State agencies and institutions of higher education are required to ensure payments of benefit costs are proportional to the agency's or institution’s method of finance, unless another legal provision prohibits proportionality.
Benefits Proportional by Method of Finance Reports and related adjustments are due Nov. 19.
Agencies and institutions funded with a single method of finance must submit a letter confirming this status by Nov. 19.
See Benefits Proportional by Method of Finance (APS 011) (FPP A.010) for more information, including forms and sample letters.
State agencies and institutions of higher education reporting to SPA must reconcile SPA ending balances with their annual financial reports (AFRs) each year. The deadlines for submitting fiscal balances in SPA and certifying Note 2 in the Capital Asset Note Submission System (CANSS) are:
- Oct. 20 – SPA balances entry for full reporting agencies and institutions of higher education reporting to SPA and CANSS certification for full reporting agencies.
- Nov. 1 – CANSS certification for consolidated university systems.
See SPA Fiscal Year-End Close Process (FPP N.008) for more information.
