paid for in whole or in
part by Federal funds are subject to administrative
requirements in 45 CFR Part 74, incorporating –
•
OMB Circular A-110 (as set forth in 2 CFR Part 215) –
Administrative standards
•
OMB Circular A-122 – Cost principles
Financial Management System
 The financial management system must be able to
control, account for, and document the use of
funds including expenditures
-
General ledger and accounting records
Systems to control cash collections and flow
Systems to document revenues, and accounts
receivable and payable
Internal control system and related policies and
procedures (including determination of
reasonableness, allocability and allowability)
Written procedures to minimize time elapsed between
draw down and use of grant funds
Financial Management System
 The financial management system should be
capable of generating monthly financial reports
and statements
- Budget comparative – monthly and yearly
- Productivity analyses
- Cost center allocations
Federal Cost Principles
 Allowability: to be allowable, costs must meet the
criteria set forth in OMB Circular A-122
- Reasonable: “[A] cost is reasonable if, in its nature and
amount, it does not exceed that which would be
incurred by a prudent person under the circumstances
prevailing at the time the decision was made to incur
the costs”
- Conform to the limitations and exclusions regarding
particular cost items
- Be adequately documented
- Be treated consistent under generally accepted
accounting principles (GAAP) and the grantee’s
policies and procedures
Federal Cost Principles
 Allocability: costs are allocable to a Federal grant
if they –
- Are allocated to a grant/project based on the relative
benefits received by that project
- Are treated consistent to similar costs
- Are incurred specifically for an award
- Benefit the grant and can be distributed proportionately
- Are necessary to the overall operation even if there is
no direct relationship to a particular cost objective
Federal Cost Principles



Costs borne, in whole or in part, by the Section 330 grant
are “project costs” and subject to Federal cost principles
Federal cost principles (and procurement standards) do
not apply to expenditures of program income and nongrant funds, so long as they are consistent with Section
330 purposes and there is sufficient program income and
non-grant funds to cover unallowable costs
- (PIN #95-15)
Specific problem areas include lobbying, fundraising,
reserves, travel and entertainment
Federal Cost Principles

Total project costs = allowable direct costs incident to
grant activities plus the allocable portion of indirect costs,
less any applicable credits

Direct costs
- Costs identified specifically with a particular final cost
objective

Indirect costs
- Costs incurred for common or joint objectives and that
cannot be readily identified with a particular cost
objective (e.g., facilities, administration)
Federal Cost Principles

