exceeds two-thirds of the grant amount. Final reports, comprising financial and narrative components, are required for all grants within 90 days of the end of the grant period. In some instances, products of grant projects also may be required as part of the final report. Grantees also must report on geographic location of grant activity within 30 days of award receipt. Awards to individuals: Progress reports are required for all grants, and must be submitted at the time the cumulative amount requested exceeds two-thirds of the grant amount. Final reports, comprising financial and narrative components, are required from all literature fellowship recipients within 90 days of the end of the grant period. Audits: Awards to organizations: Regarding applicant and grantee- initiated audits: All grantees must comply with audit requirements mandated by OMB Circular No. A-133, "Audits of States, Local Governments, and Non-profit Organizations." Nonprofit institutions expending $300,000 or more a year in Federal awards shall have an audit made in accordance with A-133's provisions. Local governments expending $300,000 or more in Federal awards within the State's fiscal year shall have an audit made for that year in accordance with A-133's provisions. Awards to individuals: None. Records: Grant-related records must be retained by grantee for three years following submission of the final financial status report. FINANCIAL INFORMATION:
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