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Reporting Instructions: CORe Code 2XXX

Accrued Expenditures

The US Department of Labor requires the Department of Workforce Development and its sub-grantees to report on an accrual accounting basis.

Accrued expenses are reported monthly on the non-cash line codes beginning with 2.  The monthly accrual report (aka “FSR”, an acronym for Financial Status Report) is due within 30 days after the end of the reporting month.  For agencies that only request cash on a monthly basis, after calculating their cash needs they may also report their monthly accruals on the same report.

Each month is independent of the other months, and subsequent reports for a particular month overwrite all amounts (cash and non-cash) previously reported for that particular month.  Therefore on the accrual monthly report, the cash amounts from the last cash request of that month must also be included to prevent any adjustments to current or future cash payments.

At the end of the contract, the expenditures reported on CORe code 2XXX must equal the cash requested on CORe code 0XXX.