SLFRF Explainer: How to Fix Obligations

hello everyone my name is Stephanie and I am the lead data and reporting analyst for this slf program at the Department of Treasury today we're going to take a few minutes and go over how you would address a yellow or red flag for your obligations to do this you will want to start by entering your report through the portal and navigating to the project overview section from there you will scroll down to your existing projects from there you will be able to identify where an additional information is needed for your project for obligation status you see that the project currently has a yellow pencil icon this is identifying that this project requires additional information the project status and the expenditure status have green check marks that means what is in the system at this current point is accurate information and need does not need attention however information in the project status does determine how information should be entered throughout the system so when you have a red our yellow icon you should first go to your project status and review the information for that project for this project we have a $100,000 budget and we are saying that we have cumulatively entered obligation of 75,000 and current cumulatively entered $50,000 in expenditures for this current period we are saying we have not entered any obligations for this project and we have entered 50,000 in current period expenditures so since our icon is war obligations we are going to focus on that area we need to verify that the cumulative obligations is75 ,000 and there are $0 current period in obligations so to do that we should navigate first to our sub awward section to verify if there are any sub awards for this project here we can see yes there are sub awards for this project $50,000 has been awarded for this project in a prior report period to me that lets me know that as of right now our cumulative project obligations are $50,000 and our current period obligations are zero because this was a prior report but this isn't the only place you need to verify along with the awards and sub awward obligations can be posted in the expenditure section of less than $50,000 so we will first review there to see if there are any household project obligations our project name is not listed below so that still tells me that 50,000 has cumulatively been awarded for this project in a prior period next place you'll need to check is payments to individuals there are currently nonone listed here so let's recap on where you check for obligations the first place to look for an obligation is listed in the sub award section and then you can also look in the expenditure section in the less than 50,000 section and the payments to individual section so now that we have reviewed all of these sections we see that our project status should be updated because we have only come across $50,000 total in cumulative obligations for this project and 0 were in this period so we will update our cumulative amount to $50,000 once we do this our project status has been updated to show the obligation status as a green check mark this now means that everything that we have entered in the project status section does match Our obligation and our expenditure status again I do want to remind you for obligation information you will find it in the sub awward and direct payment section as well as the expenditure section for less than $50,000 and in the expenditure section for payments to individuals once you have verified all your information and you have all green check marks you can proceed to reviewing your other projects and once they are all green you can then proceed to the certification section thank you for listening and we will continue to have more project update information available