Presented by the Office of Economic Opportunity. Changes Ahead!. Adapting to Changes in Fiscal Monitoring of OEO Grants . Presenters:. Thomas Welch, Senior Manager of Audits Diana Graham, Auditor III. Objective:.
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Adapting to Changes in Fiscal Monitoring of OEO Grants.
As defined by OMB Circular A-110 the OEO has the following scope of authority.
See Handout 1.
Reimbursement does not preclude disallowed cost noted by the Audit Division during an on-site audit of reimbursable grants administered by OEO.
“(Boards) fully participate in the development, planning, implementation, and evaluation of the program to serve low income communities.” (Will be reflected in the Board minutes)
“as part of the implementation portion of this responsibility, the Board is supposed to receive frequent reports by the Agency’s fiscal staff on the overall agency’s fiscal status”.
See Handout 4.
This presentation as well as the revised Fiscal Guidance Manual is on our website athttp://www.oepp. sc.gov/oeo/forms.htmunder the fiscal guidance section.