According to federal guidelines, what is the maximum period for retaining records post-grant completion?

The maximum period for retaining records post-grant completion is three years after the final expenditure report is submitted, as stipulated by federal guidelines. This requirement is designed to ensure that grant recipients maintain adequate documentation that supports the financial accountability and compliance of the grant-funded project.

Retention of records for three years allows for sufficient time to address any potential audits, investigations, or inquiries that may arise regarding the use of federal funds. This timeframe aligns with the audit cycle and grants management best practices, ensuring that all necessary information related to the grant's financial activities is available for review, if needed.

The choice of three years is specifically tailored to accommodate the complexities involved in finalizing all grant-related financial matters and ensures compliance with federal oversight requirements. This retention period is crucial as it assures both the grantor and the public that funds were utilized appropriately and according to the intended purpose of the grant.