| POST ASSISTANCE REQUIREMENTS |
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· Reports |
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Reports: Annual grant progress reports and Financial Status Reports must be submitted as required. At the end of a grant, the awardee must file a final progress report, final Financial Status Report and final statement of invention. |
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· Audits |
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In accordance with the provisions of OMB Circular No.A-133, States, local governments, and nonprofit organizations that expend $500,000 or more in a year in Federal awards shall have a single or program-specific audit conducted for that year. In accordance with 45 CFR 74 Subpart C Section 74.26(d) for-profit organizations that expend more than $500,000 in DHHS awards in a year shall have an audit of the DHHS awards in accordance with the "Government Auditing Standards" (Yellow Book) or an audit that meets the requirements of OMB Circular A-133. Award recipients that do not meet the $500,000 threshold are exempt from Federal audit requirements for that year, except as noted in Circular A-133. In addition, grants and cooperative agreements are subject to review or audit by appropriate officials of the Federal (funding) agency, pass-through entity and the Government Accountability Office (GAO). Foreign organizations must use the for-profit audit requirements for DHHS supported awards. The NIH/DHHS Loan Repayment Program (LRP) is not subject to Federal auditing requirements. http://www.whitehouse.gov/omb/grants/grants_docs.html. Government Auditing Standards is available on the GAO Web site at www.gao.gov/govaud/ybk01.htm. |
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· Records |
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Financial and programmatic grant records must be retained for 3 years from the day on which the grantee submits the last (annual) Financial Status Report (FSR). Streamlined Noncompeting Application Process (SNAP) awardees beginning date for record retention purposes is the date of the FSR submission for the entire competitive segment of the grant. |
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