[Code of Federal Regulations]

[Title 7, Volume 15]

[Revised as of January 1, 2006]

From the U.S. Government Printing Office via GPO Access

[CITE: 7CFR3015.82]



[Page 116-117]

 

                          TITLE 7--AGRICULTURE

 

                         CHAPTER XXX--OFFICE OF

                      THE CHIEF FINANCIAL OFFICER,

                        DEPARTMENT OF AGRICULTURE

 

PART 3015_UNIFORM FEDERAL ASSISTANCE REGULATIONS--Table of Contents

 

               Subpart J_Financial Reporting Requirements

 

Sec. 3015.82  Financial status report.



    (a) Form. Recipients shall use Standard Form 269, Financial Status 

Report, to report the status of funds for all nonconstruction projects 

or programs.

    (b) Accounting basis. Unless specified in the provisions of the 

grant or subgrant each recipient shall report program outlays and 

program income on the same accounting basis, i.e., cash or accrual, 

which it uses in its accounting system.

    (c) Frequency. The awarding agency may prescribe the frequency of 

the report for each project or program. However, the report shall not be 

required more frequently than quarterly except as provided in Sec. Sec. 

3015.4, 3015.81(e), or by statute. If the awarding agency does not 

specify the frequency of the report, it shall be submitted annually. 

Upon expiration or termination of the grant or cooperative agreement, if 

a period of time remains not covered by a periodic report (i.e., a 

quarterly, semi-annual or annual report), a final report shall be 

required.

    (d) Due date. When reports are required on a quarterly or semiannual 

basis, they shall be due 30 days after the reporting period. When 

required on an annual basis, they shall be due 90 days after the end of 

the grant or agreement period. In addition, final reports as defined in 

Sec. 3015.82(c) shall be due 90 days after the expiration or 

termination of grant or agreement support, except in those instances 

where an extension has been granted.



[[Page 117]]



    (e) Final reports. (1) Final reports (i.e., the last report 

submitted) must not show any unpaid obligations.

    (2) If the recipient will still have unpaid obligations when the 

final report is due, the recipient shall submit a provisional final 

report (showing the unpaid obligations) by the due date, and a true 

final report when all obligations have been paid. When submitting a 

provisional final report, the recipient shall tell the awarding agency 

when it expects to submit a true final report.

    (3) As provided in Sec. 3015.81(f), awarding agencies may waive 

provisional final reports.