To start a new Fiscal Year in STAR, Member Agencies will have ASO Invoices paid by July 1st to establish Cash Flow in STAR for the new Fiscal Year.
Member Agencies should pay ASO Invoices in a timely manner to avoid past-due interest charges, and to insure that Cash Flow is maintained so that provider payments are not interrupted or delayed.
Falling Colors will bill member agencies on a monthly basis from July to May. The month of June member agencies are billed weekly during Fiscal Year Change Over while we are working to close out current FY.
Falling Colors will charge member agencies past-due interest charges for unpaid ASO invoices after 30 days at 1.5%.
Falling Colors is willing to work with member agencies for special circumstances in regards to fund types and billing needs-Cost Reimbursement versus Monthly Draw.
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