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• <br />• <br />AC NO: 150/5100-10A <br />DATE: April 13, 1976 <br />ADVISORY <br />CIRCULAR <br />DEPARTMENT OF TRANSPORTATION <br />FEDERAL AVIATION ADMINISTRATION <br />SUBJECT: <br />ACCOUNTING RECORDS GUIDE FOR AIRPORT AID PROGRAM SPONSORS <br />1. PURPOSE. This advisory circular sets forth recordkeeping requirements <br />imposed on sponsors of Airport Development Aid Program (ADAP) and the <br />Planning Grant Program (PGP) projects by the Airport and Airway Development <br />Act of 1970, as amended. In addition, the Federal Aviation Regulations <br />(FARs) require a sponsor to establish and maintain a financial management <br />system that meets the standards set forth in FAR 152, Appendix K. This <br />circular provides detailed explanations of these requirements. <br />2. CANCELLATION. AC 150/5100-10, Accounting Records Guide for Airport <br />Development Aid Program Sponsors, dated 5/15/72, is cancelled. <br />3. MAJOR CHANGES. AC 150/5100-10 was revised to incorporate the amendments <br />to FAR 152 that became effective on July 1, 1974. These amendments <br />resulted from implementation of Federal Management Circular 74-7 (formerly <br />Office and Management and Budget Circular A-102), "Uniform administrative <br />requirements for grants-in-aid to state and local governments." In <br />addition, guidance for PGP sponsors was added. <br />4. EXPLANATORY INFORMATION. This circular cannot be sufficiently comprehen- <br />sive to cover all possible situations that may arise. Accordingly, a <br />sponsor should not hesitate to request such additional information as is <br />necessary relating to recordkeeping requirements, financial management <br />systems, project costs, or documentation by contacting the appropriate <br />FAA Airports field office. The FAA Airports field office will arrange <br />for an FAA auditor to provide the sponsor with the needed information. <br />AC 150/5000-3, Address List for Regional Airports Divisions and Airports <br />District Offices, current edition, contains the addresses of the Regional <br />Airports Divisions and Airports District Offices. <br />5. ALLOWABLE COSTS. Allowable costs are described in Part 152 of the FAR <br />and the individual grant agreements. The determination of costs allow- <br />able under each grant is based upon the recommendations of the designated <br />Initiated by: AAA-610/APP-500 <br />