What are the PMS Disbursements and how do they differ from the Federal Share of Expenditures?
PMS Disbursements are the amounts paid for goods and services. Normally, federal funds are considered disbursed when funds have been released to pay for program or project costs.
The Federal Share of Expenditures, on the other hand, are the charges (i.e., cost incurred) made to the federally-sponsored project or program. They may be reported on a cash or accrual basis.
Payment Management System
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