Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Space for retaining previous years records is at a premium. How long must I maintain the financial records for the grants our agency received?

April 26, 2017agency financial Grants maintain Premium previous records retaining year

0

Posted

Space for retaining previous years records is at a premium. How long must I maintain the financial records for the grants our agency received?

1 Answer

0

Posted

General supporting documentation must be retained for the current year plus six prior years unless otherwise specified by program requirements. Additionally, audit or litigation will “freeze the clock” for records retention purposes until the issue is resolved.