STANDARDS FOR FINANCIAL AND PROGRAM MANAGEMENT: Responsible Regulation/ Manager Describe how this Executive Statute Compliance compliance standard Director COMMENTS/ACTION PLANS STANDARDS DESCRIPTION Citation Rating (FC, is met/measured Rating PC, or NC) proceduresU for determining the allowability of 2 CFR 200.302 UWritten costs in accordance with Subpart E Cost Principles of 2 (b) (7) CFR 200 and the terms and conditions of the Federal award. The financial management and accounting system is § 1000.302 sufficient to demonstrate compliance with HUD cost limits tracking and reporting on the Total 24 CFR Uby Development Cost which is the sum of all costs for 1000.156 - 162 U(TDC) a project including all undertakings necessary for administration, planning, site acquisition, demolition, construction or equipment and financing (including payment of carrying charges) and for otherwise carrying out the development of the project, off site Uexcluding water and sewerU. Internal controls. The tribe/TDHE must: 2 CFR 200.303 and maintainU effective internal control over 2 CFR 200.303 UEstablish the Federal award that provides reasonable assurance (a) that the tribe/TDHE is managing the Federal award in compliance with Federal statutes, regulations, and the terms and conditions of the Federal award. These internal controls should be in compliance with guidance in “Standards for Internal Control in the Federal Government” issued by the Comptroller General of the United States and the “Internal Control Integrated Framework”, issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO). [USTOP HERE AND COMPLETE ATTACHED COSO INTERNAL CONTROL ASSESSMENT AND INSERT COMPLIANCE RATING
STANDARDS FOR FINANCIAL AND PROGRAM MANAGEMENT: STANDARDS DESCRIPTION Regulation/ Statute Citation Responsible Manager Compliance Rating (FC, PC, or NC) Describe how this compliance standard is met/measured Executive Director Rating COMMENTS/ACTION PLANS UWritten proceduresU for determining the allowability of costs in accordance with Subpart E Cost Principles of 2 CFR 200 and the terms and conditions of the Federal award. 2 CFR 200.302 (b) (7) The financial management and accounting system is sufficient to demonstrate compliance with HUD cost limits Uby tracking and reporting on the Total Development Cost U(TDC) which is the sum of all costs for a project including all undertakings necessary for administration, planning, site acquisition, demolition, construction or equipment and financing (including payment of carrying charges) and for otherwise carrying out the development of the project, Uexcluding off site water and sewerU. § 1000.302 24 CFR 1000.156 - 162 Internal controls. The tribe/TDHE must: 2 CFR 200.303 UEstablish and maintainU effective internal control over the Federal award that provides reasonable assurance that the tribe/TDHE is managing the Federal award in compliance with Federal statutes, regulations, and the terms and conditions of the Federal award. These internal controls should be in compliance with guidance in “Standards for Internal Control in the Federal Government” issued by the Comptroller General of the United States and the “Internal Control Integrated Framework”, issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO). [USTOP HERE AND COMPLETE ATTACHED COSO INTERNAL CONTROL ASSESSMENT AND INSERT COMPLIANCE RATING 2 CFR 200.303 (a)
TAB-9_Core-Admin-Systems_Self-Assessment-Tool.May3_.2016-for-merge.docx