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This document provides a comprehensive financial summary of the CDBG-CV (Community Development Block Grant-Coronavirus) and HOME program for the City of Chattanooga, TN. It includes detailed information on resources, expenditures, low/mod benefit calculations, public service funding, planning and administration costs, and includes related reports such as match reports, program income details and a point in time count for January 2023.

How to fill out cdbg financial summary reports

How to fill out cdbg financial summary reports

1. Gather all relevant financial documents related to the CDBG project.
2. Open the CDBG financial summary report template provided by the funding agency.
3. Fill in the basic information, including project name, grant number, and reporting period.
4. Enter total grant amount awarded for the project.
5. List all expenditures incurred during the reporting period, including date, description, and amount.
6. Categorize expenditures according to the budget categories outlined in the project budget.
7. Calculate the total expenditures and ensure they match the required formats.
8. Provide any necessary explanations or notes for variances in expenditures.
9. Review the report for accuracy and completeness before submission.
10. Submit the completed financial summary report to the designated agency by the deadline.

Who needs cdbg financial summary reports?

1. Local government agencies administering CDBG funds.
2. Project managers overseeing CDBG funded projects.
3. Financial officers responsible for maintaining project budgets.
4. Grant reviewers evaluating the financial performance of projects.
5. Stakeholders and community members interested in project accountability.

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What is cdbg financial summary reports?

CDBG financial summary reports are documents that provide a comprehensive overview of the expenditures and financial activities related to the Community Development Block Grant (CDBG) program, ensuring accountability and transparency in the use of federal funds.

Who is required to file cdbg financial summary reports?

Entities that receive CDBG funds, including state and local governments and other recipients of federal funding under the CDBG program, are required to file these financial summary reports.

How to fill out cdbg financial summary reports?

To fill out CDBG financial summary reports, recipients should gather data on eligible expenditures, complete required fields accurately, ensure compliance with federal guidelines, and submit the report by the designated deadline.

What is the purpose of cdbg financial summary reports?

The purpose of CDBG financial summary reports is to provide an overview of financial transactions, ensure the proper use of federal funds, facilitate audits, and promote transparency and accountability in governmental financial activities.

What information must be reported on cdbg financial summary reports?

CDBG financial summary reports must include information such as the total amount of CDBG funds received, expenditures by category, program income, matching funds, and a summary of activities funded by CDBG.