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OMBControlNumber1840NEWExp.XX/XX/XXXXQuarterlyBudgetandExpenditureReportingunderCARESActSections18004(a)(1)Institutionalization,18004(a)(2), and 18004(a)(3), inapplicable 1 10/09/2020 Utah Valley
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To fill out the quarterly budget and expenditure reporting under CARES Act sections 18004(a)(1) institutional portion and 18004(a)(2), follow these steps:
02
Gather all relevant financial data and documentation.
03
Review the reporting requirements outlined in the CARES Act.
04
Determine the reporting period for which you need to submit the report.
05
Create a spreadsheet or document to record the necessary information.
06
Fill in the requested information, including budget details and expenditure breakdown.
07
Double-check all entries for accuracy and completeness.
08
Save the report in a suitable file format (e.g., PDF, Excel).
09
Submit the report through the designated reporting system or platform.
10
Retain a copy of the submitted report for your records.
11
Monitor for any follow-up or additional reporting requirements.

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Quarterly budget and expenditure reporting under CARES Act sections 18004(a)(1) institutional portion and 18004(a)(2) is required for educational institutions that have received funding under these sections of the act. This includes both public and private institutions, such as colleges, universities, and K-12 schools, that have received financial assistance for expenses related to the coronavirus pandemic. It is important for these institutions to accurately report their budgets and expenditures to ensure transparency and accountability in the use of federal funds.
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Quarterly budget and expenditure reporting under the CARES Act, sections 18004(a)(1) and 18004(a)(2), refers to the process by which institutions receiving funds are required to provide detailed reports on their budgetary allocations and expenditures related to the CARES Act funding.
Institutions of higher education that receive funds through the CARES Act, specifically under sections 18004(a)(1) and 18004(a)(2), are required to file these quarterly reports.
To fill out the report, institutions must gather data on their budget allocations and expenditures associated with the CARES Act funding, completing the designated reporting format provided by the federal government or their respective state education agency.
The purpose is to ensure transparency and accountability in the use of federal funds, allowing oversight bodies to monitor how institutions are allocating and spending the financial support they receive under the CARES Act.
Institutions must report details such as the total amount of funds received, how those funds are expended, budget allocations for different categories, and information on students served under the funding.
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