What happens if there is a balance after the fiscal closing of June 1, 2009?
Balances in both mini-grant accounts (09505 and 19904) are automatically returned to OID at the end of each fiscal year (June 30th). Liens/encumbrances for minor projects only may be carried on the department’s mini-grant account — OID will return the funds to cover the liens at the opening of the next fiscal year. If there is an overdraft, all overdrafts must be covered by the department. OID cannot cover department overdraft.
