11. I submitted a Cash Management report in the project’s last month and received the message ‘The period for processing and disbursing a final payment for this project has already passed, therefore no further payment will be processed or disbursed. You may still be reimbursed for project expenditures upon approval of a valid completion report’. What does this mean? How can I receive a final disbursement?

A Cash Management report can be electronically submitted up to but not beyond the project end date. If you did not submit a Cash Management report in time to receive a last disbursement the Completion Report is considered the final Cash Management report. Upon program office approval of a valid Completion Report if there is negative cash on hand and the full allocation has not yet been released, funds will then be released up to the amount remaining or to bring the balance to zero, whichever is less.

Posted in: Cash Management