40 Tex. Admin. Code § 460.23 - Fiscal Monitoring

(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.

(b) Processes and procedures used to assess a Grantee 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) insurance coverage and risk exposure;

(7) oversight and monitoring functions;

(8) payroll administration;

(9) purchasing and procurement processes and procedures;

(10) property accountability and safeguarding;

(11) expenditure benchmarks; and

(12) other documents, processes and systems as determined by the Agency.

(c) Processes and procedures used to assess a Grantee shall include a review, evaluation, and determination regarding compliance with the Grant Agreement, the Fund for Veterans' Assistance Fiscal Guidelines, the State of Texas Uniform Grant Management Standards (UGMS), and 2 C.F.R. 200 - Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards.

Notes

40 Tex. Admin. Code § 460.23

The provisions of this §460.23 adopted to be effective June 8, 2011, 36 TexReg 3508; Amended by Texas Register, Volume 46, Number 22, May 28, 2021, TexReg 3420, eff. 6/3/2021