Validation of Financial Management System Requirements Response Issue Type Comments If program income, is the Grantee/ there’s Yes N/A Recipient/Subrecipient disbursing program No Finding N/A Concern income prior to making further draw requests? N/A Has the Subrecipient charged any indirect Yes Finding costs? No Concern If yes, did the Subrecipient submit a Yes N/A federally-approved Indirect Cost Plan to No Finding N/A Concern OCD/DRU? N/A Are the administrative costs at Subrecipient’s Yes Finding or below the authorized threshold? No Concern Internal Controls Is there evidence that there – N/A are appropriate separation of duties in the Yes Finding approving of a Request for Payment and the No Concern payment of invoices?
Validation of Financial Management System Requirements Response Issue Type Comments If there’s program income, is the Grantee/ Recipient/Subrecipient disbursing program income prior to making further draw requests? Yes No N/A N/A Finding Concern Has the Subrecipient charged any indirect costs? Yes No N/A Finding Concern If yes, did the Subrecipient submit a federally-approved Indirect Cost Plan to OCD/DRU? Yes No N/A N/A Finding Concern Are the Subrecipient’s administrative costs at or below the authorized threshold? Yes No N/A Finding Concern Internal Controls – Is there evidence that there are appropriate separation of duties in the approving of a Request for Payment and the payment of invoices? Yes No N/A Finding Concern
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