If the Federal
Fiscal Monitoring Division selects your organization for review, you will be
notified in writing by mail and by email.
The notification letter describes the review process and requests an initial
set of documents you must submit to TEA. Staff will request additional financial
records and supporting documents during the review period.
of the review is to determine if you have complied with applicable federal
statutes and regulations and with the terms and conditions of your grant
agreement, including the uniform administrative requirements and cost
principles for federal awards given in Title 2 of the Code of Federal
Regulation (CFR). Below are links to additional resources you may find useful
if your organization is selected for a review.
Financial Accounting and Reporting (FAR) Guide
Minimum Required Elements for General Ledgers and Payroll
ledger (Word, 21KB).
(TEA is providing this sample solely to demonstrate the use of the required
account code structure. You should not interpret the items included as actual
allowable costs under a federal grant.)
Sample payroll journals
(TEA is providing these samples solely to demonstrate the use of the
required account code structure. You should not interpret the items
included as actual allowable costs under a federal grant.)
Using the FAR Coding System and Interpreting a General
Notice of Agency Policy
federal fiscal grant subrecipient monitoring and compliance reviews, and implements
related enforcement actions, in accordance with its established policies and
procedures. These policies and procedures incorporate best practices and
standards that may be similar to common auditing standards, but the agency does
not apply a specific set of external standards, such as the US Government
Accountability Office’s Generally Accepted Government Auditing Standards
(Yellow Book), nor is it required to do so.