Financial Guide for Grantees, 71288-71290 [2021-27178]
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71288
Federal Register / Vol. 86, No. 238 / Wednesday, December 15, 2021 / Notices
TABLE 1—LIST OF APPROPRIATE TEST STANDARDS FOR INCLUSION IN QPS’S NRTL SCOPE OF RECOGNITION
Test standard
UL
UL
UL
UL
UL
UL
UL
UL
UL
UL
UL
Test standard title
60079–0 ......
60079–1 ......
60079–2 ......
60079–7 ......
60079–11 ....
60079–15 ....
60079–18 ....
60079–25 ....
60079–26 ....
60079–28 ....
60079–31 ....
Explosive
Explosive
Explosive
Explosive
Explosive
Explosive
Explosive
Explosive
Explosive
Explosive
Explosive
Atmospheres—Part
Atmospheres—Part
Atmospheres—Part
Atmospheres—Part
Atmospheres—Part
Atmospheres—Part
Atmospheres—Part
Atmospheres—Part
Atmospheres—Part
Atmospheres—Part
Atmospheres—Part
khammond on DSKJM1Z7X2PROD with NOTICES
OSHA’s recognition of any NRTL for
a particular test standard is limited to
equipment or materials for which OSHA
standards require third-party testing and
certification before using them in the
workplace. Consequently, if a test
standard also covers any products for
which OSHA does not require such
testing and certification, a NRTL’s scope
of recognition does not include these
products.
The American National Standards
Institute (ANSI) may approve the test
standard listed above as an American
National Standard. However, for
convenience, OSHA may use the
designation of the standards-developing
organization for the standard as opposed
to the ANSI designation. Under the
NRTL Program’s policy (see OSHA
Instruction CPL 01–00–004, Chapter 2,
Section VIII), only standards determined
to be appropriate test standards may be
approved for NRTL recognition. Any
NRTL recognized for an appropriate test
standard may use either the proprietary
version of the test standard or the ANSI
version of that standard. Contact ANSI
to determine whether a test standard is
currently ANSI-approved.
A. Conditions
In addition to those conditions
already required by 29 CFR 1910.7, QPS
must abide by the following conditions
of the recognition:
1. QPS must inform OSHA as soon as
possible, in writing, of any change of
ownership, facilities, or key personnel,
and of any major change in its
operations as a NRTL, and provide
details of the change(s);
2. QPS must meet all the terms of its
recognition and comply with all OSHA
policies pertaining to this recognition;
and
3. QPS must continue to meet the
requirements for recognition, including
all previously published conditions on
QPS’s scope of recognition, in all areas
for which it has recognition.
Pursuant to the authority in 29 CFR
1910.7, OSHA hereby expands the scope
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0: Equipment—General Requirements.
1: Equipment Protection by Flameproof Enclosures ‘‘d’’.
2: Equipment Protection by Pressurized Enclosure ‘‘p’’.
7: Equipment Protection by Increased Safety ‘‘e’’.
11: Equipment Protection by Intrinsic Safety ‘‘i’’.
15: Equipment Protection by Type of Protection ‘‘n’’.
18: Equipment Protection by Encapsulation ‘‘m’’.
25: Intrinsically Safe Electrical Systems.
26: Equipment for Use in Class I, Zone 0 Hazardous (Classified) Locations.
28: Protection of Equipment and Transmission Systems Using Optical Radiation.
31: Equipment Dust Ignition Protection by Enclosure ‘‘t’’.
of recognition of QPS, subject to the
limitations and conditions specified
above.
III. Authority and Signature
Douglas L. Parker, Assistant Secretary
of Labor for Occupational Safety and
Health, 200 Constitution Avenue NW,
Washington, DC 20210, authorized the
preparation of this notice. Accordingly,
the agency is issuing this notice
pursuant to 29 U.S.C. 657(g)(2),
Secretary of Labor’s Order No. 8–2020
(85 FR 58393, September 18, 2020) and
29 CFR 1910.7.
Signed at Washington, DC, on December 7,
2021.
Douglas L. Parker,
Assistant Secretary of Labor for Occupational
Safety and Health.
