[Code of Federal Regulations]

[Title 32, Volume 1]

[Revised as of July 1, 2006]

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

[CITE: 32CFR34.41]



[Page 219]

 

                       TITLE 32--NATIONAL DEFENSE

 

              CHAPTER I--OFFICE OF THE SECRETARY OF DEFENSE

 

PART 34_ADMINISTRATIVE REQUIREMENTS FOR GRANTS AND AGREEMENTS WITH 

FOR-PROFIT ORGANIZATIONS--Table of Contents

 

                    Subpart B_Post-award Requirements

 

Sec.  34.41  Monitoring and reporting program and financial performance.



    Grants officers may use the provisions of 32 CFR 32.51 and 32.52 for 

awards to for-profit organizations, or may include equivalent technical 

and financial reporting requirements that ensure reasonable oversight of 

the expenditure of appropriated funds. As a minimum, equivalent 

requirements must include:

    (a) Periodic reports (at least annually, and no more frequently than 

quarterly) addressing both program status and business status, as 

follows:

    (1) The program portions of the reports must address progress toward 

achieving program performance goals, including current issues, problems, 

or developments.

    (2) The business portions of the reports shall provide summarized 

details on the status of resources (federal funds and non-federal cost 

sharing or matching), including an accounting of expenditures for the 

period covered by the report. The report should compare the resource 

status with any payment and expenditure schedules or plans provided in 

the original award; explain any major deviations from those schedules; 

and discuss actions that will be taken to address the deviations.

    (3) When grants officers previously authorized advance payments, 

pursuant to Sec.  34.12(a)(2), they should consult with the program 

official and consider whether program progress reported in the periodic 

report, in relation to reported expenditures, is sufficient to justify 

continued authorization of advance payments.

    (b) Unless inappropriate, a final performance report that addresses 

all major accomplishments under the award.