Post assistance requirements...
Reports
Documentation of scholarship appointments must be submitted by project directors upon request of CSREES. An undergraduate scholar exit report must be submitted by project directors for each scholar supported by a grant as soon as the scholar graduates or is officially terminated from the program. Annual and final technical and financial reports must be submitted by the project directors to CSREES.
Note:
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.
Audits
In accordance with the provisions of OMB Circular No. A- 133 (Revised, June 24, 1997), "Audits of States, Local Governments, and Nonprofit Organizations," nonfederal entities that expend financial assistance of $300,000 or more in Federal awards will have a single or a program-specific audit conducted for that year. Nonfederal entities that expend less than $300,000 a year in Federal awards are exempt from Federal audit requirements for that year, except as noted in Circular No. A-133.
Note:
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).
Records
Grantees are expected to maintain separate records for each grant to insure that funds are used for the purpose for which the grant was made. Records are subject to inspection during the life of the grant and for 3-years thereafter. Grant related records must be retained at least 3 years after the end of the grant; records must be retained beyond the 3 year period if litigation is pending or audit findings have not been resolved.
Note:
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.