Federal Cash Transaction Report (GM272)

Run Federal Cash Transaction Report (GM272) to create a report you can use as a worksheet to complete the Federal Cash Transaction Form (Short Form), SF272 and SF272a. The Federal Cash Transaction Form (SF272) states the amount of federal cash an institution has on hand and for how long. It is commonly prepared quarterly for an individual grant or for all grants from a particular funding agency. SF272a is a continuation of the SF272 form. When the SF272 report includes multiple grants, the SF272a report contains the detail amounts by grant.

You can run the GM272 report for a summary activity, multiple contract activities, a list of contract activities, or for a letter of credit number. Running the report for a letter of credit number will include the SF272 Continuation information.

Note: Before you run Federal Cash Transaction Report (GM272), you should apply Accounts Receivable cash. The report uses applied information, not just cash received.

When you use a letter of credit for the GM272 report, the cash application records in Accounts Receivable represent withdrawal amounts, and the payment number associated with each cash receipt is the voucher number. If a letter of credit is not specified for a contract, then the cash application records in Accounts Receivable represent treasury check payments.