Content Last Revised: 10/20/83 ---DISCLAIMER---

CFR	Code of Federal Regulations Pertaining to ETA

Title 20

Employees' Benefits

Chapter V

Employment and Training Administration, Department of Labor

Part 632

Indian and Native American Employment and Training Programs

Subpart D

Administrative Standards and Procedures

• Section Number: 632.32
• Section Name: Financial management systems.

    (a) Each Native American grantee, subgrantee and contractor shall 

maintain a financial management system which will provide accurate, 

current and complete disclosure of the financial transactions under each 

grant, subgrant or contract activity, and will enable each Native 

American grantee, subgrantee or contractor to evaluate the effectiveness 

of program activities and meet the reporting requirements of this 

subpart.

    (b) Each Native American grantee, subgrantee and contractor shall 

maintain its financial accounts so that the reports required by the 

Department may be prepared therefrom.

    (c) To be acceptable for audit under this subpart, a Financial 

Status Report shall be:

    (1) Current as of the cut-off date of the audit;

    (2) Taken directly from or linked by worksheet to the Native 

American grantee's books of original entry; and

    (3) Traceable to source documentation of the unit transaction.