This publication provides clarification on the need to seek prior approval for carryover of unobligated funds. Grantees will find this information helpful if they have unobligated balances and have a need to address programmatic goals and objectives. Prior approval is necessary for written request for notice of award, offset of the current award, or subsequent award, and expanded authority.
This resource discusses and provides examples of possible financial risk that a nonprofit organization may encounter. Nonprofit grantees may find this resource useful in identifying potential risks within their organization. The risks in financial management are any actions that result in the reduction in value or loss of any of the organization's financial assets.
Fiscal Management ensures accountability for federal assets, compliance with regulations, and includes internal controls. Appropriate reporting systems are in place and program leadership work in partnership to develop and execute a budget that reflects and supports program goals and priorities.
This General Accounting Office (GAO) executive guide describes the scope of erroneous payments in the federal government and identifies effective practices that federal agencies can implement to reduce improper payments. Head Start program staff and federal staff can review case illustrations based on the experiences of outside organizations to compare to their own practices. GAO identifies five components of effective internal control: control environment, risk assessment, control activities, information and communication, and monitoring. The executive guide suggests several key elements for successful monitoring of improper payments, including the need to tailor an agency's actions to its specific needs.
The objectives of internal controls for cash disbursements are to ensure that cash is disbursed only upon proper authorization of management, for valid business purposes, and that all disbursements are properly recorded. Grantees will find this resource useful when maintaining internal control for cash disbursements.
The National Labor Relations Board is an independent federal agency created by Congress in 1935 to administer the National Labor Relations Act, the primary law governing labor relations. Grantees will find this information regarding NLRA violations useful when dealing with employees and unions.
This tool gives audit committees basic information about internal control, effective use in the organization, and the requirements of management with respect to the system of internal control over financial reporting. The toolkit is useful for not-for-profit grantees to understand the basics of internal control. The primary responsibility of the audit committee with respect to internal control is the system of internal control over financial reporting.