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The term SF‐425 is used interchangeably with FFR. Unliquidated Obligation: Debt that has been incurred for the grant, but not yet paid out. On a cash basis, obligations are incurred but not yet paid.
is a required Office of Management and Budget (OMB) financial reporting form to track the status of financial data tied to a particular Federal grant award. Captures the obligations and disbursements that occurred during the grant period not just the quarter being reported.
An awardee is required to submit an SF-425 for every quarter, regardless of whether expenses were incurred or not, once the project has begun. Even if expenses have not been incurred during the quarter, the awardee must report the cumulative amount of expenses to date.
Grantees are required by the HUD grant agreement to submit a FFR/SF-425. Due no later than 30 calendar days after the last day of a calendar year quarter. Submit every quarter, regardless of whether expenses were included or not, once the project has begun.
What Is SEC Form 425? SEC Form 425 is the prospectus document companies must file to disclose information about their business combinations. A business combination may refer to a merger between two or more companies, or a consolidation.
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What is the purpose of the FFR (SF-425)? The FFR, required for all EDA grants, captures key financial data for a grant, such as the amount of federal funds disbursed and spent so far. The FFR is a useful tool for both grantees and EDA to monitor the award and ensure compliance.
SF-425 is a standard form that recipients of federal funds under COPS Office grant programs (grantees) must use to report cumulative expenses incurred under each award.

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