What shall a grantee record and report?

34 C.F.R. § 628.47
in effectEffective: 2024-07-01
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A grantee shall— (a) Keep records of— (1) The source, kind and amount of matching funds; (2) The type and amount of investments of the endowment fund; (3) The amount of endowment fund income; and (4) The amount and purpose of expenditures of endowment fund income; (b) Retain each year's records for a minimum of five years after the grant period ends; (c) Allow the Secretary access to information that the Secretary judges necessary to audit or examine the records required in paragraph (a) of this section; (d) Carry out the audit required in 2 CFR part 200, subpart F; (e) Comply with the reporting requirements in 2 CFR 200.512; and (f) Submit reports on a timely basis that are requested by the Secretary.

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