Common use of Project Performance and Financial Reporting Clause in Contracts

Project Performance and Financial Reporting. (a) Annual Project Performance Activity Report. No later than January 31st of the following year in which all or any portion of the Grant is first advanced and continuing in subsequent years until completion of the Project, the Grantee must submit the following information utilizing RUS’ online reporting system: (i) a comparison of actual accomplishments to the objectives established for the period; (ii) a description of any problems, delays, or adverse conditions which have occurred, or are anticipated, and which may affect the attainment of overall Project objectives, prevent the meeting of time schedules or objectives, or preclude the attainment of particular Project work elements during established time periods, accompanied by a statement of action taken or planned to resolve the situation; (iii) objectives and timetables established for the next reporting period; and (iv) a completed SF 425- Federal Financial Report.

Project Performance and Financial Reporting. (a) Annual Project Performance Activity Report. No later than January 31st of the following year in which all or any portion of the Grant is first advanced and continuing in subsequent years until completion of the Project, the Grantee must submit the following information utilizing RUS’ online reporting system: (i) a comparison of actual accomplishments to the objectives established for the period; (ii) a description of any problems, delays, or adverse conditions which have occurred, or are anticipated, and which may affect the attainment of overall Project objectives, prevent the meeting of time schedules or objectives, or preclude the attainment of particular Project work elements during established time periods, accompanied by a statement of action taken or planned to resolve the situation; (iii) objectives and timetables established for the next reporting period; and (ivi) a completed SF 425- Federal Financial Report.

Project Performance and Financial Reporting. (a) Annual Project Performance Activity Report. No later than January 31st of the following year in which all or any portion of the Grant is first advanced and continuing in subsequent years until completion of the Project, the Grantee Fiscal Agent must submit the following information utilizing RUS’ online reporting system: (i) a comparison of actual accomplishments to the objectives established for the period; (ii) a description of any problems, delays, or adverse conditions which have occurred, or are anticipated, and which may affect the attainment of overall Project objectives, prevent the meeting of time schedules or objectives, or preclude the attainment of particular Project work elements during established time periods, accompanied by a statement of action taken or planned to resolve the situation; (iii) objectives and timetables established for the next reporting period; and (iv) a completed SF 425- Federal Financial Report.