The Federal Financial Report outlines the procedures for reporting on federal grants and funding to ensure accountability and proper usage of funds. Key sections include information on the federal agency, grant identification numbers, and recipient organization details such as the DUNS and EIN numbers. The report specifies the type and period of reporting, whether quarterly, semi-annual, or annual, and indicates the basis of accounting (cash or accrual).
It includes a detailed breakdown of financial transactions involving federal cash, expenditures, and unobligated balances, as well as recipient shares and program income. The report mandates that recipients provide certifications to ensure accuracy, completeness, and compliance with federal guidelines. An emphasis on the importance of truthful reporting is highlighted, as false information may incur penalties.
The document is structured to facilitate users reporting multiple grants through attachments, focusing on compliance with the governing legislation relating to federal funding. Overall, the Federal Financial Report serves as a crucial tool for transparency and financial management in government-funded projects.
The Dworshak Natural Resources Training and Education Statement of Work outlines a cooperative agreement between the U.S. Army Corps of Engineers and a recipient to provide job training for college-age youth in natural resource management. This program aims to enhance education and stewardship in resource-oriented environments through practical work opportunities, including park maintenance and vegetation management on lands managed by the Dworshak Project. The recipient must fulfill various obligations such as recruiting eligible participants, supervising their work, providing safety equipment and training, and coordinating with the Corps for project details. The Corps, in return, will assist with materials, guidance, and project coordination. Both parties are required to maintain good faith and adherence to federal regulations throughout the collaboration. Monthly performance and financial reports will track progress and compliance, and any modifications to the agreement must be authorized by the Grants Officer. This initiative not only aims to build a skilled workforce in natural resources but also emphasizes the importance of responsible public land management.