This is a centrally managed cost item that is monitored by Linda Henderson in Human Resources.
All programs are in line with expectations.
The PELL program negative balance is the result of the cash flow related to this program. The cash related to PELL lags behind the actual disbursements. Although the Perkins loan program shows a positive balance, the cash flow related to loan repayments are decreasing slightly and may affect this projected closing balance. The Campus Union fund must meet bonding obligations first then remaining funds can be distributed for other program expenditures. The committee discussed financial closing issues, focusing on the use of any balances for rollover.