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Video instructions and help with filling out and completing How Form 2220 Accounting

Instructions and Help about How Form 2220 Accounting

Welcome to our course on payment management standards for recipients of federal grants and other types of awards what are the immediate cash needs requirements of the payment management standards first recipients must limit their funding requests to the minimum amounts needed to support the program or project next the funding amounts must be used to carry out only the purpose of the approved program or project this requirement means funds may not be drawn to support unrelated work or in excess of actual funding needs recipients must have a process that minimizes the time between receiving cash advances from the US Treasury and the actual disbursement of funds by the recipient for program or project costs this timeframe should be as short a turnaround as is administratively feasible think of administratively feasible as what a reasonable person would do in similar circumstances.

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