Federal Work Study Business Process

Jennifer Keaney | October 15, 2021

A journal was created to clean up outstanding equity balances for Federal Workstudy students on GR100794 in department Cost Centers. At year-end, it was noticed that after running equity balances, there was negative equity appearing on this grant. The journal has provided revenue to these combinations to clear the department equity balances. Moving forward, at month end, 75% of eligible workstudy earnings will be moved to the worktags listed so this issue will stop.

  • CC12981 - General University | Student Financial Aid
  • Fund: FD521 - FD521 Grants and Contracts Non Sponsored Federal Fund
  • Grant: GR100794 - GR100794 OE Federal Work Study Program
  • Balancing Unit: BL1377 - General University | Student Financial Aid
Tags: 
grants, Federal Work Study, Finance