Views of Responsible Officials and Planned Corrective Actions: BDC is updating its existing spreadsheet
used for federal grant reporting to include the listing number of each grant, the grantor, the name of the grant
program, expenditures and deadlines. They updated spreadsheet will undergo quarterly reviews by the
Controller and verification by the CFO. Corrective Actions:
1. Spreadsheet Enhancements: The updated pool will include detailed fields for grant milestones,
allowable costs and reporting deadlines to ensure compliance.
2. Quarterly Reviews: Regular reviews by the Controller, with oversight from CFO, will ensure that
grant reporting is accurate and timely.
3. Audit Preparation: The updated tool will facilitate documentation and reporting for audit purposes.
4. Staff Training: Staff responsible for federal grant management will receive training on grant
compliance requirements and reporting standards.
Expected Completion: June 2025