Post assistance requirements...
USDA requires semi-annual reports for the designated EZ/EC communities. These reports will identify the community, local government and State actions that have been taken in accordance with the strategic plan. In addition to these reports, such other information relating to designated empowerment zones and enterprise communities as USDA shall request from time to time shall be submitted promptly. On the basis of this information and of on-site reviews, USDA will prepare and issue periodic EZ/EC reports.
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.
In accordance with OMB Circular No. A-133 "Audits of States, Local Governments, and Non-Profit Organizations" as codified by USDA or 7 CFR Chapter XXX, Part 3052, nonfederal entities that expend $300,0000 or more in a year in Federal awards shall have a single or program-specific audit conducted for that year.
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).
To be determined.
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.