Yes No CASH MANAGEMENT 6. Are U.S. Federal Government funds deposited in a separate bank account, or Yes No accounted for through grant-loan fund control accounts? 7. Are all disbursements properly documented with evidence of receipt of goods or performance of service? 8. Are all bank accounts reconciled monthly? Yes No PAYROLL Yes No 9. Are payroll charges checked against program budgets? 10. What system does your organization use to control paid time, especially time charged to sponsored agreements? PROCUREMENT Yes No 11. Are there procedures to ensure procurement at competitive a. prices? b. 12. Is there an effective system of authorization and approval of: (a) capital equipment expenditures (b) travel expenditures? Yes No PROPERTY MANAGEMENT 13. Are detailed records of individual capital assets kept and periodically balanced with the general ledger accounts? Yes 14. Are there effective procedures for authorizing and accounting for the disposal of property and equipment? No Yes 15. Are detailed property records periodically checked by physical inventory?
CASH MANAGEMENT 6. Are U.S. Federal Government funds deposited in a separate bank account, or accounted for through grant-loan fund control accounts? 7. Are all disbursements properly documented with evidence of receipt of goods or performance of service? 8. Are all bank accounts reconciled monthly? Yes No Yes No Yes No PAYROLL 9. Are payroll charges checked against program budgets? Yes No 10. What system does your organization use to control paid time, especially time charged to sponsored agreements? PROCUREMENT 11. Are there procedures to ensure procurement at competitive prices? 12. Is there an effective system of authorization and approval of: (a) capital equipment expenditures (b) travel expenditures? Yes No Yes No a. b. PROPERTY MANAGEMENT 13. Are detailed records of individual capital assets kept and periodically balanced with the general ledger accounts? 14. Are there effective procedures for authorizing and accounting for the disposal of property and equipment? 15. Are detailed property records periodically checked by physical inventory? Yes No Yes
Sub-Recipient%20Monitoring%20Policy_exhibit%201.docx