On the five-point scale in our grant readiness assessment, organizations exceptional (5) at internal controls:

• Written procedures in place to maintain control over assets, records, expenditures and so on;
• Segregation of duties between employees that initiate, approve and record expenses;
• A periodic comparison of expenditures and reports to supporting documents;
• Supervisory review of reports to assure accuracy and completeness of data and information included;
• Procedures to identify and resolve compliance issues;
• Unallowable expenses adjusted with follow-up action taken to determine the cause and to prevent future occurrences;
• A procedure to verify the eligibility of people receiving services;
• Written policy establishing responsibility and procedures for periodic monitoring, verification and reporting of program progress and accomplishments; and
• Periodic independent evaluation of expenditures, reports and supporting documents.

Download the complete grant readiness assessment.