graduated to annual reports with the consent of the agency. Grantees are also required to report on program performance and project outcomes at intervals prescribed by the agency in compliance with GPRA of 1993. Audits: In accordance with the provisions of OMB Circular No. A- 133 (Revised, June 24, 1997), recipients that are States, Local Governments, Non-profit Organizations (to include Hospitals), and Institutions of Higher Learning shall be subject to the audit requirements contained in the Single Audit Act Amendments of 1996 (31 U.S.C. 7501-7507). Commercial organizations shall be subject to the audit requirements as stipulated in the award document. States, local governments, and non-profit governments that expend $300,000 or more in a year in Federal awards shall have a single or program-specific audit conducted for that year. Records: As necessary for audit and as required by OMB Circular No. A-110 and 15 CFR Part 24. All financial and programmatic 245 records, supporting documents, statistical reports and other records of grantees or sub grantees are required to be maintained by the terms of the agreement. The grantee must retain records for 3 years after completion of the project or submission of the final financial report, whichever is later, and be readily available for inspection and audit. FINANCIAL INFORMATION: Account Identification: 13-2050-0-1-452. Obligations: (Grants) FY 99 $136,958,000 (includes funds appropriated for
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