Financial Audits: Key Regulations and Tips
In this tip sheet, learn about key regulations concerning the financial audits of Head Start programs. Also, learn the steps for selecting an auditor and related online resources.
Strong fiscal systems are key to a healthy program. The materials in this topic guide programs in making the most of their financial resources. Explore tools to help grantees account for their federal assets, comply with regulations, avoid waste, manage risk, and strengthen internal controls. Find information to support grantees in generating in-kind contributions and meeting matching requirements. Learn how to develop sound reporting systems, and execute budgets that reflect program goals and priorities.
In this tip sheet, learn about key regulations concerning the financial audits of Head Start programs. Also, learn the steps for selecting an auditor and related online resources.
Head Start grantees are required to provide a 20 percent non-federal match. This can come through resources donated by the communities they serve and state funding as appropriate.
Head Start programs adhere to certain financial and administrative requirements. Explore the resources below as you provide comprehensive, wrap-around services to low-income children and families. Also, find materials detailing the requirements of the grant process.
Learn more about cost allocation principles and practices. Find out how they help Head Start programs organize their funding sources and comply with federal regulations.
Uniform Guidance streamlines and consolidates government requirements for receiving and using federal awards. In this way, it reduces the administrative burden for programs and improves outcomes.
Internal controls and reporting procedures protect and maximize a Head Start program's federal award.
Use these resources to become familiar with the expectations and impact of the Uniform Administrative Requirements, Cost Principles, and Audit Requirements regulations for your organization.
This publication provides per diem rates for Federal travel in the continental United States. Federal travel customers will find this resource useful when planning and arranging their travel activities.
As described in ACF-IM-HS-17-01 Facilities Guidance, all grantees, including those with no covered real property, are instructed to use and submit standard form (SF) Real Property Status Report 429. Go to the Grants.gov Forms Repository for the latest versions of the forms.
ACF-PI-HS-17-04 notifies grantees of the requirements around SF-428 and the U.S. Department of Health and Human Services (HHS) Payment Management System (PMS). Grantees are required to provide Tangible Personal Property Report SF-428 and SF-428B, and SF-428S if needed, not later than 90 days after the close of the project period.