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Term Definition

An identification code assigned to a specific financial assistance award by an agency for tracking purposes. The FAIN is tied to that award (and all future modifications to that award) throughout the award's life. Within an agency, FAINs are unique; a new award must be issued a new FAIN. FAIN stands for Federal Award Identification Number, though the digits may be both letters and numbers.

Federal Assistance

A Federal program, service, or activity that directly aids organizations, individuals, or state/local/tribal governments. Sectors include education, health, public safety and public welfare - to name a few. Financial assistance is distributed in many forms, including grants, loans, direct payments, or insurance.

Fiscal Year (FY)

The fiscal year is an accounting period that spans 12 months. For the Federal government, it runs from October 1 to September 30. For example, Fiscal Year 2017 (FY 2017) starts October 1, 2016 and ends September 30, 2017. A fiscal year may be broken down into quarters. For the Federal government, these quarters are:

    Q1: October - December
    Q2: January - March
    Q3: April - June
    Q4: July - September

Funding Source

Includes appropriation amounts from Public Laws 115-56, 115-72, 115-123, and 115-254, and all FEMA Disaster Relief Fund (DRF) and SBA Disaster Loan (DL) funding for covered disasters.