Friendly Reminder to
all Finance Officers and Interims
FY 2018 Travel Subsistence
Rate Changes
Information regarding
Travel Subsistence Rate Revision, Effective July 1, 2017, is available on the
North Carolina Office of State Budget and Management’s (OSBM) webpage at https://ncosbm.s3.amazonaws.com/s3fs-public/documents/files/memo20170706_TravelSubsistenceRateChanges.pdf
Monthly Financial
Reports (LEAs Only)
DPI netviewed your July 2017 MFR reports
yesterday (Thursday, August 10) for the month of July 2017 (Period 1).
DPI will netview your latest
13th month 2017 MFR reports next Wednesday, August 16, from the
Tuesday, August 8, 2017 pull. The MFR
reports are your general ledger and there is a report called the PGA10RP5 MFR
Revenue/Expenditure Summary Report that should assist you with Funds 1 and 3
Revenue and Expenditure differences.
The Final 13th
month 2017 MFR pull will be on Tuesday, August 29, 2017.
If you have additional
questions, please contact Roxane Bernard at 919-807-3725 or roxane.bernard@dpi.nc.gov or Richard Smith at 919-807-3729 or richard.smith@dpi.nc.gov.
|
Federal Overspent Programs (LEAs Only)
Please do not attempt to pay
back overspent federal funds until DPI sends your LEA a letter providing
instructions on how to pay back federal overspent programs from FY 2016-17. Your LEA cannot pay back federal
overspent programs through the BUD system.
Also, your LEA cannot prepare
BUD entries to pay back Single Audit Questioned Costs. Your LEA will need to send in a check from
local funds to pay back federal questioned costs.
Your LEA can pay back state
overspent for FY 2016-17 as a prior year refund within the BUD system.
If you have additional
questions, please contact Roxane Bernard at 919-807-3725 or roxane.bernard@dpi.nc.gov or Richard Smith at 919-807-3729 or richard.smith@dpi.nc.gov.
Compliance with Audit/Financial
Reporting Due Dates
Please make sure that you
meet all published deadlines for audit/financial reporting! Failure
to provide timely and complete required reports, including responses to
federal fiscal monitoring reports and audit resolution letters, constitutes
noncompliance with state and federal laws and regulations. State and federal legislation authorizes DPI
to impose enforcement remedies due to noncompliance. Instances of repeated or chronic failure to
respond will be referred to the State Board of Education in conjunction
with a request that appropriate action be taken as prescribed by North Carolina General Statute § 115C-438, 2 CFR 200.338
and SBE Policy CHTR-006.
Remedies for enforcement include the
following:
- Temporarily
withholding payments, including salaries for administrative officers
- Disallowing
costs
- Suspending
or terminating awards
- Initiating
suspension or debarment proceedings
- Withholding
further federal or state awards
- Assigning
Financial Noncompliance status (for a charter school)
- Implementing
other remedies that may be legally available.
Please contact Leigh Ann Kerr
at 919-807-3553
or leighann.kerr@dpi.nc.gov
with any questions about audit/financial reporting due dates or processes.
|
|