TRIGGERS Record the triggers identified as a result of the analysis conducted. Triggers Y/N Triggers Y/N are one or more significant deficiencies FTA implemented drawdown restrictions or material weaknesses from oversight due to non-compliance with reviews, assessments, audits, or requirements investigations in the area of financial management since the last Comprehensive Review The grantee has repeat deficiencies from The grantee does not have or has not oversight reviews, audits, or investigations in updated its written financial policies and the area of financial management procedures for its financial management practices addressing such as internal controls and audit resolution There are past due, open deficiencies from The grantee does not develop and oversight reviews, audits, or investigations in maintain financial management reports the area of financial management comparing actual expenses against budgets with explanations of significant variances The grantee displays a pattern of poor quality The grantee officials do not routinely corrective actions from past oversight reviews review financial reports Financial issues have been identified in FTA’s The grantee does not demonstrate that Oversight Assessment Tool (OAT) it has adequate accounting expertise The grantee has not conducted annual single Federal Financial Reports (FFR) have audits as required or kept FTA appropriately not been completed correctly or informed of single audit findings submitted in the FTA Electronic and Management System (EAMS) (see the Technical Capacity review area for input into this trigger) The grantee has had numerous Electronic Clearinghouse Operations (ECHO) rejections or made numerous credits/refunds in the ECHO system
TRIGGERS Record the triggers identified as a result of the analysis conducted. Triggers Y/N Triggers Y/N are one or more significant deficiencies or material weaknesses from oversight reviews, assessments, audits, or investigations in the area of financial management since the last Comprehensive Review FTA implemented drawdown restrictions due to non-compliance with requirements The grantee has repeat deficiencies from oversight reviews, audits, or investigations in the area of financial management The grantee does not have or has not updated its written financial policies and procedures for its financial management practices addressing such as internal controls and audit resolution There are past due, open deficiencies from oversight reviews, audits, or investigations in the area of financial management The grantee does not develop and maintain financial management reports comparing actual expenses against budgets with explanations of significant variances The grantee displays a pattern of poor quality corrective actions from past oversight reviews The grantee officials do not routinely review financial reports Financial issues have been identified in FTA’s Oversight Assessment Tool (OAT) The grantee does not demonstrate that it has adequate accounting expertise The grantee has not conducted annual single audits as required or kept FTA appropriately informed of single audit findings Federal Financial Reports (FFR) have not been completed correctly or submitted in the FTA Electronic and Management System (EAMS) (see the Technical Capacity review area for input into this trigger) The grantee has had numerous Electronic Clearinghouse Operations (ECHO) rejections or made numerous credits/refunds in the ECHO system
Region_State_Grantee_TR17_ERMWorksheet_FinMgmt.docx