DHHS-approved indirect cost rate
- Cost principles require grantees with multiple sources of
funding or lines of business outside of the Section 330 scope
to consider utilizing an indirect cost approach, otherwise it
is hard to justify cost allocation of overhead and staff to the
various sources
- DHHS approved indirect cost rates assign an approved
percentage of overhead/staff to each source of funding
- May require substantial communications with auditors to
agree on certain fundamental principles of allocation
- Division of Cost Allocation – Apply for indirect cost rate
Federal Cost Principles
 Even if a grantee does not need a DHHSapproved indirect cost rate, the grantee will need
an allocation system if it is involved in activities
that it wants to keep separate from the health
center project
Federal Cost Principles
 Time allocation
-
For employees working on multiple projects, salary
and benefit charges should be allocated to each project
based on the proportion of time expended
-
Unless assigned to specific management or
professional staff, the time of clerical employees
should be allocated based on either the volume or type
of work performed, or, if all projects generate similar
volume/type of work, based on total project
expenditures
Real Property and Equipment
 Grantees must maintain financial records,
supporting documents, statistical records and all
other records pertaining to the expenditure of
grant funds to purchase real property/equipment
for a period of 3 years after the final disposition
of the asset
Real Property and Equipment
 Grantees must maintain records for equipment
acquired or improved with grant funds that –
-
Adequately describe the equipment
Identify the equipment by serial, model or other ID
number
Identify it by source, including award number
Note whether title vests in grantee or government
Provide the acquisition date and cost
Set forth information that can be used to calculate the
Federal share
Federal reversionary interest
Real Property and Equipment
 Equipment records (cont.)
-
Identify the equipment’s location and condition and
the reporting date
Provide the unit acquisition cost
Provide the ultimate disposition data, including date
of disposal, sale price, method to determine fair
market value
 At least every two years, the grantee must
inventory its equipment and reconcile results with
prior inventories
Record Keeping and Reporting
Obligations
Financial and Programmatic Records
 General record-keeping requirements
- Grantees are responsible for monitoring and oversight
of all activities supported (in whole or in part) by
Federal funds
- Grantees must submit to DHHS financial and
programmatic records and reports pertaining (directly
or indirectly) to the grant-supported project, in such
form and the frequency as prescribed by DHHS
Financial and Programmatic Records
 Retention
- Financial records, supporting documents, statistical
records and all other records pertaining to the grantsupported project should be retained for 3 years (or other
period required by applicable law) from the date of
submission of final report
- If an audit, litigation, or other action involving the records
is started before the end of the appropriate retention
period, the records should be maintained until the end of
the appropriate retention period or until the audit,
litigation, or other action is completed, whichever is later
Financial and Programmatic Records
 Access
- For as long as records are retained, DHHS, the
Comptroller General, or any of their duly authorized
representatives has the right to
• Timely and unrestricted access to records, reports,
books, documents, and papers pertaining to the grantsupported project, as may be necessary for audit,
examination, excerpt, transcription, and copy purposes
• Timely and reasonable access to the grantee’s personnel
for the purpose of interview and discussion related to the
documents
Federal Audit Requirements
 Audit requirements
-
If total Federal expenditures are greater than $500,000, must complete
an annual audit in accordance with the requirements of OMB Circular
A-133 and the most current compliance supplement for health centers
-
Costs of performing the audit can be charged to the Federal grant,
unless the audit is deficient and rejected by the government
-
Due 9 months after the end of fiscal year or 30 days after receipt from
the auditor, whichever is earlier
-
Preferably, the audit will result in an unqualified opinion with the
following characteristics: gross charges exceed billable expenses,
acceptable financial ratios, and minimal (or no) material audit findings
Federal Audit Requirements
 Scope of the audit
- Determination that financial statements are presented
fairly in all material respects in conformity with GAAP
- Review of internal controls over Federal programs to
support a determination of a low level of risk for major
programs
- Determination as to whether the grantee has complied
with applicable laws, regulations and provisions of grant
agreements that could have a direct and material effect on
Federal programs
Federal Audit Requirements
 Auditors are precluded from performing both A-133
audit and providing certain non-audit management
consulting services, including –
-
Implementing accounting systems
Determining account balances
Developing internal control systems
Establishing capitalization criteria
Processing payroll
Posting of transactions
Evaluating assets
Designing or implementing IT systems
Performing actuarial studies
Reporting Requirements
 Financial reporting requirements
-
Federal Financial Report (FFR – SF425) (replaces the
SF 272 PSC Federal cash transactions report and
SF269 Financial Status Report)
•
•
Old SF 272 PSC
1. Monitors the timing of cash advances and disbursements
2. Submitted quarterly, within 45 days of the end of the
quarter
Old SF 269 FSR
1. Reports the status of grant fund expenditures
2. Submitted annually, within 90 days after the budget period
ends
What is the Federal Financial Report (FFR)?



The FFR, also known as SF-425/SF425A, combines and replaces both
the Federal Cash Transactions Report (PSC/SF-272) and the
Financial Status Report (SF-269) into a single electronic report
Certain federal agencies are required to transition to using the FFR
beginning with 1st Quarter Fiscal Year 2010 Reports (Quarter 1:
October 1–December 31, 2009)
Until further notice, the FSR-269 will not be accessible for HHS
Grantees through the FFR
HHS
Grantees
PSC 272
Submit through
PMS
FSR-269
Submit through
EHB
What is the Federal Financial Report (FFR)?


The Office of Management and Budget (OMB) is
facilitating the Federal Grant Reporting Process by
requiring all federal grantees to transition to the FFR
Key Concepts:
-
Financial Status Report (SF-269): statement of
expenditures sent to the grantor contract
Federal Cash Transactions Report (PSC/SF 272): report
of cumulative expenditures on multiple budgets
Financial
Status Report
Cash
Transaction
Report
Federal
Financial
Report
How will the FFR affect Health Centers’
Current Reporting Requirements?
Non HHS Grantees
HHS Grantees





Report Cash Transactions the
Payment Management System’s
(PMS) website using the automated
FFR Cash Transaction Report
Should continue to use the SF269/SF-269A to report expenditures
through 3/31/2010 on HRSA’s EHB
Transition to FFR (SF425) on
HRSA’s EHB beginning 4/1/2010
for the FSR
The Electronic 272 System will no
longer be available
Reports are due 30 days after
reporting period has ended




Beginning January 4, 2010, grantees
will not be permitted to file cash
transactions using PSC-272
Cash Transactions Reports for the
quarter ending on December 31, 2009
and beyond must use the new FFR in
PMS
Reports are due 30 days after reporting
period has ended
The Financial Status Report will now be
provided through the FFR
What Are the Changes Included in
the FFR?



