Finding Text
2 CFR ? 3474.1 provides the Department of Education (DOE) adopts the Office of Management and Budget (OMB) Guidance in 2 CFR part 200, except for 2 CFR ? 200.102(a) and 2 CFR ? 200.207(a). Thus, this part gives regulatory effect to the OMB guidance and supplements the guidance as needed for the DOE. The Ohio Department of Education requires school districts to file a Final Expenditure Report each year by September 30, unless stated otherwise in the grant application. ODE further requires subgrantees to obligate funds within the approved project period as set forth in the approved application and to liquidate said obligations not later than 90 days after the end of the project period for electronic applications for grants. ODE also requires all allowable grant expenditures obligated by the project end date and liquidated no later than 90 days after the end of the project period as designated in the grant agreement to be reported in the FER. The District did file the Final Expenditure Report with ODE before the required reporting deadline, however, due to deficiencies in the internal policies and procedures over Federal compliance, the District did not report expenditures obligated after fiscal year end and prior to the project end date for the Assistance Listing #84.425U American Rescue Plan Elementary and Secondary School Emergency Relief (ARP ESSER) Fund grant, resulting in expenditures being underreported in the amount of $51,114. In addition, the District did not report any Assistance Listing #84.425D Elementary and Secondary School Emergency Relief (ESSER I) Fund expenditures, totaling $2,843, that occurred during the fiscal year. Failure to file accurate financial information in the Final Expenditure Report could lead to material misstatements and could impact future grant funding. The District should review the Final Expenditure Report before submission to help ensure all required amounts are included.