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Click ‘Get Form’ to open the contract funds status report in the editor.
Begin by entering the 'Contract Number' in the designated field. This is essential for tracking and referencing your specific contract.
Next, specify the 'Contract Type' and 'Contract Funding For FY'. These fields help categorize the funding and fiscal year associated with your contract.
Fill in the 'Appropriation' section, which details how funds are allocated. Ensure accuracy to avoid discrepancies.
Provide information about the contractor, including their name, address, and zip code in section 7.
Update previous report dates and current report dates as necessary to maintain a clear timeline of reporting.
Complete sections on initial and adjusted contract prices, ensuring you differentiate between target and ceiling amounts.
In the funding information section, accurately input data regarding appropriations, expenditures, commitments, and forecasts for comprehensive financial tracking.

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What is a contract funds status report?

The Contract Funds Status Report (CFSR), DD Form 1586, is designed to supply funding data about defense contracts to Program Managers for: (a) updating and forecasting contract funds requirements, (b) planning and decision making on funding changes to contracts, (c) developing funds requirements and budget estimates in

How are contract funds status report amounts expressed?

Answer Explanation. The CFSR is expressed in US dollars. The Contract Funds Status Report (CFSR) is a report detailing the status of funds for a particular contract. The report is expressed in US dollars.

What is a contract status report?

A Contract Status Report is a comprehensive document that outlines the current state of contracts within a construction project. It provides a snapshot of the progress, potential risks, and financial implications of each contract.

What is the Cfsr used by business managers to do?

The CFSR is designed to supply funding data about defense contracts to program managers for the following purposes: (a) updating and forecasting contract funds requirements; (b) planning and making decisions on funding changes to contracts; (c) developing funds requirements and budget estimates in support of approved

What is a contract performance report?

The CPR is the primary document used throughout the Federal government to monitor and report earned value for projects. It has been used for many years on Department of Defense (DoD) projects, and the Federal Acquisition Regulation (FAR) has required use of the CPR for information technology projects since 2006.