year with options as stated in the individual announcements. Disbursements are made within a few days of receipt of request for disbursement. Disbursements are made in partial payments based on work successfully performed. Length and time of services from lending and financial institutions and sureties and business training and counseling will be determined on a case- by-case basis. POST ASSISTANCE REQUIREMENTS: 204 Reports: Program and fiscal reports, as described in each award. A final report is also due within 30 days after completion of agreement. Audits: Pre-award accounting system survey. Final audit by a certified or licensed public accountant. Other audits are required by SBA. In accordance with the provisions of 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 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. Records: Appropriate records as needed for above requirements. FINANCIAL INFORMATION: Account Identification: 73-0100-0-1-376. Obligations: (Cooperative Agreements) FY 99 $2,850,000; FY 00 est $2,600,000; and FY 01 est $5,000,000.
|
