Characteristics of an Effective Financial Management System
Characteristics of an Effective Financial Management System
0011 0010 1010 1101 0001 0100 1011
10. Internal Controls
1. Regulatory Requirements
9. Reporting
8. Matching Requirements
and In-Kind Contributions
Effective Financial Management
7. Time & Activity
Documentation
6. Budget Controls
2. Written Policies and Procedures
5. Efficient Accounting
System
3. Documentation
of Expenses
1 4. Managing
42 Cash
Regulatory Requirements
0011 0010 1010 1101 0001 0100 1011
OMB Circular Requirements
State Requirements Federal Grant Provisions Award Letter
Program
412
OMB Circulars
0011 0010 1010 1101 0001 0100 1011
Type of Institution
Cost Principles
Administrative Requirements
Audit Requirements
State and Local OMB Circular A-87 "Common Rule"
A-133
Governments
A-102
Non Profit Organizations
OMB Circular A122
OMB Circular A110
1 Colleges and
Universities
OMB Circular A-21 OMB Circular A110
2 Cost Circulars can be found at:
4
A-133 A-133
Written Policies and Procedures 0011 0010 1010 1101 0001 0100 1011
? Organization operates within a written set of policies and procedures.
? All staff are familiar with policies and procedures.
? Organizational policies and procedures are up-
1 to-date.
? Policies and procedures incorporate grant
42 provisions.
Documentation of Expenses
0011 0010 1010 1101 0001 0100 1011
? All staff are familiar with documentation requirements for grants.
? All expenses have supporting documentation that directly relates to expense funded under the grant.
1 ? Organization has proper record retention policy.
? Documentation supports expenditure
2 requirements: reasonableness, necessity,
allocability, allowability, and adherence to grant
4 guidelines.
................
................
In order to avoid copyright disputes, this page is only a partial summary.
To fulfill the demand for quickly locating and searching documents.
It is intelligent file search solution for home and business.
Related download
- unit i indian financial system 1 introduction to indian
- financial information system
- basic elements of an effective financial
- what financial system for the 21st century
- 2 an overview of the financial system
- components of the banking system united nations
- core financial system requirements world bank
- characteristics of an effective financial management system
- 2 overview of the financial system
Related searches
- federal financial management system trai
- financial management system definition
- financial management system example
- nyc financial management system fms
- characteristics of an effective teacher
- effective financial management practices
- an effective financial system needs
- effective financial management pdf
- characteristics of an effective school
- characteristics of an effective leader
- characteristics of an effective writer
- characteristics of an effective instructor