[FR Doc. 2021–27120 Filed 12–14–21; 8:45 am]
BILLING CODE 4510–26–P
LEGAL SERVICES CORPORATION
Financial Guide for Grantees
Legal Services Corporation.
Request for comments.
AGENCY:
ACTION:
The Legal Services
Corporation (‘‘LSC’’) is updating its
Financial Guide (‘‘Guide’’) for grantees.
LSC previously sought comment on the
revised Guide and is now seeking
additional comments on discrete
changes to the Guide.
DATES: All comments and
recommendations must be received on
or before the close of business on
January 31, 2022.
ADDRESSES: You may submit comments
by any of the following methods.
Instructions: Electronic submissions
are preferred via email with attachments
in Acrobat PDF format. LSC may not
consider written comments sent via any
other method or received after the end
of the comment period.
Email: financialguide@lsc.gov. Please
include ‘‘Financial Guide Comment’’ in
the subject line of the message.
SUMMARY:
PO 00000
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Fax, U.S. Mail, Hand Delivery, or
Courier: Please call 202–295–1563 for
instructions if you need to send
materials by one of these methods.
FOR FURTHER INFORMATION CONTACT:
Stefanie K. Davis, Senior Assistant
General Counsel, (202) 295–1563, or
sdavis@lsc.gov.
SUPPLEMENTARY INFORMATION: The Legal
Services Corporation (LSC) has
conducted a comprehensive review of
the Accounting Guide for LSC
Recipients, 2010 Edition. Based on
input from LSC grantees and LSC’s
fiscal compliance analysts, LSC believes
that the format of the Accounting Guide
no longer best serves grantees or LSC.
LSC has restructured the document and
renamed it the Financial Guide. The
new draft Financial Guide removes
outdated or inapplicable materials,
improves materials directly related to
LSC-specific issues, and adds clarity
about both required and recommended
financial practices. The draft Financial
Guide also addresses areas that were
previously identified as problematic or
complex, such as cost allocation, and
assists grantees in the financial
management of LSC grants. Overall, the
draft Financial Guide conforms to
existing LSC and grantee practices and
requirements. Additionally, in some
places, the draft Financial Guide sets
out requirements that previously have
not been published for comment.
LSC originally sought comment on the
comprehensive revisions to the
Financial Guide via a notice published
in the Federal Register on July 7, 2020.
85 FR 40688 (July 7, 2020). LSC
received 38 unique comments on the
draft Financial Guide from five grantees
and the National Legal Aid and
Defender Association on behalf of itself
and its LSC grantee members. Generally,
the commenters suggested clarifications
and requested that LSC make many of
the proposed requirements into
recommendations to accommodate the
diversity of grantee sizes, fiscal
sophistication, and resources.
E:\FR\FM\15DEN1.SGM
15DEN1
Federal Register / Vol. 86, No. 238 / Wednesday, December 15, 2021 / Notices
LSC conducted a thorough review of
the entire draft and all comments. In
most cases, LSC agreed with the
comments and changed 17 proposed
requirements into recommendations.
Additionally, LSC removed five
requirements related to audits and
accounting. These changes align with
the new scope of the Financial Guide to
focus on providing guidance related to
LSC rules and regulations—including
those pertaining to internal controls—
and not technical audit and accountingspecific requirements. LSC also added
clear definitions that ‘‘must’’ and
‘‘shall’’ state requirements, but ‘‘should’’
states a strong recommendation. For all
required items, grantees can opt to use
different methods of reaching the goal,
subject to LSC’s determination that the
alternatives are sufficient.
OCE also identified several current
requirements that had not appeared in
the prior version of the Financial Guide
that was published for comment. These
are requirements that LSC has been
applying through required corrective
actions and most, perhaps all, grantees
have already implemented. OCE also
added some requirements and
recommendations related to ‘‘high-risk’’
areas, such as cost allocation and
employee expense reimbursements.
