statutory formula: (a) 70 percent of the total amount appropriated is allotted among the States based on the number of children under the age of 18 in each such State, except that each State shall receive not less then $175,000; and (b) the remaining 30 percent of the total amount appropriated is allotted in an amount that bears the same proportion to such amount appropriated as the amount leveraged by the State from private, State, or other nonfederal sources and directed through the State lead agency in the preceding fiscal year bears to the aggregate of the amount leveraged by all States from private, State, or other non- federal sources and directed through the lead agency of such States in the preceding fiscal year. Length and Time Phasing of Assistance: Grants are awarded for a period of 3 years, and shall be provided by the Secretary to the State on an annual basis, as described by the formula information Section. 452 POST ASSISTANCE REQUIREMENTS: Reports: Financial and program progress reporting requirements are described in Program Instructions. Audits: Audits are conducted in accordance with the requirements in 45 CFR 74 and 92. Records: Records are to be kept in accordance with 45 CFR, Parts 74 and 92. FINANCIAL INFORMATION: Account Identification: 75-1536-0-1-506. Obligations: (Grants and Contracts) FY 99 $32,821,547; FY 00 est $32,829,769; and FY 01 est $32,835,000.
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