Monitoring and reporting program performance.

CFR · 2024-01-01 · US · Title 7

The requirements specified in this section shall apply to grants made under this subpart. (a) Grantees must complete the project per the terms and conditions specified in the approved work plan and budget, and in the grant agreement and letter of conditions. Grantees will expend funds only for eligible purposes and will be monitored by Agency staff for compliance. Grantees must maintain a financial management system, and property and procurement standards in accordance with Departmental Regulations. (b) Grantees must submit narrative and financial performance reports, as prescribed by the Agency in the grant agreement, that include required data elements related to achieving programmatic objectives and a comparison of accomplishments with the objectives stated in the application. At a minimum, these include comparisons of anticipated activies and outcomes and timeframes for achieving: (1) Expansion of customer base as a result of the project; (2) Increased revenue returned to the producer as a result of the project; (3) Jobs created or saved as a result of the project; (4) Evidence of receipt of matching funds, if included or provided for in project. (i) Semi-annual performance reports shall be submitted within 45 days following March 31 and September 30 each Fiscal Year. A final performance report shall be submitted to the Agency within 90 days of project completion. Failure to submit a performance report within the specified timeframes may result in the Agency withholding g

official document · source cfr-2024 · id 7:§ 4284.960