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OMBControlNumber18400849Expires4/30/2021QuarterlyBudgetandExpenditureReportingunderCARESActSections18004(a)(1)InstitutionalPortion,18004(a)(2),and18004(a)(3),ifapplicable InstitutionName:__SaintXavierUniversity___DateofReport:_12/31/20___CoveringQuarterEnding:_12/31/20___

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How to fill out quarterlybudgetandexpenditurereportingundercaresactsections18004a1institutionalp

How to fill out quarterlybudgetandexpenditurereportingundercaresactsections18004a1institutionalportion18004a2and18004a3ifapplicable

01

To fill out the Quarterly Budget and Expenditure Reporting under CARES Act Sections 18004(a)(1) Institutional Portion, 18004(a)(2), and 18004(a)(3) if applicable, follow these steps:

02

Gather all relevant financial information and data related to your institution's budget and expenditures for the specified time period.

03

Identify the funding received under each section of the CARES Act mentioned (18004(a)(1), 18004(a)(2), and 18004(a)(3)).

04

Prepare detailed reports for each funding source, including the total amount received, budget allocation, and expenditure breakdown.

05

Ensure compliance with any specific reporting requirements or guidelines provided by the funding agency.

06

Verify the accuracy of the financial information and calculations before submission.

07

Submit the Quarterly Budget and Expenditure Report within the designated reporting period and through the appropriate reporting channel.

08

Keep records and supporting documentation for future reference and auditing purposes.

Who needs quarterlybudgetandexpenditurereportingundercaresactsections18004a1institutionalportion18004a2and18004a3ifapplicable?

01

Institutions that have received funding under CARES Act Sections 18004(a)(1) Institutional Portion, 18004(a)(2), and 18004(a)(3) may be required to fill out the Quarterly Budget and Expenditure Reporting if applicable. This reporting is generally necessary for educational institutions, such as colleges and universities, that have received funds to support their students, institutional costs, or other eligible expenses under the CARES Act.

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What is quarterlybudgetandexpenditurereportingundercaresactsections18004a1institutionalportion18004a2and18004a3ifapplicable?

Quarterly budget and expenditure reporting under the CARES Act sections 18004(a)(1), 18004(a)(2), and 18004(a)(3), if applicable, refers to the requirement for specific educational institutions to report their quarterly financial activities related to the funds received from the CARES Act for institutional support, student relief, or emergency assistance.

Who is required to file quarterlybudgetandexpenditurereportingundercaresactsections18004a1institutionalportion18004a2and18004a3ifapplicable?

Institutions of higher education that received funds through the CARES Act, specifically those applicable to sections 18004(a)(1), 18004(a)(2), and 18004(a)(3), are required to file these quarterly reports.

How to fill out quarterlybudgetandexpenditurereportingundercaresactsections18004a1institutionalportion18004a2and18004a3ifapplicable?

To fill out the quarterly budget and expenditure report, institutions must gather their financial data related to the use of CARES Act funds, categorize expenditures, and submit the report using the prescribed format set by the Department of Education, detailing how funds were allocated and spent.

What is the purpose of quarterlybudgetandexpenditurereportingundercaresactsections18004a1institutionalportion18004a2and18004a3ifapplicable?

The purpose of the quarterly reporting is to ensure transparency, accountability, and compliance with federal regulations regarding the allocation and usage of the funds provided under the CARES Act for educational institutions.

What information must be reported on quarterlybudgetandexpenditurereportingundercaresactsections18004a1institutionalportion18004a2and18004a3ifapplicable?

The report must include detailed information on the total amount of CARES Act funds received, expenditures made during the reporting period, how funds were used to support student education, and any unspent funds remaining.

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