Print This Page
E-mail This Page
 |
Content Last Revised: 10/20/83 |
 |
Code of Federal Regulations Pertaining to ETA |
| Employees' Benefits |
|
| Employment and Training Administration, Department of Labor |
|
|
| Migrant and Seasonal Farmworker Programs |
|
|
|
| Program Design and Administrative Procedures |
20 CFR 633.309 - Recordkeeping requirements.
- Section Number: 633.309
- Section Name: Recordkeeping requirements.
(a) Each grantee shall ensure maintenance of systems whose financial
management and participant data components provide federally-required
records and reports that are accurate, uniform in definition, accessible
to authorized Federal staff, and verifiable for monitoring, reporting,
and evaluation purposes.
(b) The grantee shall ensure that systems:
(1) Maintain data elements used in required Federal reports in
accordance with established program definitions contained in the Act and
these regulations;
(2) Follow consistent rules for aggregation of detailed data to
summary levels;
(3) Are able to track data from detailed records to summary reports;
(4) Maintain procedures to ensure that information is current,
complete, consistent, and accurate;
(5) Meet generally accepted accounting principles as prescribed in
41 CFR part 29-70;
(6) Provide for adequate control of Federal funds and other assets;
(7) Trace the funds to a level of expenditures adequate to
demonstrate that funds have been spent lawfully;
(8) Maintain internal controls to avoid conflict-of-interest
situations and prevent irregular transactions or activities;
(9) Support accounting records with source documentation such as
cancelled checks, paid bills, contracts, grants, and agreements; and
(10) Establish procedures that will minimize the time elapsing
between the receipt of advanced funds and their disbursement.
|
|
|
