14
Grants – New Statewide Policies
•Deferred revenue – record if grant funds are received prior to meeting all of the eligibility requirements
–For governmental or expendable trust funds, also record deferred revenue if amounts are not considered available
–Considered NOT available if not received by July 31
Required characteristics of recipients - recipient has the characteristics specified by the provider

Time requirements - usually specified in enabling legislation, such as specification of the grant period

Reimbursements - provider offers resources on a reimbursement basis and the recipient has incurred allowable costs under the program

Contingencies - Specific action required by the provider has occurred, such as paying the required match on a grant program or raising a certain amount of money to be matched by the provider.