Identify the purpose and contents of the contract funds status report (CFSR) Question: which of the following statements concerning the contract funds status report (CFSR) is false? - a CSFR is always required for contracts valued at less than $1M (constant FY 1990 dollars) - forecasted Billings to the government shown in CFSR block 13 can be used to estimate the amount and timing of expenditures for the programs spending plans. - a CFSR may be tailored to delete requirements from its Data item description. - information on the CFSR can be used to determine whether funds can be deobligated from the contract