Financial Management
Grant Payment Services
The FMS provides grant disbursement services utilizing the Payment Management
System (PMS), a custom developed, state-of-the-art, grant payment system.
It is one of only two grant payment systems for civilian agencies approved
for use by the CFO Council, and now disburses more than two thirds of
the grant and financial assistance funds awarded by HHS and 40 other federal
agencies. Funds are delivered to performing organizations as they are
needed, excessive cash outlays are avoided, and grantee performance reports
are systematically obtained and managed.
Fund requests are submitted and processed through one of the PMS automated
systems, and disbursements are issued to the grantee's bank account the
following day (or the same day if necessary). The PMS ensures customer
granting agencies that federal cash management goals are met by systematically
managing the disbursement of funds to coincide precisely with recipient
fund requirements.
Electronic reporting is promptly provided to customers (granting agencies)
and recipients enabling better management of grant activities. Timely,
accurate reporting, and electronic updates contribute to PMS' efficient
operation.
Performance Standards:
Grant payment requests will be processed and delivered the next business
day. The system is available for customer input each business day from
7:00 A.M. to 6:30 P.M. EST. Fully accurate management reports will be
available within 5 days of month's end.
| Availability: |
All
Federal Government |
| Service
Fee : |
Type
1 documents = Actual Cost, plus $34.97 per open document and .0000052
of open authorizations. Type 1 documents are issued to state, local
and tribal governments.
Type 2 documents =$96.17 per open document. Type 2 documents are issued
to universities, hospitals and non-profit organizations.
|
| Point
of Contact: |
Philip
J. Giza |
| Phone: |
1 (877) 614-5533 |
| E-mail: |
PGiza@psc.gov |
|
Last
revised:
September 2, 2004
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