On 5/3/2011 6:18 AM, John Montana wrote:
> Further to Larry's comment, if you got the money as a federal grant of some kind, there may be some recordkeeping requirements for that specific grant program.  Federal agencies have regulations dealing with the grants they hand out, and those usually contain some sort of recordkeeping and retention requirement.  The recordkeeping is usually standard accounting records and retention is normally only a few years and not a problem, but without looking you can't be absolutely sure, since every agency has its own set of rules, and many have more than one grant program.  Here's one example, from H.U.D.:
>
Folks,
Also Under (I believe) FAR 7 if you image any hard copy records 
(financial) related to Federal grants & contracts you will need to keep 
the hard copy for one year after imaging for audit purposes.  You would 
obviously need to check with the relevant agency to see if this is the 
case.  Personally, I'd check with my audit agency rather than the 
funding agency.  Dick King, University of Arizona

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