Prior arrangements have been made with most state agencies to have OSC act as agent for the agency to obtain reimbursement from the federal government of disbursements eligible to be financed with federal grant funds. Most federal grants drawn by OSC are drawn on a daily basis using online federal financial management systems developed and provided by the federal government. In some cases, draws are not performed daily, but instead are drawn at agency request since agencies sometimes must first obtain federal approval of the drawdown request.

Guide to Financial Operations

REV. 07/31/2015