LSC has published the revised draft
Financial Guide for comment on the
Matters for Comment page at
www.lsc.gov. LSC is seeking comment
only on the areas identified below as
new requirements or substantive
revisions to the version of the Financial
Guide for which LSC sought comment
in 2020.
khammond on DSKJM1Z7X2PROD with NOTICES
Newly Identified Requirements
Section 1.3—Recipient Responsibility
This new section contains general
statements moved from other sections
that grantees must keep their financial
policies and procedures up to date with
accounting standards and changes to
LSC requirements (such as regulations,
the Audit Guide, etc.). This new section
also contains a statement that ‘‘Any
policies and procedures implementing
the requirements of this Guide must be
written and approved by the recipient’s
governing body.’’ LSC already requires
grantees to obtain governing body
approval of their policies and
procedures through policy reviews
during competitive assessments and
required corrective actions after a fiscal
review. The following sections are all
affected by this requirement:
Section 2.1.1.a—Accounting System
Capabilities
Section 2.2.2—Payroll
Section 2.2.3—Reconciliations
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17:04 Dec 14, 2021
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71289
Section 2.3.1—Document Integrity
Section 2.5.3—Electronic Data
Processing and Cybersecurity (Board
approval of policy is new)
Section 3.1.4—Derivative Income
Section 3.2.1—Bank Accounts
Section 3.2.2—Cash Receipts
Section 3.2.3—Investments (if
applicable)
Section 3.2.4—Cash Disbursements
Section 3.2.6—Client Trust Accounts
Section 3.4—PAI. This section now
clearly states that the financial
accounting of the 12.5% expenditure
for the PAI requirement must be in
policies and procedures that are
written and board approved, the same
as other financial policies and
procedures.
Section 3.5.1—Procurement and
Contracting (Board approval of policy
is new)
Section 3.6—Property and equipment
Section 3.7—Cost Principles (Board
approval of policy is new)
Section 3.8—Subgrants. The grantee’s
policies and procedures regarding the
financial accounting for subgrants
must be written and board approved.
For subrecipients, it now states that
‘‘Recipients must ensure that
subrecipients have written policies
and procedures consistent with
applicable LSC requirements,
including this Guide.’’ Part 1627
provides flexibility for subrecipients’
financial accounting to reflect the
amount of the subgrant and capacity
of the subrecipient. The relationship
between the recipient and
subrecipient will determine the
proper method of financial reporting
following generally accepted
accounting principles. 45 CFR
1627.4(f)(1)(i).
purpose, authorized signatory,
custodian, opening date, and closing
date) within the last three years.
Section 2.1.1—General Accounting
System Requirements
Section 3.2.4—Cash Disbursements
This section now provides more
specifics about the general accounting
system requirements. Most, if not all,
grantees already meet these
requirements, which are items that LSC
already requires grantees to adopt in
required corrective actions after a fiscal
review.
2.2.2—Time and Attendance (Payroll)
This section now provides more
specific requirements for formal payroll
policies and procedures including time
and attendance records, use of a payroll
register, and review of payroll before
processing and payment.
3.2.1—Bank Accounts
This section now explicitly requires
documentation and tracking of all bank
accounts opened and closed (e.g.,
PO 00000
Frm 00064
Fmt 4703
Sfmt 4703
3.2.1.b—Electronic Banking
This section now requires recipients
to conduct a risk assessment of
electronic banking policies and
procedures, with Board oversight, to
identify areas requiring additional
safeguards.
3.2.4.a—Employee Expense
Reimbursements
This new section requires grantees to
have written and well-defined expense
reimbursement policies and procedures.
It also provides a number of
recommendations for those policies.
3.2.5—Petty Cash
This section now explicitly requires a
monthly reconciliation of all petty cash
funds and identification of all required
supporting documentation. Also, the
section now requires that policies
describe all allowable uses of petty cash.
3.6.3—Disposal of Property and
Equipment
This new section references the Part
1631 requirements for disposal of real
and personal property. It also requires
that the grantee’s policies include
‘‘disposal procedures, controls, and
documentation requirements.’’
New Recommendations
Section 2.3.2—Document Destruction
This section ‘‘strongly encourages
recipients to develop and implement a
policy (in accordance with their record
retention policy) to address the proper
destruction of documents and data.’’
