Institution reporting
Source totals compared, each variance explained, the accepted workpaper certified and kept with its export.
2 of 3 cases need attention
Choose a case and continue from its current handoff.
Cash difference
FWS draws exceed reported expenditures
Sample case status
The FISAP workpaper reports $481,580 in Federal Work-Study expenditures, while G5 draws total $500,000. The $18,420 difference must be resolved before submission.
Reconcile payroll and general-ledger records, then correct the expenditure total or return the excess cash to G5.
Reporting files loaded
The FWS payroll detail, general ledger, FISAP workpaper, and G5 draw total are in the case.
Cash difference isolated
The workpaper is $18,420 below the amount drawn in G5.
Review the $18,420 difference
Reconcile payroll and general-ledger records, then correct the expenditure total or return the excess cash to G5.
Certify, export, and close
Record the accepted total, correct the FISAP workpaper or G5, certify the controls, and retain the exported report.
The workflow
Compare a de-identified FISAP workpaper with the final ledger, payroll, and G5 control totals.