Archived FedPro Message

For more information about the programs discussed below,

please contact the Federal Financial Management Section (573) 751-8280.

FEDERAL FINANCIAL MANAGEMENT UPDATES

Report of Expenditures and Obligations as of September 30 Report -------

Your district is required to submit the 9/30 Report (Report of Expenditures and Obligations as of September 30) if one of the following is true:

• Your district has Title I funds in excess of the 15% carryover rule, or
• Your district has Title IV.A funds in excess of the 25% carryover rule.

The purpose of the 9/30 Report is to provide documentation of expenditures and legal obligations from July 1, 2008 through September 30,2008 for your 2008-2009 programs.  Since September 30 is the end of the federal fiscal year, this information is needed to accurately determine that schools did not exceed the carryover limitation for these programs.

For 9/30 Report Instructions and answers to frequently asked questions, please go to the 9/30 Report Instructions under Financial Management at the Federal Program website:  http://dese.mo.gov/divimprove/fedprog/

The deadline to submit the 9/30 Report is October 10, 2008.  If a district has excess funds after the September 30 Report has been submitted, the district may be eligible to request a waiver of the maximum carryover rule.  To request a waiver of the carryover rule, the district should explain in writing why the waiver request is necessary.  The explanation may state the proposed uses of these excess funds or it may include the timeline in which plans to spend these funds will be complete.  The waiver request may be faxed to 573-526-6698 or e-mailed to Pat.Kaiser@dese.mo.gov

Bette Morff

Director, Federal Financial Management

Missouri Department of Elementary and Secondary Education

PO Box 480

Jefferson City, MO  65102

573-751-8280

Bette.Morff@dese.mo.gov