4.3 Reporting Requirements

4.3.1 Financial Status Report (FSR) 4.3.2 Procedures for Closeout 4.3.3 Late and Inaccurate Reports

4.3.1 Financial Status Report (FSR)

Effective Date: October 1, 2025

Monthly Due Date. Recipients¹ must submit the Financial Status Report (FSR) to DWD-DET for all grants within 30 calendar days after the close of each reporting month.²
Accrued Expenditures. The FSR must be prepared on an accrual basis.³ Accruals may consist of, but are not limited to, the following:
- Wages and salaries earned but not paid;
- Invoices received but not paid;
- Accrued expenditure reports received but not paid;
- Payments earned on an On-the-Job Training (OJT) contract as of the end of a month but not yet due or paid to the employer.
At the end of the grant period, the recipient shall make necessary adjustments to convert accrued expenditures to actual.

4.3.2 Procedures for Closeout

Effective Date: February 18, 2025

Refer to section 3.5 Grant Closeout

4.3.3 Late and Inaccurate Reports

Effective Date: August 15, 2025

If required reports, including the final FSR, are not accurate or are not submitted on a timely basis, DWD-DET may withhold payment of the recipient's costs incurred under the current grant or subsequent active grants until required reports are received.¹

¹ 2 CFR 200.339(a)