CGD - Federal Funds CGD - Federal Funds The Board requires the appropriate use of federal funds.   All applications for federal funds must be approved by the Board of Directors.   All materials purchased with federal funds will be marked and inventoried in names that enable the identification of the funds used for purchase. Policy Adopted: March 5, 1975 Policy Revised: October 3, 1976, December 3, 1986, August 14, 1996, October 2, 1996 and December 17, 2003