Instructions for Form GCR-1 Report of Federal / Other Financial Assistance (Over $200,000) - South Carolina

This document contains official instructions for Form GCR-1 , Report of Federal/Other Financial Assistance (Over $200,000) - a form released and collected by the South Carolina Department of Administration.

FAQ

Q: What is Form GCR-1?A: Form GCR-1 is a report used in South Carolina to disclose federal and other financial assistance that exceeds $200,000.

Q: Who needs to complete Form GCR-1?A: Any individual or organization in South Carolina that has received federal or other financial assistance over $200,000 needs to complete Form GCR-1.

Q: What information is required on Form GCR-1?A: Form GCR-1 requires information about the recipient of the financial assistance, the type and amount of assistance received, and information about the funding agency or organization.

Q: Is there a deadline for submitting Form GCR-1?A: Yes, Form GCR-1 should be submitted within 30 days after the end of the fiscal year in which the financial assistance was received.

Q: What are the consequences of not submitting Form GCR-1?A: Failure to submit Form GCR-1 can result in penalties and the loss of future financial assistance.

Q: Can I request an extension to submit Form GCR-1?A: Yes, you can request an extension for submitting Form GCR-1 by contacting the appropriate agency or organization.

Q: Who should I contact if I have questions about Form GCR-1?A: For specific questions about Form GCR-1, you should contact the South Carolina Department of Administration or the funding agency/organization that provided the financial assistance.