American Academy of Addiction Psychiatry Inc

How it makes and monitors grants (Schedule I, Part IV)

Aaap is responsible for entering into subawards/subcontracts responsibly and for monitoring those subrecipients that expend $500,000 or more per year of federal awards to comply with the audit requirements of omb circular a-133. subrecipients/subcontracts who do not have a-133 audits are required to provide a copy of an audit or review performed by an independent cpa and other materials to be reviewed by the executive director the principal investigator (pi) is responsible for monitoring periodic progress reports to ensure that performance goals are achieved. likewise, the pi is responsible for monitoring invoices to ensure that they are reflective of progress and, to the extent possible, that subrecipients are administering the federal award in compliance with laws, regulations, and the provisions of subaward/subcontractor agreements. non-compliance with technical reporting requirements or dissatisfaction with level of subrecipient progress should be addressed with the subrecipient immediately so that corrective action up to and including termination can take place. in addition to the review of progress reports, the pi reviews and approves all invoices submitted by subrecipients by determining that the amount(s) billed reasonably represent the cost of work performed to date. approved invoices are forwarded to the director, grants administration and compliance for review of issues such as allowability, budgetary sufficiency, and time period of work performance. if there is no