Answer: Federal award recipients must have formal written policies for cost allowability and compliance with award terms.
Trend: Many organizations are lacking these essential policies, which can lead to compliance issues.
List: Review current policies, develop missing documentation, and ensure staff are trained on these requirements.
Finding Text
Criteria: All recipients of federal awards are required to formally adopt written policies and procedures for determining the allowability of costs and terms and conditions of federal awards.
Corrective Action Plan
CFDA number and name: 10.760 ? Water and Waste Disposal Systems for Rural Communities