Section 1400.30  Credits Issued For Prior Fiscal Year Overpayments

a)         DoIT shall issue credits for application in the subsequent fiscal year for those State agency accounts that show an accounts receivable credit balance for the prior fiscal year. Credits for prior fiscal year accounts receivable credit balances will be issued when the Internal Service Fund is reasonably certain that:

1)         All prior fiscal year billing activity has been posted;

2)         All agency payments related to prior year billing activity have been posted; and

3)         No activity remains in process related to prior fiscal year accounts receivable.

b)         Credits for accounts receivable credit balances for fiscal year overpayments will be issued to State agencies after November 1^st in the prior fiscal year.

c)         DoIT shall not use the advance billing process in Section 1400.20 with this credit process to intentionally circumvent fiscal year budgetary controls.