This section now states that
‘‘Recipients may consider additional
control measures related to higher risk
disbursements (e.g., require a second
check signer for amounts over a certain
threshold).’’
Significant Clarifications
LSC reorganized several sections to
group items together more logically,
provide clearer explanations, and better
identify areas of risk. The following
sections had notable updates.
2.1.1.a—Accounting System
Capabilities
This section now provides a detailed
bullet list of basic capabilities of an
adequate accounting system involving
collecting, allocating, tracking,
documenting, and reporting financial
information.
E:\FR\FM\15DEN1.SGM
15DEN1
71290
Federal Register / Vol. 86, No. 238 / Wednesday, December 15, 2021 / Notices
3.7.1—Cost Allocation
This section now provides a detailed
bullet list of basic requirements for cost
allocation policies to better illustrate the
cost allocation requirements proposed
in the published draft Financial Guide.
2.5.3—Security for Data and Records
Including Electronic Data Processing
and Cybersecurity
This section combines information
from scattered sections in the previous
draft to more clearly require grantees to
‘‘have written security policies and
procedures for physical and digital
assets including all financial data and
records in any form (e.g., electronic data
processing (EDP) and cybersecurity
policies and procedures).’’ Furthermore,
LSC recommends in this section that
‘‘These policies and practices should be
part of an overall data and records
security policy and an annual overall
risk-assessment process.’’ Finally, LSC
provides in this section a bullet list of
issues that these policies must address,
including a risk assessment at least
annually and resolution of risk findings
or conclusions.
Dated: December 10, 2021.
Stefanie Davis,
Senior Assistant General Counsel.
[FR Doc. 2021–27178 Filed 12–14–21; 8:45 am]
BILLING CODE 7050–01–P
NATIONAL AERONAUTICS AND
SPACE ADMINISTRATION
[Notice (21–087)]
Notice of Intent To Grant an Exclusive,
Co-Exclusive or Partially Exclusive
Patent License
National Aeronautics and
Space Administration.
ACTION: Notice of intent to grant
exclusive, co-exclusive or partially
exclusive patent license.
AGENCY:
NASA hereby gives notice of
its intent to grant an exclusive, coexclusive or partially exclusive patent
license to practice the inventions
described and claimed in the patents
and/or patent applications listed in
SUPPLEMENTARY INFORMATION below.
DATES: The prospective exclusive, coexclusive or partially exclusive license
may be granted unless NASA receives
written objections including evidence
and argument, no later than December
30, 2021 that establish that the grant of
the license would not be consistent with
the requirements regarding the licensing
of federally owned inventions as set
forth in the Bayh-Dole Act and
khammond on DSKJM1Z7X2PROD with NOTICES
SUMMARY:
VerDate Sep<11>2014
17:04 Dec 14, 2021
Jkt 256001
implementing regulations. Competing
applications completed and received by
NASA no later than December 30, 2021
will also be treated as objections to the
grant of the contemplated exclusive, coexclusive or partially exclusive license.
Objections submitted in response to this
notice will not be made available to the
public for inspection and, to the extent
permitted by law, will not be released
under the Freedom of Information Act.
Objections and Further
Information: Written objections relating
to the prospective license or requests for
further information may be submitted to
Agency Counsel for Intellectual
Property, NASA Headquarters at Email:
hq-patentoffice@mail.nasa.gov.
Questions may be directed to Phone:
(202) 358–3437.
ADDRESSES:
NASA
intends to grant an exclusive, coexclusive, or partially exclusive patent
license in the United States to practice
the inventions described and claimed
in: U.S. Patent No. 10,369,767 titled
‘‘Blocking/Deblocking Resin Systems for
Use as a ‘Co-Cure-Ply’ in the Fabrication
of Large-scale Composite Structure’’;
and U.S. Patent No. 10,549,516 titled
‘‘Off-Set Resin Formulations and
Blocking/Deblocking Resin Systems for
Use as a ‘Co-Cure-Ply’ in the Fabrication
of Large-Scale Composite Structure’’ to
Paradigm Materials, LLC, having its
principal place of business in Bothell,
Washington. The fields of use may be
limited. NASA has not yet made a final
determination to grant the requested
license and may deny the requested
license even if no objections are
submitted within the comment period.
