Post assistance requirements...
Grantees must submit an annual Uniform Progress Report to describe progress in meeting the objectives stated in the application. . A financial status report is required within 90 days of the end of each grant year. The report is an accounting of expenditures under the project that year. Final progress and financial reports must be submitted within 90 days after the end of the project period. Awardeesshall report a list and brief description of all training courses conducted by this program to include course title and description, objectives, target audience by discipline, contact hours, evaluation results, lessons learned and delivery mechanism every 6 months.
This section indicates whether program reports, expenditure reports, cash reports or performance monitoring are required by the Federal funding agency, and specifies at what time intervals (monthly, annually, etc.) this must be accomplished.
In accordance with provisions of OMB Circular No. 133 (Revised June 27, 2003), "Audits of States, Local Governments and Nonprofit Organizations", nonfederal entities that expend financial assistance of $500,000 or more in Federal awards will have a single or a program-specific audit conducted for that year. Nonfederal entities that expend less than $500,000 a year in Federal awards are exempt form Federal audit requirements for that year, except as noted in Circular No. A-133. In addition, grants and cooperative agreements are subject to inspection and audits by DHHS and other Federal government officials.
This section discusses audits required by the Federal agency.
The procedures and requirements for State and local governments and nonprofit entities are set forth in OMB Circular No. A-133.
These requirements pertain to awards made within the respective State's fiscal year - not the Federal fiscal year,
as some State and local governments may use the calendar year or other variation of time span designated as the fiscal year period,
rather than that commonly known as the Federal fiscal year (from October 1st through September 30th).
Financial records must be kept available for 3 years after submission of final financial status report and 3 years after final disposition of nonexpendable property. If questions remain, such as those raised as a result of an audit, records must be retained until the matter is resolved.
This section indicates the record retention requirements and the type of records the Federal agency may require.
Not included are the normally imposed requirements of the General Accounting Office.
For programs falling under the purview of OMB Circular No. A-102, record retention is set forth in Attachment C.
For other programs, record retention is governed by the funding agency's requirements.