Section 287.60 - [Effective 10/1/2025] Are there additional financial reporting and auditing requirements?(a) The reporting of expenditures are generally subject to the requirements of 2 CFR 200.328.(b) NEW Program funds and activities are subject to the audit requirement of the Single Audit Act of 1984 (2 CFR part 200, subpart F).(c) A NEW Program grantee must comply with all laws, regulations, and Departmental policies that govern submission of financial reports by recipients of Federal grants.(d) Improper expenditure claims under this program are subject to disallowance.(e) If a grantee disagrees with the Agency's decision to disallow funds, the grantee may follow the appeal procedures at 45 CFR part 16. 65 FR 8554 , Feb. 18, 2000, as amended at 81 FR 3021 , Jan. 20, 2016