Space for retaining previous year's records is at a premium. How long must I maintain the financial records for the grants our agency received?
General supporting documentation must be retained for the current year plus six prior years unless otherwise specified by program requirements. Additionally, audit or litigation will "freeze the clock" for records retention purposes until the issue is resolved. For more specific information, the State Archives makes Records Retention and Disposition Schedules available at http://www.archives.nysed.gov/a/records/mr_retention.shtml.