Single audit assistance project

The U.S. Department of the Interior's Office of Insular Affairs awarded Kosrae State Government a $250,000 Project Grant under the Economic, Social, and Political Development of the Territories program (CFDA 15.875) on August 21, 2025, with a completion date of September 30, 2029. This grant provides Single Audit Assistance to support Kosrae State Government's financial management and compliance capabilities through the performance period. Single audit assistance grants typically fund activities related to conducting and managing financial audits, improving internal controls, enhancing financial reporting systems, and ensuring compliance with 2 CFR Part 200 regulations, which govern federal grant administration and financial accountability requirements for grant recipients.

As a Pacific island jurisdiction within the Federated States of Micronesia, Kosrae State Government is an active federal grantee that utilizes funding from the Office of Insular Affairs to strengthen institutional capacity and support community development initiatives. This award reflects the federal program's emphasis on building long-term institutional development and administrative infrastructure in small, isolated island economies. The grant is administered through GrantSolutions.gov and subjects Kosrae State Government to standard audit and compliance requirements, with semi-annual reporting obligations and oversight by Interior's Office of Inspector General and Office of Insular Affairs staff.