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Aviation Research Grants

Published on AidPage by IDILOGIC on Jun 24, 2005

Post assistance requirements...

Reports

Technical Reporting Requirements per Subpart C of OMB Circular A-110. Semi-annual and final technical reports required. Financial reporting requirements as per Subpart C of OMB Circular A-110. Quarterly and final reports required.

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

Single Audit Act assigns responsibility to either the Department of Health and Human Services or the Department of Defense for most institutions. The TSA reserves the right to conduct individual audits as needed within the constraints of applicable laws and regulations. In accordance with the provisions of OMB Circular A-133 (Revised, June 27, 2003), "Audits of States, Local Governments, and Non-Profit Organizations," non-Federal entities that expend financial assistance of $500,000 or more in Federal awards will have a single or a program-specific audit conducted for that year. Non-Federal entities that expend less than $500,000 a year in Federal awards are exempt from Federal audit requirements for that year, except as noted in Circular A-133.

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

Technical and financial records must be retained for a minimum of 3 years (or longer, depending on special situations) following grant completion.

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.