What cost accounting system must a State maintain?
A State accounting system must account for the expenditure of grant funds in accordance with State laws and procedures for expending and accounting for its own funds, including funds subgranted to others, in compliance with 43 CFR 12.60(a). The Service may review the States accounting system as a part of a preaward review or at any time subsequent to the award. 17.5 At what level must States provide certified cost data? For those grants that include Federal assistance funds from a single subaccount, States must certify and are accountable for cost data at the grant agreement level. For those grants that include Federal assistance funds from more than one subaccount, States must certify and are accountable for cost data at the subaccount level. For purposes of this paragraph, the term subaccount means the items in Exhibit 1. Report costs by subaccount on SF 269 (Financial Status Report (FSR)) as broad categories such as total outlays, refunds, program income, and net outlays. We do not
