What Are the Administrative Responsibilities of a Grantee?

34 C.F.R. Part ..., Subpart F
in effectEffective: 2024-07-01

34 C.F.R. § 75.720 Financial and performance reports.

(a) This section applies to the reports required under— (1) 2 CFR 200.327 (Financial reporting); and (2) 2 CFR 200.328 (Monitoring and reporting program performance). (b) A grantee shall submit these reports annually, unless the Secretary allows less frequent reporting. (c) The Secretary may require a grantee to report more frequently than annually, as authorized under 2 CFR 200.207, Specific conditions, and may impose high-risk conditions in appropriate circumstances under 2 CFR 3474.10.

34 C.F.R. § 75.730 Records related to grant funds.

A grantee shall keep records that fully show: (a) The amount of funds under the grant; (b) How the grantee uses the funds; (c) The total cost of the project; (d) The share of that cost provided from other sources; and (e) Other records to facilitate an effective audit.

34 C.F.R. § 75.731 Records related to compliance.

A grantee shall keep records to show its compliance with program requirements.

34 C.F.R. § 75.732 Records related to performance.

(a) A grantee shall keep records of significant project experiences and results. (b) The grantee shall use the records under paragraph (a) to: (1) Determine progress in accomplishing project objectives; and (2) Revise those objectives, if necessary.

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