Section 886.19 - How must I account for grant funds?You must do all of the following in accordance with the requirements of 43 CFR part 12 :
(a) Accurately and timely account for grant funds;(b) Adequately safeguard all funds, property, and other assets and assure that they are used solely for authorized purposes;(c) Provide a comparison of actual amounts spent with budgeted amounts for each grant;(d) Request any cash advances as closely as possible to the actual time of the disbursement; and(e) Design a systematic method to assure timely and appropriate resolution of audit findings and recommendations.