Post assistance requirements...
Monthly progress reports of design and construction. Monthly bills indicating payment has been made so that reimbursement can be made.
This section indicates whether program reports, expenditure reports, cash reports or performance monitoring are required by the Federal funding agency, and specifies at what time intervals (monthly, annually, etc.) this must be accomplished.
DOT Audit is made at the completion of the alteration and final payment of the last bill and to ensure that funds have been applied to the project efficiently, economically, effectively and no overcharges have been made to the project. The audit procedure mandated for the program is the IG Act of 1978, as amended, and DOT Order No. 2900.
This section discusses audits required by the Federal agency.
The procedures and requirements for State and local governments and nonprofit entities are set forth in OMB Circular No. A-133.
These requirements pertain to awards made within the respective State's fiscal year - not the Federal fiscal year,
as some State and local governments may use the calendar year or other variation of time span designated as the fiscal year period,
rather than that commonly known as the Federal fiscal year (from October 1st through September 30th).
The bridge owner is required to maintain all financial records, bills and payments, in-house force account records, time and attendance, contract documents, final acceptance of the project, and receipt of all payments.
This section indicates the record retention requirements and the type of records the Federal agency may require.
Not included are the normally imposed requirements of the General Accounting Office.
For programs falling under the purview of OMB Circular No. A-102, record retention is set forth in Attachment C.
For other programs, record retention is governed by the funding agency's requirements.