Health and Human Services (HHS) will advise the Office of
Management & Budget (OMB) how the FSR will be
incorporated into the FFR for HHS grantees
Eventually, OMB anticipates the FFR to become identical for
all programs
Total Recipient Share required: must now report on the
cumulative recipient share and disbursements of the grant
funds based on the amounts entered in the approved budgets
The New Federal Financial Report Process




The filling requirements remain the same as for filing the PSC-272
in FFR
The filing requirements remain the same as indicated in the Terms
and Conditions of the Notice of Grant Awards (NGA) for the FSR
A FFR attachment will be used for reporting multiple grants
The FFR establishes government-wide standards for reporting
periods & due dates
-
Reporting period end dates must fall on the end of a
calendar quarter
Reports are due 30 days after reporting period end date
instead of 45 days
Accessing and Completing the FFR


To submit the FFR, you must access the Division of
Payment Management Website (DPM) at
http://www.dpm.psc.gov.
Select Payment System and Login
-
If you are a current PMS user, you will continue to have
the same user permissions for the FFR Cash Transaction
Report as you did for the Electronic 272 System.
If you are not a current PMS User but had used the
Electronic 272 System, on Jan. 4, 2010, DPM sent an
email to you with a temporary username and password, as
well as instructions to access the FFR Cash Transaction
Report
Accessing and Completing the FFR

Once you enter your account number, you must choose either 1) the
Federal Cash Transaction Report or 2) the Financial Status Report.
-




Note : if you choose the Financial Status Report, it will be “grayed out” for
HHS Grantees
There is also a selection for reporting FFR interest income. The
assumption is that you will report any interest earned above $250.00 per
grant period, per grant.
Certain information will be pre-populated on the report, i.e., the federal
agency, recipient organization, DUNS number, the grant period. Check
to be sure information is accurate.
There is a separate area for reporting on multiple grants on a FFR
attachment screen.
Must now verify cumulative disbursements for each active grant (since
the inception of the grant).
FFR –Transactions Section
 10a. –10c.
o You will report these values to PMS
o Fields will be disabled in the EHBs
Accessing and Completing the FFR




If you have disbursements on inactive grants, you will need to enter
the disbursement amount. If inactive grants show on your account,
and there will be no more activity on them, you should delete them
from the FFR.
Once disbursements have been completed, the FFR will populate
fields showing cash receipts and cash disbursements. You must
enter an amount in the “cash on hand” field.
Once the report is complete and ready to be Certified, the
authorized certifier must log into the FFR, scroll to the bottom of
the page and complete steps 1-5
You will have the ability to print, save and/or view the report once
it is certified. Recommend that a copy be saved for your records.
Suggestions for FFR Reporting

Have a separate, interest-bearing checking account for each federal
award:
Draw downs and expenditures are easily traced for each grant.
There is no co-mingling of grant funds that may be for different
purposes, and it is easier to determine interest earned on the
federal funds.
The FFR report can be completed simply by gathering the bank
statements on each federal grant account, which will show
receipts and disbursements activity.
Keep copies of each quarterly report
Keep a log of draw-downs for each grant, including a perpetual log
on the 330 grant
-


Resources & References for the FFR

Division of Payment Management:
-
http://www.dpm.psc.gov/
http://www.dpm.psc.gov/grant_recipient/ffr_info_hhs.asp
x



