FY2011 Invoice Deadline Approaching
The invoicing deadline for recurring services (many telecommunications, internet access and basic maintenance services) for the 2011 funding year is October 29, 2012. The invoicing deadline has been extended from October 28 to October 29 because the 28th falls on a Sunday.
According to a Funds For Learning analysis as of October 22, 2012:
11,932 priority one applicants have started the BEAR process, totaling $648.7 million in commitments
222 basic maintenance applicants have started the BEAR process, totaling $6.3 million in commitments
14,229 applicants have elected to have their vendor provide discounted priority one invoices, affecting 1,491 service providers and totaling $808.7 million in commitments
1,455 applicants have elected to have their vendor provide discounted basic maintenance invoices, affecting 424 service providers and totaling $60 million in commitments
11,476 priority one applicants have not yet selected a payment method, totaling $437.6 million in commitments
993 basic maintenance applicants have not yet selected a payment method, totaling $37.8 million in commitments
Applicants must have their Forms 472 (BEARs) certified by their service providers and submitted, and service providers must have their Forms 474 (SPIs) submitted, by the October 29th deadline. An invoice deadline extension may be requested, but it is advisable to file the extension request before the deadline passes.