9/30/2015 Potential for ERM 2. Technical Capacity Continued What may trigger an ERM? Large number of open grants • Inactive grants/grants with small balances • Delayed projects • New or different projects • Large number of contractors and/or • subrecipients 46 Potential for ERM 2. Technical Capacity Continued What may trigger an ERM? Repeat/open findings • Other review/audit findings • Problems in closing past findings • Office of Inspector General Action Memo or • Hotline Complaints Inadequate reporting to FTA • Organizational issues (turnover/vacancies) • 47 Potential for ERM 2. Technical Capacity Continued Typical Findings and Corrective Actions: MPRs and FFRs lacking complete or complete and timely MPRs and accurate information FFRs / revise procedures Revise Procedures/Develop grants Older grants with small balances / inactive management plan to close grants grants Prepare and implement oversight Insufficient oversight of subrecipients procedures 48
9/30/2015 Potential for ERM 2. Technical Capacity Continued What may trigger an ERM? • Large number of open grants • Inactive grants/grants with small balances • Delayed projects • New or different projects • Large number of contractors and/or subrecipients 46 Potential for ERM 2. Technical Capacity Continued What may trigger an ERM? • Repeat/open findings • Other review/audit findings • Problems in closing past findings • Office of Inspector General Action Memo or Hotline Complaints • Inadequate reporting to FTA • Organizational issues (turnover/vacancies) 47 Potential for ERM 2. Technical Capacity Continued Typical Findings and Corrective Actions: MPRs and FFRs lacking complete or accurate information complete and timely MPRs and FFRs / revise procedures Older grants with small balances / inactive grants Insufficient oversight of subrecipients Revise Procedures/Develop grants management plan to close grants Prepare and implement oversight procedures 48