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Federal Financial Report Instructions

To compare financial aid award letters from different colleges, compare them based on the out-of-pocket cost. The out-of-pocket cost is the difference between the total cost of attendance and the total gift aid (grants and scholarships). The cost of attendance includes tuition and required fees, room and board, books, supplies, transportation, personal expenses, dependent care and possibly student health insurance and the cost of a computer. Gift aid does not need to be repaid and includes grants, scholarships, tuition waivers and housing waivers. The out-of-pocket cost is the bottom line cost of college, the amount the family must pay,. | Federal Financial Report Instructions Report Submissions 1 Recipients will be instructed by Federal agencies to submit the Federal Financial Report FFR to a single location except when an automated payment management reporting system is utilized. In this case a second submission location may be required by the agency. 2 If recipients need more space to support their FFRs or FFR Attachments they should provide supplemental pages. These additional pages must indicate the following information at the top of each page Federal grant or other identifying number if reporting on a single award recipient organization Data Universal Numbering System DUNS number Employer Identification Number EIN and period covered by the report. Reporting Requirements 1 The submission of interim FFRs will be on a quarterly semi-annual or annual basis as directed by the Federal agency. A final FFR shall be submitted at the completion of the award agreement. The following reporting period end dates shall be used for interim reports 3 31 6 30 9 30 or 12 31. For final FFRs the reporting period end date shall be the end date of the project or grant period. 2 Quarterly and semi-annual interim reports shall be submitted no later than 30 days after the end of each reporting period. Annual reports shall be submitted no later than 90 days after the end of each reporting period. Final reports shall be submitted no later than 90 days after the project or grant period end date. Note For single award reporting 1 Federal agencies may require both cash management information on lines 10 a through 10 c and financial status information lines 10 d through 10 o . 2 10 b and 10 e may not be the same until the final report. Line Item Instructions for the Federal Financial Report FFR Number Reporting Item Instructions Cover Information 1 Federal Agency and Organizational Element to Which Report is Submitted Enter the name of the Federal agency and organizational element identified in the award document or as .