DAF-10 - ADMINISTRATION OF FEDERAL GRANTS – GRANT FUND BUDGET RECONCILIATION

COMPENSATION – FEDERAL GRANT FUND BUDGET RECONCILIATION

Budget estimates are not used as support for charges to Federal awards. However, the District may use budget estimates for interim accounting purposes. The system used by the District to establish budget estimates produces reasonable approximations of the activity actually performed. Any significant changes in the corresponding work activity are identified by the District and entered into the District’s records in a timely manner.

The District’s internal controls include a process to review after-the-fact interim charges made to a Federal award based on budget estimates and ensure that all necessary adjustments are made so that the final amount charged to the Federal award is accurate, allowable, and properly allocated.
 

Legal Reference:  
Appendix Reference:
First Reading:5/23/19
Date Adopted:  5/23/19 
Revision Dates:  
Last Review Date: