FISCAL MANAGEMENT GOAL: ENSURE THAT ALL LIHEAP FUNDS ARE PROPERLY SPENT AND ACCOUNTED FOR STATE FISCAL GOAL: POLICIES AND PROCEDURES IN PLACE TO PROPERLY SPEND AND TRACK ALL PROGRAM FUNDS CONTROLS Basic Enhanced Best Practice Barriers LOCAL AGENCY GOAL: GUIDELINES, POLICIES AND PROCEDURES IN PLACE TO PROPERLY SPEND AND TRACK ALL PROGRAM FUNDS PROCESSES, SYSTEMS, CONTROLS Strategy Require contract (or state Require contract (or state Require contract (or state • local capacity regulations) with local regulations) with local regulations) with local agencies • fiscal and management agencies that establishes agencies that establishes that establishes rights and skills rights and responsibilities of rights and responsibilities of responsibilities of local • time local agencies and ensures local agencies and ensures agencies and ensures that they • centralized systems that they follow generally that they follow generally follow generally accepted • funding accepted accounting accepted accounting principles accounting principles and have • expertise in contracting principles and have an and have an appropriate an appropriate financial audit. • conflict of interest appropriate financial audit. financial audit. Require each Require local agency to • lack of T&TA funding local agency to develop develop a comprehensive local • funding not timely or detailed plan for fulfilling plan for fulfilling consistent responsibilities. responsibilities that details internal training, evaluation, monitoring, and technical assistance as needed. Initial Cost low - moderate moderate moderate - high Operational Cost low - moderate low - moderate moderate - high Client Impact low low low
FISCAL MANAGEMENT GOAL: ENSURE THAT ALL LIHEAP FUNDS ARE PROPERLY SPENT AND ACCOUNTED FOR STATE FISCAL CONTROLS GOAL: POLICIES AND PROCEDURES IN PLACE TO PROPERLY SPEND AND TRACK ALL PROGRAM FUNDS Basic Enhanced Best Practice Barriers LOCAL AGENCY PROCESSES, SYSTEMS, CONTROLS GOAL: GUIDELINES, POLICIES AND PROCEDURES IN PLACE TO PROPERLY SPEND AND TRACK ALL PROGRAM FUNDS Strategy Require contract (or state regulations) with local agencies that establishes rights and responsibilities of local agencies and ensures that they follow generally accepted accounting principles and have an appropriate financial audit. Require contract (or state regulations) with local agencies that establishes rights and responsibilities of local agencies and ensures that they follow generally accepted accounting principles and have an appropriate financial audit. Require each local agency to develop detailed plan for fulfilling responsibilities. Require contract (or state regulations) with local agencies that establishes rights and responsibilities of local agencies and ensures that they follow generally accepted accounting principles and have an appropriate financial audit. Require local agency to develop a comprehensive local plan for fulfilling responsibilities that details internal training, evaluation, monitoring, and technical assistance as needed. • local capacity • fiscal and management skills • time • centralized systems • funding • expertise in contracting • conflict of interest • lack of T&TA funding • funding not timely or consistent Initial Cost low - moderate moderate moderate - high Operational Cost low - moderate low - moderate moderate - high Client Impact low low low