NCJ Number
54167
Date Published
1976
Length
185 pages
Annotation
THIS MANUAL IS A REFERENCE AND GUIDE FOR RECIPIENTS OF NATIONAL INSTITUTE OF CORRECTIONS FUNDS AND INCLUDES REQUIREMENTS AND SUGGESTIONS FOR ACCOUNTING SYSTEMS AND RECORDS, COST ALLOWANCES, FINANCIAL REPORTS, AND AWARDS.
Abstract
AS A NATIONAL INSTITUTE OF CORRECTIONS (NIC) GRANTEE, AN AGENCY HAS RESPONSIBILITY FOR ASSURING PROPER ADMINISTRATION OF GRANTS AND PROPER CONDUCT OF THE FINANCIAL AFFAIRS OF SUBCONTRACTORS. GUIDELINES PRESENTED IN THIS MANUAL ON GENERAL GRANT ADMINISTRATION CONCERN GRANTEE RECIPIENT AGENCY SUPERVISION AND MONITORING RESPONSIBILITIES, ALLOWABILITY OF COSTS REGARDING PROJECT BUDGETS AND LIMITATION OF TRAVEL AND SUBSISTENCE CHARGES, AND GENERAL REQUIREMENTS OF FISCAL ADMINISTRATION. NOTES ON CONFLICT OF INTEREST, COPYRIGHT LAWS, AND GRANT TERMINATIONS ARE PROVIDED. ALTHOUGH GUIDELINES FOR ESTABLISHING AND MAINTAINING SUITABLE ACCOUNTING SYSTEMS ARE PRESENTED, GRANTEES ARE FREE TO FOLLOW THEIR NORMAL FINANCIAL PROCEDURES SO LONG AS THEY PROVIDE THE MEANS THROUGH WHICH COMPLIANCE WITH FISCAL REQUIREMENTS OF THE GRANTS CAN BE ACHIEVED AND VERIFIED. SUPPLIED HERE IS INFORMATION ON ACCOUNTING SYSTEM STANDARDS, SUPERVISION AND MONITORING RESPONSIBILITY, GENERAL ACCOUNT STRUCTURE, ACCOUNTING FOR GRANTEE CONTRIBUTIONS AND MATCHING SHARES, AND MAINTENANCE AND RETENTION OF RECORDS. RULES AND PRINCIPLES APPLICABLE IN DETERMINING COSTS CHARGEABLE TO GRANTS AND CONTRACTS DESCRIBED IN THE MANUAL ARE BASED ON THE STANDARDIZED COST ALLOCATION AND ALLOWABILITY PRINCIPLES PRESCRIBED FOR ALL FEDERAL GRANT PROGRAMS IN THE FEDERAL MANAGEMENT CIRCULARS. FINANCIAL AND PERFORMANCE REPORT REQUIREMENTS AND PROCESSES ARE EXPLAINED, ACCOUNTING TERMS ARE DEFINED, AND DETAILED INSTRUCTIONS FOR FINANCIAL REPORTS ARE PROVIDED. THE APPENDIXES CONTAIN COST PRINCIPLES APPLICABLE TO STATE AND LOCAL GOVERNMENTS AND EDUCATIONAL INSTITUTIONS, PROPERTY MANAGEMENT STANDARDS, FORMS FOR REQUESTING ADVANCE, A FINANCIAL STATUS REPORT FORM, A FEDERAL CASH TRANSACTIONS FORM, AND THE COMPTROLLER GENERAL'S ACCOUNTING PRINCIPLES AND STANDARDS. (DAG)