The Contract Balance Report is a cumulative contract to date report. It is valuable for tracking total expenditures vs. total reimbursements and for showing the current cash position. Agencies can determine why certain expenditures were not reimbursed (due to over contract, no signed contract, errors in reporting, etc.) The report columns are described below the table.
|Calendar Year 2013||Calendar Year 2012||Calendar Year 2011|
The number and name of the contract code.
The year/month the contract started/ended. The first four numbers are the calendar year and the second two numbers are the calendar month, where 1 is January and 12 is December.
The total amount awarded to the agency by contract line. Contract amounts are only listed for sum sufficient or “capped” contracts. Non-capped contracts will be fully reimbursed; therefore, contract amounts are not listed.
The total expenditures reported from the contract start period through the month of the report.
The contract expenditures to date are compared to the total contract amount.
The total prepayments paid through the month of the report. The prepayments will not “move” to the reimbursement column once the contract has been fully reimbursed.
The total expenditures reimbursed to the agency. The reimbursements plus prepayments equals the total expenditures reported at the end of the contract (up to the total contract amount).
Expenditure amounts reported by an agency that are not reimbursed within CORe. Examples of such expenditures are benefits paid through other DWD Systems and non-reimbursable portions of reported expenses (i.e., local match or local cost share).
The total amount the agency has overspent the contract. These expenditures will not be reimbursed by the State. Non-capped contracts will be fully reimbursed.
Total Contract Amount less Contract Expenditures to Date. Please note contract balance is only calculated for capped contracts.
Cash position equals the amount due to the State (negative position) or from the State (positive position) at the time of the last CORe refresh (see date at upper left corner). It includes the prepayments as an amount due to the State.