Circular No. A-133, "Audits of States, Local Governments, and Non-Profit Organizations", State, local governments or Non-profit Organizations that receive Federal financial assistance of $300,000 or more within the fiscal year shall have an audit made for that year. 107 Records: The grantee shall maintain adequate records and accounts to assure that grant funds are used for authorized purposes. Range and Average of Financial Assistance: $2,000 to $500,000; $88,600. PROGAM ACCOMPLISHMENTS: In fiscal year 1999, 411 grants were made. It is estimated that 390 grants will be made in fiscal year 2000. INFORMATION CONTACTS: Regional or Local Office: Consult your telephone directory for RD local office number. Headquarters Office: Director, Specialty Lenders Division, Rural Business- Cooperative Service, Department of Agriculture, Washington, DC 20250-3222. Telephone: (202) 720-1400. Use the same number for FTS. Web Site Address: http://www.rurdev.usda.gov. EXAMPLES OF FUNDED PROJECTS: Grant funds were used to assist rural communities in developing small industrial parks or sites by acquiring land, the purchase of necessary equipment, construction of buildings, to provide water and waste disposal facilities, and to pay for costs of streets, parking areas and access roads. Also, grant funds were utilized to establish/capitalize revolving loan funds to assist in the development of small and emerging private
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