Playing by the Rules - INCOG
The requirements for financial management systems and reporting are found in 24 CFR Part 85.20 for governmental subrecipients1 and in 24 CFR Part 84.21-28 as amended by 570.502, for non-profit subrecipients. The purpose of these requirements is to ensure that a subrecipient receiving Federal funds has a financial management system sufficient to: ................
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