Resolutions - Jersey City

1. . Financial Reporting.
Accurate, current and complete disclosure of the fiancial results of each grant in confonnty
with generally accepted priciples of accounting, and reporting in a format that is in
accordance with the fiancial report requirements of the grant. Subgrantee wil provide
OHSP's Fiscal Manager with quarerly reports for project expenditures.
2. Accòunting Records.
Records that adequately identify the source and application of funds for OHSP
supported activities. Theserecords must contain inormation peraig to
grant awards and _
authoriations, obligations, unobligated balances, assets, liabilties, outlays or ~xpenditures
and income.
3. Internal Control.
Effective internal and accounting controls over all funds, property and other assets. The
Subgrantee shall adequate1ysafeguard all such assets and assure that they are used solely for
authoried purposes.
4. Budget Control.
Comparson of actual expenditures or outlays with budgeted amounts for each grant. Also,
therelationship ofthe fianCial information with performance or productivity data, including
.the development qfunt cost information required by OHSP.
5. Allowable Costs.
Procedures for determg reasonableness, allowabilty and allocabilty of costs generaly
consistent with the grant proposal upon which thi grant agreement is made and consistent
with the proviions of state and/or federal cost priciples.
6. Source Document.
Accounting records that are supported by source documents.
C. OHSP may review the adequacy of the fiancial management system of any applicant for fiancial
assistance as par of a pre-àward review or at any time subsequent to the issuance of the grant
agreement. IfOHSP determes that the Subgrantee's accounting system
does not meetthe standards .
described in paragraph B above, additional Ùlformation to monitor the grant may be required by
OHSP upon written notice tö the Subgrantee,untilsuch time as the system meets with OHSP's
approval.
.:7- .