 This section covers the actual management, or handling, of funds pertaining to a federal program, specifically on how federal assistance is distributed to recipients and how recipients manage the funds until disbursement. The actual transfer of funds, commonly referred to as “ drawdowns ”, is usually done electronically by requesting the funds to the federal agency via website or a network. The funds are automatically transferred from the US Department of Treasury to the recipient ’ s bank account. Federal assistance for program operations is provided to recipients usually by one of two methods, also called “ funding techniques ”: by either advances of funds or by reimbursement of funds.
