Management Minute: Three Federal Reports Every Grant Recipient Must File
Shandra Davis: Filing on-time federal reports is a requirement of your Head Start award. The three required reports are the SF-425, your federal financial report, your SF-428, the tangible property report, and the SF-429, the real property report. The SF-425 reports on obligations and disbursements in a period under each grant number, and the SF-428 reports on a recipient's federally owned property at the close of the project period.
Keep in mind that filing late reports or missing a filing date may impact your ability to access funds in the payment management system. The SF-429 is important because it highlights the status of real property purchased, constructed, or subject to major renovations paid with federal Head Start funds. It is a good idea for recipients to update any notices of federal interest based on your SF-429.
Strong internal controls will support timely and accurate federal reports and keep you in compliance with the terms and conditions of your federal award.
CloseA grants management specialist identifies three federal reports every grant recipient must file in a timely manner. Learn more about these reports and other related regulations in the iPD course Financial Essentials 4: Internal Controls, Closeout, and Reporting.