Byrd Honors Scholarships

Post Assistance Requirements

Reports:
An annual performance report of the expenditure of Scholarship funds and other reports as required by the Secretary.

Audits:
In accordance with the provisions of OMB Circular No. A- 133 (Revised, June 27, 2003), "Audits of States, Local Governments, and Nonprofit Organizations," nonfederal entities that expend financial assistance of $500,000 or more in Federal awards will have a single or a program-specific audit conducted for that year. Nonfederal entities that expend less than $500,000 a year in Federal awards are exempt from Federal audit requirements for that year, except as noted in Circular No. A-133.

Records:
Records must be maintained for 5 years after the activity for which the funds were awarded or until completion of the Department Audit, whichever is later.