This notice of intent to grant an
exclusive, co-exclusive or partially
exclusive patent license is issued in
accordance with 35 U.S.C. 209(e) and 37
CFR 404.7(a)(1)(i). The patent rights in
these inventions have been assigned to
the United States of America as
represented by the Administrator of the
National Aeronautics and Space
Administration. The prospective license
will comply with the requirements of 35
U.S.C. 209 and 37 CFR 404.7.
Information about other NASA
inventions available for licensing can be
found online at https://
technology.nasa.gov.
SUPPLEMENTARY INFORMATION:
Helen M. Galus,
Agency Counsel for Intellectual Property.
[FR Doc. 2021–27112 Filed 12–14–21; 8:45 am]
BILLING CODE 7510–13–P
PO 00000
Frm 00065
Fmt 4703
Sfmt 4703
NATIONAL AERONAUTICS AND
SPACE ADMINISTRATION
[Notice (21–088)]
Notice of Intent To Grant an Exclusive,
Co-Exclusive or Partially Exclusive
Patent License
National Aeronautics and
Space Administration.
ACTION: Notice of intent to grant
exclusive, co-exclusive or partially
exclusive patent license.
AGENCY:
NASA hereby gives notice of
its intent to grant an exclusive, coexclusive or partially exclusive patent
license to practice the inventions
described and claimed in the patents
and/or patent applications listed in
SUPPLEMENTARY INFORMATION below.
DATES: The prospective exclusive, coexclusive or partially exclusive license
may be granted unless NASA receives
written objections including evidence
and argument, no later than December
30, 2021 that establish that the grant of
the license would not be consistent with
the requirements regarding the licensing
of federally owned inventions as set
forth in the Bayh-Dole Act and
implementing regulations. Competing
applications completed and received by
NASA no later than December 30, 2021
will also be treated as objections to the
grant of the contemplated exclusive, coexclusive or partially exclusive license.
Objections submitted in response to this
notice will not be made available to the
public for inspection and, to the extent
permitted by law, will not be released
under the Freedom of Information Act.
ADDRESSES: Objections and Further
Information: Written objections relating
to the prospective license or requests for
further information may be submitted to
Agency Counsel for Intellectual
Property, NASA Headquarters at email:
hq-patentoffice@mail.nasa.gov.
Questions may be directed to Phone:
(202) 358–3437.
SUPPLEMENTARY INFORMATION: NASA
intends to grant an exclusive, coexclusive, or partially exclusive patent
license in the United States to practice
the inventions described and claimed
in: U.S. Patent No. 8,167,204 B2 for an
invention titled ‘‘Wireless Damage
Location Sensing System,’’ NASA Case
Number LAR–17593–1; U.S. Patent No.
7,086,593 B2 for an invention titled
‘‘Magnetic Field Response Measurement
Acquisition System,’’ NASA Case
Number LAR–16908–1; U.S. Patent No.
7,159,774 B2 for an invention titled
‘‘Magnetic Field Response Measurement
Acquisition System,’’ NASA Case
Number LAR–17280–1; U.S. Patent No.
SUMMARY:
E:\FR\FM\15DEN1.SGM
15DEN1
]]>Agencies
[Federal Register Volume 86, Number 238 (Wednesday, December 15, 2021)]
[Notices]
[Pages 71288-71290]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-27178]
=======================================================================
-----------------------------------------------------------------------
LEGAL SERVICES CORPORATION
Financial Guide for Grantees
AGENCY: Legal Services Corporation.
ACTION: Request for comments.
-----------------------------------------------------------------------
SUMMARY: The Legal Services Corporation (``LSC'') is updating its
Financial Guide (``Guide'') for grantees. LSC previously sought comment
on the revised Guide and is now seeking additional comments on discrete
changes to the Guide.
DATES: All comments and recommendations must be received on or before
the close of business on January 31, 2022.
ADDRESSES: You may submit comments by any of the following methods.
Instructions: Electronic submissions are preferred via email with
attachments in Acrobat PDF format. LSC may not consider written
comments sent via any other method or received after the end of the
comment period.
