CFR > Title 34 - Education > SUBTITLE A—Office of the Secretary, Department of Education > PART 74—ADMINISTRATION OF GRANTS AND AGREEMENTS WITH INSTITUTIONS OF HIGHER EDUCATION, HOSPITALS, AND OTHER NON-PROFIT ORGANIZATIONS > SUBPART C—Post-Award Requirements (§74.20 to §74.62) > 74.20—Purpose of financial and program management.

74.20—Purpose of financial and program management.

Sections 74.21 through 74.28 prescribe standards for financial management systems, methods for making payments and rules for—
(a) Satisfying cost sharing and matching requirements;
(b) Accounting for program income;
(c) Approving budget revisions;
(d) Making audits;
(e) Determining allowability of cost; and
(f) Establishing fund availability.

Code of Federal Regulations

(Authority: 20 U.S.C. 1221e-3, 3474 ; OMB Circular A-110)