[Code of Federal Regulations] [Title 14, Volume 3] [Revised as of January 1, 2006] From the U.S. Government Printing Office via GPO Access [CITE: 14CFR152.319] [Page 139-140] TITLE 14--AERONAUTICS AND SPACE CHAPTER I--FEDERAL AVIATION ADMINISTRATION, DEPARTMENT OF TRANSPORTATION (CONTINUED) PART 152_AIRPORT AID PROGRAM--Table of Contents Subpart D_Accounting and Reporting Requirements Sec. 152.319 Monitoring and reporting of program performance. (a) The sponsor or planning agency shall monitor performance under the project to ensure that-- (1) Time schedules are being met; (2) Work units projected by time periods are being accomplished; and, (3) Other performance goals are being achieved. (b) Reviews shall be made for-- (1) Each item of development or work element included in the project; and (2) All other work to be performed as a condition of the grant agreement. (c) Airport development. Unless otherwise requested by the Administrator, the sponsor of a project for airport development shall submit a performance report, on an annual basis, that must include-- (1) A comparison of actual accomplishments to the goals established for the period, made, if applicable, on a quantitative basis related to cost data for computation of unit costs; [[Page 140]] (2) The reasons for slippage in each case where an established goal was not met; and (3) Other pertinent information including, when appropriate, an analysis and explanation of each cost overrun and high unit cost. (d) Airport planning. The sponsor of a project for airport master planning or a planning agency conducting a project for airport system planning shall submit a performance report, on a quarterly basis, that must include: (1) A comparison of actual accomplishments to the goals established for the period, made, if applicable, on a quantitative basis related to costs for computation of work element costs; (2) Reasons for slippage in each case where an established goal was not met; and (3) Other pertinent information including, when appropriate, an analysis and explanation of each cost overrun and high work element cost.