Topic 1: What are the Federal Financial Reports?

Topic 1: What are the Federal Financial Reports?

The CFR and Notice of Awards contain terms and conditions that indicate annual financial reports are required. Each year, the DSA, in partnership with the Council or the Council (if the Council is their own DSA), must submit three separate reports – one for each grant award year. For example, the reports due by December 30, (2020) – Councils will have a report for the F.Y. 2018 grant, the F.Y. 2019 grant, and the F.Y. 20 grant.

The SF-425 is the standard report format for grant recipients to report the status of their grant awards on an annual basis. The SF-425 is a requirement for all award recipients.

Investigating financial report

SF-425 Forms

  • Each year, three separate reports are to be submitted
  • For the reports due at the end of a calendar year – 
    • The FFY most recently ended, and two years prior. 
  • The Notice of Award contains information about where and when to file the reports.