Post assistance requirements...
Reports
Grant Evaluation, Closeout, Suspension, and Termination: (a) Grant evaluation will be an ongoing activity performed by both the grantee and RHS. The grantee will perform self-evaluations by preparing periodic project performance reports in accordance with 1944.541. RHS will also review all reports prepared and submitted by the grantee in accordance with the grant agreement and this part.
Note:
This section indicates whether program reports, expenditure reports, cash reports or performance monitoring are required by the Federal funding agency, and specifies at what time intervals (monthly, annually, etc.) this must be accomplished.
Audits
Within 45 days after the grant ending date, the grantee will complete closeout procedures as specified in the grant agreement.
Note:
This section discusses audits required by the Federal agency.
The procedures and requirements for State and local governments and nonprofit entities are set forth in OMB Circular No. A-133.
These requirements pertain to awards made within the respective State's fiscal year - not the Federal fiscal year,
as some State and local governments may use the calendar year or other variation of time span designated as the fiscal year period,
rather than that commonly known as the Federal fiscal year (from October 1st through September 30th).
Records
Grantees are required to maintain financial records, supporting documents, statistical records, and all other records pertinent to the grant for a period of at least 3 years after the submission of the final Project Performance report.
Note:
This section indicates the record retention requirements and the type of records the Federal agency may require.
Not included are the normally imposed requirements of the General Accounting Office.
For programs falling under the purview of OMB Circular No. A-102, record retention is set forth in Attachment C.
For other programs, record retention is governed by the funding agency's requirements.