Email: [email protected]. Please include ``Financial Guide
Comment'' in the subject line of the message.
Fax, U.S. Mail, Hand Delivery, or Courier: Please call 202-295-1563
for instructions if you need to send materials by one of these methods.
FOR FURTHER INFORMATION CONTACT: Stefanie K. Davis, Senior Assistant
General Counsel, (202) 295-1563, or [email protected].
SUPPLEMENTARY INFORMATION: The Legal Services Corporation (LSC) has
conducted a comprehensive review of the Accounting Guide for LSC
Recipients, 2010 Edition. Based on input from LSC grantees and LSC's
fiscal compliance analysts, LSC believes that the format of the
Accounting Guide no longer best serves grantees or LSC. LSC has
restructured the document and renamed it the Financial Guide. The new
draft Financial Guide removes outdated or inapplicable materials,
improves materials directly related to LSC-specific issues, and adds
clarity about both required and recommended financial practices. The
draft Financial Guide also addresses areas that were previously
identified as problematic or complex, such as cost allocation, and
assists grantees in the financial management of LSC grants. Overall,
the draft Financial Guide conforms to existing LSC and grantee
practices and requirements. Additionally, in some places, the draft
Financial Guide sets out requirements that previously have not been
published for comment.
LSC originally sought comment on the comprehensive revisions to the
Financial Guide via a notice published in the Federal Register on July
7, 2020. 85 FR 40688 (July 7, 2020). LSC received 38 unique comments on
the draft Financial Guide from five grantees and the National Legal Aid
and Defender Association on behalf of itself and its LSC grantee
members. Generally, the commenters suggested clarifications and
requested that LSC make many of the proposed requirements into
recommendations to accommodate the diversity of grantee sizes, fiscal
sophistication, and resources.
[[Page 71289]]
LSC conducted a thorough review of the entire draft and all
comments. In most cases, LSC agreed with the comments and changed 17
proposed requirements into recommendations. Additionally, LSC removed
five requirements related to audits and accounting. These changes align
with the new scope of the Financial Guide to focus on providing
guidance related to LSC rules and regulations--including those
pertaining to internal controls--and not technical audit and
accounting-specific requirements. LSC also added clear definitions that
``must'' and ``shall'' state requirements, but ``should'' states a
strong recommendation. For all required items, grantees can opt to use
different methods of reaching the goal, subject to LSC's determination
that the alternatives are sufficient.
OCE also identified several current requirements that had not
appeared in the prior version of the Financial Guide that was published
for comment. These are requirements that LSC has been applying through
required corrective actions and most, perhaps all, grantees have
already implemented. OCE also added some requirements and
recommendations related to ``high-risk'' areas, such as cost allocation
and employee expense reimbursements.
LSC has published the revised draft Financial Guide for comment on
the Matters for Comment page at www.lsc.gov. LSC is seeking comment
only on the areas identified below as new requirements or substantive
revisions to the version of the Financial Guide for which LSC sought
comment in 2020.
Newly Identified Requirements
Section 1.3--Recipient Responsibility
This new section contains general statements moved from other
sections that grantees must keep their financial policies and
procedures up to date with accounting standards and changes to LSC
requirements (such as regulations, the Audit Guide, etc.). This new
section also contains a statement that ``Any policies and procedures
implementing the requirements of this Guide must be written and
approved by the recipient's governing body.'' LSC already requires
grantees to obtain governing body approval of their policies and
procedures through policy reviews during competitive assessments and
required corrective actions after a fiscal review. The following
sections are all affected by this requirement:
Section 2.1.1.a--Accounting System Capabilities
Section 2.2.2--Payroll
Section 2.2.3--Reconciliations
Section 2.3.1--Document Integrity
Section 2.5.3--Electronic Data Processing and Cybersecurity (Board
approval of policy is new)
Section 3.1.4--Derivative Income
Section 3.2.1--Bank Accounts
Section 3.2.2--Cash Receipts
Section 3.2.3--Investments (if applicable)
Section 3.2.4--Cash Disbursements
Section 3.2.6--Client Trust Accounts
Section 3.4--PAI. This section now clearly states that the financial
accounting of the 12.5% expenditure for the PAI requirement must be in
policies and procedures that are written and board approved, the same
as other financial policies and procedures.
