funds in the fiscal year in which they are granted or in the succeeding fiscal year. Those funds must be liquidated in the third year. 304 POST ASSISTANCE REQUIREMENTS: Reports: As specified in 45 CFR Part 98, States must report to the Secretary of Health and Human Services (HHS) annually on aggregate data on families, children in care, providers, payment methods, and consumer education. Quarterly case-level reports are required to provide data on families, children, and providers, and expenditure information. Audits: In accordance with the provisions of OMB Circular No. A- 133 (Revised, June 24, 1997), Audits of States, Local Governments, and Nonprofit 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 Circular No. A-133. Further auditing may be necessary. Records: Proper grant accounting records must be maintained. FINANCIAL INFORMATION: Account Identification: 75-1515-0-1-609. Obligations: (Grants and Contracts) FY 99 $999,974,000; FY 00 est $1,182,672,000; and FY 01 est $2,000,000,000. Range and Average of Financial Assistance: Not applicable. PROGAM ACCOMPLISHMENTS: In fiscal year 1999, 310 grants were awarded. It is anticipated that
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