1. (a) Policy. Government entities and other nonprofits receiving less than $50,000 in federal and state funds from all sources are monitored by the Area Agency on Aging (AAA) or pass through agency.
2. (b) Authority. The authority for this Section is the Office of Management and Budget Circular A-133.

3. (c) Procedures. Procedures to implement this Section are described in this subsection.

   1. (1) Agencies subject to this Part receive a monitoring visit from the AAA or pass through agency to include, at a minimum:

      1. (A) testing of a minimum of ten percent of all project expenditures for the period under review;
      2. (B) testing of items listed in the current fiscal assessment tool;
      3. (C) preparation of a report to include a narrative description of project operations;
      4. (D) verification of the scope and review period;
      5. (E) a description of the findings regarding internal controls, accounting methods, and procedures;

      6. (F) schedules of:

         1. (i) balance sheet;
         2. (ii) budget compared to actual revenue and costs; and
         3. (iii) findings, questioned costs, and recommendations; and
      7. (G) an account of the grantee's response to findings, questioned costs, and recommendations.
   2. (2) Monitoring visits are conducted within 30 days after each project year.
4. (d) Cross references. Refer to OAC 340:105-10-106 through 340:105-10-107, and 340:105-10-109 through 340:105-10-113.

Added at 11 Ok Reg 673, eff 11-29-93 (emergency)

Added at 11 Ok Reg 2771, eff 6-13-94

Amended at 22 Ok Reg 897, eff 5-12-05

Amended at 28 Ok Reg 898, eff 6-1-11