Get Instructions For Use Of Rus Form 481 - Association Of Communication ... - Ace-engineers

Filling out the Instructions For Use Of Rus Form 481 can seem daunting, but with clear guidance, you can complete it efficiently. This guide will walk you through each section of the form to ensure you provide all necessary information accurately.

Follow the steps to fill out the Instructions For Use of Rus Form 481 correctly.

1. Click ‘Get Form’ button to retrieve the form and open it in your designated editor.
2. In the 'Borrower Designation' field, enter your RUS project number accurately.
3. For 'Statement Number', input the numerical sequence from your previous Financial Requirement Statement (FRS).
4. In the 'Date Prepared' section, write today's date in the required format.
5. Provide your 'Borrower Name and Address' plainly and concisely.
6. In the 'Approved Purposes' column, list all relevant items such as contracts and approved work orders just as recorded in the last submission.
7. Enter funds under 'Amount Encumbered', which should reflect money set aside for contracts approved since the last FRS.
8. Complete Column 1 'Withheld on Contract' by letting RUS fill in the percent withheld as per guidelines.
9. Fill out Column 2 'Total Approved for Advance' by entering the amounts previously approved, adjusting as necessary.
10. Input the total amount advanced to date in Column 3 'Total Advances to Date', based on the prior statement.
11. In Column 4 'Advances Now Requested', state the amounts you are requesting for each applicable item.
12. Column 5 'Advances Currently Approved' will be filled by RUS with the approved amounts at processing.
13. Provide disbursement amounts in Column 6 'Total Disbursement and Credits' as of the last day of the preceding month.
14. In the 'Certification' section, ensure you sign all copies of the FRS with an original signature, as authorized.
15. Finally, review all field entries for accuracy, save your changes, and get ready to submit the form as per the submission notes.

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