Generally Accepted Accounting Principles

Generally Accepted Government Auditing Standards

U.S. Government Accountability Office.

The general location based on the location entered in the grant proposal details.  

Accounting standards issued by the GASB and FASB.

Also known as the Yellow Book, means generally accepted government auditing standards issued by the Comptroller General of the United States, which are applicable to financial audits.

A computer system capable of capturing, storing, analyzing, and displaying geographically referenced information, that is, data identified according to location. Practitioners also define a GIS as including the procedures, operating personnel, and spatial data that go into the system (270 FW8).

The "Geographic Location" is a critical element of the Project Statement to identify the location on the map where the grant activities will take place.

Government owned, contactor operated.

An award of financial assistance made by the Federal Government to an eligible grantee to carry out one or more approved projects.

Grant agreement means a legal instrument of financial assistance between a Federal awarding agency or pass- through entity and a non-Federal entity that, consistent with 31 U.S.C. 6302, 6304:

(1)   Is used to enter into a relationship the principal purpose of which is to transfer anything of value to carry out a public purpose authorized by a law of the United States (see 31 U.S.C. 6101(3)); and not to acquire property or services for the Federal awarding agency or pass-through entity's direct benefit or use;

(2)   Is distinguished from a cooperative agreement in that it does not provide for substantial involvement of the Federal awarding agency in carrying out the activity contemplated by the Federal award.

(3)   Does not include an agreement that provides only:

Life cycle of a grant, which can be broken into three stages: pre-award, award, and post award.

A financial assistance management software platform that enables Federal agencies to manage grants and cooperative agreements through the entire award life cycle including pre-award, award, post-award, and closeout.

The primary federal grantor or contact(s) for a grant award. 

The grantee or grant recipient is any state, local, or municipal government receiving grant funds, as well as any commercial organization or non-profit organization that receives grant funds. 

Provide for use of land owned by another without creating a property right, title, interest, or estate.

Recipients may use award funds to acquire grazing permits directly from Federal, State or local land management agencies.

A group is a collection of users assigned to a specific agency or regional office. By default, TRACS has top‐ level groups that correspond to state and federal agencies.