1180.59—Records related to grant funds.
A grantee shall, in accordance with applicable OMB circulars, keep records that show accurately and in full:
(a)
The amount of funds awarded under the grant;
(b)
The exact uses of the funds;
(c)
The total amount expended under the grant;
(d)
The amount expended under the grant during the grant period provided from non-Federal sources; and
(e)
Other records necessary to facilitate an effective audit.
[71 FR 6372, Feb. 8, 2006]