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Posted by on Oct 8, 2009

First Agency to Incorporate New FFR

In tomorrow’s (Thursday) Federal Register, the US Agency for International Development will publish a notice amending its grants management regulations to reflect the governmentwide switch to the new Federal Financial Report (SF-425/425A).
OMB developed the new form as a standard reporting format for all federal assistance recipients, replacing the (Financial Status Report  (SF-269/269A) and the Federal Cash Transaction Report (SF-272/272A). Federal agencies were to begin using the new SF 425/425A no later than Oct.1 of this year, and several have. But as far as I know, AID is the first agency to officially amend its regulations to accommodate the new form.
In the announcement, AID says, “As published, the regulation unduly limits the use of financial reporting forms to Standard Form 269 and Standard Form 270. The purpose of the amendment is to relieve this restriction and allow any such forms as OMB approves.”

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