report. Quarterly Federal Cash Transaction Reports (SF 272) are required. Other reporting requirements may be imposed via the grant instrument. Audits: In accordance with the provisions of OMB Circular No. A- 396 133 (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 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. Records: Grantees are expected to maintain separate records for each grant to ensure that funds are used for the general purpose for which the award was made. Records are subject to inspection during the life of the award and for 3 years thereafter. FINANCIAL INFORMATION: Account Identification: 49-0100-0-1-251. Obligations: (Grants and Contracts) FY 99 $370,130,000; FY 00 est $381,840,000; and FY 01 est $456,500,000. Range and Average of Financial Assistance: From $5,000 to $3,000,000; $110,000. PROGAM ACCOMPLISHMENTS: In fiscal year 1999, 8,032 proposals were received and 2,981 awards were made. In fiscal year 2000, approximately 8,100 proposals will be received and about 3,050 awards will be made, and in fiscal year 2001 approximately 8,400 proposals will be received and about
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