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OMB Uniform Guidance
Key
Impacts on CNCS Grantees
2 – Internal Controls
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Dear Colleagues,
This
is the second in a series of messages concerning the Uniform Guidance, and what
it means to CNCS grantees. The regulation section number identifies where in
the Uniform Guidance the rule being discussed can be found.
§200.303 Internal Controls
This
rule requires grantees to establish and maintain effective internal controls to
ensure they comply with applicable federal statutes, regulations, and the terms
and conditions of the award. This includes taking reasonable measures to
safeguard personally identifiable information and other sensitive information.
Why
is this important?
Implementing adequate internal controls is important because it helps
grantees track their obligations and related expenditures. Internal controls ensure that transactions are
executed in compliance with the law and that prompt action is taken to resolve any
noncompliance. Internal controls also
help to ensure that funds and assets are not used for unauthorized purposes and
are safeguarded against loss.
What
You Should Do:
Review
the requirements outlined in §200.303, as well as, the additional guidance
noted below and ensure that appropriate internal controls are in place.
If
you have concerns or questions regarding appropriate internal controls, please
send them to blewis@cns.gov. Your feedback and questions will guide us to
develop additional information and assistance.
In Service,
Dana Bourne
Corporation for National and Community Service Grant Offices
Washington, DC and Philadelphia, Pennsylvania
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