Funds may be advanced on an as needed basis by RHS to cover expenses for a 30-day period. POST ASSISTANCE REQUIREMENTS: Reports: Periodic reports are made to RHS. Each borrower will monitor and report to RHS on actual performance during the construction of each project financed, or to be financed, in whole or in part with RHS loan funds. Audits: Periodic audits should be made as part of the recipient's system of financial management and internal control to meet terms and conditions of loans and other agreements. In accordance with the provisions of 7 CFR Part 3052, "Audits of States, Local Governments, and Non-Profit Organizations," which implement OMB Circular No. A-133 (Revised, June 24, 1997), "Audits of States, Local Governments, and Non- Profit Organizations," nonfederal entities that receive 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 7 CFR 3052. Records: The borrower must maintain adequate records and accounts of the operation of the facility developed. 100 FINANCIAL INFORMATION: Account Identification: 12-4155-0-3-452; 12-1951-0-1-452. Obligations: (Direct Loans) FY 99 $163,424,000; FY 00 est $185,368,000; and FY 01 est $250,000,000. (Guaranteed Loans) FY 99 $160,817,000; FY 00
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