Section 3.5.1--Procurement and Contracting (Board approval of policy is
new)
Section 3.6--Property and equipment
Section 3.7--Cost Principles (Board approval of policy is new)
Section 3.8--Subgrants. The grantee's policies and procedures regarding
the financial accounting for subgrants must be written and board
approved. For subrecipients, it now states that ``Recipients must
ensure that subrecipients have written policies and procedures
consistent with applicable LSC requirements, including this Guide.''
Part 1627 provides flexibility for subrecipients' financial accounting
to reflect the amount of the subgrant and capacity of the subrecipient.
The relationship between the recipient and subrecipient will determine
the proper method of financial reporting following generally accepted
accounting principles. 45 CFR 1627.4(f)(1)(i).
Section 2.1.1--General Accounting System Requirements
This section now provides more specifics about the general
accounting system requirements. Most, if not all, grantees already meet
these requirements, which are items that LSC already requires grantees
to adopt in required corrective actions after a fiscal review.
2.2.2--Time and Attendance (Payroll)
This section now provides more specific requirements for formal
payroll policies and procedures including time and attendance records,
use of a payroll register, and review of payroll before processing and
payment.
3.2.1--Bank Accounts
This section now explicitly requires documentation and tracking of
all bank accounts opened and closed (e.g., purpose, authorized
signatory, custodian, opening date, and closing date) within the last
three years.
3.2.1.b--Electronic Banking
This section now requires recipients to conduct a risk assessment
of electronic banking policies and procedures, with Board oversight, to
identify areas requiring additional safeguards.
3.2.4.a--Employee Expense Reimbursements
This new section requires grantees to have written and well-defined
expense reimbursement policies and procedures. It also provides a
number of recommendations for those policies.
3.2.5--Petty Cash
This section now explicitly requires a monthly reconciliation of
all petty cash funds and identification of all required supporting
documentation. Also, the section now requires that policies describe
all allowable uses of petty cash.
3.6.3--Disposal of Property and Equipment
This new section references the Part 1631 requirements for disposal
of real and personal property. It also requires that the grantee's
policies include ``disposal procedures, controls, and documentation
requirements.''
New Recommendations
Section 2.3.2--Document Destruction
This section ``strongly encourages recipients to develop and
implement a policy (in accordance with their record retention policy)
to address the proper destruction of documents and data.''
Section 3.2.4--Cash Disbursements
This section now states that ``Recipients may consider additional
control measures related to higher risk disbursements (e.g., require a
second check signer for amounts over a certain threshold).''
Significant Clarifications
LSC reorganized several sections to group items together more
logically, provide clearer explanations, and better identify areas of
risk. The following sections had notable updates.
2.1.1.a--Accounting System Capabilities
This section now provides a detailed bullet list of basic
capabilities of an adequate accounting system involving collecting,
allocating, tracking, documenting, and reporting financial information.
[[Page 71290]]
3.7.1--Cost Allocation
This section now provides a detailed bullet list of basic
requirements for cost allocation policies to better illustrate the cost
allocation requirements proposed in the published draft Financial
Guide.
2.5.3--Security for Data and Records Including Electronic Data
Processing and Cybersecurity
This section combines information from scattered sections in the
previous draft to more clearly require grantees to ``have written
security policies and procedures for physical and digital assets
including all financial data and records in any form (e.g., electronic
data processing (EDP) and cybersecurity policies and procedures).''
Furthermore, LSC recommends in this section that ``These policies and
practices should be part of an overall data and records security policy
and an annual overall risk-assessment process.'' Finally, LSC provides
in this section a bullet list of issues that these policies must
address, including a risk assessment at least annually and resolution
of risk findings or conclusions.
Dated: December 10, 2021.
Stefanie Davis,
Senior Assistant General Counsel.
[FR Doc. 2021-27178 Filed 12-14-21; 8:45 am]
BILLING CODE 7050-01-P
