Common use of For DMAS Clause in Contracts

For DMAS. In instances where the receipt of funds is scheduled for a Saturday or Sunday, the State shall request funds for deposit on Monday. In instances where the receipt of Federal funds is scheduled for deposit on a day when the State is not open for business, the State shall request funds for deposit the day before the scheduled day; in instances where the receipt of Federal funds is scheduled for deposit on a day when the Federal Government is not open for business, the State shall request funds for deposit the day prior to the scheduled day. In addition, the State will comply with the protocols and processes specified by the Centers for Medicare and Medicaid Services (CMS) guidelines when requesting Federal funds from the Division of Payment Management and reporting Federal expenditures within the associated quarterly reporting periods during the Federal fiscal year. In instances where the disbursement/expenditure has already been realized and posted to the State's accounting system but the receipt of the Federal funds is scheduled for deposit on a day beyond the end of a quarterly reporting period, the State shall request funds for deposit on the last business day of the associated quarterly reporting period. Adhering to this matching principle of accounting will allow the State to efficiently and accurately reconcile quarterly cash receipts reported on the quarterly Federal Financial Reports (FFR's) - Standard Form 425, and quarterly certified expenditures reported on the quarterly Federal CMS 21 and 64 Reports within the respective quarterly reporting period.

For DMAS. In instances where the receipt of funds is scheduled for a Saturday or Sunday, the State shall request funds for deposit on Monday. In instances where the receipt of Federal funds is scheduled for deposit on a day when the State is not open for business, the State shall request funds for deposit the day before the scheduled day; in instances where the receipt of Federal funds is scheduled for deposit on a day when the Federal Government is not open for business, the State shall request funds for deposit the day prior to the scheduled day. In addition, the State will comply with the new protocols and processes specified by the Centers for Medicare and Medicaid Services (CMS) guidelines when requesting Federal funds from the Division of Payment Management and reporting Federal expenditures within the associated quarterly reporting periods during the Federal fiscal year. In instances where the disbursement/expenditure has already been realized and posted to the State's accounting system but the receipt of the Federal funds is scheduled for deposit on a day beyond the end of a quarterly reporting period, ; the State shall request funds for deposit on the last business day of the associated quarterly reporting period. Adhering to this matching principle of accounting will allow the State to efficiently and accurately reconcile quarterly cash receipts reported on the quarterly Federal Financial Reports (FFR's) - Standard Form 425, and quarterly certified expenditures reported on the quarterly Federal CMS 21 and 64 Reports within the respective quarterly reporting period.