meeting of the goals of the project or obtained approval for changes in the project; the recipient has submitted all required reports; and continuation is in the best interest of the government. ASSISTANCE CONSIDERATIONS: Formula and Matching Requirements: None. Length and Time Phasing of Assistance: Awards are made annually. Following an initial, competitively selected award, additional non- competing continuation awards may be made. The possible length of the project is announced in the application notice in the Federal Register. Renewals are subject to the availability of appropriations. 375 POST ASSISTANCE REQUIREMENTS: Reports: As required by the Education Department General Administrative Regulations (EDGAR) for direct grant programs (34 CFR 75). Generally, annual performance and financial reports are required. Audits: See 34 CFR 74.26. Institutions of higher education and nonprofit organizations are subject to the audit requirements of OMB Circular No. A-133. State and local governments are subject to the requirements in the Single Audit Act and the ED regulations implementing OMB Circular No. A-133. Records: As required by EDGAR for direct grant programs (34 CFR part 75). Generally, records related to grant funds, compliance, and performance must be maintained for a period of 5 years after completion. FINANCIAL INFORMATION: Account Identification: 91-1100-2-1-503.
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