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INSTRUCTIONS FOR USE OF US FORM 481 FINANCIAL REQUIREMENT STATEMENT (FRS) Revised as of March 2010 1 Borrower Designation ? The borrower enters US project number. 2 Statement Number ? The borrower

) included in the contract (other than the actual cost of the contract, if any). 6 Designation Purpose (IFRS) ? The borrower will list the IFRS (in US dollars) used in the computation of project cost (for each individual project) and projected total cost (for each individual project) (if the contract has a value over 25,000). 7 Statement for the purpose/use at the time of issuance ? The borrower includes a brief explanation for the designation. 8 Borrowers Name — First ? Last ? The borrower enters the borrower's First, Last, and Primary business names. 9 Borrower Names — Company ? The borrower enters the name or abbreviations to which the borrower reports as the primary business or, in the case of a corporation, the name of the corporation. 10 Statement Number — First ? Last ? The borrower enters the number of the statement. 11 Statement Date — Month / Day ? The borrower enters the exact date on which the statement was issued. 12 Statement Type — Monthly (ABA) — Standard (ABA) — Month (M/D) — Year (Y) The borrower enters the monthly payment due date. If the statement is issued on a rolling basis, the last date is recorded as the Month (M/D), unless the statement is an annuity, in which case the month is recorded as the Y. For example: A month payment is recorded as January, February, et cetera. 13 Borrowers Name — FBO (for commercial leases) or Owner/Agent (for home improvement), If applicable ? The borrower enters the name and address of the individual who is responsible for the project. If the contract is a commercial lease, the name and address of the Borrower's agent or lessee will also appear here. 14 Principal Amount — Monthly or Annual ? For this purpose, a monthly payment is computed from the date of the statement issued or the first day of the next month (whichever comes before), if the contract is monthly. A contract for a one-time payment is computed from the last day of the first month after the signing of contract.

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What is rus form 481?

RUS Form 481 is a form used by the Rural Utilities Service (RUS) to collect financial and operational data from entities that have received financial assistance or loans from the RUS.

Who is required to file rus form 481?

Entities that have received financial assistance or loans from the Rural Utilities Service (RUS) are required to file RUS Form 481.

How to fill out rus form 481?

RUS Form 481 can be filled out manually or electronically. The form requires certain financial and operational data to be reported, such as balance sheets, income statements, and information on loan accounts and facilities. Detailed instructions for filling out the form can be found on the RUS website.

What is the purpose of rus form 481?

The purpose of RUS Form 481 is to collect financial and operational data from entities that have received financial assistance or loans from the Rural Utilities Service (RUS). This data is used for various purposes, such as monitoring the financial health of these entities and ensuring compliance with loan agreements.

What information must be reported on rus form 481?

RUS Form 481 requires entities to report various financial and operational information, including balance sheets, income statements, loan account balances, facilities information, and other relevant data. The specific requirements can be found in the instructions provided with the form.

When is the deadline to file rus form 481 in 2023?

The deadline to file RUS Form 481 in 2023 has not been specified. It is recommended to check the official RUS website or contact the RUS directly for the most up-to-date information on filing deadlines.

What is the penalty for the late filing of rus form 481?

The penalty for the late filing of RUS Form 481 is not specified in the provided information. It is advisable to refer to the official RUS guidelines or consult with the RUS directly to determine the penalties for late filing.

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