Closeout of all 2019–20 Campus-Based program awards will be completed by mid-February 2021 using the data submitted on the Fiscal Operations Report for 2019–20 and Application to Participate for 2021–22 (FISAP).
The 2019–20 awards closeout for the Campus-Based programs is explained below. In addition, we provide important information regarding the notification process related to the awards closeout.
2019–20 Awards Closeout for the Campus-Based Programs
The 2019–20 awards closeout for the Campus-Based programs involves reconciling a school’s authorized award in G5 for each of the Campus-Based programs with the amount reported as expended for the program on the school’s 2019–20 Fiscal Operations Report. For example, if a school’s Federal Work-Study (FWS) authorized amount was $50,000 and the school reported an expended amount of $40,000 (in Part V, Section E, Field 18), the school’s award will be closed out at the expended amount of $40,000. We assume that the correct amount of expenditures is the amount reported on the FISAP. The unexpended $10,000 will be de-obligated from the school’s authorization amount in G5.