Grants.gov: http://www.grants.gov/
Recipient Instructions for completing the FFR in the Payment
Management System (PMS)
Always contact your grant specialist or your payment management
account representative for any questions or concerns
Federal Financial Report (Formerly the FSR)
Key Definitions
• Program Income – Patient Services Revenue and State, local
and other assistance.
• Patient Services Revenue - The amount of fees, premiums,
and third party reimbursements accrued from center
operations during the budget period, after adjustments for
uncollectibles.
• State, Local, and Other assistance - all resources for the
approved project that are NOT:
– Fees, premiums and third party reimbursement, or
– Section 330 Federal financial assistance.
Financial Status Report
Determination of Outlays
• Start with: Accrual based expenses, reconciled to audited
financial statements.
• Minus: All non-cash outlays (depreciation, bad debt, etc.).
• Plus: Fixed asset additions (less proceeds from long term debt)
and payments of long-term debt obligations.
– Only capital lease and loan payments for capital
expenditures can be included in total outlays.
• Plus: Establishment of Reserves
• Equals = Total Outlays
Financial Status Report
The “Order of Spending” for CHC Grant Awards is:
1. Program Income:
a) Patient Services Revenue
b) State, Local and Other Dollars:
– Contracts
– Contributions
– Miscellaneous
– Donated
2. Federal Grant (up to amount recognized)
3. Current Program Income Over Budget
FFR Transactions – By Field Line 10
d. Federal funds authorized
Populated from EHBs
e. Federal share of expenditures
Previously reported = pre-populated
f. Federal share of unliquidated obligations
Enter cumulative value
g. Total Federal share
EHBs will calculate value
h. Unobligated balance of Fed funds
EHBs will calculate value
i. Total recipient share required
Previously reported – pre-populated
j. Recipient share of expenditures
Previously reported = pre-populated
k. Remaining recipient share to be provided
EHBs will calculate values
l. Total Federal program income earned
Enter cumulative value only (last column)
m. Program income expended – deduction alt
n. Program income expended – addition alt
o. Unexpended program income
Enter cumulative value only (last column)
Enter cumulative value only (last column)
Enter cumulative value only (last column)
Federal Financial Report
Financial Status Report
Budget: Grant
Program Income
$ 494,426
647,564
$ 1,141,990
Actual: Grant
Program Income
Total Revenue
Outlays
Surplus
$ 494,426
740,574
1,235,000
1,150,000
$
85,000
Financial Status Report
Example:
Order of Spending:
Program Income, Up to Budget
Federal Grant
Current Program Income Over Budget
Excess Program Income ($740,574 - $647,564 - $8,010)
647,564
494,426
8,010
$1,150,000
$85,000
Federal Financial Report Example
Federal Financial Report
Example
Federal Expenditures and Unobligated Balance
I.
Previously
Reported
Line #
Description
10 d.
10 e.
10 f.
10 g.
10 h.
Total Federal funds authorized
Federal share of expenditures
Federal share of unliquidated obligations
Total Federal share (sum of lines e and f)
Unobligated balance of Federal funds (line d minus g)
Recipient Share
10 i.
Total recipient share required
10 j.
Recipient share of expenditures
10 k.
Remianing recipient share to be provided (line I minus j)
Program Income
10 l.
Total Federal program income earned
10 m.
Program income expended in accordance with the deduction
alternative
10 n.
Program income expended in accordance with the addition
alternative
10. o
Unexpended program income (line l minus line m or line n)
II.
This
Period
494,426
494,426
III.
Cumulative
494,426
494,426
494,426
0
494,426
0
0
0
0
0
0
0
740,574
0
740,574
0
647,564
647,564
85,000
85,000
Lines i, j and k are for reporting on cost sharing or matching requirements, only. When
Health Centers report on the FFR, lines i., j., and k. should remain blank.
Financial Status Report Scenarios
Budgeted Revenue
CHC 1
Federal grant
State, Local & Other
Patient Revenue
Total Budget
Actual Revenue
Federal grant
State, Local & Other
Patient Revenue
Total Revenue
CHC 2
CHC 3
CHC4
$ 1,200,000
1,800,000
4,500,000
$7,500,000
$1,200,000
1,800,000
4,500,000
$7,500,000
$ 1,200,000
1,800,000
4,500,000
$7,500,000
$ 1,200,000
1,800,000
4,500,000
7,500,000
$1,200,000
1,800,000
4,500,000
$7,500,000
$1,200,000
1,700,000
4,600,000
$7,500,000
$1,200,000
2,000,000
5,000,000
$8,200,000
$1,200,000
1,900,000
4,600,000
$7,700,000
($7,300,000)
($7,900,000)
($7,400,000)
$6,300,000
1,000,000
--$7,300,000
$6,300,000
1,200,000
400,000
$7,900,000
$6,300,000
1,100,000
--$7,400,000
--$200,000
$200,000
$300,000
---$300,000
Total Outlays
($7,400,000)
Order of Dollars Spent
1) Program income
$6,300,000
2) Federal grant
1,100,000
3) Program income above budget
--Total Expenditures
$7,400,000
Unspent Dollars
Excess Program Income
--Unobligated Federal Grants
$100,000
Total Unspent Dollars
$100,000
$200,000
100,000
$300,000
Any Questions???
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