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*** NOTICE REGARDING FEDERAL FINANCIAL REPORT ***
The Federal Financial Report (FFR or Standard_Form_425) will consolidate and replace the SF 269 (Financial Status Report) and PSC 272 (Federal Cash Transactions Report) with a single report. The Office of Management and Budget (OMB) is requiring that federal agencies transition to the FFR beginning with Fiscal Year 2010 reports (for the quarter ending 12/31/2009). The FFR provides Federal agencies and grant recipients with a standard format and consistent reporting requirements. Effective January 01, 2010, the FFR functionality will be available to all users of the Payment Management System for their first quarter fiscal year 2010 reports (for the period October 1, 2009 through December 31, 2009).

See instructions for using SF 425.

If the recipients previously filed cash transaction reports using the PSC-272, the new FFR form and the FFR Attachment for reporting disbursements for multiple grants must be filed. Also, the FFR cash transaction reports must be filed within 30 days of the end of the quarter (instead of the 45 days allowed for filing the PS C-272). If recipients previously filed financial status reports using the SF-269, they should request guidance from their awarding agency regarding the specific financial status information the agency requires to be reported and the reporting frequency.