| (a) The Agency shall conduct fiscal monitoring activities
to ensure that resources are efficiently and effectively used for
authorized purposes and are protected from waste, fraud, and abuse.
Processes and procedures used to determine Board, workforce service
provider, AEL grant recipient, AEL service provider, and Agency grantee
performance may include the review and evaluation of one or more of
the following:
(1) Accounting and reporting systems
(2) Budget methodologies
(3) Cash management practices
(4) Cost allocation plans and processes
(5) Cash disbursement compliance and documentation
(6) Program income identification and reporting
(7) Insurance coverage and risk exposure
(8) Oversight and monitoring functions
(9) Payroll administration
(10) Purchasing and procurement processes and procedures
(11) Property accountability and safeguarding
(b) Processes and procedures used to determine Board,
workforce service provider, AEL grant recipient, AEL service provider,
and Agency grantee performance shall include a review, evaluation,
and determination regarding compliance with the appropriate uniform
administrative requirements for grants and agreements as well as the
appropriate cost principles applicable for the type of entity receiving
funds as listed in OMB circulars or rules.
(c) Processes and procedures used to determine Board,
workforce service provider, AEL grant recipient, AEL service provider,
and Agency grantee performance shall include a review, evaluation,
and determination regarding compliance with the applicable requirements
regarding cost categories and cost limitations.
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