The Federal Financial Report, or Standard Form (SF) 425, is an Office of Management and Budget (OMB)-approved financial reporting form used by recipients of Federal financial assistance awards.  

Applies to:

All grants and cooperative agreements



The Federal Financial Report (FFR), or SF-425, is the current form used by Federal financial assistance recipients to report to allowable costs incurred on their award-supported projects. This form is used both for interim and final reports required of the recipients. 



2 CFR 200 Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards

§200.327 Financial reporting.

Unless otherwise approved by OMB, the Federal awarding agency may solicit only the standard, OMB-approved governmentwide data elements for collection of financial information (at time of publication the Federal Financial Report or such future collections as may be approved by OMB and listed on the OMB Web site). This information must be collected with the frequency required by the terms and conditions of the Federal award, but no less frequently than annually nor more frequently than quarterly except in unusual circumstances, for example where more frequent reporting is necessary for the effective monitoring of the Federal award or could significantly affect program outcomes, and preferably in coordination with performance reporting.

[78 FR 78608, Dec. 26, 2013]


Frequently Asked Questions

Must subrecipients use the SF-425 to report subaward-supported projects to their pass-through entities?

No. Subrecipients report their subaward-supported financial data in the format and frequency determined by their pass-through entity. 


Learning Aids

Completing the Federal Financial Report (SF-425)


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