Texas Administrative Code
Title 40 - SOCIAL SERVICES AND ASSISTANCE
Part 15 - TEXAS VETERANS COMMISSION
Chapter 460 - FUND FOR VETERANS' ASSISTANCE
Subchapter B - MONITORING ACTIVITIES
Section 460.23 - Fiscal Monitoring

Universal Citation: 40 TX Admin Code ยง 460.23

Current through Reg. 49, No. 38; September 20, 2024

(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.

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