You use the FISAP (Fiscal Operations Report and Application to Participate) process to report expenses for federal campus-based programs—the Federal Supplemental Education Opportunity Grant (FSEOG), Federal Work-Study, and Federal Perkins Loan programs. The Department of Education uses the distribution of expenditures to evaluate if institutions are appropriating their federal allocation of campus-based funds to applicants with the most need. The reported spending levels affect subsequent years' allocations. You can transfer certain percentages of funds back to last year or forward to the next year to best use unexpended funds.
To transmit, receive, and report FISAP data, you submit your FISAP expenditures to the Department of Education through the Department of Education’s FISAP website at http://www.cbfisap.sfa.ed.gov/. Your personal identification number (PIN) enables you to access information in various department systems. If you do not have a PIN, access www.pin.ed.gov to apply. You must also have a TG number to identify your school and your access rights to the eCampus-Based system. If you do not have a TG number, access www.sfawebenroll.ed.gov to apply.
Financial Aid provides a structured query report (SQR) that you can print and use to enter the calculated values into the Department of Education's FISAP for Windows or FISAP on the web. For audit purposes, the Department of Education requires that you keep data logs and backups of your final FISAP reports and any records necessary to support their data, such as the source data for the income grid) for three years from the end of the award year for which the FISAP is submitted.
Upon completion of this lesson, you will be able to produce and use the Fiscal Operations Report and Application to Participate.
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