Financial reporting guidelines for preparing the AFR and FSR

Grantee Fiscal Year 2013 Edition

The Financial Reporting Guidelines (Guidelines) govern the completion of the Annual Financial Report (AFR) and Financial Summary Report (FSR) that stations in the Community Service Grant (CSG) program are required to file each year.

The Guidelines define Non-Federal Financial Support (NFFS) and discuss the specific types of revenue transactions that are ineligible as NFFS. The Guidelines also contain line item instructions and illustrations for completing the AFR and FSR. All AFR and FSR users must familiarize themselves with the Guidelines, including those who certify and attest to the NFFS values contained in those reports.

For Grantee Fiscal Year 2013 financial reporting AFR filers will be required to complete the restructured Schedules A and E. FSR filers will be required to complete a restructured Part 2 — Expenses. The Fiscal Year 2013 FSR also contains the new Line 4.1 under Part 1 — Revenue.

Beginning with Grantee Fiscal Year 2010, CPB restructured its Financial Reporting Guidelines in order to present the material in a more conventional manner that allows the reader to access and search for information more expeditiously. At the same time, the revision intends to elucidate existing policy especially in areas where grantees have had the most difficulty understanding CPB policy changes to NFFS matching funds in prior years. We believe this will allow Grantees, independent accountants, and others who use the Guidelines to find the information more useful and less onerous.

The Grantee Fiscal Year 2013 Edition includes mapping to the prior structure, last used in the Grantee Fiscal Year 2009 Edition, as well as an index of important terms.

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