Post assistance requirements...
Reports
Implementation plan; quarterly progress reports; and a final report at the end of the project.
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
DOT's Inspector General and the Comptroller General of the United States may at all reasonable times investigate and audit, in the offices of the grantee, all documents, papers, books and records relevant to the execution and implementation of the conditions of this 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
Recipient is required to retain all documents, files, books, and records relevant to the execution and implementation of the conditions of this agreement for a period of not less than 3 years, except when litigation, dispute, exception, or audit have been filed. In that case, the records and other materials shall be retained until the litigation, dispute, exception, or audit is judicially or administratively made final.
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.