Unliquidated Expenses

• Trainee stipends and tuition are obligated for the full 12-month appt. from the budget period in which the appt. is initiated.
• Trainees can be appointed anytime during the budget period. 
• Portions of stipends and tuition that extend beyond the budget period are carried over as unliquidated obligations.

In the example below, 7/1/24-9/30/24 would be listed as unliquidated expenses on the annual FER.

Best Practices

• It's not uncommon to see a trainee appointed on the last day of the budget period, hence ALL stipends, health insurance, and tuition would be listed as unliquidated expenses.
• Know your budget start and end dates to effectively manage trainee appts.