Common use of Sources and Uses of Funds Clause in Contracts

Sources and Uses of Funds. For the CDBG program, these accounting records must contain reliable and up-to-date information about the sources and uses of funds, including: • Federal grant awards (or subgrant allocations) received by the organization. • Current authorizations and obligations of CDBG funds. • Unobligated balances (funds remaining available for distribution). • Assets and liabilities. • Program income. • Actual outlays or expenditures, with further breakdowns by: • The grant program from which the funds are derived. 4 • The “eligible activity” classifications specified in 24 CFR 570.201–570.206 (housing rehabilitation, economic development, public facilities, public services, etc.) or similar classifications which clearly indicate use of program funds for eligible activities.

Sources and Uses of Funds. For the CDBG program, these accounting records must contain reliable and up-to-date information about the sources and uses of funds, including: • Federal grant awards (or subgrant allocations) received by the organization. • Current authorizations and obligations of CDBG funds. • Unobligated balances (funds remaining available for distribution). • Assets and liabilities. • Program income. • Actual outlays or expenditures, with further breakdowns by: • The grant program from which the funds are derived. 4 • The “eligible activity” classifications specified in 24 CFR 570.201–570.206 (housing rehabilitation, economic development, public facilities, public services, etc.) or similar classifications which clearly indicate use of program funds for eligible activities.

Sources and Uses of Funds. For the CDBG program, these accounting records must contain reliable and up-to-date information about the sources and uses of funds, including: •  Federal grant awards (or subgrant allocations) received by the organization. •  Current authorizations and obligations of CDBG funds. •  Unobligated balances (funds remaining available for distribution). •  Assets and liabilities. •  Program income. •  Actual outlays or expenditures, with further breakdowns by: •  The grant program from which the funds are derived. 4 •  The “eligible activity” classifications specified in 24 CFR 570.201–570.206 (housing rehabilitation, economic development, public facilities, public services, etc.) or similar classifications which clearly indicate use of program funds for eligible activities.