Answer: The Organization lacks written procedures for managing federal payment advances.
Trend: This issue indicates a recurring gap in compliance with federal regulations.
List: Recommend developing and implementing the required written procedures to ensure compliance.
Finding Text
The Organization did not establish written procedures as required by 2 CFR section 200.305 (Federal payment ‐ advances) [2 CFR section
200.302(b)(6)].
Corrective Action Plan
The Organization estalished polocies regarding boththe receipt of advances in accordance with 2CFR Section 200.302 and the documentation of communications regarding this area.