Northeastern Regional Association of Coastal Ocean Observing Systems

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

The grants awarded to other domestic organizations and individuals are sub-awards of federal grant monies awarded to neracoos. neracoos undergoes a single audit annually to ensure all activities, included subawards to domestic and foreign entities of federal funds, are in compliance with title 2 u.s. code of federal regulations part 200, uniform administrative requirements, cost principles, and audit requirements for federal awards (uniform guidance) for pass-through entities' responsibilities. this includes the following procedures relative to grant fund monitoring: 1. requiring quarterly progress reports; 2. review of subaward invoices for adherence to the subaward budget, allowable costs and activities, and progress reports; 3. monthly conference calls with all subawardees as a group to discuss neracoos' issues and have the subaward receipients report on progress; 4. ensure subawards are used only for allowable activities. additionally, the subaward agreements issued to foreign and domestic entities include the following stipulations: 1. recipients must follow federal audit requirements for federal expenditures in accordance with uniform guidance; 2. if any recipient has findings as the result of an audit, those results are provided to neracoos. neracoos has six months to issue a management decision on the findings to ensure that the subrecipient takes appropriate and timely action on the findings, and to consider if the findings necessitate an adjustment to the records of