FIACCT 14-06_20 Grant Accounting – CMIA – Annual Report to Federal Management Service

Effective: July 1, 1994
Revised: April 7, 1997

The format of this annual report will be prescribed by the Financial Management Service (FMS) of the U.S. Treasury and may be changed annually. Actual report forms will be sent to the State by FMS approximately 60 days before the report is due.

All items reported must be detailed at the federal program level, in other words, by CFDA number. It is then further subdivided by state interest liabilities and federal interest liabilities.

We do know the following items, at a minimum, will be required:

1. The federal interest liability for each program listed in the treasury-state agreement

2. The state interest liability for each program listed in the treasury-state agreement
Š The state interest liability on refunds must be reported separately for each program listed in the treasury-state agreement

3. The total federal interest liability for all programs listed in the treasury-state agreement

4. The total state interest liability for all programs listed in the treasury-state agreement

5. The net total interest owed by the state or the federal government

6. For information purposes only, not for the calculation of interest, the actual interest earnings on and the related banking costs for funds drawn from the state’s account in the Unemployment Trust Fund

7. Utah’s direct costs reimbursement claim

8. Certification of accuracy by the Director of the Division of Finance.